Question 1

What determines the price movement of Derify Protocol (DRF)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Derify Protocol.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Derify Protocol, 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 Derify Protocol. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Derify Protocol 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 Derify Protocol. 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 Derify Protocol and the broader cryptocurrency market.

Question 2

What is the highest price of Derify Protocol price in history?

Accepted Answer

Derify Protocol achieved the all-time high of 0.971156 in 2022-04-04, and is currently trading at 0.0147341.

Question 3

What is the lowest price of Derify Protocol price in history?

Accepted Answer

Derify Protocol reached its all-time low of  0.0145843 on 2024-03-13.

Question 4

What is the current market cap of Derify Protocol?

Accepted Answer

The current market cap of Derify Protocol is  165659.90653, as 11243300 DRF is trading at the price of 0.0147341.

Question 5

How many Derify Protocol are there in the market?

Accepted Answer

There are currently 11243300 DRF circulating in the market. These Derify Protocol can be actively traded or used in the open market.

Question 6

What is the maximum supply of Derify Protocol?

Accepted Answer

The maximum supply of DRF is 100000000 , 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 Derify Protocol?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Derify Protocol is 1473410.00000000. The FDV is calculated taking the assumption that all supply of Derify Protocol is circulation, multiplied by its current price of  0.0147341.

Question 8

What is the price prediction of Derify Protocol ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Derify Protocol 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 Derify Protocol a good investment?

Accepted Answer

Derify Protocol 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 Derify Protocol 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 Derify Protocol.

Question 10

How to buy Derify Protocol?

Accepted Answer

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

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