Question 1

What determines the price movement of Wrapped Matic (WMATIC)?

Accepted Answer

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

Question 2

What is the highest price of Wrapped Matic price in history?

Accepted Answer

Wrapped Matic achieved the all-time high of 2.91 in 2021-12-27, and is currently trading at 0.232424.

Question 3

What is the lowest price of Wrapped Matic price in history?

Accepted Answer

Wrapped Matic reached its all-time low of  0.146875 on 2021-02-24.

Question 4

What is the current market cap of Wrapped Matic?

Accepted Answer

The current market cap of Wrapped Matic is  54501136.58157052, as 234490141.2142056 WMATIC is trading at the price of 0.232424.

Question 5

How many Wrapped Matic are there in the market?

Accepted Answer

There are currently 234490141.2142056 WMATIC circulating in the market. These Wrapped Matic can be actively traded or used in the open market.

Question 6

What is the maximum supply of Wrapped Matic?

Accepted Answer

The maximum supply of WMATIC 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 Wrapped Matic?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Wrapped Matic is 54501136.5815705223744. The FDV is calculated taking the assumption that all supply of Wrapped Matic is circulation, multiplied by its current price of  0.232424.

Question 8

What is the price prediction of Wrapped Matic ?

Accepted Answer

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

Accepted Answer

Wrapped Matic 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 Wrapped Matic 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 Wrapped Matic.

Question 10

How to buy Wrapped Matic?

Accepted Answer

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

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