Effect Network (EFX) FAQ

Question 1

What determines the price movement of Effect Network (EFX)?

Accepted Answer

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

Question 2

What is the highest price of Effect Network price in history?

Accepted Answer

Effect Network achieved the all-time high of 0.178357 in 2021-03-18, and is currently trading at 0.00219364.

Question 3

What is the lowest price of Effect Network price in history?

Accepted Answer

Effect Network reached its all-time low of  0.00007249 on 2026-02-06.

Question 4

What is the current market cap of Effect Network?

Accepted Answer

The current market cap of Effect Network is  , as  EFX is trading at the price of 0.00219364.

Question 5

How many Effect Network are there in the market?

Accepted Answer

There are currently  EFX circulating in the market. These Effect Network can be actively traded or used in the open market.

Question 6

What is the maximum supply of Effect Network?

Accepted Answer

The maximum supply of EFX 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 Effect Network?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Effect Network is 1425866.000000000. The FDV is calculated taking the assumption that all supply of Effect Network is circulation, multiplied by its current price of  0.00219364.

Question 8

What is the price prediction of Effect Network ?

Accepted Answer

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

Accepted Answer

Effect Network 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 Effect Network 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 Effect Network.

Question 10

How to buy Effect Network?

Accepted Answer

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

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