The centralized cloud: A barrier for startups in the developing world | Opinion

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 25 2024

Should l Buy CLOUD?

Challenges of Centralized Cloud Services: Startups in developing countries face significant obstacles due to the dominance of centralized cloud services like AWS and Google Cloud, which create technological dependency, high costs, and operational risks that hinder innovation and competitiveness.
Promise of Decentralized Solutions: Decentralized cloud computing offers a potential solution by reducing reliance on single providers, lowering costs significantly, and improving performance for startups in emerging economies, thus promoting a more equitable digital ecosystem.

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Technical Analysis for CLOUD

Technical Sentiment Analysis for Cloud (CLOUD) As of , Cloud (CLOUD) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.

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

Cloud (CLOUD) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-	-	-	-	-	-	-
Fibonacci	-	-	-	-	-	-	-

About CLOUD

SOL is used for governance (validator voting on SIMDs) and to control a scarce resource (blockspace).To start, CLOUD will control capital, and more importantly, attention. Prospective partners will need to stake CLOUD to qualify for the Sanctum Verified Partner program, and CLOUD holders will vote on which partners make it in. These partners will be lavished with attention as we craft custom pets, quests, and more for their LSTs. And of course, CLOUD will take pride of place in Wonderland S2.Sanctum's vision will grow exponentially over the months and years. There will be a lot of possible utilities for CLOUD over Sanctum's many new products as we grow to become a cornerstone of the world economy.

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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