Auction Light (ACL)
1. Fundamental Analysis
1.1 Introduce
Auction Light is an auction-based NFT marketplace that aims to increase NFT market efficiency through using auction mechanisms and gas-free transactions. As the NFT market shifts towards small-value NFT, gas fee takes a higher portion of the transaction cost. Our platform solves the emerging pain point for active NFT traders, users only need to sign a message to place trades on NFT, resulting in better execution price and less gas fee paid.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ACL | Market Cap | 11870 |
| Name | Auction Light | White Paper | -- |
| Web Site | https://auctionlight.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 2000000000 | |
| Supply | 2000000000 | Release Date | 2024-07-24 |
| Available Supply | 237400000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line daily chart analysis concludes that the asset has experienced a significant increase in trading volume during the month of December, with a notable surge in volume around December 10th. The closing price remains relatively stable around the 5e-05 level for the majority of the period, except for a slight fluctuation on December 8th and 9th. There is a trend of higher highs and higher lows in trading volume, suggesting an upward momentum. Future trends may indicate further price appreciation or consolidation.
