Creditcoin Mainnet Launches with EVM Compatibility and New CreditWallet App

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 28 2024

Should l Buy CTC?

Launch of EVM-Compatible Mainnet: Creditcoin has launched its EVM-compatible mainnet to enhance global financial inclusion, allowing developers to migrate dApps and smart contracts easily while introducing the Universal Smart Contract layer for secure cross-chain interactions.
Introduction of CreditWallet App: The new CreditWallet mobile app simplifies asset management and cross-network transfers, offering a user-friendly interface and enhanced security features, while existing users will need to reconfigure their roles on the new mainnet.

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Technical Analysis for CTC

Technical Sentiment Analysis for Creditcoin (CTC). As of , Creditcoin (CTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, CTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Creditcoin (CTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.11	0.129	0.145	0.164	0.179	0.198	0.213
Fibonacci	0.129	0.142	0.151	0.164	0.177	0.185	0.198

About CTC

Launched on 04/04/2019 by a team based in the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin aims to address the lack of credit system among the unbanked in the emerging market. People who cannot access the banking system have to borrow from non-banks. However, credit records with non-banks are not accepted by the banks since they cannot trust the data. The project aims to solve the problem by recording credit transaction history objectively on a public blockchain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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