Psyche (USD1) FAQ

Question 1

What determines the price movement of Psyche (USD1)?

Accepted Answer

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

Question 2

What is the highest price of Psyche price in history?

Accepted Answer

Psyche achieved the all-time high of 1.1 in 2021-05-19, and is currently trading at 1.009.

Question 3

What is the lowest price of Psyche price in history?

Accepted Answer

Psyche reached its all-time low of  0.583591 on 2021-03-09.

Question 4

What is the current market cap of Psyche?

Accepted Answer

The current market cap of Psyche is  , as  USD1 is trading at the price of 1.009.

Question 5

How many Psyche are there in the market?

Accepted Answer

There are currently  USD1 circulating in the market. These Psyche can be actively traded or used in the open market.

Question 6

What is the maximum supply of Psyche?

Accepted Answer

The maximum supply of USD1 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 Psyche?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Psyche is 30270000.0000. The FDV is calculated taking the assumption that all supply of Psyche is circulation, multiplied by its current price of  1.009.

Question 8

What is the price prediction of Psyche ?

Accepted Answer

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

Accepted Answer

Psyche 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 Psyche 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 Psyche.

Question 10

How to buy Psyche?

Accepted Answer

You can buy Psyche via Gate by following the steps on <0>how to buy USD1 once you have funded your account.

Year	Minimum Price	Highest Price	Average Price	Change
2025	$0.8097	$1.38	$0.9997	--
2026	$0.8481	$1.46	$1.19	+18.00%
2027	$0.8125	$1.59	$1.33	+32.00%
2028	$1.3	$1.93	$1.46	+45.00%
2029	$0.9178	$2.51	$1.69	+68.00%
2030	$1.64	$2.36	$2.1	+108.00%

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