Question 1

What determines the price movement of Malaysian Ringgit Coin (MYRC)?

Accepted Answer

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

Question 2

What is the highest price of Malaysian Ringgit Coin price in history?

Accepted Answer

Malaysian Ringgit Coin achieved the all-time high of 0.214321 in 2023-10-04, and is currently trading at 0.210646.

Question 3

What is the lowest price of Malaysian Ringgit Coin price in history?

Accepted Answer

Malaysian Ringgit Coin reached its all-time low of  0.210535 on 2023-11-03.

Question 4

What is the current market cap of Malaysian Ringgit Coin?

Accepted Answer

The current market cap of Malaysian Ringgit Coin is  , as  MYRC is trading at the price of 0.210646.

Question 5

How many Malaysian Ringgit Coin are there in the market?

Accepted Answer

There are currently  MYRC circulating in the market. These Malaysian Ringgit Coin can be actively traded or used in the open market.

Question 6

What is the maximum supply of Malaysian Ringgit Coin?

Accepted Answer

The maximum supply of MYRC is ∞ , 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 Malaysian Ringgit Coin?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Malaysian Ringgit Coin is --. The FDV is calculated taking the assumption that all supply of Malaysian Ringgit Coin is circulation, multiplied by its current price of  0.210646.

Question 8

What is the price prediction of Malaysian Ringgit Coin ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Malaysian Ringgit Coin 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 Malaysian Ringgit Coin a good investment?

Accepted Answer

Malaysian Ringgit Coin 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 Malaysian Ringgit Coin 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 Malaysian Ringgit Coin.

Question 10

How to buy Malaysian Ringgit Coin?

Accepted Answer

You can buy Malaysian Ringgit Coin via Gate by following the steps on <0>how to buy MYRC once you have funded your account.

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