Firo (FIRO)
Firo (FIRO) is one of the earliest privacy coins, created by Poramin Insom and his team. It launched in September 2016 (under the name Zcoin, with the token ticker being XZC). At the beginning, Firo was the first cryptocurrency implementing the Zerocoin protocol designed by Matthew Green in 2013.
Firo is based on Bitcoin s source-code, with a GPU-friendly ASIC-resistant algorithm (Merkle Tree Function since 2018). Its total maximum supply is 21.4 million and block rewards are halved every four years.
Firo has activated its Lelantus privacy protocol on January 12 2021, which increases the anonymity set and hides change amounts while protecting transactional privacy without requiring a trusted setup. Lelantus is the result of Firo’s research team and its innovations are also being used in other privacy projects such as Beam (Lelantus-MW) and Monero (Triptych).
1. Basic Info
| Symbol | FIRO |
| Name | Firo |
| Web Site | https://firo.org/ |
| Explorer | https://explorer.firo.org/,https://chainz.cryptoid.info/firo/,https://firo.ccore.online/,https://bscscan.com/token/0xd5d0322b6bab6a762c79f8c81a0b674778e13aed |
| Supply | 21400000 |
| Total | None |
| Market Cap | 29317597.32924867 |
| White Paper | https://firo.org/about/tech/ |
| Release Date | 2016-09-28 |
2. Technical Analysis
2.1 Kline Price Chart
2.2 Analysis
The K-line chart shows a series of peaks and troughs, indicating a volatile market with significant price fluctuations. The opening and closing prices have been fluctuating, but the overall trend suggests a downward trend with occasional upward spikes. The trading volume has been high, indicating active participation in the market.
- The market has been experiencing a downward trend with occasional upward spikes.
- The trading volume has been high, indicating active participation and potential volatility.
- The downward trend may be due to negative market sentiment or external factors affecting the asset.
- The upward spikes may indicate short-term buying interest or speculative activity.
- The market may require further analysis to determine the underlying reasons for the downward trend.
- Traders should be cautious and monitor the market closely for potential reversals or continuation of the trend.
- The asset may be in a bearish phase, but there are opportunities for short-term trading or hedging strategies.
- Future trends may depend on various factors, including market sentiment, economic indicators, and news events.
- It is recommended to consider additional technical and fundamental analysis for a comprehensive view of the market.
- The market s volatility suggests that it may be suitable for aggressive traders looking for short-term opportunities.
