Witnet (WIT)
1. Fundamental Analysis
1.1 Introduce
The Witnet protocol enables smart contracts to realize their true potential by giving them access to all sorts of valuable data sets, and by attesting and delivering that information securely thanks to its strong cryptoeconomic guarantees.Witnet is specially designed for autonomous smart contracts — those that require a high degree of tamper resistance and shouldn’t leave space for manipulation.Witnet can power most DeFi primitives like price feeds, stable coins, derivatives, etc., as well as acting as a reliable source of randomness for creating uniqueness in NFTs.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | WIT | Market Cap | 4172070.9 |
| Name | Witnet | White Paper | -- |
| Web Site | https://witnet.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://witnet.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 2500000000 | |
| Supply | 2500000000 | Release Date | |
| Available Supply | 1332930000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.00313 | 0.00313 | 0.00313 | 0.00313 | 9.569349 |
| 2024-12-31 | 0.003713 | 0.003713 | 0.002829 | 0.003133 | 4743.9740728 |
| 2024-12-30 | 0.003842 | 0.003842 | 0.003712 | 0.003712 | 55.3692224 |
| 2024-12-29 | 0.003669 | 0.003934 | 0.003667 | 0.003871 | 1055.7278874 |
| 2024-12-28 | 0.003944 | 0.003944 | 0.003667 | 0.003672 | 203.2457619 |
| 2024-12-27 | 0.00369 | 0.00401 | 0.003671 | 0.004004 | 428.9036627 |
| 2024-12-26 | 0.00432 | 0.004368 | 0.003604 | 0.003795 | 1911.0977721 |
| 2024-12-25 | 0.003902 | 0.004486 | 0.003655 | 0.004288 | 3578.4451763 |
| 2024-12-24 | 0.002806 | 0.004158 | 0.002806 | 0.003873 | 1623.762244 |
| 2024-12-23 | 0.002629 | 0.002745 | 0.002525 | 0.002743 | 524.2877751 |
| 2024-12-22 | 0.003043 | 0.00341 | 0.002628 | 0.002794 | 8181.4416486 |
| 2024-12-21 | 0.003196 | 0.003353 | 0.003044 | 0.003054 | 269.9924042 |
| 2024-12-20 | 0.003105 | 0.004141 | 0.002476 | 0.002892 | 3626.1636869 |
| 2024-12-19 | 0.003252 | 0.003778 | 0.002644 | 0.002644 | 444.859708 |
| 2024-12-18 | 0.003657 | 0.003814 | 0.002931 | 0.00337 | 1003.1038468 |
| 2024-12-17 | 0.003827 | 0.003956 | 0.003425 | 0.003641 | 142.8760691 |
| 2024-12-16 | 0.003649 | 0.003827 | 0.003443 | 0.003826 | 622.6282532 |
| 2024-12-15 | 0.004155 | 0.004461 | 0.002126 | 0.003577 | 3836.8068269 |
| 2024-12-14 | 0.004316 | 0.004362 | 0.00401 | 0.004135 | 482.8068935 |
| 2024-12-13 | 0.00434 | 0.004341 | 0.004249 | 0.004293 | 110.3347719 |
| 2024-12-12 | 0.004791 | 0.004798 | 0.004291 | 0.004542 | 662.1252927 |
| 2024-12-11 | 0.004662 | 0.004996 | 0.004344 | 0.00448 | 3591.1056206 |
| 2024-12-10 | 0.00443 | 0.004697 | 0.004429 | 0.004666 | 743.3469152 |
| 2024-12-09 | 0.004983 | 0.004984 | 0.004429 | 0.004429 | 1639.5819203 |
| 2024-12-08 | 0.004735 | 0.004973 | 0.004417 | 0.004705 | 1453.1689165 |
| 2024-12-07 | 0.004556 | 0.0056 | 0.004456 | 0.004643 | 21888.8348598 |
| 2024-12-06 | 0.004651 | 0.004711 | 0.004333 | 0.004508 | 996.2476314 |
| 2024-12-05 | 0.004102 | 0.004711 | 0.004102 | 0.004375 | 2060.457489 |
| 2024-12-04 | 0.004659 | 0.004668 | 0.00406 | 0.004148 | 980.9386533 |
| 2024-12-03 | 0.004387 | 0.004711 | 0.004192 | 0.004257 | 2445.939437 |
2.2 Analysis
The 30-day OHLCV data indicates a period of volatility followed by a consolidation and potential upward trend. Short-term price fluctuations are expected, but the overall trend suggests a moderately bullish outlook with potential for further price increases in the near future, however, significant resistance levels may impede rapid growth. Sustained volume increases will be crucial for confirming the upward momentum.
