Constellation (DAG)
1. Fundamental Analysis
1.1 Introduce
Constellation Network leads Web3 with a blockchain infrastructure that positions businesses at the forefront of data and commerce in the stakeholder economy and helps individuals become datapreneurs. Constellation have hosted 70+ companies in our accelerator program and helped them build world-class applications, including Alkimi and Geojam. Constellation s Hypergraph network 1.0 is validated by 120 full nodes that earn our DAGX cryptocurrency for maintaining the state of the network. Constellation are also distinguished by Constellation s two layers of consensus, L0 and L1, which achieves speed and scalability. Recently, Constellation introduced the Dor Traffic Miner, a data-collection and analysis device that also earns crypto for the owner.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DAG | Market Cap | 181653500 |
| Name | Constellation | White Paper | -- |
| Web Site | https://constellationnetwork.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mainnet.dagexplorer.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 4000000000 | |
| Supply | 4000000000 | Release Date | 2018-06-21 |
| Available Supply | 3550000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line chart shows a bearish trend with a possible reversal. The price has been declining from a high of 0.09104 on December 3rd, and has experienced a significant drop in volume. The price has found support at around 0.07174, but has yet to break above the previous resistance levels. The RSI is below 30, indicating oversold conditions, and the MACD has crossed below the signal line, suggesting a potential bearish trend. Future trends could see a continuation of the bearish trend or a reversal, with a potential for price to move above the previous resistance levels if buyers step in.
