Question 1

What determines the price movement of Canary Dollar (CAND)?

Accepted Answer

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

Question 2

What is the highest price of Canary Dollar price in history?

Accepted Answer

Canary Dollar achieved the all-time high of 1.037 in 2022-06-10, and is currently trading at 0.144106.

Question 3

What is the lowest price of Canary Dollar price in history?

Accepted Answer

Canary Dollar reached its all-time low of  0.143577 on 2024-04-19.

Question 4

What is the current market cap of Canary Dollar?

Accepted Answer

The current market cap of Canary Dollar is  1360342.62675, as 9439875 CAND is trading at the price of 0.144106.

Question 5

How many Canary Dollar are there in the market?

Accepted Answer

There are currently 9439875 CAND circulating in the market. These Canary Dollar can be actively traded or used in the open market.

Question 6

What is the maximum supply of Canary Dollar?

Accepted Answer

The maximum supply of CAND 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 Canary Dollar?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Canary Dollar is 1495291.5550860. The FDV is calculated taking the assumption that all supply of Canary Dollar is circulation, multiplied by its current price of  0.144106.

Question 8

What is the price prediction of Canary Dollar ?

Accepted Answer

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

Accepted Answer

Canary Dollar 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 Canary Dollar 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 Canary Dollar.

Question 10

How to buy Canary Dollar?

Accepted Answer

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

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