Swarm (BZZ)
1. Fundamental Analysis
1.1 Introduce
Swarm is a decentralised storage and communication system for a sovereign digital society. Swarm is a system of peer-to-peer networked nodes that create a decentralised storage and communication service. The system is economically self-sustaining due to a built-in incentive system enforced through smart contracts on the Ethereum blockchain.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BZZ | Market Cap | 26503803.18 |
| Name | Swarm | White Paper | -- |
| Web Site | https://www.ethswarm.org/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 63149437 | |
| Supply | 63149437 | Release Date | 2021-05-15 |
| Available Supply | 63149400 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The trend in the K-line daily chart shows a significant downward momentum. There has been a steady decrease in the closing prices over the past few weeks, indicating a bearish trend. The volume has been fluctuating but generally remains high, which suggests strong interest in the market. The price has tested and fallen below the previous support levels, and there is a possibility of further downward movement. A consolidation period might follow, but the overall trend is bearish with a potential for further decline.
