What determines the price movement of Drift Protocol (DRIFT)?

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

What is the highest price of Drift Protocol price in history?

Drift Protocol achieved the all-time high of 2.7 in 2024-11-09, and is currently trading at 0.8572.

What is the lowest price of Drift Protocol price in history?

Drift Protocol reached its all-time low of 0.2135 on 2024-08-05.

What is the current market cap of Drift Protocol?

The current market cap of Drift Protocol is 316078383.0695032, as 368733531.345664 DRIFT is trading at the price of 0.8572.

How many Drift Protocol are there in the market?

There are currently 368733531.345664 DRIFT circulating in the market. These Drift Protocol can be actively traded or used in the open market.

What is the maximum supply of Drift Protocol?

The maximum supply of DRIFT is 1000000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Drift Protocol?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Drift Protocol is 857200000.00000. The FDV is calculated taking the assumption that all supply of Drift Protocol is circulation, multiplied by its current price of 0.8572.

What is the price prediction of Drift Protocol ?

Using an algorithm to automatically identify historical data trends, this Drift Protocol 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.

Is Drift Protocol a good investment?

Drift Protocol 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 Drift Protocol 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 do your own research (DYOR) before investing in Drift Protocol.

How to buy Drift Protocol?

You can buy Drift Protocol via Gate by following the steps on how to buy DRIFT once you have funded your account.

Drift Protocol Price

DRIFT

Rank 237

Drift Protocol (DRIFT) Price Live Chart

Drift Protocol (DRIFT) Price Today

Drift Protocol (DRIFT) price today is $0.8572, with a 24-hour trading volume of $2.17M and as such Drift Protocol (DRIFT) has a market cap of $316.07M, giving it a market dominance of 0.019%. The Drift Protocol (DRIFT) price moved -3.13% in the last 24 hours.

DRIFT Price Data

24h Turnover$2.17M
All-Time High(ATH)$2.7
24h High$0.9017
All-Time Low(ATL)$0.2135
24h Low$0.8477

DRIFT Market Cap Infos

Market Cap$316.07M
Fully Diluted Valuation$857.2M
Market Cap/FDV36.87%
Market SentimentPositive

DRIFT Supply

Circulating Supply368.73M DRIFT
Total Supply1B DRIFT
Max Supply1B DRIFT

*Data is for reference only

Drift Protocol (DRIFT) Price Prediction

Drift Protocol(DRIFT) is predicted to average $0.8573 in 2025, with a potential swing between the lowest price $0.5058 and the highest price $1.18. By 2030, Drift Protocol(DRIFT) price could reach to $2.17, offering a potential +70.00% return from today’s Drift Protocol price.

Year	Minimum Price	Highest Price	Average Price	Change
2025	$0.5058	$1.18	$0.8573	--
2026	$0.5406	$1.33	$1.02	+19.00%
2027	$0.6127	$1.34	$1.17	+37.00%
2028	$0.9077	$1.53	$1.26	+47.00%
2029	$0.7417	$1.52	$1.39	+63.00%
2030	$0.9067	$2.17	$1.46	+70.00%

Drift Protocol(DRIFT) Price History

Drift Protocol(DRIFT) price has moved -3.13% in the last 24 hours, and +21.98% in the past 7 days. The price of Drift Protocol(DRIFT) is +56.31% in the past 30 days, and +55.01% over the last year.