RWA Specialist Centrifuge Launches Tokenization Service, Beginning with Daylight
Centrifuge Launches Tokenization Platform: Centrifuge has introduced a new tokenization platform called Centrifuge Whitelabel, aimed at helping institutions and fintechs create tokenized financial products more efficiently.
First User of the Platform: The decentralized energy startup Daylight is the first to utilize this platform, creating tokenized vaults for energy assets, which simplifies the backend processes involved in asset issuance and distribution.
Growing Demand for Tokenization: The launch reflects an increasing interest in tokenizing various assets, including credit and energy, with projections indicating the sector could grow to nearly $19 trillion by 2033.
Centrifuge's Market Position: Founded in 2017, Centrifuge has been a pioneer in bringing real-world assets on-chain, having distributed over $1.3 billion in tokenized assets, and aims to make tokenization accessible to a broader market.
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Technical Analysis for CFG
Technical Sentiment Analysis for Centrifuge (CFG) As of , Centrifuge (CFG) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CFG 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, CFG 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 $-.
Centrifuge (CFG) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0259 | 0.0465 | 0.0646 | 0.0852 | 0.103 | 0.124 | 0.142 |
| Fibonacci | 0.0465 | 0.0613 | 0.0705 | 0.0852 | 0.1 | 0.109 | 0.124 |
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