Shanghai Inu (SHANG) FAQ

Question 1

What determines the price movement of Shanghai Inu (SHANG)?

Accepted Answer

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

Question 2

What is the highest price of Shanghai Inu price in history?

Accepted Answer

Shanghai Inu achieved the all-time high of 0.000000012135 in 2023-05-24, and is currently trading at 0.000000000131801.

Question 3

What is the lowest price of Shanghai Inu price in history?

Accepted Answer

Shanghai Inu reached its all-time low of  0.000000000008634 on 2023-04-29.

Question 4

What is the current market cap of Shanghai Inu?

Accepted Answer

The current market cap of Shanghai Inu is  98850.75, as 750000000000000 SHANG is trading at the price of 0.000000000131801.

Question 5

How many Shanghai Inu are there in the market?

Accepted Answer

There are currently 750000000000000 SHANG circulating in the market. These Shanghai Inu can be actively traded or used in the open market.

Question 6

What is the maximum supply of Shanghai Inu?

Accepted Answer

The maximum supply of SHANG is 1000000000000000 , 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 Shanghai Inu?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Shanghai Inu is 131801.0000000000000000. The FDV is calculated taking the assumption that all supply of Shanghai Inu is circulation, multiplied by its current price of  0.000000000131801.

Question 8

What is the price prediction of Shanghai Inu ?

Accepted Answer

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

Accepted Answer

Shanghai Inu 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 Shanghai Inu 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 Shanghai Inu.

Question 10

How to buy Shanghai Inu?

Accepted Answer

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

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