Magic Beasties (BSTS) FAQ

Question 1

What determines the price movement of Magic Beasties (BSTS)?

Accepted Answer

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

Question 2

What is the highest price of Magic Beasties price in history?

Accepted Answer

Magic Beasties achieved the all-time high of 0.00006481 in 2021-11-15, and is currently trading at 0.000000285401.

Question 3

What is the lowest price of Magic Beasties price in history?

Accepted Answer

Magic Beasties reached its all-time low of  0.000000000600621 on 2021-09-18.

Question 4

What is the current market cap of Magic Beasties?

Accepted Answer

The current market cap of Magic Beasties is  285401.0, as 1000000000000 BSTS is trading at the price of 0.000000285401.

Question 5

How many Magic Beasties are there in the market?

Accepted Answer

There are currently 1000000000000 BSTS circulating in the market. These Magic Beasties can be actively traded or used in the open market.

Question 6

What is the maximum supply of Magic Beasties?

Accepted Answer

The maximum supply of BSTS is 1000000000000 , 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 Magic Beasties?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Magic Beasties is 285401.0000000000000. The FDV is calculated taking the assumption that all supply of Magic Beasties is circulation, multiplied by its current price of  0.000000285401.

Question 8

What is the price prediction of Magic Beasties ?

Accepted Answer

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

Accepted Answer

Magic Beasties 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 Magic Beasties 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 Magic Beasties.

Question 10

How to buy Magic Beasties?

Accepted Answer

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

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