DEFY (DEFY) FAQ

Question 1

What determines the price movement of DEFY (DEFY)?

Accepted Answer

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

Question 2

What is the highest price of DEFY price in history?

Accepted Answer

DEFY achieved the all-time high of 0.02844872 in 2022-08-16, and is currently trading at 0.00001815.

Question 3

What is the lowest price of DEFY price in history?

Accepted Answer

DEFY reached its all-time low of  0.00001183 on 2024-09-12.

Question 4

What is the current market cap of DEFY?

Accepted Answer

The current market cap of DEFY is  13120.947071100001, as 722917194 DEFY is trading at the price of 0.00001815.

Question 5

How many DEFY are there in the market?

Accepted Answer

There are currently 722917194 DEFY circulating in the market. These DEFY can be actively traded or used in the open market.

Question 6

What is the maximum supply of DEFY?

Accepted Answer

The maximum supply of DEFY is 2500000000 , 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 DEFY?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of DEFY is 45375.000000000. The FDV is calculated taking the assumption that all supply of DEFY is circulation, multiplied by its current price of  0.00001815.

Question 8

What is the price prediction of DEFY ?

Accepted Answer

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

Accepted Answer

DEFY 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 DEFY 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 DEFY.

Question 10

How to buy DEFY?

Accepted Answer

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

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