Basis Gold Share (BAGS)
1. Fundamental Analysis
1.1 Introduce
BAGS (Basis Gold Share) is a token of Basis Gold. Basis Gold is the first algorithmic stablecoin project on HECO. There are three tokens in the agreement, namely BAG (Basis Gold), BAGS (Basis Gold Share) and BAGB (Basis Gold Bond).
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BAGS | Market Cap | 4851.469 |
| Name | Basis Gold Share | White Paper | -- |
| Web Site | https://basisgold.cc/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://scan.hecochain.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000 | |
| Supply | 1000000 | Release Date | 2021-01-06 |
| Available Supply | 43865 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The price has been consolidating in a narrow range between 0.1013 and 0.1705 over the past few weeks. The volume has shown a significant increase on days with high volatility, suggesting that traders are active during these periods. The price has been forming higher highs and higher lows, indicating an uptrend. However, there is a possibility of a pullback due to the recent consolidation. A breakout above the recent highs at around 0.1506 could signal further upward momentum, while a breakdown below the recent lows at around 0.1013 could indicate a potential reversal.
