Question 1

What determines the price movement of Socean Staked Sol (SCNSOL)?

Accepted Answer

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

Question 2

What is the highest price of Socean Staked Sol price in history?

Accepted Answer

Socean Staked Sol achieved the all-time high of 363.89 in 2025-01-19, and is currently trading at 196.8.

Question 3

What is the lowest price of Socean Staked Sol price in history?

Accepted Answer

Socean Staked Sol reached its all-time low of  8.97 on 2022-12-29.

Question 4

What is the current market cap of Socean Staked Sol?

Accepted Answer

The current market cap of Socean Staked Sol is  42938644.48060004, as 218184.16910874 SCNSOL is trading at the price of 196.8.

Question 5

How many Socean Staked Sol are there in the market?

Accepted Answer

There are currently 218184.16910874 SCNSOL circulating in the market. These Socean Staked Sol can be actively traded or used in the open market.

Question 6

What is the maximum supply of Socean Staked Sol?

Accepted Answer

The maximum supply of SCNSOL is 668264 , 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 Socean Staked Sol?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Socean Staked Sol is 131514355.20. The FDV is calculated taking the assumption that all supply of Socean Staked Sol is circulation, multiplied by its current price of  196.8.

Question 8

What is the price prediction of Socean Staked Sol ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Socean Staked Sol 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 Socean Staked Sol a good investment?

Accepted Answer

Socean Staked Sol 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 Socean Staked Sol 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 Socean Staked Sol.

Question 10

How to buy Socean Staked Sol?

Accepted Answer

You can buy Socean Staked Sol via Gate by following the steps on <0>how to buy SCNSOL once you have funded your account.

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