Former MD of SUI Foundation, Greg Siourounis, Joins xMoney Global as Co-Founder and CEO to build MiCA-Regulated Stablecoin Platform

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 28 2024

UTK-0.205%

SUI-0.285%

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Appointment of Dr. Greg Siourounis: Dr. Greg Siourounis has been appointed as Co-Founder and CEO of xMoney Global, where he will lead the company's expansion into blockchain-based payment solutions while ensuring compliance with upcoming MiCA regulations in Europe.
xMoney Global's Vision: The company aims to create a comprehensive payments platform that integrates fiat and crypto transactions through a native stablecoin, enhancing accessibility for consumers and businesses while bridging traditional finance with decentralized finance.

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Technical Analysis for UTK

Technical Sentiment Analysis for xMoney (UTK). As of , xMoney (UTK) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for UTK 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, UTK 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 $-.

xMoney (UTK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00648	0.00751	0.00863	0.00966	0.0108	0.0118	0.0129
Fibonacci	0.00751	0.00834	0.00884	0.00966	0.0105	0.011	0.0118

About UTK

xMoney (formerly known as Utrust) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.The main goal of the platform is to build a system that will enable fast and seamless crypto and fiat transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.xMoney also aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems.By leveraging cutting-edge technology and a strategic partnership with MultiversX, xMoney empowers individuals and businesses to optimize their payment processes, drive growth, and deliver exceptional experiences to their customers. With its commitment to innovation and excellence, xMoney continues to lead the way in transforming the financial industry.xMoney (UTK) native token and its tokenomics UTK 3.0 primary purpose is to drive desired behaviors, such as accepting crypto and fiat for businesses and facilitating payments with the same for users. This encourages more companies to join the ecosystem, creating a flywheel effect that benefits buyers, users, investors, token holders, and businesses. The adoption of decentralized financial tools and currencies is further fostered through this collaborative approach.

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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