Fundamental Analysis

Introduce

Verida is the world’s first private self-sovereign database DePIN for Web3.The Verida Network provides secure and private database storage for users to own and control their private data.The Verida Wallet is a leading mobile wallet that supports zk proofs, crypto, identity, data storage and encrypted messaging.The Verida Network is specifically designed to enable fast commits, advanced security and built-in unlimited scalability.Verida allows users to control their data, freeing it from centralized platforms and enabling cross-platform, multi-chain access.

BasicInfo

NameValueNameValue
SymbolVDAMarket Cap414660.375
NameVeridaWhite Paper--
Web Sitehttps://www.verida.networkIs ICONone
Wallet--Raised Funds-
Source--Distribution-
Explorerhttps://polygonscan.com/Algorithm--
Forum--Proof--
Mining Total1000000000
Supply1000000000Release Date2024-05-15
Available Supply23387500

Technical Analysis

Kline Data

DateOpenHighLowCloseVolumn
2024-12-310.017160.018840.016730.0177313594.2474418
2024-12-300.01860.01860.01650.0171310326.7541721
2024-12-290.017750.019020.017230.018246544.7968211
2024-12-280.018420.018990.016580.01779453.7240902
2024-12-270.020540.021250.017950.0183518701.3861873
2024-12-260.019850.02260.019110.0208218040.3971145
2024-12-250.018130.023070.016480.019831557.4436918
2024-12-240.015940.023130.014910.0178139940.5524578
2024-12-230.019680.021060.015220.0164728221.0744566
2024-12-220.021370.023690.016940.0190140938.3849112
2024-12-210.027640.030290.01850.0210865666.7047584
2024-12-200.027260.0480.020170.02896521539.1922195
2024-12-190.012070.05550.012060.02734607052.7054196
2024-12-180.014340.014510.01170.0120910529.1350794
2024-12-170.015560.015890.013810.014346764.1759608
2024-12-160.015710.017140.015140.0161785.6512507
2024-12-150.016260.016280.015470.015911463.2487497
2024-12-140.015040.016290.01480.015796538.8121493
2024-12-130.0170.017630.014910.015296059.7645769
2024-12-120.01660.017990.01610.017494293.8292864
2024-12-110.015370.017510.014550.01664916.0619094
2024-12-100.018070.022390.013290.015819575.7731777
2024-12-090.01990.021550.017230.017234604.9546566
2024-12-080.020220.020810.018520.019827027.8152023
2024-12-070.021050.021940.02020.02076421.3814868
2024-12-060.019130.024890.019130.0211814012.8659738
2024-12-050.019670.020620.018370.02018274.0087369
2024-12-040.021210.021980.018250.018938056.7061128
2024-12-030.024150.024430.018630.0201122941.9974791
2024-12-020.026520.029890.020290.0234143255.6873268

Analysis

The asset has demonstrated high volatility over the past 30 days, characterized by significant price swings and volume fluctuations. A notable surge occurred around December 19th and 20th, with extreme trading volumes and price peaks, suggesting a potential speculative event or market manipulation. Following this spike, prices experienced a steep correction and have since been trending downwards with periods of consolidation. The recent trading days show a narrowing trading range and decreased volume, indicating a possible period of indecision. Based on the data, a bearish trend is prevailing although some recent data show signs of potential short-term reversal. The overall market sentiment seems weak. The decreasing volume is signaling a potential stabilization phase before a new direction. Future movement is difficult to determine, with potential for both upward or downward movement depending on external factors.