Creditcoin was created by a group of people from the United States, Canada, South Korea, Nigeria, and Estonia on April 4, 2019, with the goal of addressing the lack of credit facilities among the unbanked in developing markets.
People who do not have a connection to the financial system must borrow through non-banking institutions. Non-bank credit records, on the other hand, are not acknowledged by banks because the data is untrustworthy. The idea intends to address the issue by honestly documenting credit payment information on a public blockchain.
As per coinmarketcap, the entire quantity of CTC is roughly 2 billion coins, with around 564 million currently in circulation. It is ranked 211th in terms of market capitalization and has low market dominance.
CTC is trading at $2.25 at the time of posting, up over 9.25% within the last 24 hours. Correspondingly, today’s high and low prices are $2.00 and $2.35. The everyday trade quantity has reduced by around 0.45%. CTC hit its all-time high in March 2021, with a value of over $9.10. Following the crisis, the value plummeted to nearly $1.010 in May 2021. In general, the price is rising to new highs. They experienced a drop of nearly 5.25 % for the month of November. They’ve seen a drop of almost 10% in the last month.
It is clear that the value had already been stabilizing for some time and that the price of Creditcoin had been varying for some time before soaring skyward. This upward thrust resulted in an order block. This order block is currently on a weekly schedule. The price continued to rise, forming five green candlesticks that merged into a fresh all-time high.
Following that, the value of Creditcoin struggled to make a new high and fell to form a base. The composition shifted as a response to this. The value has dropped three times, resulting in an identical downtrend. This indicates that the company is experiencing a liquidity crisis. The 2nd order block, which also led to the pricing drop, is one to pay attention to. What could occur here is for the value to decline in order to alleviate the order block that already exists. This is in conjunction with the liquidity that has existed. It can climb to the top and meet the order block.
CTC is indeed an excellent investment that will pay out in great ways. CTC is also a great investment, according to Wallet Investor. They predict that the price will reach $4.364 in a year. The price will rise to $13.129 in the next five years. On the other hand, traders are quite bullish on the value and believe that CTC will soon be moving up to a higher ATH.
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