Question 1

What determines the price movement of Digix Gold (DGX)?

Accepted Answer

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

Question 2

What is the highest price of Digix Gold price in history?

Accepted Answer

Digix Gold achieved the all-time high of 207.4 in 2021-02-13, and is currently trading at 18.08.

Question 3

What is the lowest price of Digix Gold price in history?

Accepted Answer

Digix Gold reached its all-time low of  0.0000044 on 2021-10-09.

Question 4

What is the current market cap of Digix Gold?

Accepted Answer

The current market cap of Digix Gold is  278432.0, as 15400 DGX is trading at the price of 18.08.

Question 5

How many Digix Gold are there in the market?

Accepted Answer

There are currently 15400 DGX circulating in the market. These Digix Gold can be actively traded or used in the open market.

Question 6

What is the maximum supply of Digix Gold?

Accepted Answer

The maximum supply of DGX 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 Digix Gold?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Digix Gold is 278432.000. The FDV is calculated taking the assumption that all supply of Digix Gold is circulation, multiplied by its current price of  18.08.

Question 8

What is the price prediction of Digix Gold ?

Accepted Answer

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

Accepted Answer

Digix Gold 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 Digix Gold 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 Digix Gold.

Question 10

How to buy Digix Gold?

Accepted Answer

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

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