DragonChain (DRGN) FAQ

Question 1

What determines the price movement of DragonChain (DRGN)?

Accepted Answer

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

Question 2

What is the highest price of DragonChain price in history?

Accepted Answer

DragonChain achieved the all-time high of 5.46 in 2018-01-09, and is currently trading at 0.01364849.

Question 3

What is the lowest price of DragonChain price in history?

Accepted Answer

DragonChain reached its all-time low of  0.00515106 on 2023-05-10.

Question 4

What is the current market cap of DragonChain?

Accepted Answer

The current market cap of DragonChain is  5030027.209808845, as 368540930.8875081 DRGN is trading at the price of 0.01364849.

Question 5

How many DragonChain are there in the market?

Accepted Answer

There are currently 368540930.8875081 DRGN circulating in the market. These DragonChain can be actively traded or used in the open market.

Question 6

What is the maximum supply of DragonChain?

Accepted Answer

The maximum supply of DRGN is 433494437 , 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 DragonChain?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of DragonChain is 5916544.488450130. The FDV is calculated taking the assumption that all supply of DragonChain is circulation, multiplied by its current price of  0.01364849.

Question 8

What is the price prediction of DragonChain ?

Accepted Answer

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

Accepted Answer

DragonChain 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 DragonChain 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 DragonChain.

Question 10

How to buy DragonChain?

Accepted Answer

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

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