Centrifuge (CFG)
1. Fundamental Analysis
1.1 Introduce
Centrifuge is a DeFi protocol built on Polkadot and bridged to Etheruem. We are proud to be one of the first protocols to enable decentralized financing for real-world assets. By doing this we are officially bridging DeFi to the multi-trillion real-world asset market. The Centrifuge Chain is a purpose-built chain that tokenizes cash flow generating real-world assets, such as loans, invoices, and royalties. Built on the Centrifuge Chain is the Tinlake Dapp, a smart contract platform, that administers collateralized pools of real-world assets to optimize risk allocation. Through Tinlake, Asset Originators can access bankless liquidity, and investors can earn attractive yields through an open investment protocol.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | CFG | Market Cap | 152571029 |
| Name | Centrifuge | White Paper | -- |
| Web Site | https://centrifuge.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://centrifuge.subscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 547748525 | |
| Supply | 547748525 | Release Date | 2021-05-27 |
| Available Supply | 510271000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart indicates a bearish trend with a potential for consolidation. The price has been declining from a high of approximately 0.5100 on December 9th to a recent low of around 0.3017 on January 1st. The volume has been fluctuating, but overall, there is a downward trend in volume, suggesting a lack of interest in buying at higher levels. The chart shows several lower highs and lower lows, confirming the bearish pattern. A potential reversal could occur if there is a significant increase in volume and the price manages to close above the recent highs.
