BLOCERY (BLY) Coin Overview and Weekly Technical Review:
This article centers around a thorough assessment of BLY coin's technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value
This article centers around a thorough assessment of BLY coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is BLOCERY (BLY) Coin?
The Blocery (BLY) coin is a cryptocurrency that is associated with the Blocery platform. Blocery is a blockchain-based decentralized marketplace for agricultural products and groceries. The BLY coin serves as a medium of exchange within the ecosystem, enabling users to make transactions, purchase goods, and access various services on the platform. It aims to provide transparency, efficiency, and security in the agricultural supply chain by leveraging blockchain technology.
If you want to know more about the BLOCERY (BLY) coin , you can visit its website.
Blocery (BLY) coin is primarily associated with the Blocery platform, which focuses on revolutionizing the agricultural supply chain. Some of the key projects and features of Blocery include :
- Decentralized Marketplace : The platform provides a decentralized marketplace for agricultural products and groceries, connecting farmers, producers, distributors, and consumers directly .
- Supply Chain Transparency: By leveraging blockchain technology , Blocery aims to bring transparency to the entire supply chain process . This allows users to trace the origins of their food products and ensures authenticity .
- Smart Contracts : The use of smart contracts enables automated execution of transactions on the platform , eliminating intermediaries and reducing costs .
- Food Safety Assurance : With its focus on traceability and transparency , Blocery aims to ensure food safety by providing accurate information about product origin, cultivation methods, storage conditions, etc .
- Token Economy : The BLY coin serves as an integral part of the ecosystem by facilitating secure and fast transactions within the platform while incentivizing participants through token rewards .
These projects collectively aim to create a more efficient agricultural market that benefits all stakeholders involved while promoting trust in food sourcing processes .
Factors affecting price:
The price of the Blocery (BLY) coin, like any other cryptocurrency, can be influenced by various factors . Some of the key factors that may impact the price of BLY include :
- Market Demand and Adoption : The overall demand for BLY coins in the market plays a significant role in determining its price . Increased adoption and usage of Blocery’ s platform can drive up demand for BLY, potentially leading to an increase in its value .
- Platform Development Progress : Any updates or developments related to the Blocery platform can influence investor sentiment and confidence in the project. Positive advancements such as new features, partnerships, or expansions could have a positive impact on BLY’ s price .
- Regulatory Environment : Cryptocurrencies are subject to regulations imposed by governments and regulatory bodies worldwide . Changes in regulations or legal frameworks concerning cryptocurrencies might affect investor sentiment towards BLY and ultimately impact its price .
- Overall Crypto Market Sentiment : As with most cryptocurrencies , BLY’ s price can also be influenced by general market trends and sentiments within the broader crypto industry . Factors like Bitcoin’s performance, market volatility, news events affecting multiple cryptocurrencies can all have an indirect effect on BLY’s price .
- Investor Confidence: Investor confidence is crucial for any cryptocurrency’s success . News regarding security breaches, hacks, scams involving Blocery or negative publicity surrounding it could negatively impact investor confidence and lead to a decrease in demand for BLY tokens .
It is important to note that cryptocurrency prices are highly volatile and susceptible to rapid changes due to these factors as well as other unforeseen circumstances within both crypto markets and traditional financial markets .
Where can I buy BLOCERY Coin (BLY)?
Exchange Pair Volume
BLOCERY Coin (BLY) Baseline Assessment :
The market cap of the BLOCERY (BLY) coin is — and its circulating supply is 709,244,440 units. Its total supply is 1.000.000.000 units, with a fully diluted valuation of $ 3.492.846.
What is the high price point for BLOCERYCoin (BLY)?
BLOCERY Coin (BLY) highest price is $0.6763 recorded on Apr 04, 2021 . The current price is -99.47% lower than the all-time high .
What is the low point of the price for BLOCERY Coin (BLY)?
BLOCERY (BLY) token’s lowest price was $0.002898 on Jun 12, 2023.
BLOCERY Coin(BLY) Technical Outlook:
Blocery (BLY) coin, which was $ 0.343 on April 05, 2021, fell to $ 0.0024 on April 17, 2023. Recently, this level has started to consolidate. For an uptrend, it is necessary to break the falling trend line with volume and close the candles above it. The level of 0.009789, which is the volume region of the downtrend, is strong resistance. Candle closures above the $0.009789 price level were not followed in order to change the market structure and start the uptrend. As long as this level is not passed, bullish movements will remain in reaction. Horizontal resistances on our chart should be followed in possible rises.
Our support point is $0.00246, our sequential resistances are $0.00760 – $0.001820 – $0.0388 – $0.34399.
Investment information comments, and recBLYmendations contained herein are not within the scope of investment consultancy . The content, cBLYments, and recBLYmendations herein are not guiding but general . These recBLYmendations may not suit your financial situation and risk and return preferences . Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .
You may be interested in:
- Twitter Goes Wild with Rumors of Terraform Labs Founder Concealing Hardware Wallet Inside Body
- Render Token Price Predictions: A Promising Outlook for the Future
- Fed Chair Jerome Powell Declares Stablecoins as Currency, Sparking Regulatory Debate