Visa Reveals Surprising Truth About Stablecoin Usage: 90% of Users Aren’t Genuine – Impact on Crypto Market and Coin Value
- Visa Inc. Findings: Visa Inc. reports that over 90% of stablecoin transactions are not from genuine users, indicating a need for further adoption in the payment sector.
- Double-Counting Issue: Stablecoin transactions often face challenges related to double-counting, influenced by the platforms involved in fund transfers.
- Market Growth Prediction: Despite current obstacles, the stablecoin market is projected to expand to $2.8 trillion by 2028.
- Majority Not Genuine Users: Visa Inc. reveals that the majority of stablecoin transactions do not originate from authentic users, emphasizing the potential and hurdles in this emerging crypto sector.
- New Metric by Visa: A new metric developed by Visa Inc. shows that only a small portion of stablecoin transaction volumes come from organic payments activity, highlighting the dominance of non-genuine users in the market.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) 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 IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0503 | 0.0896 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0896 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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