BENQI Liquid Staked AVAX PriceSAVAX

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

BENQI Liquid Staked AVAX achieved the all-time high of $103.55 in 2022-04-02, and is currently trading at $22.33.

SAVAX reached its all-time low of $9.25 on 2023-09-14.

The current market cap of BENQI Liquid Staked AVAX is $173.59M, as 7.77M SAVAX is trading at the price of $22.33.

There are currently 7.77M SAVAX circulating in the market. These BENQI Liquid Staked AVAX can be actively traded or used in the open market.

The maximum supply of SAVAX is ∞ , 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 BENQI Liquid Staked AVAX is $173.59M. The FDV is calculated taking the assumption that all supply of BENQI Liquid Staked AVAX is circulation, multiplied by its current price of $22.33.

Using an algorithm to automatically identify historical data trends, this BENQI Liquid Staked AVAX 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.

BENQI Liquid Staked AVAX 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 BENQI Liquid Staked AVAX 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 BENQI Liquid Staked AVAX.

You can buy BENQI Liquid Staked AVAX via Gate.io by following the steps on how to buy SAVAX once you have funded your account.