Question 1

What determines the price movement of Umi Digital (UMI)?

Accepted Answer

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

Question 2

What is the highest price of Umi Digital price in history?

Accepted Answer

Umi Digital achieved the all-time high of 0.00095131 in 2021-11-06, and is currently trading at 0.00000037949.

Question 3

What is the lowest price of Umi Digital price in history?

Accepted Answer

Umi Digital reached its all-time low of  0.000000147303 on 2023-10-29.

Question 4

What is the current market cap of Umi Digital?

Accepted Answer

The current market cap of Umi Digital is  12523.17, as 33000000000 UMI is trading at the price of 0.00000037949.

Question 5

How many Umi Digital are there in the market?

Accepted Answer

There are currently 33000000000 UMI circulating in the market. These Umi Digital can be actively traded or used in the open market.

Question 6

What is the maximum supply of Umi Digital?

Accepted Answer

The maximum supply of UMI is 33000000000 , 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 Umi Digital?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Umi Digital is 12523.170000000000. The FDV is calculated taking the assumption that all supply of Umi Digital is circulation, multiplied by its current price of  0.00000037949.

Question 8

What is the price prediction of Umi Digital ?

Accepted Answer

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

Accepted Answer

Umi Digital 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 Umi Digital 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 Umi Digital.

Question 10

How to buy Umi Digital?

Accepted Answer

You can buy Umi Digital via Gate by following the steps on <0>how to buy UMI once you have funded your account.

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