Question 1

What determines the price movement of Synapse Network (OLD) (SNP)?

Accepted Answer

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

Question 2

What is the highest price of Synapse Network (OLD) price in history?

Accepted Answer

Synapse Network (OLD) achieved the all-time high of 0.775824 in 2021-12-01, and is currently trading at 0.0300578.

Question 3

What is the lowest price of Synapse Network (OLD) price in history?

Accepted Answer

Synapse Network (OLD) reached its all-time low of  0.00581024 on 2023-10-01.

Question 4

What is the current market cap of Synapse Network (OLD)?

Accepted Answer

The current market cap of Synapse Network (OLD) is  5348364.7008, as 177936000 SNP is trading at the price of 0.0300578.

Question 5

How many Synapse Network (OLD) are there in the market?

Accepted Answer

There are currently 177936000 SNP circulating in the market. These Synapse Network (OLD) can be actively traded or used in the open market.

Question 6

What is the maximum supply of Synapse Network (OLD)?

Accepted Answer

The maximum supply of SNP is 500000000 , 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 Synapse Network (OLD)?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Synapse Network (OLD) is 15028900.00000000. The FDV is calculated taking the assumption that all supply of Synapse Network (OLD) is circulation, multiplied by its current price of  0.0300578.

Question 8

What is the price prediction of Synapse Network (OLD) ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Synapse Network (OLD) 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 Synapse Network (OLD) a good investment?

Accepted Answer

Synapse Network (OLD) 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 Synapse Network (OLD) 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 Synapse Network (OLD).

Question 10

How to buy Synapse Network (OLD)?

Accepted Answer

You can buy Synapse Network (OLD) via Gate by following the steps on <0>how to buy SNP once you have funded your account.

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