Question 1

What determines the price movement of Prophet (PROPHET)?

Accepted Answer

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

Question 2

What is the highest price of Prophet price in history?

Accepted Answer

Prophet achieved the all-time high of 35.58 in 2024-03-25, and is currently trading at 17.66.

Question 3

What is the lowest price of Prophet price in history?

Accepted Answer

Prophet reached its all-time low of  0.755414 on 2023-09-29.

Question 4

What is the current market cap of Prophet?

Accepted Answer

The current market cap of Prophet is  , as  PROPHET is trading at the price of 17.66.

Question 5

How many Prophet are there in the market?

Accepted Answer

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

Question 6

What is the maximum supply of Prophet?

Accepted Answer

The maximum supply of PROPHET is ∞ , 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 Prophet?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Prophet is 17660000.000. The FDV is calculated taking the assumption that all supply of Prophet is circulation, multiplied by its current price of  17.66.

Question 8

What is the price prediction of Prophet ?

Accepted Answer

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

Accepted Answer

Prophet 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 Prophet 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 Prophet.

Question 10

How to buy Prophet?

Accepted Answer

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

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