Ares Protocol (ARES)
1. Fundamental Analysis
1.1 Introduce
Ares protocol is a random Oracle solution built on substrate, which supports hybrid BABE and Off-Chain Worker. It is the first decentralized cross-chain Oracle service protocol that can realize on-chain verification, and also open up a compensation channel for data users who suffer business losses due to using Oracle data in Polkadot eco. It integrates On-Chain governance, brings the optimistic rollup challenge model into the realm of Oracle, supports ink contract, and brings a quality Oracle experience to the DeFi eco. As an infrastructure builder bridging the real world and the Blockchain network, facing the grand vision of the Web3.0 era, it provides secure and reliable data services for the development of digital economy and communication between multiple chains.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ARES | Market Cap | 159290.8359 |
| Name | Ares Protocol | White Paper | -- |
| Web Site | https://www.aresprotocol.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2021-04-30 |
| Available Supply | 295147000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The current analysis of the K-line daily chart suggests a bearish trend with a potential reversal. The asset has been trading within a descending channel since mid-December 2024, with the price consistently finding resistance at higher highs and support at lower lows. The volume has been decreasing, indicating a lack of interest in continuing the upward trend. A potential bullish reversal may be forming, but it requires further confirmation with a higher close above the resistance level.
