Polkamarkets (POLK)
1. Fundamental Analysis
1.1 Introduce
Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading, where users take positions on outcomes of real world events–in a decentralized and interoperable platform on Polkadot.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | POLK | Market Cap | 1839000 |
| Name | Polkamarkets | White Paper | -- |
| Web Site | https://www.polkamarkets.com | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2021-02-25 |
| Available Supply | 100000000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.01839 | 0.01839 | 0.01839 | 0.01839 | 0.0 |
| 2024-12-31 | 0.01875 | 0.01908 | 0.01823 | 0.01839 | 415.1844133 |
| 2024-12-30 | 0.01942 | 0.01988 | 0.01574 | 0.01914 | 723.3818381 |
| 2024-12-29 | 0.01984 | 0.01988 | 0.01936 | 0.01962 | 97.7399129 |
| 2024-12-28 | 0.01943 | 0.02002 | 0.01935 | 0.02002 | 237.4439663 |
| 2024-12-27 | 0.02002 | 0.02003 | 0.01995 | 0.01995 | 54.9657551 |
| 2024-12-26 | 0.0211 | 0.0211 | 0.01932 | 0.01949 | 479.1872027 |
| 2024-12-25 | 0.02176 | 0.02189 | 0.02155 | 0.02189 | 966.7338312 |
| 2024-12-24 | 0.02116 | 0.02169 | 0.02105 | 0.02169 | 1068.7858708 |
| 2024-12-23 | 0.02107 | 0.02122 | 0.02048 | 0.02122 | 2441.3782367 |
| 2024-12-22 | 0.02091 | 0.02105 | 0.02019 | 0.02057 | 1392.6373345 |
| 2024-12-21 | 0.02165 | 0.02199 | 0.02065 | 0.02067 | 1799.5712371 |
| 2024-12-20 | 0.02072 | 0.0219 | 0.01892 | 0.0219 | 2653.4564529 |
| 2024-12-19 | 0.02377 | 0.02384 | 0.01981 | 0.02072 | 1717.211866 |
| 2024-12-18 | 0.02596 | 0.02596 | 0.02422 | 0.02422 | 851.5488202 |
| 2024-12-17 | 0.02621 | 0.02731 | 0.02621 | 0.02631 | 2216.4100799 |
| 2024-12-16 | 0.02771 | 0.02781 | 0.02593 | 0.02755 | 721.4310027 |
| 2024-12-15 | 0.02714 | 0.028 | 0.027 | 0.02722 | 2034.6491491 |
| 2024-12-14 | 0.02943 | 0.03129 | 0.02747 | 0.0276 | 824.9580986 |
| 2024-12-13 | 0.02944 | 0.02956 | 0.02829 | 0.02912 | 1384.4873875 |
| 2024-12-12 | 0.029 | 0.03033 | 0.029 | 0.02945 | 1335.9798502 |
| 2024-12-11 | 0.02649 | 0.02813 | 0.02602 | 0.02812 | 2044.5549213 |
| 2024-12-10 | 0.02655 | 0.0366 | 0.02546 | 0.02649 | 2449.2546253 |
| 2024-12-09 | 0.03091 | 0.03124 | 0.02584 | 0.02584 | 3779.2753803 |
| 2024-12-08 | 0.03329 | 0.03329 | 0.02962 | 0.03228 | 1354.7864783 |
| 2024-12-07 | 0.03401 | 0.03492 | 0.03219 | 0.0327 | 1685.3021965 |
| 2024-12-06 | 0.03307 | 0.0366 | 0.03306 | 0.03364 | 2559.1472442 |
| 2024-12-05 | 0.03489 | 0.03637 | 0.03045 | 0.03307 | 4304.3672269 |
| 2024-12-04 | 0.03024 | 0.03615 | 0.03024 | 0.03523 | 8183.0254059 |
| 2024-12-03 | 0.03066 | 0.03067 | 0.02878 | 0.02919 | 2600.9821424 |
2.2 Analysis
The analysis of the provided K-line daily chart indicates a strong bearish trend with potential for a bearish reversal. The market has experienced a significant downward movement over the past few days, with several consecutive lower highs and lower lows. The volume has also been increasing, suggesting a strong bearish sentiment. There is a possibility of a temporary bullish correction, but the overall trend remains bearish.
