Question 1

What determines the price movement of Mycelium (MYC)?

Accepted Answer

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

Question 2

What is the highest price of Mycelium price in history?

Accepted Answer

Mycelium achieved the all-time high of 0.196011 in 2022-08-16, and is currently trading at 0.00029989.

Question 3

What is the lowest price of Mycelium price in history?

Accepted Answer

Mycelium reached its all-time low of  0.00001528 on 2022-08-16.

Question 4

What is the current market cap of Mycelium?

Accepted Answer

The current market cap of Mycelium is  170488.36466999998, as 568503000 MYC is trading at the price of 0.00029989.

Question 5

How many Mycelium are there in the market?

Accepted Answer

There are currently 568503000 MYC circulating in the market. These Mycelium can be actively traded or used in the open market.

Question 6

What is the maximum supply of Mycelium?

Accepted Answer

The maximum supply of MYC is 1000000000 , 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 Mycelium?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Mycelium is 299890.000000000. The FDV is calculated taking the assumption that all supply of Mycelium is circulation, multiplied by its current price of  0.00029989.

Question 8

What is the price prediction of Mycelium ?

Accepted Answer

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

Accepted Answer

Mycelium 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 Mycelium 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 Mycelium.

Question 10

How to buy Mycelium?

Accepted Answer

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

Mycelium Price

Mycelium(MYC) Price Live Chart

Mycelium(MYC) Price Today

MYC Price Data

MYC Market Cap Infos

MYC Supply

Mycelium(MYC) Credibility Indicators

Mycelium(MYC) to Local currency Converter

About Mycelium (MYC)

Mycelium (MYC) Investors

Blogs You May Like about Mycelium(MYC)

Solscan 2025: Unlocking Solana’s Blockchain Transparency

What Is PROM? PROM Token Explained & Its Role in the Crypto Market

SLP Price Today: Market Action, Technical Trends, and 2025 Outlook

Notcoin Price Today: Sentiment, Speculation & 2025 Outlook