Yuan Chain Coin (YCC) FAQ

Question 1

What determines the price movement of Yuan Chain Coin (YCC)?

Accepted Answer

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

Question 2

What is the highest price of Yuan Chain Coin price in history?

Accepted Answer

Yuan Chain Coin achieved the all-time high of 0.0407038 in 2021-03-20, and is currently trading at 0.00069692.

Question 3

What is the lowest price of Yuan Chain Coin price in history?

Accepted Answer

Yuan Chain Coin reached its all-time low of  0.0001615 on 2024-05-28.

Question 4

What is the current market cap of Yuan Chain Coin?

Accepted Answer

The current market cap of Yuan Chain Coin is  3457775.5492, as 4961510000 YCC is trading at the price of 0.00069692.

Question 5

How many Yuan Chain Coin are there in the market?

Accepted Answer

There are currently 4961510000 YCC circulating in the market. These Yuan Chain Coin can be actively traded or used in the open market.

Question 6

What is the maximum supply of Yuan Chain Coin?

Accepted Answer

The maximum supply of YCC is 55000000 , 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 Yuan Chain Coin?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Yuan Chain Coin is 38330.600000000. The FDV is calculated taking the assumption that all supply of Yuan Chain Coin is circulation, multiplied by its current price of  0.00069692.

Question 8

What is the price prediction of Yuan Chain Coin ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Yuan Chain Coin 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 Yuan Chain Coin a good investment?

Accepted Answer

Yuan Chain Coin 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 Yuan Chain Coin 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 Yuan Chain Coin.

Question 10

How to buy Yuan Chain Coin?

Accepted Answer

You can buy Yuan Chain Coin via Gate by following the steps on <0>how to buy YCC once you have funded your account.

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