Dymmax (DMX) FAQ

Question 1

What determines the price movement of Dymmax (DMX)?

Accepted Answer

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

Question 2

What is the highest price of Dymmax price in history?

Accepted Answer

Dymmax achieved the all-time high of 1.86 in 2021-02-21, and is currently trading at 0.057016.

Question 3

What is the lowest price of Dymmax price in history?

Accepted Answer

Dymmax reached its all-time low of  0.00074979 on 2022-05-14.

Question 4

What is the current market cap of Dymmax?

Accepted Answer

The current market cap of Dymmax is  , as  DMX is trading at the price of 0.057016.

Question 5

How many Dymmax are there in the market?

Accepted Answer

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

Question 6

What is the maximum supply of Dymmax?

Accepted Answer

The maximum supply of DMX is 10000000 , 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 Dymmax?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Dymmax is 570160.0000000. The FDV is calculated taking the assumption that all supply of Dymmax is circulation, multiplied by its current price of  0.057016.

Question 8

What is the price prediction of Dymmax ?

Accepted Answer

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

Accepted Answer

Dymmax 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 Dymmax 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 Dymmax.

Question 10

How to buy Dymmax?

Accepted Answer

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

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