Creditcoin Price Up By 28.28%- Time to Buy CTC Coin?
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The year is drawing to a close, and many digital assets prices are dialling down. However, Creditcoin is seeing new greens in the market. This recent price increase is a motivation for investors to buy CTC.
Creditcoin is a cryptocurrency that combines several blockchains to establish a safe and transparent cryptocurrency lending system that connects fundraisers and lenders directly.
The project intends to connect blockchain assets using a simple protocol, create a cross-blockchain loan mechanism, and move the crypto ecosystem closer to a stable currency.
With blockchain technology increasingly merging with most legacy-based organisations, it’s important to look into the technical and fundamental performance of the Creditcoin blockchain to see if now is a good time to buy CTC.
CTC Market Performance
At press time, the Creditcoin utility token is currently trading at $2.2763. The asset’s current pricing reflects a 28.82% gain in the previous 24 hours, indicating a strong bullish backing.
Creditcoin is the 210th most valuable digital asset and presently dominates an undetermined part of the global crypto market.
CTC has a market valuation of $4.9 billion and has gained 9.90% in the last 24 hours. The cryptocurrency has a 24-hour trading volume of $40.3 million and has increased by an amazing 271.63% in the past day.
The digital currency has outperformed earlier forecasts, simultaneously gaining new support and resistance levels. This consistent upward tendency is a strong incentive for investors to buy CTC.
The cryptocurrency was trading at $2.899 on August 21, then on September 10, the digital asset jumped to $4.022, a twofold increase over the previous price. On October 20, the token price dropped to $2.550 from a price peg of $3.286 recorded at the close of trading on September 30.
This price leapt to $2.715 on November 9 before falling once more to a modest $2.218 on December 12. This price peg continued to move upwards until CTC recorded the current price of $2.2763.
CTC Technical and Fundamental Analysis
The technical indicators for the digital asset reflect the negative trend, with the coin trading below the $2.7761 20-day moving average (MA) support price. With a support price of $2.776, the 200-day MA backs this bearish record.
The Relative Strength Index (RSI) puts Creditcoin in the underbought region as the chart puts the digital asset on the 59.77 figure.
The moving average convergence and divergence (MACD) trend line depicts a buy signal, with the green trendline currently leading the charge. However, this presents a unique opportunity to buy CTC and rise with the crypto market.
The blockchain network recently announced the launch of creditcoin2.0 testnet. This innovation would help expand the Creditcoin network, making transactions easier, more secure and faster.
Following the launch, Creditcoin has announced a prospective Upbit listing on their Twitter account. In South Korea, Upbit is the most popular cryptocurrency exchange site, frequently included in Asia’s top startups’ list.
All of Upbit’s 8.9 million users and new users will be able to invest and acquire CTC as a result of this listing. Creditcoin’s placement on Upbit also offers new possibilities for adoption and wider use cases.
CTC has also been listed on one of the largest cryptocurrency exchange platforms, MEXC Global exchange, allowing investors to buy and invest in the digital asset directly. This announcement was made public on Twitter and has sparked a lot of interest in the crypto community.
Investors can now trade over 1100 cryptocurrencies, including CTC, on the Mexc exchange website or through their mobile app, available for download in the Apple and Android app stores.
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