Knit Finance (KFT)
1. Fundamental Analysis
1.1 Introduce
Knit Finance is the first wrapped protocol for creating cross-chain wrappers for multi-class assets on multiple-chains. Deposit to insured custody and mint wrapped kAssets on any chain users want. This opens up DeFi for the next Trillion dollars of assets while reducing congestion on Ethereum and helping DeFi take root on other chains. All the assets deposited are real-world insured, hence opening scope for large-scale deployment at minimal risk for individuals and institutions.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KFT | Market Cap | 137773.765 |
| Name | Knit Finance | White Paper | -- |
| Web Site | https://knit.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2021-09-02 |
| Available Supply | 50933000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The current trend is bearish with signs of consolidation. Future movement could indicate a potential bearish continuation or a bullish reversal. Volume remains high, suggesting strong market interest.
