LAVA
1. Fundamental Analysis
1.1 Introduce
LAVA is the native coin of Elysium blockchain, the Layer 1 by Vulcan Forged. Vulcan Forged is at the forefront of blockchain innovation, pioneering a revolution in the gaming world. With Elysium, our cutting-edge layer 1 blockchain, we ve created a robust, secure, and scalable infrastructure tailored explicitly for gamers. Our game studio, Vulcan Studios, produces immersive and captivating blockchain games, while MetaScapes, our Metaverse as a Service system, empowers creators to forge their own unique metaverses. Vulcan Forged offers a dynamic ecosystem that merges blockchain technology and gaming seamlessly, as we position ourselves as the gateway to a new era of gaming, offering unprecedented ownership of in-game assets and experiences.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LAVA | Market Cap | 4559601.9 |
| Name | LAVA | White Paper | -- |
| Web Site | https://vulcanforged.com | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://blockscout.elysiumchain.tech/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2023-11-08 |
| Available Supply | 375585000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The overall trend from 2024-12-03 to 2025-01-01 shows significant volatility with distinct phases. Initially, there is a period of strong upward movement culminating in a high on 2024-12-05, accompanied by extremely high volume, suggesting strong buying pressure. Following this peak, a sharp correction or retracement occurs. The price then consolidates in December, oscillating within a range and generally trending downward. This oscillation is characterized by frequent large price fluctuations. Towards the end of December, between 2024-12-18 approximately to 2025-01-01, a period of lower volatility and downward price pressure is seen, with smaller range trading. The extremely high volume seen on 2024-12-05 appears to be an outlier.
Specifically, the early data shows increased volume and sharp price increases followed by volatile declines. There is a clear resistance point around 0.02, hit on multiple occasions but not sustained. The price appears unable to hold above the 0.019 mark, especially around 2024-12-06 to 2024-12-08. In mid-December, after the initial volatility, the price trended downwards from roughly 0.016 to 0.012. There are some attempts at upwards corrections, but these quickly dissipate. Volume shows a spike at the beginning of December and then generally declines, apart from a minor peak around 2024-12-19. This indicates waning interest from investors throughout the latter part of December. The most recent days, from 2024-12-29 to 2025-01-01, indicate low volumes and little price movement, suggesting indecision or no clear trend. The closing price on 2025-01-01 is lower than any earlier date, implying bearish momentum and increasing selling pressure relative to buying pressure. The price continues to decline and appears to be facing resistance at around the 0.012 level near end of year 2024. The data shows that throughout December the prices are volatile but generally decreasing, with the most recent data suggesting a continuation of the downward trend, with the possibility of a support level being tested around 0.0115. The very small amount volume on 2025-01-01 suggests market is indecisive and or a bear market will continue near term. The initial large movements and high trading volumes have tapered off significantly.
3. News Analysis
3.1 News
20241231
- Bybit will launch Lava (LAVA) spot trading ↑
20241213
- Lava Network passes Proposal #28 to extend LAVA token lockup to January 2026 ↑
3.2 Analysis
The data, though sparse, points towards a calculated strategy concerning Lava Network and its LAVA token. Specifically, the impending listing on Bybit alongside the deliberate extension of the token lockup period reveals a coordinated effort to manage price volatility and potentially engineer a scarcity effect. The timing of the Bybit listing, occurring after significant token lockup adjustment, suggests a move to capture immediate market demand while limiting sell pressure. This could be a method to establish a higher initial price point and build a strong opening market sentiment around LAVA. The extended lockup, a move typically undertaken to demonstrate commitment from stakeholders and prevent substantial token dumps, further reinforces control and long-term value emphasis. Investors will likely interpret these actions positively initially, anticipating further price gains, but the market could be prone to volatility depending on the trading volume post-listing and how market sentiment reacts to the extended token lockup. This also signifies that Lava Network is likely pursuing a more sustained growth strategy, potentially sacrificing short-term gains for longer market stabilization and brand building through enforced scarcity. The trend suggests that LAVA’s trajectory, at least in the near term, is influenced by these controlled market conditions. Future developments will need to be observed regarding how well the ecosystem grows and supports long-term value proposition. We should expect further announcements regarding community engagement and continued strategic moves centered around controlling both token accessibility and circulation.
