Solchat (CHAT)
1. Fundamental Analysis
1.1 Introduce
Solchat is a communication protocol on the Solana blockchain, offering text, voice, and video calls similar to Web2, but in a Web3 environment. It utilizes Solana s low gas fees and stores messages and group chats on-chain. Privacy is a priority, with encrypted interactions and peer-to-peer audio/video calls via WebRTC to enhance security.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | CHAT | Market Cap | 5944617.8344 |
| Name | Solchat | White Paper | -- |
| Web Site | http://www.solchat.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.solana.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10000000 | |
| Supply | 10000000 | Release Date | 2024-01-12 |
| Available Supply | 8993370.4 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The price is showing signs of a possible reversal. The recent high volume on the 2024-12-03 and the subsequent lower highs suggest bearish sentiment. The downward trend could continue with a potential break below the 1.094 level. A strong support level is seen around 1.068, which if broken, could lead to further downward movement. The overall market is bearish, with a high likelihood of price consolidation in the near term.
