Soy Finance (SOY) FAQ

Question 1

What determines the price movement of Soy Finance (SOY)?

Accepted Answer

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

Question 2

What is the highest price of Soy Finance price in history?

Accepted Answer

Soy Finance achieved the all-time high of 0.11271 in 2022-05-01, and is currently trading at 0.0005915.

Question 3

What is the lowest price of Soy Finance price in history?

Accepted Answer

Soy Finance reached its all-time low of  0.00047616 on 2024-01-31.

Question 4

What is the current market cap of Soy Finance?

Accepted Answer

The current market cap of Soy Finance is  81615, as 9223372036854775807 SOY is trading at the price of 0.0005915.

Question 5

How many Soy Finance are there in the market?

Accepted Answer

There are currently 9223372036854775807 SOY circulating in the market. These Soy Finance can be actively traded or used in the open market.

Question 6

What is the maximum supply of Soy Finance?

Accepted Answer

The maximum supply of SOY is 600000000 , 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 Soy Finance?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Soy Finance is 354900.0. The FDV is calculated taking the assumption that all supply of Soy Finance is circulation, multiplied by its current price of  0.0005915.

Question 8

What is the price prediction of Soy Finance ?

Accepted Answer

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

Accepted Answer

Soy Finance 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 Soy Finance 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 Soy Finance.

Question 10

How to buy Soy Finance?

Accepted Answer

You can buy Soy Finance via Gate by following the steps on <0>how to buy SOY once you have funded your account.

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About Soy Finance (SOY)

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