Credefi Price Prediction: CREDI Soars 12% As This Green AI Transportation Presale Races Towards $4 Million

The Credefi price has soared 12% in the past 24 hours to trade for $0.0335 as of 05:00 a.m. EST on trading volume that slumped nearly 80%.

This surge in the Credefi price is attributed to anticipation for the listing of CREDI on Gate.io exchange today, April 26. Along with the listing, the exchange will conduct a 1.4 million CREDI startup free sale to its users to celebrate the listing.

Gate.io is a tier-1 global centralized exchange (CEX) and a leading trading platform. Credefi is a cryptocurrency committed to bridging the gap between Decentralized Finance (DeFi) and Traditional Finance (TradFi). This happens when it brings together cryptocurrency lenders with Small and Medium-sized Enterprises (SMEs) seeking loans.

Amid hype about the listing, the CREDI token is trending on AltsDaddy, alongside BRN, VELO, NAKA, UPO, RIO, and UBXS, among others.

Analysts also continue to monitor the Credefi price, with some anticipating up to 200% in gains for the token.

Credefi Price Prediction Amid Euphoria As CREDI Token Lists On Gate.io

The Credefi price is range-bound, consolidating along the 50% Fibonacci placeholder. It faces immediate resistance due to the 21-day Smooth Moving Average (SMMA) at $0.0341, with prospects to overcome this roadblock.

Based on the volume profile (yellow) on the right side of the eight-hour chart for the CREDI/USDT trading pair, there is a lot of bullish activity around the current price level. Specifically, there are many bulls interacting with the CREDI token around the current price level. This could result in more buying pressure to propel the Credefi price north.

A candlestick close above the 50% Fibonacci placeholder of $0.0413 would set the pace for a continuation of the uptrend, sending the altcoin to the range high of $0.0597. Such a move would constitute a climb of 80% above current levels.

Notice that there are no spikes in the bearish volume profiles (grey) above the current Credefi price. This should make it easy for the CREDI token to ascend, contingent on the bulls keeping their profit appetite in check.

Trades looking to take long positions for the Credefi price should probably wait for a decisive move of the Relative Strength Index (RSI) above the mean level of 50.

This would be reinforced by the Moving Average Convergence Divergence (MACD) indicator moving above its signal line, signifying a bullish cycle, accentuated by a move of this momentum oscillator into positive territory.

Credefi

TradingView: CREDI/USDT 8-hour chart

Converse Case

On the other hand, if profit booking commences, the Credefi price could drop. While a slip below the $0.0300 psychological level would encourage more sell orders, the bullish thesis will only be invalidated if the Credefi price breaks and closes below the $0.0230 bottom of the market range.

Meanwhile, investor attention has shifted to TUK, a green AI presale that is changing the world of transportation as it races towards the $4 million threshold in its presale.

Promising Alternative To Credefi

TUK is the ticker token for the eTuktuk ecosystem, a new crypto Initial Coin Offering (ICO) that is focused on electric vehicles.

Standing among the top player in the Web3 space, eTukTuk is the AI-integrated, eco-friendly future of transportation that aims to help Tuk Tuk drivers to switch to more energy-efficient modes of transportation.

Focusing on developing economies, the project leverages the $TUK token to establish networks of Electric Vehicle Charging stations (EVSEs).

eTukTuk aims to establish proprietary zero-emission vehicles (ZEVs) and EVSEs. These will be set up in multiple developing economies within their urban and suburban areas.

The network’s new game, Crazy Tuk Tuk taxi, became available on the App store this week. Participants get a chance to earn rewards and compete in thrilling races.

The TUK token allows holders to invest and earn right away via a staking mechanism that offers an annual percentage yields (APY) of 86%.

TUK tokens are price at $0.0305 each, but will increase in a little more than four days.

Visit the eTukTuk website to buy TUK tokens here.

Also Read:

  • Green AI Revolution in Web3 – Here’s How You Can Seize the 100X Opportunity With eTukTuk
  • eTukTuk (TUK) Storming Into 2024 With Massive Funding, Learn Why Here
  • eTukTuk Strives to Bring Sustainable Transport to Developing Nations With Its Innovative Three-Wheeler EV and Charging Infrastructure
  • eTukTuk Continues to Impress As Traders Rush to New Electric Vehicle Revolution in Developing Nations With Over $310k Raised Already

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