Question 1

What determines the price movement of Ray Network (XRAY)?

Accepted Answer

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

Question 2

What is the highest price of Ray Network price in history?

Accepted Answer

Ray Network achieved the all-time high of 35570 in 2022-09-30, and is currently trading at 0.00220729.

Question 3

What is the lowest price of Ray Network price in history?

Accepted Answer

Ray Network reached its all-time low of  0.00022545 on 2024-11-19.

Question 4

What is the current market cap of Ray Network?

Accepted Answer

The current market cap of Ray Network is  , as  XRAY is trading at the price of 0.00220729.

Question 5

How many Ray Network are there in the market?

Accepted Answer

There are currently  XRAY circulating in the market. These Ray Network can be actively traded or used in the open market.

Question 6

What is the maximum supply of Ray Network?

Accepted Answer

The maximum supply of XRAY 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 Ray Network?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Ray Network is 717197.611129600. The FDV is calculated taking the assumption that all supply of Ray Network is circulation, multiplied by its current price of  0.00220729.

Question 8

What is the price prediction of Ray Network ?

Accepted Answer

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

Accepted Answer

Ray Network 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 Ray Network 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 Ray Network.

Question 10

How to buy Ray Network?

Accepted Answer

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

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