Best Low Supply Cryptocurrencies in 2024: Investment Opportunities with Strong Utility

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 21 2024

XAUT+0.5%

BIFI-1.446%

Should l Buy XAUT?

Emerging Cryptocurrency Trends: The cryptocurrency market in 2024 is witnessing the rise of low supply tokens, which are becoming increasingly valuable due to their scarcity and potential for growth, alongside innovations like yield farming and gold-backed stablecoins.
Key Tokens Overview: Notable tokens such as CVault.finance's CORE, Beefy Finance's BIFI, Doge Killer (LEASH), Wrapped Bitcoin (WBTC), and Tether Gold (XAU₮) are highlighted for their unique features, market performance, and investment opportunities in a volatile economic landscape.

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Technical Analysis for XAUt

Technical Sentiment Analysis for Tether Gold (XAUt) As of , Tether Gold (XAUt) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Tether Gold (XAUt) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3341.444	3883.957	4374.334	4916.847	5407.224	5949.737	6440.114
Fibonacci	3883.957	4278.521	4522.283	4916.847	5311.411	5555.173	5949.737

About XAUT

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility. Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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