Evmos (EVMOS)
1. Fundamental Analysis
1.1 Introduce
Evmos is a highly scalable EVM-compatible layer one blockchain based on the proof-of-stake (PoS) consensus mechanism. Built on the Comet BFT consensus algorithm, and based on the Cosmos software development kit, Evmos facilitates super-fast transaction times, high throughput, and low costs. As a result, developers can build scalable decentralized applications (dApps) effectively in addition to being able to run Ethereum smart contracts on app-specific Cosmos networks.Evmos is compatible with Inter-Blockchain Communication (IBC) protocol – which is regarded as the safest and most secure means of moving tokens between several chains. The Inter-Blockchain Communication protocol enables Evmos to connect decentralized applications to various blockchains, thereby enabling users to take advantage of combined liquidity.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | EVMOS | Market Cap | 11545846.36 |
| Name | Evmos | White Paper | -- |
| Web Site | https://evmos.org/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://www.mintscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2022-04-28 |
| Available Supply | 512693000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line daily chart suggests a trend of consolidation with a potential for upward movement. The price has been fluctuating within a relatively tight range, indicating a period of indecision among traders. However, there are signs that suggest a shift towards a bullish trend, with the close prices consistently higher than the opening prices in recent days. The volume has been increasing, which may indicate growing interest in the asset. A cautious approach is recommended, with a watchful eye on potential breakout above the recent highs for a more definitive bullish trend.
