Question 1

What determines the price movement of Skey Network (SKEY)?

Accepted Answer

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

Question 2

What is the highest price of Skey Network price in history?

Accepted Answer

Skey Network achieved the all-time high of 0.55817 in 2021-03-19, and is currently trading at 0.01007506.

Question 3

What is the lowest price of Skey Network price in history?

Accepted Answer

Skey Network reached its all-time low of  0.00802851 on 2022-05-17.

Question 4

What is the current market cap of Skey Network?

Accepted Answer

The current market cap of Skey Network is  7384025.96193628, as 732901438 SKEY is trading at the price of 0.01007506.

Question 5

How many Skey Network are there in the market?

Accepted Answer

There are currently 732901438 SKEY circulating in the market. These Skey Network can be actively traded or used in the open market.

Question 6

What is the maximum supply of Skey Network?

Accepted Answer

The maximum supply of SKEY is 1000000000 , 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 Skey Network?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Skey Network is 10075060.000000000. The FDV is calculated taking the assumption that all supply of Skey Network is circulation, multiplied by its current price of  0.01007506.

Question 8

What is the price prediction of Skey Network ?

Accepted Answer

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

Accepted Answer

Skey Network 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 Skey Network 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 Skey Network.

Question 10

How to buy Skey Network?

Accepted Answer

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

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About Skey Network (SKEY)

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