SAVM
Fundamental Analysis
Introduce
SatoshiVM is a decentralized Bitcoin ZK Rollup Layer-2 solution compatible with the Ethereum Virtual Machine (EVM) ecosystem, utilizing native BTC as gas. While enhancing Bitcoin scalability and transaction efficiency, SatoshiVM bridges the EVM ecosystem with Bitcoin, enabling the Bitcoin ecosystem to issue various forms of assets and develop more comprehensive applications.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SAVM | Market Cap | 3871098 |
| Name | SatoshiVM | White Paper | -- |
| Web Site | https://www.satoshivm.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000 | |
| Supply | 21000000 | Release Date | 2024-01-19 |
| Available Supply | 7276500 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.526 | 0.552 | 0.523 | 0.532 | 4100.75178 |
| 2024-12-30 | 0.557 | 0.567 | 0.518 | 0.526 | 15955.63297 |
| 2024-12-29 | 0.583 | 0.591 | 0.553 | 0.553 | 3725.68984 |
| 2024-12-28 | 0.612 | 0.612 | 0.571 | 0.573 | 2419.79362 |
| 2024-12-27 | 0.598 | 0.615 | 0.582 | 0.611 | 8253.49564 |
| 2024-12-26 | 0.624 | 0.646 | 0.594 | 0.599 | 4756.14718 |
| 2024-12-25 | 0.618 | 0.65 | 0.606 | 0.617 | 9055.15574 |
| 2024-12-24 | 0.627 | 0.632 | 0.6 | 0.611 | 11316.47938 |
| 2024-12-23 | 0.618 | 0.658 | 0.607 | 0.623 | 3303.28417 |
| 2024-12-22 | 0.617 | 0.636 | 0.602 | 0.628 | 2931.84115 |
| 2024-12-21 | 0.633 | 0.673 | 0.611 | 0.625 | 9447.45056 |
| 2024-12-20 | 0.652 | 0.671 | 0.599 | 0.631 | 19170.54193 |
| 2024-12-19 | 0.72 | 0.724 | 0.648 | 0.658 | 10222.47912 |
| 2024-12-18 | 0.787 | 0.788 | 0.707 | 0.724 | 7847.63174 |
| 2024-12-17 | 0.781 | 0.795 | 0.769 | 0.773 | 8780.90946 |
| 2024-12-16 | 0.775 | 0.828 | 0.767 | 0.796 | 16598.60369 |
| 2024-12-15 | 0.745 | 0.8 | 0.736 | 0.78 | 9481.8928 |
| 2024-12-14 | 0.781 | 0.792 | 0.735 | 0.738 | 8000.8381 |
| 2024-12-13 | 0.817 | 0.832 | 0.768 | 0.781 | 22261.61518 |
| 2024-12-12 | 0.834 | 0.889 | 0.769 | 0.813 | 18734.68019 |
| 2024-12-11 | 0.821 | 0.899 | 0.814 | 0.836 | 24783.40313 |
| 2024-12-10 | 0.875 | 0.897 | 0.79 | 0.821 | 33882.23818 |
| 2024-12-09 | 0.96 | 0.966 | 0.851 | 0.867 | 28156.76081 |
| 2024-12-08 | 1.015 | 1.024 | 0.922 | 0.952 | 20219.59915 |
| 2024-12-07 | 1.082 | 1.134 | 1.002 | 1.015 | 34534.99478 |
| 2024-12-06 | 0.934 | 1.14 | 0.934 | 1.08 | 39740.79756 |
| 2024-12-05 | 0.942 | 1.013 | 0.921 | 0.949 | 29766.10692 |
| 2024-12-04 | 0.848 | 1.076 | 0.815 | 0.946 | 44200.80374 |
| 2024-12-03 | 0.849 | 0.935 | 0.784 | 0.857 | 75367.29388 |
| 2024-12-02 | 0.941 | 1.108 | 0.809 | 0.853 | 117743.93329 |
Analysis
The observed trend indicates a significant downtrend over the past 30 days, transitioning from a high of 1.14 on 2024-12-06 to a low of 0.523 on 2024-12-31. Initially, there was high volatility with both significant gains and losses, particularly between 2024-12-02 and 2024-12-12, accompanied by high trading volumes. However, the price generally declined from mid-December, forming lower highs and lower lows. The most recent trading days, especially from 2024-12-29 to 2024-12-31, show consolidation near the lowest point of this period, with diminishing volume, indicating a potential stall in the downtrend. The trading volume shows a general decrease over the 30 days, particularly towards the end. There is a potential for a short-term rebound or a continued downtrend depending on the next few trading sessions.The last few days show a weakening in momentum. A major trend reversal is not immediately apparent but a sideways consolidation is possible before the trend continues downwards.
