Question 1

What determines the price movement of Fren Pet (FP)?

Accepted Answer

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

Question 2

What is the highest price of Fren Pet price in history?

Accepted Answer

Fren Pet achieved the all-time high of 16.52 in 2024-04-11, and is currently trading at 1.29.

Question 3

What is the lowest price of Fren Pet price in history?

Accepted Answer

Fren Pet reached its all-time low of  0.153207 on 2023-11-18.

Question 4

What is the current market cap of Fren Pet?

Accepted Answer

The current market cap of Fren Pet is  9439001.750212606, as 7317055.620319849 FP is trading at the price of 1.29.

Question 5

How many Fren Pet are there in the market?

Accepted Answer

There are currently 7317055.620319849 FP circulating in the market. These Fren Pet can be actively traded or used in the open market.

Question 6

What is the maximum supply of Fren Pet?

Accepted Answer

The maximum supply of FP is 10000000 , 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 Fren Pet?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Fren Pet is 12900000.000. The FDV is calculated taking the assumption that all supply of Fren Pet is circulation, multiplied by its current price of  1.29.

Question 8

What is the price prediction of Fren Pet ?

Accepted Answer

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

Accepted Answer

Fren Pet 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 Fren Pet 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 Fren Pet.

Question 10

How to buy Fren Pet?

Accepted Answer

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

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