Benzene (BZN) FAQ

Question 1

What determines the price movement of Benzene (BZN)?

Accepted Answer

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

Question 2

What is the highest price of Benzene price in history?

Accepted Answer

Benzene achieved the all-time high of 32.59 in 2021-10-25, and is currently trading at 0.03278631.

Question 3

What is the lowest price of Benzene price in history?

Accepted Answer

Benzene reached its all-time low of  0.01156936 on 2022-07-02.

Question 4

What is the current market cap of Benzene?

Accepted Answer

The current market cap of Benzene is  35626.983929840884, as 1086642.074995353 BZN is trading at the price of 0.03278631.

Question 5

How many Benzene are there in the market?

Accepted Answer

There are currently 1086642.074995353 BZN circulating in the market. These Benzene can be actively traded or used in the open market.

Question 6

What is the maximum supply of Benzene?

Accepted Answer

The maximum supply of BZN is 100000000 , 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 Benzene?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Benzene is 3263322.940715760. The FDV is calculated taking the assumption that all supply of Benzene is circulation, multiplied by its current price of  0.03278631.

Question 8

What is the price prediction of Benzene ?

Accepted Answer

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

Accepted Answer

Benzene 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 Benzene 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 Benzene.

Question 10

How to buy Benzene?

Accepted Answer

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

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