Question 1

What determines the price movement of EDDASwap (EDDA)?

Accepted Answer

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

Question 2

What is the highest price of EDDASwap price in history?

Accepted Answer

EDDASwap achieved the all-time high of 5911.17 in 2021-03-15, and is currently trading at 12.32.

Question 3

What is the lowest price of EDDASwap price in history?

Accepted Answer

EDDASwap reached its all-time low of  12.11 on 2024-08-22.

Question 4

What is the current market cap of EDDASwap?

Accepted Answer

The current market cap of EDDASwap is  61600.0, as 5000 EDDA is trading at the price of 12.32.

Question 5

How many EDDASwap are there in the market?

Accepted Answer

There are currently 5000 EDDA circulating in the market. These EDDASwap can be actively traded or used in the open market.

Question 6

What is the maximum supply of EDDASwap?

Accepted Answer

The maximum supply of EDDA is 5000 , 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 EDDASwap?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of EDDASwap is 61600.000. The FDV is calculated taking the assumption that all supply of EDDASwap is circulation, multiplied by its current price of  12.32.

Question 8

What is the price prediction of EDDASwap ?

Accepted Answer

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

Accepted Answer

EDDASwap 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 EDDASwap 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 EDDASwap.

Question 10

How to buy EDDASwap?

Accepted Answer

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

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