Question 1

What determines the price movement of BENQI Liquid Staked AVAX (SAVAX)?

Accepted Answer

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

Question 2

What is the highest price of BENQI Liquid Staked AVAX price in history?

Accepted Answer

BENQI Liquid Staked AVAX achieved the all-time high of 103.55 in 2022-04-02, and is currently trading at 22.14.

Question 3

What is the lowest price of BENQI Liquid Staked AVAX price in history?

Accepted Answer

BENQI Liquid Staked AVAX reached its all-time low of  9.25 on 2023-09-14.

Question 4

What is the current market cap of BENQI Liquid Staked AVAX?

Accepted Answer

The current market cap of BENQI Liquid Staked AVAX is  246049489.40200767, as 11113346.40478806 SAVAX is trading at the price of 22.14.

Question 5

How many BENQI Liquid Staked AVAX are there in the market?

Accepted Answer

There are currently 11113346.40478806 SAVAX circulating in the market. These BENQI Liquid Staked AVAX can be actively traded or used in the open market.

Question 6

What is the maximum supply of BENQI Liquid Staked AVAX?

Accepted Answer

The maximum supply of SAVAX 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 BENQI Liquid Staked AVAX?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of BENQI Liquid Staked AVAX is 246049489.4020076484. The FDV is calculated taking the assumption that all supply of BENQI Liquid Staked AVAX is circulation, multiplied by its current price of  22.14.

Question 8

What is the price prediction of BENQI Liquid Staked AVAX ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>BENQI Liquid Staked AVAX 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 BENQI Liquid Staked AVAX a good investment?

Accepted Answer

BENQI Liquid Staked AVAX 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 BENQI Liquid Staked AVAX 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 BENQI Liquid Staked AVAX.

Question 10

How to buy BENQI Liquid Staked AVAX?

Accepted Answer

You can buy BENQI Liquid Staked AVAX via Gate by following the steps on <0>how to buy SAVAX once you have funded your account.

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