Little Dragon (1ON8)
1. Fundamental Analysis
1.1 Introduce
1On8 is the first DeFi Gamified Accelerator on Bitcoin - Stake-to-Alpha, Stake-to-Play and Earn. 1On8 introduces the concept of BRC20 tokens. Dragon Pools and a mini-game, soon to evolve into Metaverse based on the BTC asset class. We want to bring financial literacy to the masses through our gamified solution on Bitcoin and DeFi. 1On8 is bringing native BTC L1 DeFi to the masses through a new Stake-to-Alpha scheme. It’s a decentralized staking mechanism with verifiable TVL-increase strategies. Stake $1On8 to earn yield in emerging BRC20 tokens. The Dragon lore mini game will allow users to dive deep into gaming, while integrating with the BRC20 ecosystem. The mini game is only accessible via staking. Once a user has staked 1On8, they have the ability to play and collect little red envelopes that further unlock additional rewards.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | 1ON8 | Market Cap | 81685.93143 |
| Name | Little Dragon | White Paper | -- |
| Web Site | http://www.10n8.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mempool.space/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 8888888 | |
| Supply | 8888888 | Release Date | 2024-03-18 |
| Available Supply | 4169777 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart suggests the following conclusion:
- The asset has experienced a significant downward trend in the last few months, with a notable drop in price and volume over the past few weeks.
- The recent trading sessions have shown a consolidation phase with relatively stable prices, indicating potential indecision or a pause in the downward trend.
- There is a possibility of a short-term upward movement as the asset may be forming a base or preparing for a reversal.
- However, the overall downward trend remains intact, and a sustained upward move would require a significant change in market sentiment and volume.
- Volatility levels have been relatively high, indicating potential for sharp price movements in both directions.
- Traders should monitor the market closely for any signs of a reversal or continuation of the downward trend.
