BENQI
1. Fundamental Analysis
1.1 Introduce
BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BENQI | Market Cap | 85046539.46 |
| Name | BENQI | White Paper | -- |
| Web Site | https://app.benqi.fi | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://cchain.explorer.avax.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 7200000000 | |
| Supply | 7200000000 | Release Date | 2021-08-19 |
| Available Supply | 5127610000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The current trend in the K-line daily chart indicates a potential bearish reversal. The price has been consistently falling over the past few weeks, with the recent close being below the opening price of the previous day, suggesting bearish sentiment. The volume has been increasing, indicating strong selling pressure. The chart shows a series of lower highs and lower lows, which is a bearish pattern. Future trends may continue to be bearish, with a possibility of a significant price drop.
