Multichain Price

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

Multichain achieved the all-time high of $33.64 in 2022-01-14, and is currently trading at $0.5935.

Multichain reached its all-time low of $0.09381 on 2024-09-01.

The current market cap of Multichain is $8.63M, as 14.54M MULTI is trading at the price of $0.5935.

There are currently 14.54M MULTI circulating in the market. These Multichain can be actively traded or used in the open market.

The maximum supply of MULTI is 100M , 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 Multichain is $59.35M. The FDV is calculated taking the assumption that all supply of Multichain is circulation, multiplied by its current price of $0.5935.

Using an algorithm to automatically identify historical data trends, this Multichain 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.

Multichain 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 Multichain 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 Multichain.

You can buy Multichain via Gate.io by following the steps on how to buy MULTI once you have funded your account.