This article centers around a thorough assessment of TRADE coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is Polytrade (TRADE) Coin?
Polytrade (TRADE) is a cryptocurrency that aims to revolutionize the global trade industry . It facilitates secure and efficient transactions between buyers and sellers, eliminating the need for intermediaries like banks or payment processors. The TRADE coin operates on a decentralized blockchain network, providing transparency and immutability to all trade activities. Its goal is to streamline international trade processes, reduce costs, and enhance trust among participants in the global trading ecosystem . If you want to know more about the Polytrade Coin(TRADE) coin , you can visit its website .
Polytrade (TRADE) coin has several projects aimed at disrupting and improving the global trade industry. Some of these projects include :
1. Trade Financing Solutions : Polytrade aims to provide innovative financing solutions for businesses engaged in international trade . By leveraging blockchain technology , it enables faster and more secure transactions , reducing the need for traditional financial intermediaries .
2Supply Chain Management : TRADE coin seeks to enhance supply chain management by introducing transparency and traceability through blockchain technology . This ensures accountability, reduces fraud , and improves efficiency across the entire supply chain process .
3. Smart Contracts : The TRADE coin ecosystem utilizes smart contracts to automate trade agreements between parties involved in a transaction. These self-executing contracts eliminate manual paperwork, reduce costs , and increase trust between buyers and sellers .
4.Cross-Border Payments : With its digital currency capabilities, Polytrade intends to simplify cross-border payments by eliminating unnecessary fees and delays associated with traditional banking systems . This facilitates faster settlement times while maintaining security .
5. Trade Data Analytics : TRADE coin integrates data analytics tools that enable businesses to gain valuable insights into their trading activities such as market trends, customer behavior patterns, and risk analysis. This information can be used for informed decision-making and strategic planning .
These projects collectively aim to revolutionize global trade processes by leveraging blockchain technology’ s benefits such as decentralization, transparency, security, speed, cost-effectiveness, and efficiency .
Factors affecting price:
The price of Polytrade (TRADE) coin, like any other cryptocurrency, is influenced by a variety of factors. Some key factors that can affect the price of TRADE coin include :
1. Market Demand and Adoption : The level of demand for TRADE coin in the market plays a significant role in determining its price . Increased adoption and usage by businesses and individuals can drive up demand and subsequently impact the price positively .
2. Overall Crypto Market Sentiment : The general sentiment and trends within the broader cryptocurrency market can influence TRADE coin ‘s price as well. Factors such as regulatory developments , market speculation , or positive/negative news about cryptocurrencies as a whole can have an impact .
3. Technological Developments : Any advancements or updates to Polytrade’s underlying blockchain technology or projects may influence investor confidence and interest in TRADE coin. Positive technological developments could attract more investors , potentially driving up the price .
4. Partnerships and Collaborations : Strategic partnerships with established companies or collaborations with other blockchain projects can also impact TRADE coin’s value. Such partnerships may enhance credibility , increase exposure, and lead to wider adoption of the token .
5. Investor Sentiment : Investor sentiment towards Polytrade (TRADE) coin is another crucial factor affecting its price Dynamics . Positive news coverage, community engagement, social media discussions , or influential endorsements can all contribute to changing investor sentiment which influences buying/selling decisions .
6. Economic Factors : Broader economic indicators like inflation rates, global trade policies/regulations, geopolitical events impacting international trade relations – all these macroeconomic factors might indirectly affect TRADE coin’s value due to their potential implications on global trade activities .
It’s important to note that cryptocurrency prices are inherently volatile due to various speculative forces at play in the market; therefore, predicting precise outcomes based on these factors alone may be challenging .
Where can I buy Polytrade Coin (TRADE)?
Exchange Pair Volume
Polytrade Coin (TRADE) Baseline Assessment :
The market cap of the Polytrade (TRADE) coin is $ 2.938.965 and its circulating supply is 24.467.619 units . Its maximum supply is 100.000.000 units , with a fully diluted valuation of $ 12.011.652.
What is the high price point for Polytrade Coin (TRADE)?
Polytrade Coin (TRADE) token highest price is $1.96 recorded on Nov 28, 2021. The current price is -93.84% lower than the all-time high .
What is the low point of the price for Polytrade Coin (TRADE)?
Polytrade (TRADE) token’s lowest price was $0.05132 on Jul 03, 2022 .
Polytrade Coin (TRADE) Technical Outlook:
Polytrade (TRADE) coin retraced from $1.99 on November 21, 2021 to $0.051546 on June 27, 2022. This level remains the bottom level for now . On March 27, 2023, it rose from $ 0.07397 to $ 0.3909, giving its investor a gain of 436%. It could not hold at this price and retreated to $0.122161. If our falling line with the volume candle is broken, we can expect an increase up to the fibo 0.618 level. With the Fibo 0.236 region breaking our first support at $1.22161, the $0.091919 and $0.069002 levels, where the volume is concentrated , are our strong supports .
Fibo levels will appear as resistances in possible rises. These levels are respectively: $0.208328 – $0.32070 -0.493683 – 0.912389$ – $1.99
Investment information, comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments , and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences . Therefore , making an investment decision based solely on the information herein may not yield results that meet your expectations .