Bitfinity (BTF)
1. Fundamental Analysis
1.1 Introduce
Bitfinity Network redefines Bitcoin and cross-chain DeFi with a high-speed Layer-2 that brings Ethereum-like smart contracts to Bitcoin. By integrating Runes and BRC-20 (new fungible tokens on Bitcoin) with other cross-chain assets on Ethereum and ICP, Bitfinity supercharges Bitcoin’s ecosystem. Assets move securely between Bitcoin and Bitfinity through the Internet Computer’s Chain-Key Technology, harnessing one of the most robust and decentralized multi-party computation (MPC) systems for a fully trustless bridge. Secured by a subnet is fast and scalable, delivering 2-3 second block times with ~ 1-second finality.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BTF | Market Cap | 11914000 |
| Name | Bitfinity | White Paper | -- |
| Web Site | https://bitfinity.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.mainnet.bitfinity.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-11-19 |
| Available Supply | 100000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line daily chart suggests a potential downward trend with several consolidation patterns and a recent bearish reversal. The market appears to be in a phase of consolidation after a significant rally, indicating that the upward momentum may be waning. Future trends could include a continuation of the downward trend or a brief period of consolidation before another move lower.
