MultiversX Proposes Removing EGLD Supply Cap
- Supply Cap Change: MultiversX's proposal to remove the EGLD supply cap and introduce a 9.47% annual tail inflation rate breaks long-standing scarcity promises, leading to community concerns over trust and value.
- Economic Model Controversy: The new proposal includes a mechanism where validators burn 10% of collected fees; while the foundation believes this structure can support sustainable growth, critics argue that the excessive inflation rate poses dilution risks for long-term holders.
- Market Reaction: EGLD is currently trading around $14.25, down over 41% year-over-year, with a market capitalization of approximately $408 million, reflecting a drop to around 147th place, indicating a divided response to the new proposal.
- Strategic Shift: The foundation views this proposal as a necessary reset, aiming to expand operations in the U.S. and leverage regulatory clarity as a long-term advantage, with supporters arguing that inflation could incentivize active network participants and foster ecosystem growth.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000698 | 0.00175 | 0.00258 | 0.00364 | 0.00446 | 0.00552 | 0.00634 |
| Fibonacci | 0.00175 | 0.00247 | 0.00292 | 0.00364 | 0.00435 | 0.0048 | 0.00552 |
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