Diamond (DMD) FAQ

Question 1

What determines the price movement of Diamond (DMD)?

Accepted Answer

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

Question 2

What is the highest price of Diamond price in history?

Accepted Answer

Diamond achieved the all-time high of 33.58 in 2018-01-03, and is currently trading at 1.73.

Question 3

What is the lowest price of Diamond price in history?

Accepted Answer

Diamond reached its all-time low of  0.055845 on 2014-08-29.

Question 4

What is the current market cap of Diamond?

Accepted Answer

The current market cap of Diamond is  6535370.257292311, as 3777670.668955093 DMD is trading at the price of 1.73.

Question 5

How many Diamond are there in the market?

Accepted Answer

There are currently 3777670.668955093 DMD circulating in the market. These Diamond can be actively traded or used in the open market.

Question 6

What is the maximum supply of Diamond?

Accepted Answer

The maximum supply of DMD is 4380000 , 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 Diamond?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Diamond is 7577400.000. The FDV is calculated taking the assumption that all supply of Diamond is circulation, multiplied by its current price of  1.73.

Question 8

What is the price prediction of Diamond ?

Accepted Answer

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

Accepted Answer

Diamond 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 Diamond 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 Diamond.

Question 10

How to buy Diamond?

Accepted Answer

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

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