OpenGPU (OGPU)
1. Fundamental Analysis
1.1 Introduce
The OpenGPU Network aims to establish a true decentralized physical infrastructure network (DePIN) and an ecosystem on top of it for efficient distribution of computation-heavy tasks, such as AI training and inference, across a network of global peers.
By leveraging blockchain technology, OpenGPU presents an open and collaborative environment where individuals, small enterprises, and large organizations can contribute and utilize computational resources without relying on centralized procedures or entities.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | OGPU | Market Cap | 19604370.276541 |
| Name | OpenGPU | White Paper | -- |
| Web Site | https://opengpu.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000 | |
| Supply | 21000000 | Release Date | 2024-04-12 |
| Available Supply | 11961177.7160101 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The provided K-line daily chart data reveals a volatile period for the analyzed security. From December 22nd to December 27th there s a notable price decline after a strong bullish trend starting at 2.8 on December 22nd to a high of 2.942 on the 24th of following price volatility. This sharp downtrend culminates in a close of 1.77 on December 27th. This swift decrease indicates a strong selling pressure likely driven by profit-taking or negative market sentiment. The high volume observed during this period the peak volume recorded on December 28th at 1,052,695.14741 further validates the heightened activity and strong participation from traders.
A subsequent short-term rebound is visible with the price increase in the following days culminating on December 29th however the price dropped again on December 30 and 31 closing at 1.686 a value lower than where it started following its previous downtrend. The volume during this rebound although still significant was less intense suggesting a relatively weaker buying pressure after the sharp bearish move. The price action of December 27th particularly is notable for its wide trading range the low of 1.416 and a high of 2.198 indicates high volatility and a battle between bulls and bears although bears won on that day. This overall volatility signifies a period of uncertainty and instability in the market for the security. This period can also be characterized as a transition from sharp market correction to market consolidation with relatively low buying pressure.
The data shows a transition from a bearish market environment on December 26th to 27th towards a slightly bullish attempt to recover from December 28th to 29th. The initial severe correction seems to have exhausted itself leading to a weaker rebound phase. On the following day December 30th the price continues its downtrend indicating that the previous rebound was simply a short-lived positive correction and not a new bullish pattern. The analysis of December 31st and the new daily starting on January 1st reveals a continuation of the negative trend with no signs of strong recovery. The volume decreases and the price remains relatively stale with minor ups and downs during this period indicating market fatigue. The closing of 1.639 on January 1st highlights the uncertainty in the market. Overall the data indicates a severe corrective phase followed by a mild consolidation period with a still ongoing negative trend. Expect further downward pressure on the security in the short term.
