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Sajjad Askari
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PYUSD: How PayPal's New Stablecoin Could Change the Game? PayPal announced the launch of PYUSD on August 7, 2023. It is currently only available to PayPal customers in the United States, but it is expected to be rolled out to more countries in the coming months. Here are some of the benefits of using PYUSD: It is always worth 1 USD, so you don't have to worry about its value fluctuating. It is backed by secure and liquid assets, so it is safe and secure. It can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies. It is the first stablecoin to be launched by a major financial institution, which gives it credibility. If you are looking for a stable and secure way to store your money, or if you want to use cryptocurrency to make purchases, PYUSD is a good option.

PYUSD: How PayPal's New Stablecoin Could Change the Game?

PayPal announced the launch of PYUSD on August 7, 2023. It is currently only available to PayPal customers in the United States, but it is expected to be rolled out to more countries in the coming months.

Here are some of the benefits of using PYUSD:

It is always worth 1 USD, so you don't have to worry about its value fluctuating.

It is backed by secure and liquid assets, so it is safe and secure.

It can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies.

It is the first stablecoin to be launched by a major financial institution, which gives it credibility.

If you are looking for a stable and secure way to store your money, or if you want to use cryptocurrency to make purchases, PYUSD is a good option.

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$ETC ANALYSIS 30 MIN TIMEFRAME The pivot point of 16.23 is a support level. The RSI is trading below 30, which indicates that the bears are in control. The MACD is negative and above its signal line, which is also bearish. However, the price is trading under both its 20 and 50 period moving average, which suggests that the market is oversold and could be due for a rebound. The analyst's preference is for a rebound towards 17.19, but there is also a risk of a breakdown below 16.23. If the price breaks below 16.23, the next support levels are 15.86 and 15.64. If the price breaks above 16.23, the next resistance levels are 17.63, 17.41, and 17.19. Overall, the technical indicators are bearish. The RSI and MACD are both bearish, and the price is trading under its moving averages. However, the price is oversold, which suggests that a rebound could be in the cards. Traders should monitor the price action closely and be prepared to take action accordingly. Here are some additional thoughts on the technical analysis: * The RSI is trading below 30, which is a very oversold level. * This suggests that the bears may have exhausted themselves and that a rebound could be in the works. * The MACD is negative and above its signal line, which is a mixed signal. * This suggests that the bears are in control, but the bulls are not yet ready to take over. * The price is trading under its moving averages, which is a bearish signal. However, the price is close to its moving averages, which suggests that a rebound could be imminent. I hope this helps! LIKE SHARE AND COMMENT FOR MORE ANLYSYIS!! share your thoughts in comment section:) Hope for the best
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