Tap Protocol (TAPPROTOCOL)
1. Fundamental Analysis
1.1 Introduce
Tap Protocol is revolutionizing Bitcoin with the first native Bitcoin smart contract directly accessing UTXO on Bitcoin Layer 1. Through seamless integration, Tap enables a bridge between Ethereum and Bitcoin, allowing for unprecedented native Bitcoin swaps and cross-chain functionality. The ecosystem is powered by the Tap token (TAP), which drives key features like bridging, staking, and governance. With innovative account abstraction and privileged authority mechanisms, Tap is at the forefront of decentralized finance on Bitcoin, offering a marketplace, swaps, and secure bridges to EVM networks. Tap Protocol is unlocking Bitcoin s full potential in DeFi.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | TAPPROTOCOL | Market Cap | 5952807 |
| Name | Tap Protocol | White Paper | -- |
| Web Site | https://www.tap-protocol.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mempool.space/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000 | |
| Supply | 21000000 | Release Date | 2024-10-23 |
| Available Supply | 1951740 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 3.05 | 3.05 | 3.033 | 3.05 | 824.21696 |
| 2024-12-31 | 3.247 | 3.256 | 2.812 | 3.05 | 39890.55755 |
| 2024-12-30 | 3.34 | 3.406 | 3.141 | 3.211 | 23170.82736 |
| 2024-12-29 | 3.392 | 3.491 | 3.017 | 3.34 | 33201.55378 |
| 2024-12-28 | 3.411 | 3.444 | 3.359 | 3.379 | 24540.57856 |
| 2024-12-27 | 3.741 | 3.745 | 3.403 | 3.411 | 43652.59243 |
| 2024-12-26 | 3.831 | 4.004 | 2.397 | 3.743 | 37429.72147 |
| 2024-12-25 | 3.456 | 4.207 | 3.27 | 3.709 | 11359.93781 |
| 2024-12-24 | 3.577 | 3.612 | 3.355 | 3.456 | 46816.71793 |
| 2024-12-23 | 3.463 | 3.6 | 3.334 | 3.6 | 12525.41041 |
| 2024-12-22 | 3.501 | 3.501 | 3.392 | 3.463 | 5952.87348 |
| 2024-12-21 | 3.65 | 3.825 | 3.502 | 3.502 | 14263.59492 |
| 2024-12-20 | 3.183 | 3.809 | 3.142 | 3.723 | 34576.05027 |
| 2024-12-19 | 3.626 | 3.749 | 3.053 | 3.206 | 34266.66316 |
| 2024-12-18 | 3.762 | 3.896 | 3.541 | 3.604 | 21965.57334 |
| 2024-12-17 | 3.97 | 3.981 | 3.53 | 3.762 | 48502.47513 |
| 2024-12-16 | 4.016 | 4.393 | 3.964 | 3.964 | 40256.92652 |
| 2024-12-15 | 4.408 | 4.432 | 3.884 | 4.02 | 28726.09985 |
| 2024-12-14 | 4.307 | 4.558 | 4.163 | 4.36 | 33887.4014 |
| 2024-12-13 | 4.507 | 4.565 | 4.212 | 4.303 | 29316.06134 |
| 2024-12-12 | 4.893 | 5.0 | 4.439 | 4.507 | 36014.15936 |
| 2024-12-11 | 4.726 | 5.109 | 4.599 | 4.92 | 85266.17508 |
| 2024-12-10 | 5.048 | 5.181 | 4.325 | 4.731 | 54485.00368 |
| 2024-12-09 | 5.559 | 5.691 | 4.51 | 4.986 | 68730.06608 |
| 2024-12-08 | 6.025 | 6.429 | 5.376 | 5.542 | 58405.99802 |
| 2024-12-07 | 5.989 | 6.492 | 5.692 | 6.193 | 49100.66358 |
| 2024-12-06 | 5.481 | 5.99 | 5.448 | 5.99 | 57062.98154 |
| 2024-12-05 | 5.257 | 6.099 | 4.7 | 5.424 | 103333.76963 |
| 2024-12-04 | 4.261 | 5.5 | 4.261 | 5.28 | 95658.29561 |
| 2024-12-03 | 4.9 | 5.463 | 3.882 | 4.196 | 208423.90767 |
2.2 Analysis
The data shows a strong upward trend from December 4th, 2024, peaking around December 9th, 2024. A significant correction followed, with volatility increasing around December 5th. The price has since consolidated and shows signs of potential further upward movement, but with increased risk. Short-term fluctuations are expected, but a medium-term upward trajectory remains probable. However, sustained momentum above the December 9th high is crucial for a bullish outlook to be confirmed. A break below the support level around 3.05 could indicate a bearish reversal.
