MUX Protocol Price

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

MUX Protocol achieved the all-time high of $68.36 in 2021-10-17, and is currently trading at $2.42.

MUX Protocol reached its all-time low of $0.9114 on 2020-10-30.

The current market cap of MUX Protocol is $9.2M, as 3.8M MCB is trading at the price of $2.42.

There are currently 3.8M MCB circulating in the market. These MUX Protocol can be actively traded or used in the open market.

The maximum supply of MCB is 4.8M , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of MUX Protocol is $11.62M. The FDV is calculated taking the assumption that all supply of MUX Protocol is circulation, multiplied by its current price of $2.42.

Using an algorithm to automatically identify historical data trends, this MUX Protocol 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.

MUX Protocol 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 MUX Protocol 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 do your own research (DYOR) before investing in MUX Protocol.

You can buy MUX Protocol via Gate.io by following the steps on how to buy MCB once you have funded your account.