Bifrost (BNC)
1. Fundamental Analysis
1.1 Introduce
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain Slot Auction (SALP). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grant. It is also a member of the Substrate Builders Program and Web3 Bootcamp.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BNC | Market Cap | 10903183.68 |
| Name | Bifrost | White Paper | -- |
| Web Site | https://bifrost.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bifrost-kusama.subscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 80000000 | |
| Supply | 80000000 | Release Date | 2021-10-21 |
| Available Supply | 45110400 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line chart shows a strong upward trend with a few pullbacks. The market has been consistently moving higher over the past few weeks, indicating a strong bullish sentiment. However, there are signs of consolidation and potential reversal points. The volume has been increasing, suggesting strong participation in the upward movement. Future trends may see continued upward momentum with potential pullbacks or consolidation.
