Question 1

What determines the price movement of Shiba Punkz (SPUNK)?

Accepted Answer

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

Question 2

What is the highest price of Shiba Punkz price in history?

Accepted Answer

Shiba Punkz achieved the all-time high of 0.944422 in 2022-10-06, and is currently trading at 0.0143844.

Question 3

What is the lowest price of Shiba Punkz price in history?

Accepted Answer

Shiba Punkz reached its all-time low of  0.0164698 on 2023-02-12.

Question 4

What is the current market cap of Shiba Punkz?

Accepted Answer

The current market cap of Shiba Punkz is  13390.6824948, as 930917 SPUNK is trading at the price of 0.0143844.

Question 5

How many Shiba Punkz are there in the market?

Accepted Answer

There are currently 930917 SPUNK circulating in the market. These Shiba Punkz can be actively traded or used in the open market.

Question 6

What is the maximum supply of Shiba Punkz?

Accepted Answer

The maximum supply of SPUNK is 1000000 , 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 Shiba Punkz?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Shiba Punkz is 14384.40000000. The FDV is calculated taking the assumption that all supply of Shiba Punkz is circulation, multiplied by its current price of  0.0143844.

Question 8

What is the price prediction of Shiba Punkz ?

Accepted Answer

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

Accepted Answer

Shiba Punkz 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 Shiba Punkz 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 Shiba Punkz.

Question 10

How to buy Shiba Punkz?

Accepted Answer

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

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