ElonDoge DAO (EDAO) FAQ

Question 1

What determines the price movement of ElonDoge DAO (EDAO)?

Accepted Answer

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

Question 2

What is the highest price of ElonDoge DAO price in history?

Accepted Answer

ElonDoge DAO achieved the all-time high of 139.84 in 2021-11-01, and is currently trading at 0.408055.

Question 3

What is the lowest price of ElonDoge DAO price in history?

Accepted Answer

ElonDoge DAO reached its all-time low of  0.330901 on 2024-07-07.

Question 4

What is the current market cap of ElonDoge DAO?

Accepted Answer

The current market cap of ElonDoge DAO is  816.11, as 2000 EDAO is trading at the price of 0.408055.

Question 5

How many ElonDoge DAO are there in the market?

Accepted Answer

There are currently 2000 EDAO circulating in the market. These ElonDoge DAO can be actively traded or used in the open market.

Question 6

What is the maximum supply of ElonDoge DAO?

Accepted Answer

The maximum supply of EDAO is 100000 , 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 ElonDoge DAO?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of ElonDoge DAO is 40805.5000000. The FDV is calculated taking the assumption that all supply of ElonDoge DAO is circulation, multiplied by its current price of  0.408055.

Question 8

What is the price prediction of ElonDoge DAO ?

Accepted Answer

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

Accepted Answer

ElonDoge DAO 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 ElonDoge DAO 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 ElonDoge DAO.

Question 10

How to buy ElonDoge DAO?

Accepted Answer

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

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