Question 1

What determines the price movement of UBIT (UBIT)?

Accepted Answer

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

Question 2

What is the highest price of UBIT price in history?

Accepted Answer

UBIT achieved the all-time high of 0.762914 in 2024-12-04, and is currently trading at 0.0229977.

Question 3

What is the lowest price of UBIT price in history?

Accepted Answer

UBIT reached its all-time low of  0.0150269 on 2024-12-02.

Question 4

What is the current market cap of UBIT?

Accepted Answer

The current market cap of UBIT is  , as  UBIT is trading at the price of 0.0229977.

Question 5

How many UBIT are there in the market?

Accepted Answer

There are currently  UBIT circulating in the market. These UBIT can be actively traded or used in the open market.

Question 6

What is the maximum supply of UBIT?

Accepted Answer

The maximum supply of UBIT is 990000000 , 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 UBIT?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of UBIT is 22767723.00000000. The FDV is calculated taking the assumption that all supply of UBIT is circulation, multiplied by its current price of  0.0229977.

Question 8

What is the price prediction of UBIT ?

Accepted Answer

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

Accepted Answer

UBIT 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 UBIT 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 UBIT.

Question 10

How to buy UBIT?

Accepted Answer

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

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