Andromeda (ANDR)
1. Fundamental Analysis
1.1 Introduce
The first true 100% on-chain, IBC-enabled, decentralized web3 Operating System (OS) with products, tools, and utilities to solve your app building and composing problems: Easier, Better, Cheaper, and Faster. Bringing institutional grade engineering, security, UI/UX, and professional leadership and management to web3 to make it trustworthy to enterprises. Increased TAM, block space, optionality, and the ability to avoid single-chain functionality and tech risk.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ANDR | Market Cap | 1106739.627 |
| Name | Andromeda | White Paper | -- |
| Web Site | https://www.andromedaprotocol.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://andromeda.explorers.guru/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-01-20 |
| Available Supply | 44287300 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The current analysis of the K-line daily chart indicates a potential bearish trend with signs of consolidation. The asset has experienced a sharp decline from its peak, with a strong support level near the 0.0270-0.0275 range. However, recent price action suggests a possible reversal or consolidation phase. Volume has been increasing, which could indicate increased interest in the asset. The overall trend is bearish, but the market could be preparing for a bullish reversal or at least a consolidation period.
