CREDIT Coin Weekly Analysis And Price Prediction
This article will analyze the CTC coin according to www.coinmarketcap.com data. First, we will discuss the CTC coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.
This article will analyze the CTC coin according to www.coinmarketcap.com data. First, we will discuss the CTC coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.
What is CTC Coin?
Creditcoin is a decentralized finance (DeFi) focused blockchain platform that records non-bank loans and connects borrowers and lenders on Web3 to increase auditability, transparency, and trust in loan transactions. The native asset of the Creditcoin protocol, which aggregates user loan data and lenders and borrowers on a single platform, is CTC Coin. CTC Coin is a cryptocurrency with two different versions on the Ethereum and Hyperledger Sawtooth blockchains and is used to incentivize users.
What are the Projects of CTC?
Creditcoin aims to close the lack of credit systems between bank accounts in the emerging market. Noting that many borrowing transactions that cannot access the banking system turn to non-bank resources, the developers want to close the problem by recording the bank non-credit records that are not accepted due to the situation in the hands of the banks with Creditcoin on blockchain technology. The Creditcoin platform makes it possible to transact across multiple blockchains while consolidating lenders and borrowers on a single platform. Users who want to borrow a carrying capacity with lenders through the platform. Credits received after the communication passed are recorded in the blockchain and oppose a possible move or similar behavior in the future. Miners involved in this registration process are rewarded with the platform’s local presence, CTC, and work on incentives that have system features. Creditcoin, which assists the bank in building loans, acts as a new global management access point for tips. With the help of the Creditcoin network, users are directly connected to FinTech lenders worldwide, helping to invest in USDC and secure loans without needing a bank.
What are the Credit coin Usage Areas?
CTC Coin usage areas are as follows:
Payments: In-platform transaction fees are paid by CTC.
Fee Refunds: At the end of the one year following the payment of the transaction fees, the fees paid by the users are refunded by CTC.
Incentive: Mining incentives are made with CTC.
Investment: You can buy, sell and exchange CTC from listed cryptocurrency exchanges.
Money Transfers: You can complete cross-border money transfer transactions faster and at a lower cost with CTC Coin instead of fiat currencies.
What Makes the Creditcoin Project Unique?
Creditcoin differentiated itself with its mission of recording the lender-borrower relationship on the blockchain, which has no access to the bank and has developed in different markets. We can share the unique features of the platform, which took an essential step towards revolutionizing the FinTech field to provide access to real-world products through its blockchain platform:
It creates a lending infrastructure that allows lenders and microfinance providers greater access to capital.
Borrowers secure transactions, loans, and objective credit histories on a groundbreaking immutable ledger with the Creditcoin token.
The Creditcoin blockchain is based on the Hyperledger Sawtooth architecture.
It is designed to match and record credit transactions, creating an auditable and reliable source of credit verification.
Combining blockchain assets with a simple protocol creates trust and opportunity in the cross-blockchain lending market.
Creditcoin technology provider (builder) is Gluwa.
The name of the distributor and representative (buying users) of the blockchain is Aella.
The ecosystem has two different tokens, CTC and G-CRE, representing the same underlying asset.
CTC Coin Technical Analysis
From the January 2022 high of $2.36 to this week’s historic low of $0.21, the May 2022 drop turned itself into support. If the support works, the first resistance appears at $0.28 and the second at $0.68.
This article does not include specific investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not have investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.
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