Question 1

What determines the price movement of Drift Staked SOL (DSOL)?

Accepted Answer

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

Question 2

What is the highest price of Drift Staked SOL price in history?

Accepted Answer

Drift Staked SOL achieved the all-time high of 311.34 in 2025-01-19, and is currently trading at 271.08.

Question 3

What is the lowest price of Drift Staked SOL price in history?

Accepted Answer

Drift Staked SOL reached its all-time low of  107.06 on 2025-04-07.

Question 4

What is the current market cap of Drift Staked SOL?

Accepted Answer

The current market cap of Drift Staked SOL is  410250470.1670698, as 1513392.615342592 DSOL is trading at the price of 271.08.

Question 5

How many Drift Staked SOL are there in the market?

Accepted Answer

There are currently 1513392.615342592 DSOL circulating in the market. These Drift Staked SOL can be actively traded or used in the open market.

Question 6

What is the maximum supply of Drift Staked SOL?

Accepted Answer

The maximum supply of DSOL is ∞ , 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 Drift Staked SOL?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Drift Staked SOL is 410250470.16706983936. The FDV is calculated taking the assumption that all supply of Drift Staked SOL is circulation, multiplied by its current price of  271.08.

Question 8

What is the price prediction of Drift Staked SOL ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Drift Staked SOL 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 Drift Staked SOL a good investment?

Accepted Answer

Drift Staked SOL 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 Staked SOL 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 Drift Staked SOL.

Question 10

How to buy Drift Staked SOL?

Accepted Answer

You can buy Drift Staked SOL via Gate by following the steps on <0>how to buy DSOL once you have funded your account.

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