Pine Token (PINE)
1. Fundamental Analysis
1.1 Introduce
Pine aims to become the gateway for real yield in NFTfi and the Pine team’s mission is to build technology that allows for asset-backed financing to be conducted transparently and efficiently on-chain. The protocol is a non-custodial decentralized asset-backed lending protocol that allows borrowers to borrow fungible digital tokens from lenders using non-fungible tokens as collateral. Built with an open and composable architecture, the protocol can be integrated easily with any NFT and NFTFI platform.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | PINE | Market Cap | 65181.2448 |
| Name | Pine Token | White Paper | -- |
| Web Site | https://pine.loans/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 198419721 | |
| Supply | 198419721 | Release Date | |
| Available Supply | 21902300 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.003 | 0.003 | 0.002976 | 0.002976 | 73.4594986 |
| 2024-12-31 | 0.002862 | 0.002862 | 0.002862 | 0.002862 | 0.0 |
| 2024-12-30 | 0.003134 | 0.003533 | 0.002359 | 0.002862 | 307.5950284 |
| 2024-12-29 | 0.002616 | 0.003506 | 0.00205 | 0.00229 | 400.643479 |
| 2024-12-28 | 0.00274 | 0.003219 | 0.002052 | 0.002616 | 246.15287522 |
| 2024-12-27 | 0.003157 | 0.003157 | 0.003157 | 0.003157 | 0.0 |
| 2024-12-26 | 0.003566 | 0.003566 | 0.003156 | 0.003157 | 26.5543169 |
| 2024-12-25 | 0.002679 | 0.002679 | 0.002679 | 0.002679 | 0.0 |
| 2024-12-24 | 0.002602 | 0.003077 | 0.002602 | 0.002679 | 104.0148271 |
| 2024-12-23 | 0.003276 | 0.003276 | 0.003006 | 0.003006 | 54.5819124 |
| 2024-12-22 | 0.003272 | 0.003272 | 0.003272 | 0.003272 | 7.5462136 |
| 2024-12-21 | 0.003284 | 0.00375 | 0.002672 | 0.003207 | 1797.8929172 |
| 2024-12-20 | 0.00325 | 0.003706 | 0.002657 | 0.003535 | 1757.0796159 |
| 2024-12-19 | 0.003488 | 0.003577 | 0.003038 | 0.00342 | 134.3799403 |
| 2024-12-18 | 0.003476 | 0.003488 | 0.002636 | 0.003488 | 97.1538829 |
| 2024-12-17 | 0.003202 | 0.003476 | 0.003202 | 0.003476 | 37.0229252 |
| 2024-12-16 | 0.003481 | 0.003488 | 0.003481 | 0.003488 | 56.8682532 |
| 2024-12-15 | 0.003464 | 0.003464 | 0.003464 | 0.003464 | 0.0 |
| 2024-12-14 | 0.003482 | 0.003482 | 0.0032 | 0.003464 | 15.0969198 |
| 2024-12-13 | 0.003305 | 0.003481 | 0.003271 | 0.003481 | 15.3583832 |
| 2024-12-12 | 0.002902 | 0.00375 | 0.002902 | 0.003319 | 413.9582823 |
| 2024-12-11 | 0.00332 | 0.003492 | 0.00332 | 0.003492 | 11.822014 |
| 2024-12-10 | 0.002847 | 0.00332 | 0.002847 | 0.00332 | 104.1802255 |
| 2024-12-09 | 0.003346 | 0.003664 | 0.003087 | 0.003239 | 458.893008 |
| 2024-12-08 | 0.003269 | 0.003518 | 0.002652 | 0.003346 | 1270.2644207 |
| 2024-12-07 | 0.00347 | 0.003694 | 0.003078 | 0.003269 | 588.0475437 |
| 2024-12-06 | 0.00369 | 0.00369 | 0.003216 | 0.003502 | 598.2300298 |
| 2024-12-05 | 0.003694 | 0.003694 | 0.003482 | 0.003482 | 518.5513555 |
| 2024-12-04 | 0.003694 | 0.003694 | 0.003407 | 0.003694 | 521.8271044 |
| 2024-12-03 | 0.003753 | 0.003753 | 0.003338 | 0.003405 | 45.2528937 |
2.2 Analysis
The recent price action shows a period of consolidation followed by increased volatility and a subsequent decline. Short-term price movements are unpredictable, however, a downward trend is likely in the near future with potential for further consolidation before any significant upward movement. Medium-term outlook remains uncertain pending further price action and volume confirmation.
