Mountain Protocol USD (USDM) FAQ

Question 1

What determines the price movement of Mountain Protocol USD (USDM)?

Accepted Answer

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

Question 2

What is the highest price of Mountain Protocol USD price in history?

Accepted Answer

Mountain Protocol USD achieved the all-time high of 1.16 in 2024-08-20, and is currently trading at 0.79876.

Question 3

What is the lowest price of Mountain Protocol USD price in history?

Accepted Answer

Mountain Protocol USD reached its all-time low of  0.542481 on 2024-08-14.

Question 4

What is the current market cap of Mountain Protocol USD?

Accepted Answer

The current market cap of Mountain Protocol USD is  38340879.8912064, as 48000500.64 USDM is trading at the price of 0.79876.

Question 5

How many Mountain Protocol USD are there in the market?

Accepted Answer

There are currently 48000500.64 USDM circulating in the market. These Mountain Protocol USD can be actively traded or used in the open market.

Question 6

What is the maximum supply of Mountain Protocol USD?

Accepted Answer

The maximum supply of USDM 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 Mountain Protocol USD?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Mountain Protocol USD is 38340879.8912064. The FDV is calculated taking the assumption that all supply of Mountain Protocol USD is circulation, multiplied by its current price of  0.79876.

Question 8

What is the price prediction of Mountain Protocol USD ?

Accepted Answer

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

Accepted Answer

Mountain Protocol USD 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 Mountain Protocol USD 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 Mountain Protocol USD.

Question 10

How to buy Mountain Protocol USD?

Accepted Answer

You can buy Mountain Protocol USD via Gate by following the steps on <0>how to buy USDM once you have funded your account.

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