Bitkub Coin (KUB)
1. Fundamental Analysis
1.1 Introduce
Bitkub Coin (KUB) is a native and utility coin of the Bitkub Chain that is used to fuel, operate, and govern the Bitkub Chain ecosystem. KUB has multiple utilities such as paying transaction fees, redeeming trading fee credit on Bitkub Exchange, and also transferring KUB to one another.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KUB | Market Cap | 177184670 |
| Name | Bitkub Coin | White Paper | -- |
| Web Site | https://www.bitkubchain.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bkcscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 110000000 | |
| Supply | 110000000 | Release Date | 2021-12-28 |
| Available Supply | 88850000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line data reveals a period of volatility followed by a potential stabilization phase and a subsequent slight downward trend. Initially, there s a noticeable downtrend characterized by high values in early December, reaching a peak at 2.7, then experiencing a sharp decline. This is followed by a period of substantial fluctuation. The trading volume is also relatively high throughout this volatile period, indicating active trading. Following this volatile period, we observe a period of consolidation where the price moves more horizontally, indicating some balance being reached. Towards the end of the analyzed data, from late December and into early January, a slight trend toward decreasing daily closing prices can be identified with significantly lowered trading volume, potentially indicating weakening buying pressure and the presence of a mild downtrend. This transition from high volatility to consolidation and then a slight downtrend is noteworthy. The final day shows a relatively low trading volume with a close near the low end for that particular day implying limited buyer engagement at that level. The absence of a significant upward trend in conjunction with this lowered volume could suggest that the downtrend might continue in the short term.
