AdaSwap (ASW)
1. Fundamental Analysis
1.1 Introduce
AdaSwap is building a gamified DEX for the Cardano network that enables the crypto community to easily swap Cardano-based tokens in seconds with low fees. As part of that project, it’s also creating a native Cardano NFT marketplace named ADANFT. AdaSwap will launch fixed, long-term and high-yield liquidity pools that will allow token holders to buy and sell Cardano-based tokens and NFTs.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ASW | Market Cap | 48718.543386842 |
| Name | AdaSwap | White Paper | -- |
| Web Site | https://adaswap.app/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10000000000 | |
| Supply | 10000000000 | Release Date | 2022-04-05 |
| Available Supply | 6355145237 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line daily chart analysis suggests a strong upward trend with occasional consolidation periods. The price has been consistently increasing over the past few days, indicating a bull market. The volume has been fluctuating, but it generally shows an increase during the upward trend, which supports the bullish sentiment. The chart shows a potential trend reversal pattern forming, which could indicate a continuation of the upward trend. The overall conclusion is that the asset is likely to continue its upward trend in the near future.
