Enegra (EGX) FAQ

Question 1

What determines the price movement of Enegra (EGX)?

Accepted Answer

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

Question 2

What is the highest price of Enegra price in history?

Accepted Answer

Enegra achieved the all-time high of 7543.31 in 2022-11-06, and is currently trading at 191.63.

Question 3

What is the lowest price of Enegra price in history?

Accepted Answer

Enegra reached its all-time low of  89.82 on 2022-06-21.

Question 4

What is the current market cap of Enegra?

Accepted Answer

The current market cap of Enegra is  , as  EGX is trading at the price of 191.63.

Question 5

How many Enegra are there in the market?

Accepted Answer

There are currently  EGX circulating in the market. These Enegra can be actively traded or used in the open market.

Question 6

What is the maximum supply of Enegra?

Accepted Answer

The maximum supply of EGX 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 Enegra?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Enegra is 19163000000.000. The FDV is calculated taking the assumption that all supply of Enegra is circulation, multiplied by its current price of  191.63.

Question 8

What is the price prediction of Enegra ?

Accepted Answer

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

Accepted Answer

Enegra 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 Enegra 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 Enegra.

Question 10

How to buy Enegra?

Accepted Answer

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

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