Community Call

You can buy OCT via Gate.com by following the steps on how to buy OCT once you have funded your account.

There are two perspectives on how the price of OCT is determined.

Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of OCT. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect OCT's value.

Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of OCT based on past trends, based on the principle that 'history tends to repeat itself.' Price action of OCT is also affected by news, announcements, and the general sentiment of the community.

While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of OCT.

OCT reached an all-time high of $7.02 in 2022-01-16, while its current trading price is $0.06783.

OCT reached its historical low of $0.03433 in 2022-01-16.

The current market cap of OCT is $6.78M, with OCT’s circulating supply at 100.00M OCT and the current trading price at $0.06783.

Currently, there are 100.00M OCT circulating in the market. These OCT tokens can be traded or used on the open market.

The maximum supply of OCT is 100.00M, including its circulating supply, locked or staked amounts, and any supply yet to be mined, minted, or created.

Currently, the fully diluted market cap (FDV) of OCT is $6.78M. This is calculated by multiplying the circulating supply by the current price of $0.06783, assuming all of the token’s supply enters circulation.

The OCT price prediction uses algorithms that automatically identify trends in historical data and make predictions and adjustments based on current market conditions. With advanced machine learning, the price prediction can help users assess the trends in the cryptocurrency market before making an investment.

OCT has a strong return potential due to its inherent volatility, which offers opportunities for profit. However, volatility is a double-edged sword and is more suited for investors with a high-risk tolerance and good financial health. It’s important to remember that OCT and the broader crypto market are always impacted by extreme market conditions, legal policies, social media stories, and other unpredictable factors. Therefore, before investing in OCT, it's recommended that you conduct thorough research and practice risk management.