KTON
1. Fundamental Analysis
1.1 Introduce
DARWINIA network project is an open cross-chain bridge protocol based on Substrate, Darwinia focuses on the construction of future Internet of Tokens, including decentralized tokens swap, exchange and market, to encourage users to make long term commitments and pledge, users can choose to lock RING for 3 - 36 months in the process of Staking, and the system will offer a KTON token as reward for users participating in Staking.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KTON | Market Cap | 638658.125 |
| Name | KTON | White Paper | -- |
| Web Site | https://darwinia.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 145979 | |
| Supply | 145979 | Release Date | |
| Available Supply | 145979 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis reveals a highly volatile period with significant price fluctuations. Initial observations indicate a downtrend from early December, followed by a sharp and significant surge on December 26th, characterized by extremely high volume indicating a potential turning point or a climactic event. However, this surge was not sustained, with a resulting sharp correction and then a period of consolidation. The price action suggests the presence of both strong buying and selling pressures in the market, marked by wide trading ranges on several days, particularly December 26th and the period following, indicating a battle for control between bulls and bears. In the most recent week, there is evidence of failed attempts by the price to rally, suggesting underlying weakness. There is a lack of sustained upward momentum, price struggles to maintain any gains, and closes further back downwards as evidenced by the trading activity of the last few days. There could be further tests of the low points, though an extremely sharp sudden move upwards also is possible. There are significant levels of resistance and support being respected, but the resistance points seem to be holding with greater power than support at this moment. The data shows a gradual narrowing of price swings in most recent days, though this might be a deceptive sign and a new breakout could occur quickly. Market sentiment currently seems uncertain with significant pull back from the high values shown at the end of last year. The closing values have been on the decline for the past several days, suggesting a shift toward bearish sentiment and possibly further downwards price action. A decisive move beyond the recent price range will be needed to indicate a clear future price trend movement. The absence of consistent trends after December 26th makes a clear forecast challenging at this moment since the level of extreme volatility is indicative of potential further wild swings in one direction or the other. There s a lack of stable volume patterns, and that reinforces the general perception of uncertainty.
