Question 1

What determines the price movement of Wrapped BNB (WBNB)?

Accepted Answer

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

Question 2

What is the highest price of Wrapped BNB price in history?

Accepted Answer

Wrapped BNB achieved the all-time high of 789.32 in 2024-12-04, and is currently trading at 785.66.

Question 3

What is the lowest price of Wrapped BNB price in history?

Accepted Answer

Wrapped BNB reached its all-time low of  23.6 on 2020-09-24.

Question 4

What is the current market cap of Wrapped BNB?

Accepted Answer

The current market cap of Wrapped BNB is  1027248080.0825714, as 1307496.983533044 WBNB is trading at the price of 785.66.

Question 5

How many Wrapped BNB are there in the market?

Accepted Answer

There are currently 1307496.983533044 WBNB circulating in the market. These Wrapped BNB can be actively traded or used in the open market.

Question 6

What is the maximum supply of Wrapped BNB?

Accepted Answer

The maximum supply of WBNB 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 Wrapped BNB?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Wrapped BNB is 1243580359.680. The FDV is calculated taking the assumption that all supply of Wrapped BNB is circulation, multiplied by its current price of  785.66.

Question 8

What is the price prediction of Wrapped BNB ?

Accepted Answer

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

Accepted Answer

Wrapped BNB 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 Wrapped BNB 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 Wrapped BNB.

Question 10

How to buy Wrapped BNB?

Accepted Answer

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

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