Question 1

What determines the price movement of Yield Yak (YAK)?

Accepted Answer

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

Question 2

What is the highest price of Yield Yak price in history?

Accepted Answer

Yield Yak achieved the all-time high of 16319.34 in 2021-09-23, and is currently trading at 671.86.

Question 3

What is the lowest price of Yield Yak price in history?

Accepted Answer

Yield Yak reached its all-time low of  185.6 on 2023-10-24.

Question 4

What is the current market cap of Yield Yak?

Accepted Answer

The current market cap of Yield Yak is  6718600.0, as 10000 YAK is trading at the price of 671.86.

Question 5

How many Yield Yak are there in the market?

Accepted Answer

There are currently 10000 YAK circulating in the market. These Yield Yak can be actively traded or used in the open market.

Question 6

What is the maximum supply of Yield Yak?

Accepted Answer

The maximum supply of YAK is 10000 , 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 Yield Yak?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Yield Yak is 6718600.000. The FDV is calculated taking the assumption that all supply of Yield Yak is circulation, multiplied by its current price of  671.86.

Question 8

What is the price prediction of Yield Yak ?

Accepted Answer

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

Accepted Answer

Yield Yak 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 Yield Yak 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 Yield Yak.

Question 10

How to buy Yield Yak?

Accepted Answer

You can buy Yield Yak via Gate by following the steps on <0>how to buy YAK once you have funded your account.

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