🚀 Trakx: Redefining Crypto Index Trading 📊
🚀 Let's dive into key features and potential of #TRKX in this captivating thread! 🧵👇
1️⃣ Introduction: Trakx is a next-gen platform for crypto-index trading, simplifying diversification with its unique Crypto Tradable Indices (CTIs). These baskets of digital assets focus on the largest and most liquid cryptocurrencies, making it easy for investors to gain market exposure with a click. Trakx supports both centralized and decentralized exchanges, catering to a wide range of investors, and offers thematic baskets to navigate the dynamic crypto market seamlessly.
2️⃣ Technology: Trakx uses advanced algorithms to create CTIs, offering broad market exposure through a user-friendly interface. The platform supports both centralized and decentralized exchanges, ensuring accessibility. Real-time price updates and an intuitive interface make managing portfolios straightforward.
3️⃣ Whitepaper Analysis: Trakx's whitepaper highlights several key aspects. It emphasizes the utility of Crypto Tradable Indices (CTIs) that provide diverse exposure through baskets of top cryptocurrencies. The platform’s thematic baskets allow users to target specific market segments or technologies effortlessly. By supporting both centralized and decentralized trading, Trakx offers flexibility to investors. A user-friendly interface simplifies portfolio management, while advanced algorithms and technology underpin the platform’s capability to deliver effective index creation.
4️⃣ Use Case: The TRKX token powers the Trakx ecosystem, granting access to CTIs, thematic baskets, and enabling trades. It also facilitates transactions within the platform, enhancing user engagement and making it a key element in the platform's functionality.
5️⃣ Team: Trakx's leadership combines expertise in blockchain, finance, and investment management, driving innovation in the crypto index space. The team consist of Lionel Rebibo (CEO), Matthieu (CTO), Laurent Barocas (Co-founder) and many more. Their commitment ensures the platform's continued development and reliability for users.
6️⃣ Partnerships: Trakx has forged strategic alliances with blockchain and financial institutions, strengthening its offerings. These partnerships position the platform at the forefront of DeFi, supporting a robust ecosystem for crypto index trading.
7️⃣ Security: Security is a top priority for Trakx, with advanced protocols and regular audits in place. This commitment builds user trust, ensuring a safe environment for trading and portfolio management.
8️⃣ Tokenomics: The TRKX token has a fixed supply of 1 billion, supporting trading, governance, and development. Designed for sustainability, it also allows holders to participate in decision-making, promoting a decentralized and balanced ecosystem.
9️⃣ Exchanges: TRKX is listed on major exchanges, like MEXC, Gate.io, Bingx providing liquidity and making it easy for users to trade the token. Availability across platforms ensures accessibility and smooth trading experiences.
🔟 Recent Developments: Trakx has introduced new features to enhance user experience, including new trading pairs and improved security measures. These updates keep the platform competitive and user-focused in the evolving crypto market.
1️⃣1️⃣ Conclusion: Trakx is a game-changer in crypto-index trading, offering innovative solutions for portfolio diversification. Its cutting-edge technology, strong partnerships, and commitment to security make it a key player in DeFi. With continuous improvements, Trakx is poised for future success. 🌟
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#BinanceTurns7 #WeAreAllSatoshi #DEFI #web3 #Polygon $POL
$UNI
$STG

#Polygon ($POL ) has excited its investors with its technical structure despite the recent decline.
Due to the writing of the news, POL is trading at $ 0.3682 with a market value of over $ 2.8 billion. Due to the price decline that has been going on for a while, a large part of the accumulation has been at a loss. 10,300 POL addresses are in profit and this is only a fraction of 1 percent of the total income. However, the bullish formation formed in the POL chart has started hopeful applications for the rise.
The formation that excites POL investors is that while the supply in POL's exchanges has decreased, the supply of the exchanges abroad has increased. According to the data in question, the buying pressure is increasing. POL, which was distributed at $ 0.360 due to the writing of the news, says days to the breakout. A sharp pricing can be expected according to the directions of the triangle structure breakout. Considering that Bitcoin has exceeded $ 65,000, it can be expected that the breakout in the popular altcoin will be upward. In such a scenario, the $0.50 region can be targeted first.
The increase in Bitcoin dominance, ETH's failure to exceed $2500, or negative developments in the Polygon ecosystem will pull the price down. In such a scenario, a reaction can first be expected from the lower band of the triangle ($0.30). Afterwards, the $0.25 and $0.20 levels can be followed as support.
In addition to these, it will be useful to follow onchain. The increasing number of profitable addresses may indicate that the parity may be bullish. The increase in losing addresses will mean that the price has not been able to break the selling pressure

#polusdt #binance #altcoins

Ripio, the top digital assets marketplace in Argentina, has joined the Polygon network to speed the uptake of Web3 apps in the region. The Buenos Aires-located startup is adding its Ripio Market, Ripio Portal, and Ripio Wallets items to the Polygon network. It currently reaches more than 7 million residents in the region. In addition, Ripio will employ several scaling technologies provided by Polygon Labs for creating a B2B blockchain.

According to Hamzah Khan, director of DeFi of Polygon Labs, this agreement is a crucial milestone in the objective to increase the utilization of the Polygon channel across Latin America. Customers of Ripio will also have a more extensive variety of Web3 technologies. It will benefit from quicker and less expensive transactions thanks to the Polygon system’s integration.

Ripio and Polygon Collaborate to Expand Access to Decentralised Applications

Ripio, the blockchain wallet provider, has announced its partnership with Polygon to drive blockchain adoption in Latin America. As a part of this collaboration, Ripio has integrated with Polygon. It enables its users to connect with the Polygon network and access its decentralized applications.

Ripio Portal is a multi-blockchain wallet that facilitates buying, selling, receiving, transmitting, and trading tokens. Additionally, it allows users to store digital assets and participate in Web3 games. With this integration, Ripio’s subscribers can access a wide range of decentralized apps. It comprises popular projects like OpenSea, Uniswap V3, Magic Eden, and Aave by connecting to the Polygon network.

Ripio and Polygon Join Forces to Expand Blockchain Accessibility in Latin America

Polygon’s integration with Ripio is a significant step toward promoting blockchain adoption in Latin America. In Oct last year, Polygon announced its collaboration with Nubank, one of the largest digital banking platforms in Brazil, Columbia, and Mexico, with over 70 million clients. Nubank is using Polygon Supernets systems to create its crypto token, Nucoin.

Sebastián Serano, co-founder, and CEO of Ripio stated that their mission is to make the crypto world accessible to as many people and organizations as possible. They are dedicated to their customers and strive daily to simplify access to Web3, which they believe will eventually become the norm.

The partnership between Ripio and Polygon is expected to accelerate the adoption of blockchain technology in Latin America. By making it easier for users to connect with the Polygon network and access its decentralized applications, this collaboration has the potential to bring the benefits of blockchain technology to a wider audience.

The Polygon (MATIC) price reaction to the $1.25-$1.32 resistance area could determine the future trend.

The Polygon network is a scaling solution for the Ethereum blockchain, specializing in smart contracts. Its native token is MATIC. UniLend, a decentralized finance platform, announced its launch on the Polygon ZK rollup (Zero-Knowlege). Its previous testnet has more than 10,000 users.

Polygon (MATIC) Lingers in Long-Term Range

The MATIC price has traded above the $0.80 horizontal support area since August 2022. Even though it has bounced above it several times, the price failed to break out above the range high of $1.40.

The MATIC token created a long lower wick during the week of March 6-13, possibly beginning an upward movement toward the range high of $1.40. This is also supported by the weekly RSI, which is trading above 50.

However, if the rally loses momentum, the Polygon price could fall to the $0.80 range low.

MATIC/USDT Weekly Chart.

Is Polygon (MATIC) Completing Relief Rally?

The daily time frame technical analysis indicates that the MATIC price is in wave B of an A-B-C corrective structure. After this is complete, another drop will follow.

This is because the price completed a five-wave upward movement (black) before breaking down from the ascending support line. As a result, the increase is likely done.

If the count is correct, the MATIC price will increase to the 0.5-0.618 Fib retracement resistance (white) levels at $1.25-$1.32. Afterward, another drop will follow. Due to the fact that the daily RSI was rejected by 50 (red icon), it is possible that the price has now begun the C wave which will take it toward the $0.81 support area, which also coincides with the previously outlined range low.

On the other hand, a decisive close above $1.32 will invalidate this bearish forecast. In that case, the MATIC price could increase to the long-term resistance at $1.40 and possibly break out, moving toward $1.92.

MATIC/USDT Daily Chart

To conclude, the most likely MATIC price forecast is a fall toward $0.81. However, a close above $1.33 would invalidate this and could initiate an increase to $1.40 and possibly $1.92.

#MATIC #Polygon

Solana overtook Polygon by market cap for some time. Crypto market capitalization hits $1 trillion. SOL is currently trading at $23, a major rise from $8 at the end of 2022.
According to data from CoinMarketCap, Solana (SOL) took over Polygon (MATIC) for a brief time with a total market cap worth $8,646,177,569. However, Polygon soon reclaimed its place with a market capitalization of $8,669,549,784. At the time of writing, SOL’s market cap stands at $8,636,881,477.
Moreover, the crypto rally over the last two weeks has pushed the industry’s total market capitalization to $1 trillion, for the first time since crypto exchange FTX’s downfall. Additionally, Bitcoin’s value increased by 27%, going from $16,500 to $21,000 in just two weeks. BTC’s market cap hit $400 billion with its dominance going back up to 41%.
However, Bitcoin is not the only digital asset on the rise. The majority of altcoins including Solana, Polkadot, Polygon, Avalanche, and more are experiencing a heavy rise in their prices.
While Solana was impacted the most in Sam Bankman-Fried’s crypto shakeout, SOL has almost tripled in value surging to $23 after a debating $8 at the end of 2022.
On the other hand, $SHIB’s new meme coin BONK is suffering a downtrend after being on the rise by 787% since its launch. Currently, it is down by 56% from a seven-day high of $0.000002 last Sunday to a low of $0.00000088 on Friday.
Meanwhile, Shiba Inu has also spiked in the last few days, nevertheless down by 88% from its all-time high of $0.000086. Simultaneously, its competitor DOGE marked more than 16% gains from a seven-day low of $0.077 on Tuesday to a high of $0.092 on Monday.
The post SOL Overtakes MATIC By Market Cap, What’s Next For DOGE? appeared first on Coin Edition.