Cherry Token (CHER)
1. Fundamental Analysis
1.1 Introduce
The Cherry Project is a Decentralized Autonomous Organization developing a layer one blockchain network optimized for data operations. Cherry serves as a purpose-specific infrastructure for decentralized applications handling data. Built on Substrate, it implements state-of-the-art cryptographic standards to provide for second layer scalability (zkSNARKs) and features a node-level IPFS integration that allows the Cherry Virtual Machine to natively interface with an indexed queryable data storage and referencing facility. This novel native node to IPFS communication mechanism allows smart contracts to interact with an updated state of the data in runtime. These advanced features come prebuilt in our core and are accessible on other blockchains through Cherry’s interoperability channels. Decentralized applications built on Cherry or many of the most renowned decentralized networks can now leverage Cherry’s features to augment their dApps. Most of the complexities of building-integrated web3 applications handling data are, thus, abstracted away to the core, allowing smart contract developers to rely on a rich base layer toolkit, and ultimately focus on best serving their customers.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | CHER | Market Cap | 84720 |
| Name | Cherry Token | White Paper | -- |
| Web Site | https://cherry.network | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 80000000 | |
| Supply | 80000000 | Release Date | 2018-03-03 |
| Available Supply | 80000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
Market is currently showing signs of consolidation. A potential trend reversal upwards could be forming as volume has been decreasing, but prices are holding steady above the recent lows. Look for a continuation of the upward trend with a focus on the resistance level around 0.001248.
