Four Blockchain Projects Join Forces to Deliver Internet and Finance via Satellite Infrastructure

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 06 2024

CTC-4.2%

SUI-3.782%

Should l Buy CTC?

Strategic Partnership Announcement: Creditcoin, Spacecoin, Sui, and Walrus have formed a partnership to develop a decentralized finance project aimed at improving internet access and financial services in remote and underserved regions through satellite infrastructure.
Integrated Technological Solutions: The collaboration will utilize each project's strengths—Creditcoin for secure transactions, Spacecoin for satellite internet, Sui for scalable computing, and Walrus for decentralized storage—to address challenges like unreliable internet and lack of financial access, ultimately enabling participation in the global digital economy.

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Technical Analysis for CTC

Technical Sentiment Analysis for Creditcoin (CTC) As of , Creditcoin (CTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CTC 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, CTC 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 $-.

Creditcoin (CTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.034	0.0826	0.128	0.177	0.222	0.271	0.317
Fibonacci	0.0826	0.119	0.141	0.177	0.213	0.235	0.271

About CTC

Launched on 04/04/2019 by a team based in the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin aims to address the lack of credit system among the unbanked in the emerging market. People who cannot access the banking system have to borrow from non-banks. However, credit records with non-banks are not accepted by the banks since they cannot trust the data. The project aims to solve the problem by recording credit transaction history objectively on a public blockchain.

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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