Question 1

What determines the price movement of Ruby Protocol (RUBY)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Ruby Protocol.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Ruby 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 Ruby 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 Ruby 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 Ruby 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 Ruby Protocol and the broader cryptocurrency market.

Question 2

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

Accepted Answer

Ruby Protocol achieved the all-time high of 0.158339 in 2023-12-27, and is currently trading at 0.0218673.

Question 3

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

Accepted Answer

Ruby Protocol reached its all-time low of  0.0156625 on 2023-11-05.

Question 4

What is the current market cap of Ruby Protocol?

Accepted Answer

The current market cap of Ruby Protocol is  333627.20937, as 15256900 RUBY is trading at the price of 0.0218673.

Question 5

How many Ruby Protocol are there in the market?

Accepted Answer

There are currently 15256900 RUBY circulating in the market. These Ruby Protocol can be actively traded or used in the open market.

Question 6

What is the maximum supply of Ruby Protocol?

Accepted Answer

The maximum supply of RUBY is ∞ , 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 Ruby Protocol?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Ruby Protocol is 4373258.3742912561315. The FDV is calculated taking the assumption that all supply of Ruby Protocol is circulation, multiplied by its current price of  0.0218673.

Question 8

What is the price prediction of Ruby Protocol ?

Accepted Answer

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

Accepted Answer

Ruby 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 Ruby 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 Ruby Protocol.

Question 10

How to buy Ruby Protocol?

Accepted Answer

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

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