SHFT
Fundamental Analysis
Introduce
Shyft Network is a public blockchain protocol designed to aggregate and embed trust and validation into data stored on public and private ecosystems, and permissioned and permissionless networks. By facilitating bridging across siloed datasets, Shyft allows for layering of context on top of data, ultimately turning raw data into meaningful information.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SHFT | Market Cap | 1961465.76 |
| Name | Shyft Network | White Paper | -- |
| Web Site | https://shyft.network | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bx.shyft.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 2520000000 | |
| Supply | 2520000000 | Release Date | 2021-03-24 |
| Available Supply | 2244240000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.000873 | 0.000874 | 0.00083 | 0.000874 | 56.8304158 |
| 2024-12-30 | 0.000849 | 0.00088 | 0.000801 | 0.000826 | 442.900232 |
| 2024-12-29 | 0.000856 | 0.000907 | 0.000844 | 0.000847 | 154.5343689 |
| 2024-12-28 | 0.000832 | 0.000872 | 0.000832 | 0.000871 | 115.5724783 |
| 2024-12-27 | 0.00083 | 0.000888 | 0.000769 | 0.000839 | 1465.0057229 |
| 2024-12-26 | 0.000843 | 0.000905 | 0.000798 | 0.000808 | 262.3575661 |
| 2024-12-25 | 0.000956 | 0.000956 | 0.000802 | 0.000847 | 814.6246486 |
| 2024-12-24 | 0.000902 | 0.001029 | 0.000866 | 0.000957 | 389.392916 |
| 2024-12-23 | 0.001037 | 0.001037 | 0.000865 | 0.000929 | 1551.5310324 |
| 2024-12-22 | 0.001087 | 0.001159 | 0.001036 | 0.001036 | 678.5681435 |
| 2024-12-21 | 0.001055 | 0.001142 | 0.000994 | 0.001087 | 682.9979449 |
| 2024-12-20 | 0.001249 | 0.001277 | 0.001 | 0.001161 | 3976.116263 |
| 2024-12-19 | 0.001299 | 0.0013 | 0.001237 | 0.00129 | 730.0519541 |
| 2024-12-18 | 0.001461 | 0.001476 | 0.0013 | 0.0013 | 1662.1350366 |
| 2024-12-17 | 0.001368 | 0.001562 | 0.001368 | 0.001477 | 2550.8364264 |
| 2024-12-16 | 0.001338 | 0.001445 | 0.001249 | 0.001347 | 2030.8842828 |
| 2024-12-15 | 0.001266 | 0.00144 | 0.001264 | 0.001421 | 2904.6007285 |
| 2024-12-14 | 0.001314 | 0.00132 | 0.001221 | 0.00132 | 1417.3196583 |
| 2024-12-13 | 0.001211 | 0.001337 | 0.001181 | 0.001286 | 2017.6153371 |
| 2024-12-12 | 0.001152 | 0.001223 | 0.001142 | 0.001211 | 653.8808663 |
| 2024-12-11 | 0.001172 | 0.001246 | 0.001141 | 0.001198 | 1654.5640778 |
| 2024-12-10 | 0.001128 | 0.001239 | 0.001122 | 0.001239 | 1052.6671447 |
| 2024-12-09 | 0.001251 | 0.001303 | 0.0011 | 0.001155 | 2584.0831428 |
| 2024-12-08 | 0.001196 | 0.001399 | 0.00112 | 0.001337 | 2296.4341456 |
| 2024-12-07 | 0.001262 | 0.00136 | 0.001102 | 0.001129 | 5145.0631886 |
| 2024-12-06 | 0.000885 | 0.001354 | 0.000885 | 0.001262 | 8756.9701665 |
| 2024-12-05 | 0.000877 | 0.000964 | 0.000851 | 0.000885 | 2513.2423586 |
| 2024-12-04 | 0.00077 | 0.000887 | 0.000725 | 0.000882 | 1347.9340095 |
| 2024-12-03 | 0.00077 | 0.000813 | 0.000741 | 0.000752 | 1262.708896 |
| 2024-12-02 | 0.000815 | 0.000907 | 0.000704 | 0.000767 | 3351.7997885 |
Analysis
The data shows a volatile 30-day period with significant price swings. A downward trend is apparent starting around December 17th after a period of high prices. The price experienced a sharp drop on December 6th, followed by a period of low volatility and range-bound trading. Volume was high around December 6th and during the initial price peak then gradually decreased. A possible double bottom might be forming in the last few days, indicating potential bullish reversal, but more data is needed to confirm. The last couple of days of the trading shows a consolidation.Overall, the market has shifted from high volatility and price discovery to a period of uncertainty and potential accumulation or distribution before a possible price move.
