Question 1

What determines the price movement of SUMI (SUMI)?

Accepted Answer

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

Question 2

What is the highest price of SUMI price in history?

Accepted Answer

SUMI achieved the all-time high of  in --, and is currently trading at .

Question 3

What is the lowest price of SUMI price in history?

Accepted Answer

SUMI reached its all-time low of   on --.

Question 4

What is the current market cap of SUMI?

Accepted Answer

The current market cap of SUMI is  , as  SUMI is trading at the price of .

Question 5

How many SUMI are there in the market?

Accepted Answer

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

Question 6

What is the maximum supply of SUMI?

Accepted Answer

The maximum supply of SUMI 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 SUMI?

Accepted Answer

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

Question 8

What is the price prediction of SUMI ?

Accepted Answer

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

Accepted Answer

SUMI 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 SUMI 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 SUMI.

Question 10

How to buy SUMI?

Accepted Answer

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

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