OverProtocol (OVER)
1. Fundamental Analysis
1.1 Introduce
OverProtocol is a Layer 1 blockchain that enables individuals to run full nodes on their personal computers. Through the OverScape app, anyone can participate as a validator without requiring specialized knowledge. By reducing reliance on institutional validators, OverProtocol creates new financial opportunities and aims to establish a stable, global P2P financial network. Users can validate transactions, propose blocks, and earn native OVER tokens as rewards.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | OVER | Market Cap | 13305700 |
| Name | OverProtocol | White Paper | -- |
| Web Site | https://over.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://scan.over.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-12-16 |
| Available Supply | 190000000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.07084 | 0.07084 | 0.06898 | 0.07 | 4124.2035106 |
| 2024-12-31 | 0.06847 | 0.07251 | 0.06667 | 0.07084 | 78774.033483 |
| 2024-12-30 | 0.07224 | 0.075 | 0.068 | 0.06847 | 99338.7461658 |
| 2024-12-29 | 0.0767 | 0.07712 | 0.07061 | 0.0721 | 114571.6323809 |
| 2024-12-28 | 0.07041 | 0.07734 | 0.06899 | 0.07623 | 147416.9955134 |
| 2024-12-27 | 0.07101 | 0.07754 | 0.0685 | 0.07052 | 170873.2198123 |
| 2024-12-26 | 0.0831 | 0.0875 | 0.06748 | 0.07108 | 347106.9986261 |
| 2024-12-25 | 0.08389 | 0.08875 | 0.07716 | 0.08288 | 493043.7003557 |
| 2024-12-24 | 0.09322 | 0.10155 | 0.0821 | 0.08425 | 673749.4861999 |
| 2024-12-23 | 0.09762 | 0.10462 | 0.08857 | 0.0932 | 484670.9354785 |
| 2024-12-22 | 0.09398 | 0.1105 | 0.0936 | 0.09762 | 660046.4925588 |
| 2024-12-21 | 0.09972 | 0.11444 | 0.09166 | 0.09396 | 431735.0088889 |
| 2024-12-20 | 0.12593 | 0.13053 | 0.07788 | 0.0995 | 544138.0707294 |
| 2024-12-19 | 0.14447 | 0.14514 | 0.11012 | 0.12588 | 840867.9007635 |
| 2024-12-18 | 0.193 | 0.2094 | 0.14 | 0.14487 | 2019666.0985462 |
| 2024-12-17 | 0.15113 | 0.21498 | 0.13451 | 0.19331 | 3938246.5600463 |
| 2024-12-16 | 0.07 | 0.4 | 0.07 | 0.15085 | 5781330.4449862 |
2.2 Analysis
The recent sharp price increase, fueled by high volume, suggests a strong bullish trend. However, the subsequent price correction and increased volatility indicate a potential period of consolidation or a temporary pullback. While the overall trend remains bullish based on the longer-term upward movement, near-term price action is uncertain and could see further volatility before resuming the upward trend. Caution is advised, with a potential for short-term corrections before a continuation of the bullish momentum. The substantial volume fluctuations warrant close monitoring for confirmation of trend continuation or reversal. Continued high volume on any further upward movement would strongly signal a continuation of the bullish trend. Conversely, decreasing volume on upward movement might suggest weakening momentum. A significant drop in price accompanied by very high volume would indicate a potential bearish reversal.
3. News Analysis
3.1 News
20241212
- HashKey Global announces Over Protocol (OVER) launch and deposit rewards ↑
20241209
- Over Protocol will open airdrops on December 16th ↑
3.2 Analysis
Conclusion: The rapid succession of announcements regarding Over Protocol (OVER) by HashKey Global, culminating in a launch date and the introduction of deposit rewards, strongly suggests an aggressive market entry strategy aimed at rapid user acquisition and network growth. The short timeframe between the airdrop announcement and the launch indicates a pre-planned, highly targeted marketing campaign. This aggressive approach points to a confident projection of strong market demand and potential for rapid token appreciation. The use of incentives, such as deposit rewards, further solidifies the expectation of attracting significant early investment and bolstering network activity. Future trends suggest a period of high volatility in OVER token price, correlated with initial market response to the launch and sustained user engagement. Significant price increases are probable in the short term, followed by a period of stabilization dependent on long-term adoption and platform performance. Sustained airdrop marketing efforts are likely to continue post-launch, along with potential further strategic partnerships to enhance brand visibility and liquidity. Competitor reactions and the overall cryptocurrency market sentiment will also be influential factors in determining the long-term success of Over Protocol.
