Last Update: 2024-12-14 UTC
$ACE #Fusionist ⭐Tokenomics
Market Cap (MC): $114M
Fully Diluted Valuation (FDV): $392M
Total Supply: 146.3M ACE
Max Supply: 147M ACE
Supply in Circulation: 42.32M ACE - 28.79% of Max Supply
👉Token Unlocks
Although there is no immediate large amount of unlocking, there is a regular opening of ~2% of the max supply every month until the end of 2027. The amount that will be in circulation by the end of 2025 will be twice the amount in circulation now, and this has a long-term price suppression effect.
While there are cases where similar tokens in the same category approach or exceed the March 2024 peak price, we see that although
$ACE has increased by almost 2x from the lowest level it fell, it remains behind the best performers.
Unlock Schedule
Upcoming Unlock Events
👀Inflation
Market Cap Change
Price Change
(T0) 2023-12-21
MC: ~$375M
Price: ~17.07 USDT
(T1) 2024-12-14
MC: ~$114M
Price: ~2.69 USDT
(T1) - (T0)
MC Change: ~ -70%
Price Change: ~ -84%
What Should the Price Be If There Was No Token Inflation During This Period (That is, if there was no increase in supply)?
~5.19 USDT 👀
👀Since there is no time/time series analysis in target price studies, try to reflect the inflation difference in the period in which you are looking at the relevant prices.
⭐Correlation with $BTC / Category Major(s)
Does the coin/token correlate with BTC during BTC uptrends and downtrends?
Although it tries to accompany BTC's recent rise, we see that it cannot show much correlation due to the pressure of the inflationary effect and the absence of gaming hype.
💰BTC Pair
The BTC pair seems quite weak. It is currently below the white line below, which is the weekly support. This indicates that the decline may continue or, at best, horizontal accumulation may continue. In order to talk about a rise, it must first break the red box resistance and make a new Higher High (HH).
⭐Price Analysis
👉Recent Period
At the time of the flash crash, the rising trend was broken in the Low Time Frame (LTF), although it bounced from the optimal trade entry area of the last swing, since it has not yet made a new high, the pullback seems like a retest of the broken support at the moment.
The declines may deepen under the green box. In any case, the red box resistance must be broken and a new Higher High (HH) must be made in order for the rise to begin.
💵Price Targets
👉As I mentioned in the graphs above, if the decline deepens, I have marked the technical levels below where it can go further.
👉I see the gray box I drew as a complete accumulation range. In order to get out of this accumulation and start the rise, the red resistance line must be exceeded and it must be sustained above it.
👉I think the toughest resistance can be seen at the level of 8.20 (in a very general sense; bullish above, bearish below). It is essential to break this level because this is the level where it is broken with volume and cannot regain it and the decline deepens.
👉Although volume averages are slightly higher than in the downturn, there is no significant increase.
👉Considering the current performance and token inflation, it seems that this level can be exceeded and the old levels can be seen only with a strong gaming hype maybe.
👉Since it is a low market cap project, its potential and risks may be high accordingly.
👉While some of the equivalent regions of similar coins easily passed this resistance, the majority could not pass it at once and made corrections. For this reason, each significant level I marked above can be used as partial profit-taking levels and in possible corrections, the quantity can be increased by buying from the lower support levels below.
👉Frankly, there are technically higher-level targets, but as I have written before, there is no guarantee that each target can be seen in a single cycle. When we consider the current performance, I see no point in sharing them at this stage.
💥CautionsNevertheless, remember that during the hottest times of the bull season, very great levels can be reached with #FOMO, but these levels cannot be maintained for long and very sharp corrections are experienced (try to understand by looking at old bull peaks). Manage your risk with these in mind and wait for healthy corrections without increasing your purchases in expensive areas.
My posts are only technical and fundamental comments of mine and express my conclusions based on my own experience.
Since there is no time/time series analysis in target price studies, there is no answer to the questions "When?" or "What will the price be on this date?"
Sharing/analyzing a coin/token does not mean that I like or dislike it, think it will be successful or unsuccessful, support it or not, invest/trade or stay away from it. I analyze it in line with requests and share my individual opinions.
None of my posts or comments are within the scope of investment/financial consultancy and should definitely not be understood in this sense.
You should manage your risk by considering your own financial situation for your investments and trades, do your own research and then take action (DYOR). If necessary, you can even request professional support from authorized persons and institutions to provide consultancy.
👋Hey!Unlike my social media posts, in addition to majors, here I'm planning to analyze your #altcoins with medium and low market caps too! I'll provide mid-to-long term price targets for the bull season. 🔥
If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! 👊
Bull Season Price Targets Series: Requests from Followers - INDEX