BiFi (BIFIF)
1. Fundamental Analysis
1.1 Introduce
BiFi (Bifrost Finance) is the Decentralized Finance (DeFi) project powered by the multichain technology of Bifrost. Bifrost enables BiFi to be more scalable and transparent than other DeFi services.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BIFIF | Market Cap | 1461542.649 |
| Name | BiFi | White Paper | -- |
| Web Site | https://bifi.finance | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2021-01-03 |
| Available Supply | 584851000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line daily chart analysis suggests a potential bearish trend with a possibility of a temporary bullish reversal. The market has been experiencing lower highs and lower lows, indicating a downward momentum. However, there are signs of consolidation and a potential for a short-term uptrend. The high volume on certain days suggests strong interest in the asset, which could be a catalyst for price movement. Overall, caution is advised, as the market may continue to decline or could see a brief rally before resuming its downward trajectory.
