Question 1

What determines the price movement of Degen Distillery (DRINK)?

Accepted Answer

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

Question 2

What is the highest price of Degen Distillery price in history?

Accepted Answer

Degen Distillery achieved the all-time high of 0.02555875 in 2024-10-03, and is currently trading at 0.00001592.

Question 3

What is the lowest price of Degen Distillery price in history?

Accepted Answer

Degen Distillery reached its all-time low of  0.00000911 on 2025-07-09.

Question 4

What is the current market cap of Degen Distillery?

Accepted Answer

The current market cap of Degen Distillery is  1104.99720224, as 69409372 DRINK is trading at the price of 0.00001592.

Question 5

How many Degen Distillery are there in the market?

Accepted Answer

There are currently 69409372 DRINK circulating in the market. These Degen Distillery can be actively traded or used in the open market.

Question 6

What is the maximum supply of Degen Distillery?

Accepted Answer

The maximum supply of DRINK is 721000000 , 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 Degen Distillery?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Degen Distillery is 11478.320000000. The FDV is calculated taking the assumption that all supply of Degen Distillery is circulation, multiplied by its current price of  0.00001592.

Question 8

What is the price prediction of Degen Distillery ?

Accepted Answer

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

Accepted Answer

Degen Distillery 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 Degen Distillery 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 Degen Distillery.

Question 10

How to buy Degen Distillery?

Accepted Answer

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

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