LayerNet (NET)
1. Fundamental Analysis
1.1 Introduce
LayerNet is the first zk-based infrastructure on Solana, aiming to help onboard 900 million Telegram users to Solana, comparable to StarkEx behind IMX. LayerNet plans to create a dedicated space within Solana’s framework, accommodating 900 million Telegram users. In this space, users will enjoy zero gas fees while benefiting from Solana’s robust security. This space is compatible with existing Solana developers and infrastructure, including Phantom wallet.The LayerNet DApp will support applications for payments, social interactions, and gaming, similar to the current functionalities of TON. We aim to challenge the entire TON ecosystem based on Solana! Following Solana’s deployment of Blink on the X platform, we will build LayerNet on Telegram!
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | NET | Market Cap | 47683.35 |
| Name | LayerNet | White Paper | -- |
| Web Site | https://layernet.ai/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.solana.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 800000000 | |
| Supply | 800000000 | Release Date | 2024-07-25 |
| Available Supply | 282150000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.000169 | 0.000173 | 0.000167 | 0.000169 | 7217.2323957 |
| 2024-12-31 | 0.000169 | 0.000178 | 0.000165 | 0.000171 | 27235.9505894 |
| 2024-12-30 | 0.000179 | 0.00019 | 0.000165 | 0.000171 | 23032.0170691 |
| 2024-12-29 | 0.000184 | 0.000229 | 0.000168 | 0.00018 | 32913.6608633 |
| 2024-12-28 | 0.000187 | 0.000205 | 0.000174 | 0.000187 | 26712.7063377 |
| 2024-12-27 | 0.000192 | 0.0002 | 0.000176 | 0.000188 | 26098.8557242 |
| 2024-12-26 | 0.000194 | 0.000196 | 0.000172 | 0.000188 | 24666.8671878 |
| 2024-12-25 | 0.000232 | 0.000232 | 0.000181 | 0.000196 | 26665.0088482 |
| 2024-12-24 | 0.000272 | 0.000279 | 0.000221 | 0.000229 | 28630.8048815 |
| 2024-12-23 | 0.000228 | 0.000319 | 0.000217 | 0.000279 | 30148.8707373 |
| 2024-12-22 | 0.000308 | 0.000315 | 0.000216 | 0.000225 | 33227.9575372 |
| 2024-12-21 | 0.000222 | 0.000345 | 0.00022 | 0.00031 | 41664.4202334 |
| 2024-12-20 | 0.000265 | 0.000267 | 0.000218 | 0.000223 | 38171.632188 |
| 2024-12-19 | 0.000299 | 0.000325 | 0.000262 | 0.00027 | 39992.1755745 |
| 2024-12-18 | 0.000324 | 0.000394 | 0.000293 | 0.000299 | 45084.1208341 |
| 2024-12-17 | 0.000327 | 0.000365 | 0.000309 | 0.000329 | 62619.2770518 |
| 2024-12-16 | 0.000357 | 0.000638 | 0.00031 | 0.000326 | 113475.1603607 |
| 2024-12-15 | 0.000382 | 0.000425 | 0.000351 | 0.000356 | 80103.2826033 |
| 2024-12-14 | 0.000351 | 0.000485 | 0.000347 | 0.000371 | 75289.2708027 |
| 2024-12-13 | 0.000445 | 0.000449 | 0.000342 | 0.000351 | 119408.6156671 |
| 2024-12-12 | 0.000418 | 0.000462 | 0.000401 | 0.000449 | 164590.6328491 |
| 2024-12-11 | 0.000358 | 0.000418 | 0.000351 | 0.000417 | 128383.3300461 |
| 2024-12-10 | 0.000382 | 0.000411 | 0.00035 | 0.000358 | 88052.1795851 |
| 2024-12-09 | 0.000402 | 0.000405 | 0.000372 | 0.000382 | 86516.5990225 |
| 2024-12-08 | 0.00043 | 0.000437 | 0.000396 | 0.000399 | 98406.5513038 |
| 2024-12-07 | 0.000354 | 0.000437 | 0.000344 | 0.000426 | 75827.2336075 |
| 2024-12-06 | 0.000336 | 0.00036 | 0.000324 | 0.000347 | 52049.7803968 |
| 2024-12-05 | 0.000397 | 0.000409 | 0.000323 | 0.000343 | 44663.8227075 |
| 2024-12-04 | 0.000394 | 0.000419 | 0.000385 | 0.000397 | 45983.0397997 |
| 2024-12-03 | 0.000393 | 0.000397 | 0.000348 | 0.000391 | 37800.9516035 |
2.2 Analysis
The recent price action suggests a period of consolidation following a significant upward trend. While short-term volatility is expected, the overall outlook points towards a continuation of the upward trend in the medium to long term, albeit with potential temporary retracements. Increased trading volume during periods of price increases supports this projection. However, significant resistance levels may emerge near previous highs, potentially leading to short-term corrections. Close monitoring of volume and price action around these resistance points is crucial for accurate short-term predictions. A sustained break above these resistance levels would confirm further bullish momentum.
