Shibarium Wrapped BONE PriceWBONE

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

Shibarium Wrapped BONE achieved the all-time high of $483.12 in 2024-01-30, and is currently trading at $0.6858.

WBONE reached its all-time low of $0.006124 on 2023-11-26.

The current market cap of Shibarium Wrapped BONE is $2.07M, as 3.02M WBONE is trading at the price of $0.6858.

There are currently 3.02M WBONE circulating in the market. These Shibarium Wrapped BONE can be actively traded or used in the open market.

The maximum supply of WBONE 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 Shibarium Wrapped BONE is $2.07M. The FDV is calculated taking the assumption that all supply of Shibarium Wrapped BONE is circulation, multiplied by its current price of $0.6858.

Using an algorithm to automatically identify historical data trends, this Shibarium Wrapped BONE 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.

Shibarium Wrapped BONE 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 Shibarium Wrapped BONE 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 Shibarium Wrapped BONE.

You can buy Shibarium Wrapped BONE via Gate.io by following the steps on how to buy WBONE once you have funded your account.