🈵 KUJIRA (KUJI)

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8 Jan 2024

☘️Hi , my dear readers :)) Today , i'm gonna give information about Kujira Network and share some datas and my prediction about project.

KUJIRA NETWORK

In theory Kujira is decentralized ecosystem that provide sustainable FinTech solutions to protocols and innovateive payment infrastructure. Their mission is to provide a range of easy-to-use and cost effective tools for people of all levels of crypto experience.
Kujira team has decided to build Kujira Network after being Terra Luna and Anchor Protocal crises. After Terra crash , team saw inherent weakness of DeFi markets and they decided to fulfill their destiny (!) .
They present to consumer different types of services on different types of platforms. Here is all products of Kujira ecosystem : platforms.https://kujiraecosystem.com/
Kujira is built on Cosmos network and it's using Cosmos SDK . Which means that it has the ability to connect with other blockchains through the Inter-Blockchain Communication(IBC).
So it has croos-chain functionality. Also Kujira Network was fueled by cosmWASM . Furthermore Kujira is a staked-based network , which means that all of the dApps in its ecosystem use a shared pool tokens to secure network. This allows users to earn reward for participating network with staking. Also this increases the decentralized of network .Here are some of the reasons why Kujira Network stands out.

RATIOS ,METRICS AND TOKENOMICS On Kujira Blue , 68.4M KUJI are already staked . It equal to nearly %50 of the total KUJI supply. By the way all of KUJI tokens are in circulation so there is no vesting or token unlock anymore.
Right now , total market cap also FDV market cap of KUJI is 575.8 million dollars. It is 12th in Cosmos Ecosystem by market cap.

Whe we're looking TVL(Total Value Locked) on Kujira Network , we see obvious increase in TVL . TVL has reached all time high recently. By the way , primary sources of increase in TVL is debt with ghost . You should be careful about this :).

GRAPH&ANALYSIS

When we're looking at the chart ; we see very bullish price action . Increase in total market prices and also hype on Injective may led to increase in price like that.
When we're looking volume bars , we can see decrease in volume over time . This may cause it to continue accumulaiton period in price. We should care 3.50$(FVP balance level) and 4$(S/R flip , fibonacci 0,5 and VWAP level) levels for support. ATH point and 5 dollars area are strong resistance levels .