Cryptocurrency Q&A
What is the max supply of BitDAO?
What is the max supply of BitDAO?
PhoenixRising
Sun Sep 01 2024
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7 answers
1713
Could you please clarify for me what the maximum supply of BitDAO tokens is? I'm interested in understanding the total number of tokens that will ever be in circulation, as this can have a significant impact on the value and potential growth of the cryptocurrency. Additionally, I'm curious if there are any plans to adjust the supply in the future, and if so, what those plans might entail. Thank you for your time and expertise in this matter.
7 answers
Caterina
Tue Sep 03 2024
In terms of its supply, BitDAO has a maximum supply of 10 billion BIT tokens. This capped supply can help to support the value of the cryptocurrency over time, as a limited supply can create scarcity and drive up demand.
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Luca
Tue Sep 03 2024
BitDAO, represented by the ticker BIT, has seen a notable increase in its price over the past 24 hours. Specifically, the cryptocurrency has surged by 12.52%, indicating a strong positive trend.
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Valentina
Tue Sep 03 2024
Despite this recent surge, BIT is still trading below its 7-day all-time high of $1.29. Currently, the price stands at a level that is 23.66% lower than this peak, suggesting that there may be room for further growth.
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Caterina
Tue Sep 03 2024
On the other hand, BIT has also recovered significantly from its 7-day all-time low. The cryptocurrency is now trading at a level that is 16.61% higher than its lowest point within the past week, demonstrating resilience and potential for further upside.
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Riccardo
Mon Sep 02 2024
One of the top cryptocurrency exchanges where users can trade BIT is BTCC. This platform offers a wide range of services to its customers, including spot trading, futures trading, and cryptocurrency wallet services.
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