Drift Protocol Price

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

Drift Protocol achieved the all-time high of $2.7 in 2024-11-09, and is currently trading at $0.5959.

Drift Protocol reached its all-time low of $0.2135 on 2024-08-05.

The current market cap of Drift Protocol is $179.5M, as 301.24M DRIFT is trading at the price of $0.5959.

There are currently 301.24M DRIFT circulating in the market. These Drift Protocol can be actively traded or used in the open market.

The maximum supply of DRIFT is 1B , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Drift Protocol is $595.9M. The FDV is calculated taking the assumption that all supply of Drift Protocol is circulation, multiplied by its current price of $0.5959.

Using an algorithm to automatically identify historical data trends, this Drift Protocol 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.

Drift Protocol 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 Drift Protocol 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 do your own research (DYOR) before investing in Drift Protocol.

You can buy Drift Protocol via Gate.io by following the steps on how to buy DRIFT once you have funded your account.