Question 1

What determines the price movement of Butterfly Protocol (BFLY)?

Accepted Answer

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

Question 2

What is the highest price of Butterfly Protocol price in history?

Accepted Answer

Butterfly Protocol achieved the all-time high of 2.43 in 2021-02-08, and is currently trading at 0.00433267.

Question 3

What is the lowest price of Butterfly Protocol price in history?

Accepted Answer

Butterfly Protocol reached its all-time low of  0.00430866 on 2024-09-09.

Question 4

What is the current market cap of Butterfly Protocol?

Accepted Answer

The current market cap of Butterfly Protocol is  81796.043663, as 18878900 BFLY is trading at the price of 0.00433267.

Question 5

How many Butterfly Protocol are there in the market?

Accepted Answer

There are currently 18878900 BFLY circulating in the market. These Butterfly Protocol can be actively traded or used in the open market.

Question 6

What is the maximum supply of Butterfly Protocol?

Accepted Answer

The maximum supply of BFLY is 100000000 , 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 Butterfly Protocol?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Butterfly Protocol is 433267.000000000. The FDV is calculated taking the assumption that all supply of Butterfly Protocol is circulation, multiplied by its current price of  0.00433267.

Question 8

What is the price prediction of Butterfly Protocol ?

Accepted Answer

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

Accepted Answer

Butterfly Protocol 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 Butterfly Protocol 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 Butterfly Protocol.

Question 10

How to buy Butterfly Protocol?

Accepted Answer

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

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