Question 1

What determines the price movement of SkyToken (SKY)?

Accepted Answer

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

Question 2

What is the highest price of SkyToken price in history?

Accepted Answer

SkyToken achieved the all-time high of 0.267555 in 2023-05-03, and is currently trading at 0.0444286.

Question 3

What is the lowest price of SkyToken price in history?

Accepted Answer

SkyToken reached its all-time low of  0.0125866 on 2023-12-22.

Question 4

What is the current market cap of SkyToken?

Accepted Answer

The current market cap of SkyToken is  488714.6, as 11000000 SKY is trading at the price of 0.0444286.

Question 5

How many SkyToken are there in the market?

Accepted Answer

There are currently 11000000 SKY circulating in the market. These SkyToken can be actively traded or used in the open market.

Question 6

What is the maximum supply of SkyToken?

Accepted Answer

The maximum supply of SKY is 37500000 , 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 SkyToken?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of SkyToken is 1666072.50000000. The FDV is calculated taking the assumption that all supply of SkyToken is circulation, multiplied by its current price of  0.0444286.

Question 8

What is the price prediction of SkyToken ?

Accepted Answer

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

Accepted Answer

SkyToken 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 SkyToken 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 SkyToken.

Question 10

How to buy SkyToken?

Accepted Answer

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

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