Ancient8 (A8)
1. Fundamental Analysis
1.1 Introduce
Ancient8 builds Ethereum L2 for Gaming on OP Stack with Celestia Underneath, offering a suite of Web3 gaming infrastructure tools that serve as the distribution and marketing channel for games globally.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | A8 | Market Cap | 58966300 |
| Name | Ancient8 | White Paper | -- |
| Web Site | https://ancient8.gg/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-07-17 |
| Available Supply | 194000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart indicates a trend of significant price volatility with a notable downward trend over the last few months. The market has experienced a rapid decline from its peak in early December 2024, followed by a brief consolidation phase, and is currently showing signs of potential bearish continuation.
Predictions for future trends suggest the following:
- Short-term bearish continuation
- Possibility of a downward breakout from the current consolidation range
- Increased volatility expected in the near term
- Potential for further price depreciation in the medium term
- Watch for potential support levels near the mid-point of the current consolidation range for potential buy opportunities.
