SOLO
Fundamental Analysis
Introduce
Sologenic is disrupting the asset trading industry: Tokenized Securities, Crypto Assets & NFTs.Tokenized Securities: Sologenic ecosystem utilizes the on-demand tokenization of a wide range of assets from traditional financial markets or privately owned. All assets are backed 1:1 with the real world stocks (NOT A CFD) through SAXO bank in the EU. Sologenic also supports Stock mergers and dividends. Crypto trading: The Sologenic DEX has gained a lot of popularity within the XRP community, with an average of 15M+ views per month and 1.25M+ transactions on a monthly basis.NFT marketplace: Sologenic NFT marketplace is going live on 27th Jan.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SOLO | Market Cap | 163511910.4 |
| Name | Sologenic | White Paper | -- |
| Web Site | https://www.sologenic.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://livenet.xrpl.org/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 400000000 | |
| Supply | 400000000 | Release Date | 2019-08-18 |
| Available Supply | 399199000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.39587 | 0.41431 | 0.37312 | 0.3994 | 412823.8875535 |
| 2024-12-30 | 0.38441 | 0.40705 | 0.36627 | 0.3959 | 116013.4870091 |
| 2024-12-29 | 0.41947 | 0.42304 | 0.38077 | 0.38629 | 74597.1099993 |
| 2024-12-28 | 0.43554 | 0.43931 | 0.40748 | 0.42088 | 233883.7045501 |
| 2024-12-27 | 0.44821 | 0.47742 | 0.42866 | 0.43574 | 864229.5265418 |
| 2024-12-26 | 0.43382 | 0.48153 | 0.39195 | 0.44877 | 2757983.6987319 |
| 2024-12-25 | 0.43976 | 0.45927 | 0.42291 | 0.43457 | 188648.3540537 |
| 2024-12-24 | 0.42647 | 0.46259 | 0.4073 | 0.43976 | 148704.82488 |
| 2024-12-23 | 0.40388 | 0.43251 | 0.39598 | 0.42672 | 140394.8093589 |
| 2024-12-22 | 0.4106 | 0.43232 | 0.39629 | 0.4044 | 168150.8410627 |
| 2024-12-21 | 0.43222 | 0.45975 | 0.40318 | 0.40834 | 240145.9899635 |
| 2024-12-20 | 0.42485 | 0.45656 | 0.35534 | 0.43499 | 1046516.1141002 |
| 2024-12-19 | 0.46216 | 0.48153 | 0.40855 | 0.42624 | 985878.3982318 |
| 2024-12-18 | 0.50583 | 0.53846 | 0.45 | 0.46261 | 832521.5264511 |
| 2024-12-17 | 0.47098 | 0.60081 | 0.46631 | 0.50653 | 1388117.0878944 |
| 2024-12-16 | 0.4712 | 0.49824 | 0.44434 | 0.47099 | 213060.9966446 |
| 2024-12-15 | 0.48199 | 0.49408 | 0.45348 | 0.4712 | 120596.594268 |
| 2024-12-14 | 0.47793 | 0.53243 | 0.46014 | 0.48226 | 595495.5578573 |
| 2024-12-13 | 0.4699 | 0.507 | 0.45088 | 0.47916 | 1374162.3021091 |
| 2024-12-12 | 0.50277 | 0.52486 | 0.4648 | 0.47098 | 849786.5390157 |
| 2024-12-11 | 0.50867 | 0.54279 | 0.47689 | 0.50328 | 2015508.6666255 |
| 2024-12-10 | 0.46851 | 0.52035 | 0.39657 | 0.50923 | 2229538.2909063 |
| 2024-12-09 | 0.53745 | 0.54475 | 0.44639 | 0.46925 | 1604153.1372922 |
| 2024-12-08 | 0.54245 | 0.572 | 0.51778 | 0.53872 | 1836090.8553089 |
| 2024-12-07 | 0.5875 | 0.59582 | 0.51552 | 0.54384 | 3123054.8332702 |
| 2024-12-06 | 0.45079 | 0.63611 | 0.4497 | 0.58752 | 4168365.8388926 |
| 2024-12-05 | 0.47979 | 0.52194 | 0.43579 | 0.44843 | 3582550.2714083 |
| 2024-12-04 | 0.49596 | 0.54044 | 0.45212 | 0.47986 | 2997624.2380877 |
| 2024-12-03 | 0.5726 | 0.5856 | 0.48371 | 0.49462 | 4096430.8464813 |
| 2024-12-02 | 0.63013 | 0.64803 | 0.52869 | 0.57388 | 4980935.6174523 |
Analysis
The asset experienced significant volatility over the 30-day period. A notable downtrend is observed from early December to late December, with the price decreasing from a high around 0.64 to a low near 0.37. There was a considerable volume spike during this period, suggesting strong selling pressure. The recent days show some signs of consolidation with decreasing volume. The price currently fluctuates within a relatively narrow range, and shows a slight upward bias, potentially indicating weakening bearish momentum. Given the recent stabilization, a short-term upward correction is possible, while the overall trend is still suggestive of downward pressure, long-term. The highest volume occurred early December alongside the peak price suggesting a distribution phase. Recent lower volumes and lower volatility signal a potential indecision phase, with a need to observe a breakout for trend confirmation. There was no obvious support level established yet. There are potential signs of reversal but further confirmation is required.
