This article centers around a thorough assessment of XTM 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 Torum (XTM) Coin?
Torum (XTM) is a social media platform built on top of the blockchain that rewards users with XTM tokens for their engagement and contributions to the community. According to its official website, Torum aims to create a social media ecosystem that connects cryptocurrency enthusiasts and projects from around the world.
Users can earn XTM by creating content, participating in discussions, joining groups, completing tasks, and more. The platform also offers features such as project listing services, job postings, and advertising opportunities for businesses looking to reach out to the crypto community.
The team behind Torum intends for it to become an all-in-one solution for cryptocurrency users seeking information about new projects or investment opportunities while at the same time rewarding them with XTM tokens.
As with any investment or financial decision related to cryptocurrencies or blockchain-based platforms like this one carries risks associated with it. Therefore it’s important always do your own research before investing in any cryptocurrency project like this one.
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Torum (XTM) is primarily focused on developing its social media platform and expanding its user base. Some of the key features that are currently available or planned for release in the future include:
1Social Media platform: The Torum platform allows users to create profiles, share content, join groups, participate in discussions, and earn XTM tokens for their engagement.
2.Project Listing Services: Businesses can list their crypto projects on Torum’s platform to gain exposure to a wider audience of potential investors.
3.Job Postings Companies seeking talent with expertise in blockchain or cryptocurrency can post job listings on Torum’s platform.
- Advertising opportunities : Businesses looking to advertise their products or services within the cryptocurrency community can purchase advertising space on Torum’s platform using XTM tokens.
5.DeFi Integration: In the future, Torum plans to integrate decentralized finance (DeFi) features into its social media platform, allowing users to engage with DeFi protocols and earn rewards through staking or liquidity provision.
Overall, Torum aims to become a comprehensive ecosystem where cryptocurrency enthusiasts from around the world can connect with each other while earning rewards for their contributions and activities within the community.
Factors affecting price:
The price of Torum (XTM) coin, like any other cryptocurrency, can be influenced by a variety of factors. Here are some of the key factors that may have an impact on the price of XTM:
1.Market Sentiment: The overall sentiment in the cryptocurrency market can influence the demand for XTM and its price. If there is positive news or sentiment about cryptocurrencies as a whole, it could lead to increased demand for XTM.
2User Adoption: As Torum’s user base grows and more people start using the platform to earn and spend XTM tokens, it could increase demand for the token and drive up its value.
- Platform Development : The development of new features on the Torum platform could make it more attractive to users, which could lead to increased demand for XTM.
- Competitors: Other social media platforms focused on cryptocurrencies or blockchain technology may compete with Torum for users’ attention, potentially affecting adoption rates and ultimately influencing prices.
- Regulatory Changes: Changes in government regulations related to cryptocurrencies may affect investor confidence in digital assets such as XTM and their potential use cases within various industries.
- Economic Factors General economic conditions such as inflation or recession can also have an impact on cryptocurrency prices including that of XTM.
It’s important to note that these are just some examples of factors that might influence the price of Torum (XTM), so investing in any cryptocurrency comes with inherent risks associated with volatility due to changes happening within this domain constantly .
Where can I buy XTM Re(XTM)?
Torum (XTM) Baseline Assessment :
The market cap of the Torum (XTM) coin is $ 3.637.722, and its circulating supply is 226.173.746 units. Its total supply is 799.190.905 units, with a fully diluted valuation of $ 12.867.000
What is the high price point for Torum (XTM)?
Torum (XTM) token highest price is $2.39 recorded on Nov 19, 2021. The current price is %-99.32 lower than the all-time high.
What is the low point of the price for Torum (XTM)?
Torum (XTM) token’s lowest price was $0.0297 on Jun 01, 2023.
Torum (XTM) Technical Outlook:
Torum (XTM) coin, which started to decline from $2.48 on November 08, 2021, fell to $0.013933 within the bearish channel. The struggle of the bulls and bears at $ 0.013933 resulted in the formation of a voluminous Gravestone doji;
although the marubozu candle, which was formed as a confirmation candle gave hope to the buyers for an uptrend the lack of volume of this candle left a question mark in the minds. Buyers will want to see the voluminous candle close above the $0.028253 level for their Long position.
Below the $0.013933 level which acts as support on possible declines, the middle channel band and the lower band can be followed as support.
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.
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