Question 1

What determines the price movement of xShrap (XSHRAP)?

Accepted Answer

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

Question 2

What is the highest price of xShrap price in history?

Accepted Answer

xShrap achieved the all-time high of 105.27 in 2023-03-19, and is currently trading at 19.53.

Question 3

What is the lowest price of xShrap price in history?

Accepted Answer

xShrap reached its all-time low of  16.33 on 2024-01-23.

Question 4

What is the current market cap of xShrap?

Accepted Answer

The current market cap of xShrap is  , as  XSHRAP is trading at the price of 19.53.

Question 5

How many xShrap are there in the market?

Accepted Answer

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

Question 6

What is the maximum supply of xShrap?

Accepted Answer

The maximum supply of XSHRAP is 9964 , 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 xShrap?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of xShrap is 194596.920. The FDV is calculated taking the assumption that all supply of xShrap is circulation, multiplied by its current price of  19.53.

Question 8

What is the price prediction of xShrap ?

Accepted Answer

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

Accepted Answer

xShrap 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 xShrap 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 xShrap.

Question 10

How to buy xShrap?

Accepted Answer

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

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