ZTG

Fundamental Analysis

Introduce

Zeitgeist is a decentralized prediction market protocol. Built in Substrate, it is a live parachain of Kusama (the sister chain of Polkadot). Zeitgeist is building an application that not only allows users to make various predictions on numerous markets, but also allows for them to create their own markets - with a full SDK being made available for software developers. In addition to a holistic Prediction Market offering, Zeitgeist also plans to implement the “futarchy form of governance” to its blockchain protocol: A governance model proposed by economist Robin Hanson whereby decisions are arrived via prediction markets as opposed to traditional “one man one vote” democratic consensus.

BasicInfo

Technical Analysis

Kline Data

Analysis

The analysis indicates a highly volatile period, marked by significant price swings and fluctuations in trading volume. The period starts with high volatility, followed by a significant drop and consolidation, and ends with a sharp increase indicating bullish momentum. The initial phase shows a downward price trend with high volume. The middle phase shows price consolidates with lower volume indicating a decrease in selling pressure. The latest phase shows a surge in price with high volume, suggesting strong buying interest.
The trading pattern suggests the price might continue its upward trend, however, the high volatility in the past indicates a risk of sudden price reversals. The overall trend appears to be bullish for short term, but a caution is warranted due to the volatility experienced in the period. Traders should exercise careful risk management and monitor the trend with strict stop-loss. The significant price increases in the most recent data points could indicate a potential short-term overbought scenario, making a near-term correction possible. However, given the high volume, the upward momentum might sustain for a short period.