Monkeys Token (MONKEYS) FAQ

Question 1

What determines the price movement of Monkeys Token (MONKEYS)?

Accepted Answer

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

Question 2

What is the highest price of Monkeys Token price in history?

Accepted Answer

Monkeys Token achieved the all-time high of 0.00007962 in 2023-05-16, and is currently trading at 0.000000340065.

Question 3

What is the lowest price of Monkeys Token price in history?

Accepted Answer

Monkeys Token reached its all-time low of  0.000000171938 on 2023-10-18.

Question 4

What is the current market cap of Monkeys Token?

Accepted Answer

The current market cap of Monkeys Token is  170032.5, as 500000000000 MONKEYS is trading at the price of 0.000000340065.

Question 5

How many Monkeys Token are there in the market?

Accepted Answer

There are currently 500000000000 MONKEYS circulating in the market. These Monkeys Token can be actively traded or used in the open market.

Question 6

What is the maximum supply of Monkeys Token?

Accepted Answer

The maximum supply of MONKEYS 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 Monkeys Token?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Monkeys Token is 170032.5000000000000. The FDV is calculated taking the assumption that all supply of Monkeys Token is circulation, multiplied by its current price of  0.000000340065.

Question 8

What is the price prediction of Monkeys Token ?

Accepted Answer

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

Accepted Answer

Monkeys Token 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 Monkeys Token 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 Monkeys Token.

Question 10

How to buy Monkeys Token?

Accepted Answer

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

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