Question 1

What determines the price movement of Sumokoin (SUMO)?

Accepted Answer

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

Question 2

What is the highest price of Sumokoin price in history?

Accepted Answer

Sumokoin achieved the all-time high of 11.2 in 2017-12-29, and is currently trading at 0.00105105.

Question 3

What is the lowest price of Sumokoin price in history?

Accepted Answer

Sumokoin reached its all-time low of  0.00000321 on 2022-04-13.

Question 4

What is the current market cap of Sumokoin?

Accepted Answer

The current market cap of Sumokoin is  69206.29580277645, as 65844912.99441174 SUMO is trading at the price of 0.00105105.

Question 5

How many Sumokoin are there in the market?

Accepted Answer

There are currently 65844912.99441174 SUMO circulating in the market. These Sumokoin can be actively traded or used in the open market.

Question 6

What is the maximum supply of Sumokoin?

Accepted Answer

The maximum supply of SUMO is 88888888 , 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 Sumokoin?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Sumokoin is 93426.665732400. The FDV is calculated taking the assumption that all supply of Sumokoin is circulation, multiplied by its current price of  0.00105105.

Question 8

What is the price prediction of Sumokoin ?

Accepted Answer

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

Accepted Answer

Sumokoin 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 Sumokoin 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 Sumokoin.

Question 10

How to buy Sumokoin?

Accepted Answer

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

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