Question 1

What determines the price movement of ENKI Protocol (ENKI)?

Accepted Answer

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

Question 2

What is the highest price of ENKI Protocol price in history?

Accepted Answer

ENKI Protocol achieved the all-time high of 18.38 in 2024-04-22, and is currently trading at 1.49.

Question 3

What is the lowest price of ENKI Protocol price in history?

Accepted Answer

ENKI Protocol reached its all-time low of  1.37 on 2025-05-06.

Question 4

What is the current market cap of ENKI Protocol?

Accepted Answer

The current market cap of ENKI Protocol is  223500.0, as 150000 ENKI is trading at the price of 1.49.

Question 5

How many ENKI Protocol are there in the market?

Accepted Answer

There are currently 150000 ENKI circulating in the market. These ENKI Protocol can be actively traded or used in the open market.

Question 6

What is the maximum supply of ENKI Protocol?

Accepted Answer

The maximum supply of ENKI is 10000000 , 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 ENKI Protocol?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of ENKI Protocol is 14900000.000. The FDV is calculated taking the assumption that all supply of ENKI Protocol is circulation, multiplied by its current price of  1.49.

Question 8

What is the price prediction of ENKI Protocol ?

Accepted Answer

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

Accepted Answer

ENKI Protocol 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 ENKI Protocol 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 ENKI Protocol.

Question 10

How to buy ENKI Protocol?

Accepted Answer

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

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