VEXT
Fundamental Analysis
Introduce
Veloce (VEXT), the world’s leading digital racing media network, entered the world of Web3 with the launch of its blockchain utility and governance token, VEXT. VEXT allows the Veloce community to influence and govern key decentralized Veloce assets. The Veloce brand comprises industry-leading gaming and racing platform Veloce Esports, and race-winning outfit Veloce Racing, which competes in the renowned Extreme E championship.Within this Veloce network are some of the most influential names in gaming and racing, including Mercedes AMG, McLaren, as well as established joint venture sub-brands, such as Lando Norris’ gaming and lifestyle brand Quadrant. With the largest racing community in the world, attracting 35 million subscribers across their social media platforms so far and hitting nearly one billion monthly views, the Veloce group represented a perfect fit for Web3. Their vast reach and credibility is playing a pivotal role in promoting Web3 by building trust, simplifying complex concepts, and driving widespread adoption.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | VEXT | Market Cap | 3400046.58 |
| Name | Veloce | White Paper | -- |
| Web Site | http://www.velocemediagroup.com | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 300000000 | |
| Supply | 300000000 | Release Date | |
| Available Supply | 281694000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.011751 | 0.012539 | 0.011512 | 0.01207 | 4146.9934593 |
| 2024-12-30 | 0.011894 | 0.014213 | 0.01182 | 0.01182 | 15472.3543191 |
| 2024-12-29 | 0.012253 | 0.012719 | 0.011601 | 0.011951 | 4455.4482923 |
| 2024-12-28 | 0.012752 | 0.013273 | 0.011988 | 0.01219 | 21996.0512965 |
| 2024-12-27 | 0.012465 | 0.01362 | 0.012393 | 0.012738 | 3870.9424368 |
| 2024-12-26 | 0.013811 | 0.013989 | 0.012423 | 0.012599 | 5461.9241728 |
| 2024-12-25 | 0.015039 | 0.015873 | 0.013563 | 0.01395 | 17160.9633394 |
| 2024-12-24 | 0.015035 | 0.016174 | 0.014532 | 0.015023 | 15826.3852091 |
| 2024-12-23 | 0.014392 | 0.015215 | 0.014311 | 0.015148 | 7281.1872663 |
| 2024-12-22 | 0.01311 | 0.015406 | 0.01311 | 0.014502 | 7342.9752219 |
| 2024-12-21 | 0.014553 | 0.014941 | 0.012849 | 0.013068 | 7010.2394653 |
| 2024-12-20 | 0.015378 | 0.015562 | 0.01197 | 0.014649 | 38904.8524488 |
| 2024-12-19 | 0.016934 | 0.017026 | 0.01431 | 0.015406 | 48404.0289104 |
| 2024-12-18 | 0.017087 | 0.018577 | 0.016318 | 0.017206 | 22264.6998002 |
| 2024-12-17 | 0.018371 | 0.019238 | 0.016865 | 0.017108 | 27097.0884778 |
| 2024-12-16 | 0.017523 | 0.019969 | 0.015622 | 0.018416 | 41571.7654999 |
| 2024-12-15 | 0.016988 | 0.01785 | 0.015939 | 0.017288 | 43097.0982561 |
| 2024-12-14 | 0.018251 | 0.019252 | 0.016071 | 0.01675 | 52445.3997811 |
| 2024-12-13 | 0.019543 | 0.020046 | 0.018233 | 0.01824 | 71767.2138716 |
| 2024-12-12 | 0.021197 | 0.024 | 0.018616 | 0.019389 | 88248.9122885 |
| 2024-12-11 | 0.016567 | 0.023963 | 0.01571 | 0.020937 | 148234.0436561 |
| 2024-12-10 | 0.017019 | 0.019924 | 0.014681 | 0.016715 | 77458.3358829 |
| 2024-12-09 | 0.022833 | 0.023187 | 0.01584 | 0.016925 | 165031.6047546 |
| 2024-12-08 | 0.024632 | 0.025942 | 0.02222 | 0.023111 | 247211.7469158 |
| 2024-12-07 | 0.023226 | 0.026523 | 0.022208 | 0.024866 | 190167.2345377 |
| 2024-12-06 | 0.025005 | 0.029127 | 0.021146 | 0.023226 | 723147.6831158 |
| 2024-12-05 | 0.020628 | 0.030226 | 0.017124 | 0.025144 | 2103981.542215 |
| 2024-12-04 | 0.023002 | 0.026093 | 0.02014 | 0.020734 | 969187.0222567 |
| 2024-12-03 | 0.032589 | 0.033551 | 0.022 | 0.02292 | 2430241.8408808 |
| 2024-12-02 | 0.039322 | 0.054 | 0.026 | 0.032898 | 9117257.1449547 |
Analysis
The price trend indicates a significant downtrend over the past 30 days, transitioning from a high of 0.054 to a low around 0.011. Initially, high volatility and volume on December 2nd and 3rd suggest strong selling pressure, with a sharp drop from the highest price point. This selling pressure continued through December 9th, resulting in lower highs and lower lows, despite some temporary rallies. December 10th to December 16th showed a slight recovery, however the subsequent days leading to the end of the month exhibit weak trading volume and further price decreases. The overall trend for the latter half of the period, particularly from December 17th onwards, is bearish with reduced volatility, which is indicative of decreasing investor interest as well as strong selling pressure. The very last few days, Dec 28th through 31st, are seeing a potential but weak bottom forming. Given the overall downward trend, the current potential bottoming and overall low volume, further drops in the coming days cannot be ruled out.
