Euro Stablecoins Exceed $1 Billion Yet Still Represent a Small Fraction of Europe's Money Supply
Euro Stablecoins Milestone: Euro-denominated stablecoins have reached a total circulating supply of approximately $1 billion, which is only about 0.006% of the eurozone's M2 money supply of $15.5 trillion, indicating the market's early stage.
Market Growth and Multi-Chain Expansion: The growth of euro stablecoins has accelerated since late 2023, with Ethereum leading in issuance while adoption spreads across multiple chains like Arbitrum, Polygon, and Solana, reflecting a shift towards broader on-chain activity.
Comparison with Dollar Stablecoins: Despite the recent growth, euro stablecoins remain significantly underdeveloped compared to dollar-based counterparts, which play a crucial role in crypto liquidity and global settlements.
Future Potential: The current milestone highlights the potential for expansion in euro stablecoins, contingent on factors like regulatory clarity and increased institutional usage, suggesting that the market has considerable room for growth.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TOKEN 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 stock.
Support, Resistance & Moving Averages From a structural perspective, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000702 | 0.00176 | 0.00258 | 0.00364 | 0.00447 | 0.00552 | 0.00635 |
| Fibonacci | 0.00176 | 0.00247 | 0.00292 | 0.00364 | 0.00436 | 0.0048 | 0.00552 |
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