Question 1

What determines the price movement of Socrates (SOC)?

Accepted Answer

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

Question 2

What is the highest price of Socrates price in history?

Accepted Answer

Socrates achieved the all-time high of 0.776892 in 2024-01-30, and is currently trading at 0.057828.

Question 3

What is the lowest price of Socrates price in history?

Accepted Answer

Socrates reached its all-time low of  0.00331547 on 2024-10-14.

Question 4

What is the current market cap of Socrates?

Accepted Answer

The current market cap of Socrates is  33713724.0, as 583000000 SOC is trading at the price of 0.057828.

Question 5

How many Socrates are there in the market?

Accepted Answer

There are currently 583000000 SOC circulating in the market. These Socrates can be actively traded or used in the open market.

Question 6

What is the maximum supply of Socrates?

Accepted Answer

The maximum supply of SOC is 583000000 , 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 Socrates?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Socrates is 33713724.0000000. The FDV is calculated taking the assumption that all supply of Socrates is circulation, multiplied by its current price of  0.057828.

Question 8

What is the price prediction of Socrates ?

Accepted Answer

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

Accepted Answer

Socrates 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 Socrates 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 Socrates.

Question 10

How to buy Socrates?

Accepted Answer

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

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