Joystream (JOYSTREAM)
1. Fundamental Analysis
1.1 Introduce
Joystream is a L1 blockchain and video platform protocol. It s the leading video focused Web3 social platform, with cutting edge features like Social Tokens, Video NFTs, a public social graph, built in content storage and content delivery, and very active DAO. Today the project is seeing phenomenal sustained 10% weekly growth in videos and creators through its Creator Partner Program, which rewards creators for synchronizing their content from YouTube to Joystream. The project has received over $13M in VC funding from DCG, Hypersphere, Defi Alliance, OKX and others, and was in 4 years of intensive development before mainnet launch December 2022.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | JOYSTREAM | Market Cap | 5994639.197184 |
| Name | Joystream | White Paper | -- |
| Web Site | https://www.joystream.org/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://joystream.subscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1014000000 | |
| Supply | 1014000000 | Release Date | 2023-06-20 |
| Available Supply | 1064389062 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line analysis suggests a strong upward trend in the market with a significant increase in trading volume. The price has been consolidating in a higher range over the past few days, indicating a potential for further upward movement. The recent high volumes suggest strong buying interest, and the closing prices are consistently higher than the opening prices, pointing to a bullish market sentiment. Future trends may include continued upward momentum, with potential for a pullback before the next significant uptrend.
