LuckyCoin (LKY)
1. Fundamental Analysis
1.1 Introduce
Luckycoin is recognized as the oldest and first memecoin in crypto as a PoW Layer 1 blockchain. Launched in 2013, Luckycoin s codebase was used by Dogecoin to fork into what is now a $60 billion marketcap meme culture phenomenon. After a period of several years, Bitcoin developers found a way to revive Luckycoin in August 2024 with blocks up to 81,743 restored from a Bitcointalk file.
Luckycoin was the first meme to introduce a "lucky" mining rewards system for miners, adding a fun and innovative twist to blockchain technology at the time.
Luckycoin is currently merge mined with Litecoin and Dogecoin by:
- Binance Mining Pool
- ViaBTC
- F2Pool
- Antpool
- Cloverpool
Miningdutch
1.2 Basic Info
Name Value Name Value Symbol LKY Market Cap 20854600.2 Name LuckyCoin White Paper -- Web Site https://luckycoinfoundation.org/ Is ICO None Wallet -- Raised Funds - Source -- Distribution - Explorer https://luckyscan.org Algorithm -- Forum -- Proof -- Mining Total 20000000 Supply 20000000 Release Date 2023-05-01 Available Supply 19637100
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.812 | 1.2 | 0.773 | 1.061 | 39932.10587 |
| 2024-12-31 | 0.775 | 1.03 | 0.506 | 0.8 | 325767.09747 |
| 2024-12-30 | 1.121 | 1.177 | 0.695 | 0.789 | 150327.40031 |
| 2024-12-29 | 1.252 | 1.589 | 1.012 | 1.13 | 123609.5103 |
| 2024-12-28 | 1.254 | 1.488 | 1.0 | 1.28 | 237254.87644 |
| 2024-12-27 | 2.615 | 2.693 | 1.02 | 1.248 | 624306.26139 |
| 2024-12-26 | 4.243 | 4.464 | 1.541 | 2.631 | 474595.23315 |
| 2024-12-25 | 5.132 | 5.18 | 4.196 | 4.388 | 57905.35483 |
| 2024-12-24 | 4.61 | 5.159 | 4.014 | 5.06 | 78859.25208 |
| 2024-12-23 | 5.094 | 5.387 | 4.5 | 4.561 | 77523.68602 |
| 2024-12-22 | 5.915 | 6.728 | 4.909 | 5.1 | 135442.02749 |
| 2024-12-21 | 6.0 | 7.599 | 5.79 | 5.911 | 239162.41787 |
2.2 Analysis
The current trend in the K-line daily chart indicates a bearish market with potential for a strong downward trend. The price has been consistently declining from late December 2024, with significant volume spikes at key points indicating strong selling pressure. A potential reversal may occur if support levels are breached, but the overall bearish sentiment suggests a continuation of the downward trend in the near term.
