MEME TOON (MEMETOON)
1. Fundamental Analysis
1.1 Introduce
MEME tokens are available by default in MEME Toons.In other words, membership benefits can be obtained by exchanging them with MT points, viewing webtoons, and collecting them with NFTs.Ultimately, by referring to market response data such as governance or tournaments, it aims to reliably and more easily launch the artist s creations to the OTT market or convert copyrights into NFTs to collect them.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MEMETOON | Market Cap | 42187.802983893 |
| Name | MEME TOON | White Paper | -- |
| Web Site | http://memetoon.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000000 | |
| Supply | 100000000000 | Release Date | 2023-08-24 |
| Available Supply | 9523206091.172337 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis indicates a recent downtrend culminating in a potential rebound. The price has experienced significant volatility, marked by large price swings and varying trading volumes. Initially, the data shows a strong downtrend from December 9th to December 20th characterized by progressively lower highs and lows. There is a phase of consolidation and stabilization from December 21st to December 30th with prices fluctuating within a narrow band but with no clear direction. The most recent price on January 1st shows a sharp increase indicating a potential bullish turn; however, the extremely low volume might suggest a lack of conviction in this reversal. The overall trading volume has also reduced substantially since December 19th suggesting weakening participation. The data reveals a shift from a downward momentum that needs further confirmation of the continuation of the reversal, the market behavior remains uncertain and needs a close observation. Given these mixed signals future trend predictions remain uncertain, a further analysis of next few session’s data is needed to clarify the direction, it might continue to range before the next big move or continue the uptrend that has commenced.
