DREP
1. Fundamental Analysis
1.1 Introduce
DREP is committed to building connectors and toolkits based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID and DREP SDK, DApp teams are able to release multi-public-chain asset versions, built-in wallets and asset trading platforms with one-click. DREP proposes the concept of Smart Pipeline technology, which greatly improves data processing ability, similar to a layer2 solution with strong scalability and zero gas consumption. DREP upgrades advanced technology solutions into APIs and Plug-ins, thus lowering blockchain learning costs, development difficulty and complexity on the application/enterprise side. So far, DREP has been docking with a number of internet platforms with millions of active users in Australia, the Middle East and Southeast Asia.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DREP | Market Cap | 210680.754 |
| Name | DREP | White Paper | -- |
| Web Site | https://www.drep.org/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10000000000 | |
| Supply | 10000000000 | Release Date | 2021-03-26 |
| Available Supply | 57406200 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart data suggests the following conclusions:
- Price Trend: The asset has been experiencing an upward trend in the past few days, with a strong close near the highs of the day.
- Volatility: The asset has shown high volatility over the past week, particularly around the last few trading sessions.
- Volume: There is a significant increase in trading volume in the last few days, which could indicate a strong sentiment shift or potential price movement.
- Resistance: The asset has faced resistance around the 0.0045 level, which could be a potential area for future price action.
- Support: The asset has found support around the 0.0038 level, which could serve as a floor for the price in the near future.
- Range: The price has been trading within a range of approximately 0.0038 to 0.0055 over the past few weeks.
- Pattern: The chart may be forming a bullish trendline, with higher highs and higher lows.
- Future Trend: The asset is likely to continue its upward trend in the short term, with potential for a breakout above the resistance level.
- Risk: There is a possibility of a pullback or consolidation before the next potential upward movement.
- Conclusion: Overall, the asset is in an upward trend with high volatility and potential for further growth.
