Question 1

What determines the price movement of SO-COL (SIMP)?

Accepted Answer

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

Question 2

What is the highest price of SO-COL price in history?

Accepted Answer

SO-COL achieved the all-time high of 0.078931 in 2023-02-15, and is currently trading at 0.00002689.

Question 3

What is the lowest price of SO-COL price in history?

Accepted Answer

SO-COL reached its all-time low of  0.00002689 on 2025-01-11.

Question 4

What is the current market cap of SO-COL?

Accepted Answer

The current market cap of SO-COL is  13136.24902, as 488518000 SIMP is trading at the price of 0.00002689.

Question 5

How many SO-COL are there in the market?

Accepted Answer

There are currently 488518000 SIMP circulating in the market. These SO-COL can be actively traded or used in the open market.

Question 6

What is the maximum supply of SO-COL?

Accepted Answer

The maximum supply of SIMP is 1000000000 , 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 SO-COL?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of SO-COL is 26890.000000000. The FDV is calculated taking the assumption that all supply of SO-COL is circulation, multiplied by its current price of  0.00002689.

Question 8

What is the price prediction of SO-COL ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>SO-COL 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 SO-COL a good investment?

Accepted Answer

SO-COL 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 SO-COL 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 SO-COL.

Question 10

How to buy SO-COL?

Accepted Answer

You can buy SO-COL via Gate by following the steps on <0>how to buy SIMP once you have funded your account.

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About SO-COL (SIMP)

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