Myriad (XMY) FAQ

Question 1

What determines the price movement of Myriad (XMY)?

Accepted Answer

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

Question 2

What is the highest price of Myriad price in history?

Accepted Answer

Myriad achieved the all-time high of 0.060926 in 2018-01-06, and is currently trading at 0.00008871.

Question 3

What is the lowest price of Myriad price in history?

Accepted Answer

Myriad reached its all-time low of  0.000000804957 on 2020-03-28.

Question 4

What is the current market cap of Myriad?

Accepted Answer

The current market cap of Myriad is  167679.952485, as 1890203500 XMY is trading at the price of 0.00008871.

Question 5

How many Myriad are there in the market?

Accepted Answer

There are currently 1890203500 XMY circulating in the market. These Myriad can be actively traded or used in the open market.

Question 6

What is the maximum supply of Myriad?

Accepted Answer

The maximum supply of XMY is 2000000000 , 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 Myriad?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Myriad is 167679.952485000. The FDV is calculated taking the assumption that all supply of Myriad is circulation, multiplied by its current price of  0.00008871.

Question 8

What is the price prediction of Myriad ?

Accepted Answer

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

Accepted Answer

Myriad 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 Myriad 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 Myriad.

Question 10

How to buy Myriad?

Accepted Answer

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

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