SMH
Fundamental Analysis
Introduce
Spacemesh is a blockchain protocol with a distributed ledger, a consensus algorithm, and a native coin (called a Spacemesh coin or “SMH”) which is awarded to those who participate in securing the network. The Spacemesh consensus mechanism is based on a novel protocol called Proof of Spacetime which, in combination with several auxiliary mechanisms), is more environmentally-friendly, more robust, and more decentralized than alternatives such as Proof of Work or Proof of Stake. One just needs a minimum of 264 GiB free hard drive space to participate in the consensus mechanism and earn rewards. There is no race to produce the next block. Everyone participating in the mining process is guaranteed a share of rewards proportional to the storage space they have allocated. The rewards scale linearly with the amount of space allocated. No one is given an unfair advantage in this regard. Allocate more space, earn more rewards.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SMH | Market Cap | 19910060.0714 |
| Name | Spacemesh | White Paper | -- |
| Web Site | ​https://spacemesh.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.spacemesh.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 2400000000 | |
| Supply | 2400000000 | Release Date | 2023-11-23 |
| Available Supply | 71851534 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.2813 | 0.2898 | 0.27 | 0.275 | 76780.177549 |
| 2024-12-30 | 0.2938 | 0.2976 | 0.2801 | 0.2815 | 44362.051992 |
| 2024-12-29 | 0.2871 | 0.3 | 0.277 | 0.291 | 51299.974375 |
| 2024-12-28 | 0.3 | 0.3019 | 0.2809 | 0.2908 | 28851.892409 |
| 2024-12-27 | 0.2951 | 0.31 | 0.2781 | 0.3019 | 85556.060683 |
| 2024-12-26 | 0.3126 | 0.315 | 0.2916 | 0.2955 | 60134.848006 |
| 2024-12-25 | 0.305 | 0.319 | 0.295 | 0.3106 | 43785.76581 |
| 2024-12-24 | 0.3322 | 0.3434 | 0.3031 | 0.305 | 73294.984955 |
| 2024-12-23 | 0.3153 | 0.3644 | 0.2967 | 0.3334 | 123649.409422 |
| 2024-12-22 | 0.3348 | 0.3348 | 0.2985 | 0.315 | 81662.537774 |
| 2024-12-21 | 0.3408 | 0.3565 | 0.3263 | 0.3398 | 68353.084671 |
| 2024-12-20 | 0.3064 | 0.355 | 0.265 | 0.3415 | 190779.737167 |
| 2024-12-19 | 0.3069 | 0.338 | 0.29 | 0.3064 | 161622.488798 |
| 2024-12-18 | 0.3486 | 0.3689 | 0.3018 | 0.3081 | 206342.620323 |
| 2024-12-17 | 0.3763 | 0.3763 | 0.3401 | 0.349 | 92080.23182 |
| 2024-12-16 | 0.3912 | 0.4088 | 0.3626 | 0.3782 | 97651.034794 |
| 2024-12-15 | 0.4088 | 0.4159 | 0.3628 | 0.3889 | 83703.375837 |
| 2024-12-14 | 0.3992 | 0.4157 | 0.3904 | 0.4076 | 71295.376308 |
| 2024-12-13 | 0.4293 | 0.4325 | 0.366 | 0.4016 | 168306.742998 |
| 2024-12-12 | 0.453 | 0.4699 | 0.4101 | 0.4302 | 138356.5368 |
| 2024-12-11 | 0.4308 | 0.4659 | 0.4125 | 0.4531 | 190880.05734 |
| 2024-12-10 | 0.4521 | 0.4723 | 0.414 | 0.4289 | 224676.187995 |
| 2024-12-09 | 0.5292 | 0.5293 | 0.451 | 0.4513 | 362004.049782 |
| 2024-12-08 | 0.574 | 0.602 | 0.5 | 0.5325 | 305012.010999 |
| 2024-12-07 | 0.5596 | 0.5751 | 0.5253 | 0.5741 | 204366.037279 |
| 2024-12-06 | 0.5305 | 0.578 | 0.5091 | 0.5577 | 298941.770682 |
| 2024-12-05 | 0.5633 | 0.5642 | 0.5054 | 0.5333 | 282091.647791 |
| 2024-12-04 | 0.5988 | 0.5988 | 0.5 | 0.5689 | 345466.241692 |
| 2024-12-03 | 0.5411 | 0.6059 | 0.5 | 0.5988 | 460529.353998 |
| 2024-12-02 | 0.5818 | 0.6 | 0.45 | 0.5415 | 539292.823966 |
Analysis
The data indicates a significant downtrend over the past 30 days, transitioning from a high in early December to a lower range at the end of the month. The high volatility in the beginning, marked by large price swings and high trading volume, has progressively decreased. Specifically, the first half of December showed strong fluctuations with multiple instances of both large gains and losses, accompanied by substantial trading volume. Towards the latter half of December, there appears to be a consolidation phase, marked by reduced volatility and volume. The last few trading days show a small recovery from the low point, but the price remains below prior levels. The recent days have demonstrated a weak price recovery with diminishing trading volume, indicating a lack of strong buying pressure. The current price is significantly lower than the early December price peaks, indicating overall selling pressure throughout the 30-day period. Given the recent pattern, the price might continue consolidating in a narrow range or attempt a further rebound, but the overall trend appears bearish with no strong indication of a major reversal in sight.
