Metaplex (MPLX)
1. Fundamental Analysis
1.1 Introduce
Metaplex is an open source protocol for the creation and use of digital assets on the Solana blockchain. The Metaplex Program Library (MPL) provides developers with on-chain utilities for building Metaplex NFTs, metaverses, and gaming applications. MPLX is the governance token of the Metaplex protocol and the Metaplex DAO. MPLX holders ultimately control the modification of the programs in the MPL through governance over the Metaplex DAO.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MPLX | Market Cap | 226348587.3 |
| Name | Metaplex | White Paper | -- |
| Web Site | https://www.metaplex.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.solana.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2022-09-20 |
| Available Supply | 757779000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.2981 | 0.3031 | 0.2971 | 0.2976 | 39434.812043 |
| 2024-12-31 | 0.3188 | 0.3201 | 0.2935 | 0.2981 | 411791.558555 |
| 2024-12-30 | 0.3047 | 0.351 | 0.3008 | 0.3189 | 1305847.637216 |
| 2024-12-29 | 0.2919 | 0.3259 | 0.2919 | 0.3048 | 629294.237654 |
| 2024-12-28 | 0.2883 | 0.33 | 0.2727 | 0.2919 | 1177172.027757 |
| 2024-12-27 | 0.2757 | 0.2904 | 0.2755 | 0.2884 | 253958.183208 |
| 2024-12-26 | 0.2832 | 0.2869 | 0.2754 | 0.2758 | 582725.209393 |
| 2024-12-25 | 0.2707 | 0.2946 | 0.2658 | 0.2831 | 1119299.844452 |
| 2024-12-24 | 0.2411 | 0.2849 | 0.2388 | 0.271 | 801866.942108 |
| 2024-12-23 | 0.2408 | 0.2427 | 0.2368 | 0.2412 | 267793.806071 |
| 2024-12-22 | 0.2277 | 0.2431 | 0.2277 | 0.2408 | 410522.552269 |
| 2024-12-21 | 0.2362 | 0.2362 | 0.2203 | 0.2278 | 2174261.03096 |
| 2024-12-20 | 0.2464 | 0.2466 | 0.2333 | 0.2362 | 973243.864425 |
| 2024-12-19 | 0.2734 | 0.2786 | 0.2189 | 0.2464 | 1355644.787391 |
| 2024-12-18 | 0.2901 | 0.2907 | 0.2723 | 0.2736 | 313788.725566 |
| 2024-12-17 | 0.2906 | 0.2907 | 0.2865 | 0.2895 | 446459.593895 |
| 2024-12-16 | 0.2999 | 0.3017 | 0.2885 | 0.2906 | 778036.586911 |
| 2024-12-15 | 0.3074 | 0.3077 | 0.2923 | 0.3006 | 1165320.295158 |
| 2024-12-14 | 0.326 | 0.3277 | 0.3001 | 0.3076 | 991630.020191 |
| 2024-12-13 | 0.33 | 0.3331 | 0.3215 | 0.3257 | 851541.151551 |
| 2024-12-12 | 0.3253 | 0.3358 | 0.3188 | 0.33 | 587996.126 |
| 2024-12-11 | 0.308 | 0.3343 | 0.3068 | 0.3256 | 653920.313216 |
| 2024-12-10 | 0.3183 | 0.32 | 0.3042 | 0.3077 | 801956.952868 |
| 2024-12-09 | 0.3554 | 0.3563 | 0.3099 | 0.3187 | 918533.765711 |
| 2024-12-08 | 0.3874 | 0.3875 | 0.3507 | 0.3555 | 569169.658298 |
| 2024-12-07 | 0.3482 | 0.3918 | 0.3481 | 0.3874 | 455584.749936 |
| 2024-12-06 | 0.3785 | 0.3796 | 0.346 | 0.3484 | 2044107.273464 |
| 2024-12-05 | 0.3532 | 0.3852 | 0.349 | 0.3782 | 297578.610891 |
| 2024-12-04 | 0.3364 | 0.3626 | 0.3364 | 0.3533 | 180080.745927 |
| 2024-12-03 | 0.3489 | 0.3497 | 0.3307 | 0.3363 | 259248.943009 |
2.2 Analysis
The analysis of the K-line daily chart indicates a strong bearish trend with significant volatility. The price has been consistently declining over the past few weeks, with notable bearish patterns and a sustained move below the 200-day moving average. The volume has shown a downward trend, suggesting that sellers are in control. Future trends are likely to see further price depreciation, with potential for a strong bearish reversal if the current trend continues.
