Question 1

What determines the price movement of Data Lake (LAKE)?

Accepted Answer

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

Question 2

What is the highest price of Data Lake price in history?

Accepted Answer

Data Lake achieved the all-time high of 0.04781821 in 2024-02-29, and is currently trading at 0.0013114.

Question 3

What is the lowest price of Data Lake price in history?

Accepted Answer

Data Lake reached its all-time low of  0.00104157 on 2023-11-03.

Question 4

What is the current market cap of Data Lake?

Accepted Answer

The current market cap of Data Lake is  2010551.6605303737, as 1533133796.3477 LAKE is trading at the price of 0.0013114.

Question 5

How many Data Lake are there in the market?

Accepted Answer

There are currently 1533133796.3477 LAKE circulating in the market. These Data Lake can be actively traded or used in the open market.

Question 6

What is the maximum supply of Data Lake?

Accepted Answer

The maximum supply of LAKE is 7500000000 , 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 Data Lake?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Data Lake is 9835500.00000000. The FDV is calculated taking the assumption that all supply of Data Lake is circulation, multiplied by its current price of  0.0013114.

Question 8

What is the price prediction of Data Lake ?

Accepted Answer

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

Accepted Answer

Data Lake 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 Data Lake 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 Data Lake.

Question 10

How to buy Data Lake?

Accepted Answer

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

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