DeFi Pulse Index Price DPI

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

DeFi Pulse Index achieved the all-time high of $656.49 in 2021-05-12, and is currently trading at $77.49.

DeFi Pulse Index reached its all-time low of $51.93 on 2023-06-10.

The current market cap of DeFi Pulse Index is $15.13M, as 195.30K DPI is trading at the price of $77.49.

There are currently 195.30K DPI circulating in the market. These DeFi Pulse Index can be actively traded or used in the open market.

The maximum supply of DPI is ∞ , 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 DeFi Pulse Index is $37.41M. The FDV is calculated taking the assumption that all supply of DeFi Pulse Index is circulation, multiplied by its current price of $77.49.

Using an algorithm to automatically identify historical data trends, this DeFi Pulse Index 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.

DeFi Pulse Index 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 DeFi Pulse Index 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 DeFi Pulse Index.

You can buy DeFi Pulse Index via Gate.io by following the steps on how to buy DPI once you have funded your account.