Question 1

What determines the price movement of MIM (SWARM)?

Accepted Answer

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

Question 2

What is the highest price of MIM price in history?

Accepted Answer

MIM achieved the all-time high of 0.0112958 in 2021-11-13, and is currently trading at 0.000000996083.

Question 3

What is the lowest price of MIM price in history?

Accepted Answer

MIM reached its all-time low of  0.000000002331 on 2022-07-14.

Question 4

What is the current market cap of MIM?

Accepted Answer

The current market cap of MIM is  2143.3713994, as 2151800000 SWARM is trading at the price of 0.000000996083.

Question 5

How many MIM are there in the market?

Accepted Answer

There are currently 2151800000 SWARM circulating in the market. These MIM can be actively traded or used in the open market.

Question 6

What is the maximum supply of MIM?

Accepted Answer

The maximum supply of SWARM is 5000000000 , 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 MIM?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of MIM is 4980.4150000000000. The FDV is calculated taking the assumption that all supply of MIM is circulation, multiplied by its current price of  0.000000996083.

Question 8

What is the price prediction of MIM ?

Accepted Answer

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

Accepted Answer

MIM 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 MIM 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 MIM.

Question 10

How to buy MIM?

Accepted Answer

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

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