Question 1

What determines the price movement of Rencom Network (RNT)?

Accepted Answer

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

Question 2

What is the highest price of Rencom Network price in history?

Accepted Answer

Rencom Network achieved the all-time high of 1.27 in 2023-11-04, and is currently trading at 0.0139991.

Question 3

What is the lowest price of Rencom Network price in history?

Accepted Answer

Rencom Network reached its all-time low of  0.00148915 on 2024-06-10.

Question 4

What is the current market cap of Rencom Network?

Accepted Answer

The current market cap of Rencom Network is  , as  RNT is trading at the price of 0.0139991.

Question 5

How many Rencom Network are there in the market?

Accepted Answer

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

Question 6

What is the maximum supply of Rencom Network?

Accepted Answer

The maximum supply of RNT is 100000000 , 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 Rencom Network?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Rencom Network is 1399910.00000000. The FDV is calculated taking the assumption that all supply of Rencom Network is circulation, multiplied by its current price of  0.0139991.

Question 8

What is the price prediction of Rencom Network ?

Accepted Answer

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

Accepted Answer

Rencom Network 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 Rencom Network 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 Rencom Network.

Question 10

How to buy Rencom Network?

Accepted Answer

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

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