Prometeus Price PROM

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

Prometeus achieved the all-time high of $105.94 in 2021-04-30, and is currently trading at $5.52.

Prometeus reached its all-time low of $0.08874 on 2019-11-08.

The current market cap of Prometeus is $100.81M, as 18.25M PROM is trading at the price of $5.52.

There are currently 18.25M PROM circulating in the market. These Prometeus can be actively traded or used in the open market.

The maximum supply of PROM is 19.25M , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Prometeus is $106.33M. The FDV is calculated taking the assumption that all supply of Prometeus is circulation, multiplied by its current price of $5.52.

Using an algorithm to automatically identify historical data trends, this Prometeus 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.

Prometeus 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 Prometeus 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 do your own research (DYOR) before investing in Prometeus.

You can buy Prometeus via Gate.io by following the steps on how to buy PROM once you have funded your account.