KingdomX (KT)
1. Fundamental Analysis
1.1 Introduce
KingdomX is a metaverse medieval game designed around gamefi protocol. Gamers and stakers are able to build, collect, mint, compete, and earn through our deflationary KingsLanding Protocol. Our double trifold mechanics (Repu - Hero - KT) or (Mint - burn - reward) is designed to project the game engine into a long-term moon ride.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KT | Market Cap | 331944.531 |
| Name | KingdomX | White Paper | -- |
| Web Site | https://kingdomx.co/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2022-02-09 |
| Available Supply | 309390000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The provided K-line data displays a volatile period with noticeable shifts in price action and volume over the observed timeframe. Early December 2024 shows a period of relative price stability at 0.0011403 with almost no trading activity, indicated by extremely low or zero volume. This stable phase is immediately followed by a period that exhibits significant price fluctuations and varying volume, suggesting increased market interest and volatility thereafter.
The data from December 6th to December 12th shows increased trading and price movement beginning with a large upward surge to 0.0011717 on December 6th followed by downward pressure. Prices then trended downwards to a low around 0.001031 on Dec 5th and then an attempt to regain lost ground. Notably, the volume varies significantly during this phase, this period indicates potential market indecision. This indicates a potential weakening of the previous high. The price then attempts to retest 0.0011403 but does not sustain its retest.
December 13th onwards sees the price establish a high at the 0.0011403 level but this level is not sustained and volume decreases drastically. Subsequent price action between December 15th and December 21st is mixed, with attempts to rally and also sell off.
The data from December 22nd through December 25th shows a mix of small movements with the price ultimately declining from 0.0011228 on December 23rd to 0.0010388 on Dec 25th.
From December 26th to December 30th, we see a further decrease in the price level with high selling volumes. The price hits a low of 0.0009925 on December 30th. This downwards movement suggests a strong bearish momentum in play. The period shows a clear downward trend, especially from December 27 to December 30, demonstrating selling pressure and significant price decreases.
The final entries for December 31st and January 1st show an initial rebound followed by stability, culminating in a closing price of 0.0010729 on January 1st. However, the data ends the period with the price closing closer to the lows observed in the data sample. It shows the price closing at almost the exact same opening price, and small increases in volumes. This indicates that the market has a degree of uncertainty with buying and selling pressure balancing itself out on Jan 1st.
Overall, the analysis of the K-line data suggests a transition from a period of stability at a high price to a more volatile phase followed by a notable downtrend, concluding with a rebound and temporary stabilization. There is no clear long-term trend observable and the next period could be volatile depending on the underlying market sentiments and news. The volume changes are likely indicators of shifting market sentiment. Potential future price movements require close observation of volume and price action for confirmation. The data suggests a risk of more drops in value although the final day s trading shows signs of potential recovery.
