Monsoon Finance (MCASH)
1. Fundamental Analysis
1.1 Introduce
When cryptocurrencies are inevitably used as forms of payment for everyday goods and services, privacy is paramount, otherwise anybody you pay can instantly know your net worth. For example, if you go to the grocery store now to buy some food, the grocery store cannot ask your bank for your net worth or transaction history. However, all this data is public with blockchains. Therefore businesses can make judgments about you, or worse, adjust their pricing, based on your net worth. Monsoon Finance is a multi-chain privacy protocol that solves this issue by building a suite of privacy tools that can be used by every DeFi user of every smart contracts blockchain. Monsoon uses zk-SNARKs to break the link between cross-chain and wallet-to-wallet transactions.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MCASH | Market Cap | 4299.08376 |
| Name | Monsoon Finance | White Paper | -- |
| Web Site | https://monsoon.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://polygonscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2021-09-30 |
| Available Supply | 12644364 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line daily chart shows a strong upward trend with a few periods of consolidation. The volume has been increasing over time, indicating strong buying interest. The recent consolidation phase may be a temporary pause before the next uptrend. The price is currently near the upper boundary of the recent consolidation range, suggesting a potential for a breakout to the upside. Future trends may show a continuation of the upward trend with possible increased volatility as the market approaches the upper boundary of the consolidation range.
