Wadoozie Launches Ethereum Signal Network with Fair Launch and Nationwide Tour

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 51 minutes ago

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Fair Launch Initiation: Wadoozie officially launches its $WADZ ERC-20 token on the Ethereum network via Uniswap on May 27, employing a fair launch model with no presale, no private rounds, and no insider allocations, ensuring market transparency and fairness.
Token Supply Details: Of the two billion tokens minted at genesis, approximately one billion were burned at launch, leaving an effective circulating supply of around one billion, with 75% locked in a DAO-governed liquidity pool, enhancing token stability.
On-the-Ground Activities and Rewards: During Wadoozie's 48-state tour, a total of 576 Signal Fragments will be placed in each state, with Legendary fragments worth 461,250 $WADZ and Common fragments worth 15,375 $WADZ, distributing approximately 34.7 million $WADZ directly to community finders, incentivizing community engagement.
Smart Contract Audits: Prior to launch, Wadoozie's smart contracts were audited by CertiK, Skynet, Coinsult, and SolidProof, ensuring project security and compliance, thereby providing confidence to investors.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

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

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1787.241	1898.27	2009.451	2120.48	2231.661	2342.69	2453.871
Fibonacci	1898.27	1983.155	2035.596	2120.48	2205.365	2257.806	2342.69

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

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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