HydraDX (HDX) FAQ

Question 1

What determines the price movement of HydraDX (HDX)?

Accepted Answer

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

Question 2

What is the highest price of HydraDX price in history?

Accepted Answer

HydraDX achieved the all-time high of 0.03993264 in 2024-02-08, and is currently trading at 0.00700513.

Question 3

What is the lowest price of HydraDX price in history?

Accepted Answer

HydraDX reached its all-time low of  0.00357925 on 2023-04-10.

Question 4

What is the current market cap of HydraDX?

Accepted Answer

The current market cap of HydraDX is  41290807.60812931, as 5894367072.149882 HDX is trading at the price of 0.00700513.

Question 5

How many HydraDX are there in the market?

Accepted Answer

There are currently 5894367072.149882 HDX circulating in the market. These HydraDX can be actively traded or used in the open market.

Question 6

What is the maximum supply of HydraDX?

Accepted Answer

The maximum supply of HDX is 6500000000 , 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 HydraDX?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of HydraDX is 45533345.000000000. The FDV is calculated taking the assumption that all supply of HydraDX is circulation, multiplied by its current price of  0.00700513.

Question 8

What is the price prediction of HydraDX ?

Accepted Answer

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

Accepted Answer

HydraDX 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 HydraDX 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 HydraDX.

Question 10

How to buy HydraDX?

Accepted Answer

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

Year	Minimum Price	Highest Price	Average Price	Change
2025	$197.05	$538.12	$378.96	+5409649.00%
2026	$371.41	$683.22	$458.54	+6545697.00%
2027	$365.36	$707.89	$570.88	+8149417.00%
2028	$383.63	$748.08	$639.39	+9127359.00%
2029	$589.67	$832.48	$693.73	+9903193.00%
2030	$717.32	$992.04	$763.11	+10893522.00%

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