Bluzelle (BLZ)
BLZ is the Ethereum ERC20 token of Bluzelle project. Bluzelle is the next-gen database protocol for the decentralized internet. Bluzelle combines the sharing economy with the token economy - renting individuals computer storage space to earn tokens while dApp developers use tokens to have their dApp s data stored and managed.
1. Basic Info
| Symbol | BLZ |
| Name | Bluzelle |
| Web Site | https://bluzelle.com/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://etherscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 500000000 |
| Available Supply | 452684000 |
| Market Cap | 25576646 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 500000000 |
| Release Date | 2018-02-07 |
2. Technical
2.1 Kline Price Chart
2.2 Technical Analysis
The provided K-line data reveals a period of significant volatility and subsequent price stabilization. Starting from mid-December 2024, the price experienced a dramatic decline from a high point above 0.17 to a low near 0.05. This sharp drop was accompanied by extremely high trading volumes, indicating strong selling pressure and panic. Following the rapid decline, a period of consolidation began around the 0.05 to 0.06 price range. Trading volumes decreased substantially during this period, suggesting weakening selling pressure. Recent days, the price trend is fluctuating in a small range.
More specifically, the period from Dec 16th to Dec 25th is a period of volatile decline with high trading volume. The price went from 0.15742 to 0.05627. This high volume suggests a strong market sentiment change. After December 25, the price enters a consolidation phase with a significantly lower volume. The price ranges between 0.05 and 0.06 after entering 2025. On 2025-01-05, the price closed at 0.05712 with volume at 24653.0, indicating a potential support point and decreasing trading activities.
Overall, the price action suggests an initial period of high volatility and downward pressure followed by a phase of stabilization. There is no clear sign of a reversal pattern. Based on the given K-line data, a period of continued sideways movement is most likely, with less aggressive volatility. The price is expected to continue its consolidation within the recent range unless new drivers emerge.
