Cryptocurrency Q&A
What is the max supply of YFII?
What is the max supply of YFII?
GeishaMelodious
Mon Aug 12 2024
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6 answers
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Could you please clarify for me, what is the maximum supply of YFII tokens that will ever be created? Is there a specific cap or limit set by the project's creators, or is the supply potentially unlimited? Understanding the total potential supply is crucial in assessing the token's scarcity and potential value over time. Could you elaborate on the factors that determine the max supply and how it might impact the market dynamics of YFII?
6 answers
DigitalTreasureHunter
Tue Aug 13 2024
YFII, a cryptocurrency, has experienced a decline of 1.29% in its value over the past 24 hours. This fluctuation in price is a common occurrence in the volatile world of digital assets.
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Lorenzo
Tue Aug 13 2024
The 24-hour high for YFII was recorded at $408.50 on June 22nd, 2024. This represents the highest price that YFII reached during the previous 24-hour period and can serve as a benchmark for measuring the coin's performance.
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Raffaele
Tue Aug 13 2024
The 24-hour low for YFII, also recorded on June 22nd, 2024, was $398.84. This indicates the lowest price that YFII fell to during the previous 24-hour period and can provide insight into the coin's volatility.
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SsangyongSpiritedStrength
Tue Aug 13 2024
The circulating supply of YFII coins currently stands at 39.73K, indicating a limited number of coins available for trading in the market. This scarcity can contribute to price volatility.
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Lorenzo
Tue Aug 13 2024
The maximum supply of YFII coins is capped at 40.00K, which means that no more coins will be created once this limit is reached. This fixed supply is a characteristic of many cryptocurrencies and can help to maintain scarcity and potentially drive up prices.
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