Lybra Finance (LBR)
1. Fundamental Analysis
1.1 Introduce
The Lybra Protocol is a groundbreaking decentralized protocol designed to bring stability to the volatile world of cryptocurrency. Built on LSD (Liquid Staking Derivatives), the protocol initially leverages Lido Finance-issued ETH proof-of-stake and stETH as its primary components, with plans to support additional LSD assets in the future.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LBR | Market Cap | 6153545.94 |
| Name | Lybra Finance | White Paper | -- |
| Web Site | https://lybra.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2023-04-22 |
| Available Supply | 72995800 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The recent K-line data indicates a significant downward trend. From December 1st to December 17th, there was a general decrease in the price, with significant volatility demonstrated by large fluctuations in intraday trading. Notably the period spanning December 10th to December 16th showcased relatively high trading volumes coupled with price swings, while the market found a relatively high point roughly around December 14th and 15th. Following December 17th, the price experienced substantial downward movement including multiple consecutive days of lower prices. The large volume on those days also corroborates the downward pressure. The closing prices demonstrate a tendency for the market to fall dramatically from higher positions. Looking closer at the period from December 18th to December 21st the price was unstable and then experienced a rebound from December 22nd to early the 25th. The initial high volume surge and extreme price peaks in the earlier data periods signal possibly investor enthusiasm followed by profit taking and a market correction. December 26th to the 27th witnessed low price movement before declining again. The period between December 28th and December 30th showed a slight recovery. However, these gains are not significant enough to suggest a change in trend. The day of December 31st and January 1st confirms trend continuation. The current market trend is decisively bearish. There is clear evidence of strong selling pressure and the relative stagnation of prices at lower levels, especially as we move to December 31st and January 1st. The substantial volume figures during the initial price decline from mid-December to later suggests that trend is being adopted by a significant portion of market participants. While some minor price recoveries can be observed they do not appear robust enough to indicate a potential reversal. The overall market direction remains downward and while future volatility might trigger short lived rallies, the dominant trend suggests caution and the possibility of additional price falls. The technical analysis of the K-line indicates that the market will likely continue its general downtrend in short to medium term.
