Creditcoin (CTC) is a blockchain platform designed to connect lenders and borrowers globally, creating a decentralized credit network. Its native token, CTC, facilitates transactions and powers the ecosystem. This article provides a comprehensive analysis of Creditcoin's current market status, including its real-time price, market capitalization, trading volume, and other essential metrics.
Real-Time Creditcoin (CTC) Price Overview
As of the latest data, Creditcoin is trading at approximately ¥4.27. Over the past 24 hours, the price has decreased by ¥0.07969, representing a decline of 1.86%.
Key Market Statistics
- Market Capitalization: ¥17.84 billion
- 24-Hour Trading Volume: ¥41.2866 million
- Circulating Supply: 417 million CTC
- Total Supply: 549 million CTC
- Year-to-Date (YTD) Return: -45.74%
Detailed Price Data
- 24-Hour Opening Price: ¥4.35
- 24-Hour High: ¥4.40
- 24-Hour Low: ¥4.24
- 52-Week High: ¥21.29
- 52-Week Low: ¥2.56
- All-Time High (ATH): ¥20.81
Understanding Creditcoin's Market Position
Creditcoin aims to revolutionize the credit industry by leveraging blockchain technology. Its platform enables transparent and accessible credit transactions, potentially benefiting unbanked and underbanked populations worldwide. The project's value is intrinsically tied to the adoption of its network and the utility of the CTC token.
Factors Influencing CTC's Price
Several factors can impact Creditcoin's price movements:
- Market Sentiment: Overall trends in the cryptocurrency market significantly influence altcoins like CTC. Bullish or bearish Bitcoin cycles often dictate broader market directions.
- Platform Adoption: Increased usage of the Creditcoin network for credit transactions can drive demand for CTC tokens.
- Technological Developments: Updates, partnerships, and improvements to the Creditcoin protocol can affect investor confidence and token value.
- Regulatory Environment: Global regulations concerning cryptocurrencies and decentralized finance (DeFi) can create volatility or stability for projects like Creditcoin.
For those interested in tracking these dynamics in real-time, 👉 explore advanced market analysis tools that provide detailed insights and charts.
How to Analyze Creditcoin's Performance
Analyzing CTC involves examining both technical indicators and fundamental factors. Here’s a structured approach:
Technical Analysis
- Price Trends: Monitor daily, weekly, and monthly charts to identify patterns and potential support/resistance levels.
- Trading Volume: High volume often confirms the strength of a price movement, while low volume may indicate uncertainty.
- Relative Strength Index (RSI): This momentum oscillator helps identify overbought or oversold conditions.
Fundamental Analysis
- Ecosystem Growth: Assess the number of active users, transactions, and partnerships announced by the Creditcoin team.
- Tokenomics: Understand the circulating supply, inflation rate, and any token burn mechanisms that might affect scarcity.
- Competitive Landscape: Compare Creditcoin with other projects in the DeFi and credit sectors to evaluate its unique value proposition.
Frequently Asked Questions
What is Creditcoin (CTC) used for?
Creditcoin is the native utility token of the Creditcoin blockchain. It is used to facilitate transactions within the network, including loan origination, repayments, and fees. It also plays a role in securing the network and incentivizing participants.
Why has CTC's price decreased year-to-date?
The -45.74% YTD return can be attributed to broader market corrections in the cryptocurrency space, potential profit-taking after previous gains, and the natural volatility associated with emerging altcoins. Specific project developments or market sentiment shifts also play a significant role.
Where can I securely trade Creditcoin?
CTC is available on several major cryptocurrency exchanges. It is crucial to use platforms with strong security measures, high liquidity, and a good reputation. 👉 View real-time trading platforms to compare options and find a suitable exchange.
What is the difference between circulating supply and total supply?
Circulating supply refers to the number of tokens currently available to the public and actively traded on the market. Total supply is the number of tokens that exist, including those that are locked, reserved, or not yet released into circulation. For CTC, the circulating supply is 417 million, while the total supply is 549 million.
Could Creditcoin reach its all-time high again?
While possible, reaching or surpassing an all-time high depends on numerous factors, including a sustained bullish market, increased adoption of the Creditcoin platform, successful execution of its roadmap, and positive overall sentiment in the DeFi sector.
How do I store CTC tokens safely?
After purchasing CTC, it is advisable to transfer them to a secure wallet for which you control the private keys. Options include hardware wallets (e.g., Ledger, Trezor) for maximum security or reputable software wallets. Never leave large amounts on an exchange.
Conclusion
Creditcoin presents a unique proposition in the blockchain space by focusing on decentralized credit markets. Its current price of ¥4.27 reflects the ongoing dynamics of the crypto market and the project's specific developments. Investors and interested parties should conduct thorough research, considering both technical charts and fundamental progress within the ecosystem. The project's long-term success will hinge on its ability to drive real-world adoption and provide tangible utility through its global credit network.