Tokenlon (LON)
1. Fundamental Analysis
1.1 Introduce
Tokenlon is a decentralized transaction payment settlement protocol based on the blockchain network. In order to achieve a neutral and robust transaction payment settlement protocol, Tokenlon itself needs to be integrated with the blockchain and become a part of the entire decentralized network. Through the design of the token economic mechanism and the governance model of community autonomy, we coordinate all network participants to motivate, reward, and sustainably promote the positive development of Tokenlon.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LON | Market Cap | 88280270.7 |
| Name | Tokenlon | White Paper | -- |
| Web Site | https://tokenlon.im | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 200000000 | |
| Supply | 200000000 | Release Date | 2020-09-26 |
| Available Supply | 116943000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The most recent trading day shows a minimal price movement with the open, high, low, and close all at 0.7549 and a significantly reduced volume of just 27.65. Prior to this, we observe a sharp decline on December 31st, with a price drop from 0.8148 to 0.7549 on substantial volume, creating a potential bearish engulfing pattern. The preceding days, from December 23rd through December 30th, display mostly consolidation and low volatility with minor price differences. December 28th shows a minor volatile day with a small price range but with a high volume, indicating a potential battle between buyers and sellers.
December 20th through 22nd represent a relatively stable period with minor variation, though the high volume on 20th shows a key day prior to this period of stability. There are large price swings and high volumes over the mid December section, specifically on 19th, 18th and 12th, indicating a period of heightened market activity. The closing price on December 12th at 0.8520 reflects a bullish move with a significant price spread and high trading volume and this is potentially a high point to see a potential future reversal. Earlier in December, from the 3rd to the 11th, the price mostly fluctuates near the 0.83 level with moderate trading volumes.
A noticeable downward trend is present starting with the significant price movement and a sharp decline on December 9th and leading the price to the lower 0.70s indicating a selling pressure. Following that, a mild recovery occurs with some consolidation, until the sharp drop seen on December 31st. From this, a period of indecision is currently occuring, with the most recent price staying steady on low volumes. It is imperative to monitor the subsequent few days for any major changes in trend. There are clear market shifts with significant volatility during the middle of the analyzed period. These moments could be a turning point in terms of market sentiment and potential future trends. Overall, the recent price action presents a mixed picture, it had undergone volatile moves with peaks and sharp declines, the latest trading day suggests potential indecision in the market.
