Question 1

What determines the price movement of Defily (DFL)?

Accepted Answer

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

Question 2

What is the highest price of Defily price in history?

Accepted Answer

Defily achieved the all-time high of 0.0298603 in 2021-09-10, and is currently trading at 0.00007567.

Question 3

What is the lowest price of Defily price in history?

Accepted Answer

Defily reached its all-time low of  0.00006387 on 2023-06-20.

Question 4

What is the current market cap of Defily?

Accepted Answer

The current market cap of Defily is  30857.28685963, as 407787589 DFL is trading at the price of 0.00007567.

Question 5

How many Defily are there in the market?

Accepted Answer

There are currently 407787589 DFL circulating in the market. These Defily can be actively traded or used in the open market.

Question 6

What is the maximum supply of Defily?

Accepted Answer

The maximum supply of DFL is ∞ , 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 Defily?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Defily is 75670.000000000. The FDV is calculated taking the assumption that all supply of Defily is circulation, multiplied by its current price of  0.00007567.

Question 8

What is the price prediction of Defily ?

Accepted Answer

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

Accepted Answer

Defily 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 Defily 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 Defily.

Question 10

How to buy Defily?

Accepted Answer

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

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