Question 1

What determines the price movement of Utility Ape ($BANANA)?

Accepted Answer

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

Question 2

What is the highest price of Utility Ape price in history?

Accepted Answer

Utility Ape achieved the all-time high of  in --, and is currently trading at 0.

Question 3

What is the lowest price of Utility Ape price in history?

Accepted Answer

Utility Ape reached its all-time low of   on --.

Question 4

What is the current market cap of Utility Ape?

Accepted Answer

The current market cap of Utility Ape is  , as  $BANANA is trading at the price of 0.

Question 5

How many Utility Ape are there in the market?

Accepted Answer

There are currently  $BANANA circulating in the market. These Utility Ape can be actively traded or used in the open market.

Question 6

What is the maximum supply of Utility Ape?

Accepted Answer

The maximum supply of $BANANA is 1000000 , 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 Utility Ape?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Utility Ape is --. The FDV is calculated taking the assumption that all supply of Utility Ape is circulation, multiplied by its current price of  0.

Question 8

What is the price prediction of Utility Ape ?

Accepted Answer

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

Accepted Answer

Utility Ape 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 Utility Ape 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 Utility Ape.

Question 10

How to buy Utility Ape?

Accepted Answer

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

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About Utility Ape ($BANANA)

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