Opium (OPIUM)
1. Fundamental Analysis
1.1 Introduce
Opium is a protocol which allows for creating, settling, and trading of decentralised derivatives. As an open and universal protocol, anyone can use Opium to build and launch decentralised financial derivative contracts. Through combining oracle recipes with derivative recipes, virtually any type of financial derivative can be created. Traders of derivatives on Opium receive their positions as a token which can be transacted, traded and stored in cold wallets.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | OPIUM | Market Cap | 832767.688 |
| Name | Opium | White Paper | -- |
| Web Site | https://www.opium.network | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | |
| Available Supply | 17517200 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.04754 | 0.04754 | 0.04754 | 0.04754 | 0.0 |
| 2024-12-31 | 0.04603 | 0.04756 | 0.04603 | 0.04754 | 14.3071936 |
| 2024-12-30 | 0.0459 | 0.0459 | 0.04536 | 0.04536 | 3.6360198 |
| 2024-12-29 | 0.04756 | 0.04756 | 0.04539 | 0.04633 | 14.8123551 |
| 2024-12-28 | 0.04934 | 0.04994 | 0.04578 | 0.04756 | 261.7728447 |
| 2024-12-27 | 0.04934 | 0.04934 | 0.04934 | 0.04934 | 1.0997886 |
| 2024-12-26 | 0.04875 | 0.04875 | 0.04875 | 0.04875 | 8.990475 |
| 2024-12-25 | 0.04875 | 0.04875 | 0.04875 | 0.04875 | 1.009125 |
| 2024-12-24 | 0.04815 | 0.04875 | 0.04697 | 0.04875 | 11.5003229 |
| 2024-12-23 | 0.04697 | 0.04697 | 0.04697 | 0.04697 | 0.0 |
| 2024-12-22 | 0.04775 | 0.04874 | 0.04697 | 0.04697 | 19.37032 |
| 2024-12-21 | 0.04756 | 0.04815 | 0.04697 | 0.04697 | 29.6036775 |
| 2024-12-20 | 0.04934 | 0.05113 | 0.04102 | 0.04755 | 97.2400316 |
| 2024-12-19 | 0.05113 | 0.05698 | 0.04815 | 0.04815 | 210.2994208 |
| 2024-12-18 | 0.0559 | 0.0559 | 0.04994 | 0.05053 | 90.7859825 |
| 2024-12-17 | 0.05804 | 0.05928 | 0.0559 | 0.0559 | 103.3600205 |
| 2024-12-16 | 0.05721 | 0.05766 | 0.05647 | 0.05742 | 6.69277 |
| 2024-12-15 | 0.05928 | 0.07132 | 0.056 | 0.05766 | 466.3054511 |
| 2024-12-14 | 0.06182 | 0.06182 | 0.05854 | 0.05854 | 19.7130666 |
| 2024-12-13 | 0.0535 | 0.07192 | 0.0535 | 0.06182 | 590.73589 |
| 2024-12-12 | 0.06063 | 0.06374 | 0.04876 | 0.05451 | 366.6712106 |
| 2024-12-11 | 0.06004 | 0.07407 | 0.04876 | 0.06182 | 1219.1350081 |
| 2024-12-10 | 0.05944 | 0.06123 | 0.05528 | 0.06004 | 170.2237958 |
| 2024-12-09 | 0.06301 | 0.06301 | 0.0583 | 0.05928 | 58.7729455 |
| 2024-12-08 | 0.06335 | 0.06335 | 0.06182 | 0.06182 | 21.4656489 |
| 2024-12-07 | 0.06182 | 0.06888 | 0.06048 | 0.06341 | 489.9595151 |
| 2024-12-06 | 0.05707 | 0.0642 | 0.05661 | 0.06242 | 48.3279107 |
| 2024-12-05 | 0.06149 | 0.06242 | 0.05751 | 0.05826 | 59.7698599 |
| 2024-12-04 | 0.06182 | 0.06242 | 0.05885 | 0.06242 | 34.7448465 |
| 2024-12-03 | 0.05944 | 0.06717 | 0.05766 | 0.06182 | 172.4503671 |
2.2 Analysis
The recent price action indicates a period of consolidation following a significant price decline, with signs of potential recovery. However, volume is inconsistent, suggesting uncertainty in the market. Short-term upward momentum is possible, but sustained bullish trends require confirmation. Overall, a cautious outlook is warranted, with further observation needed before definitive predictions can be made. The possibility of further consolidation or a retest of recent lows remains.
