Liquid Staking Derivative (LSD)
1. Fundamental Analysis
1.1 Introduce
LSD is a liquid staking aggregator protocol based on algorithms that detect and calculate the best possible solution for the highest APY. LSD uses a proprietary smart contract to manage and automatically rebalance the portfolio to generate the best APY’s for its investors.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LSD | Market Cap | 65557.8 |
| Name | Liquid Staking Derivative | White Paper | -- |
| Web Site | https://www.lsdprotocol.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 4200000 | |
| Supply | 4200000 | Release Date | 2022-11-11 |
| Available Supply | 4200000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The recent K-line chart indicates a notable downtrend punctuated by periods of consolidation and attempted reversals. The final trading day shows a significant drop in price with a large volume, suggesting strong bearish sentiment. Prior to this drop, the price experienced a period of volatility with both upward and downward movements, but ultimately failed to sustain positive momentum. The trading volume fluctuated significantly, with the largest volumes often coinciding with price decreases, confirming stronger selling pressure. The period from December 19th to December 24th showed a sharp decline after a peak at 0.021999 indicating significant investor sell off. Following this decline the price tried to consolidate in the range between 0.017 and 0.019 but finally failed to sustain any upward rally. The most recent day has a significantly low closing price which could be indicative of further declines. The absence of clear upward trend indicators suggests continued bearish pressure in the short term. A significant resistance level seems to be established in the 0.02 area. The price fluctuations are considerable, showing increased market uncertainty. The price shows an overall downward pattern, indicating the dominance of sellers. The substantial increase in volume accompanying the price decline on the last day amplifies the bearish outlook suggesting that future movement may tend toward lower prices. There are no clear signs of strong buying pressure, suggesting that the downward trend is likely to persist or consolidate at lower levels for a certain period.
