Question 1

What determines the price movement of Rand (RND)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Rand.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Rand, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Rand. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Rand on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Rand. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Rand and the broader cryptocurrency market.

Question 2

What is the highest price of Rand price in history?

Accepted Answer

Rand achieved the all-time high of 0.222165 in 2023-11-23, and is currently trading at 0.00130206.

Question 3

What is the lowest price of Rand price in history?

Accepted Answer

Rand reached its all-time low of  0.00070772 on 2024-11-25.

Question 4

What is the current market cap of Rand?

Accepted Answer

The current market cap of Rand is  7766.3842614000005, as 5964690 RND is trading at the price of 0.00130206.

Question 5

How many Rand are there in the market?

Accepted Answer

There are currently 5964690 RND circulating in the market. These Rand can be actively traded or used in the open market.

Question 6

What is the maximum supply of Rand?

Accepted Answer

The maximum supply of RND is 200000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Rand?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Rand is 260412.000000000. The FDV is calculated taking the assumption that all supply of Rand is circulation, multiplied by its current price of  0.00130206.

Question 8

What is the price prediction of Rand ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Rand price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Rand a good investment?

Accepted Answer

Rand offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Rand and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Rand.

Question 10

How to buy Rand?

Accepted Answer

You can buy Rand via Gate by following the steps on <0>how to buy RND once you have funded your account.

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