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$Forint: The Token That Is Changing the Way We Buy Cryptocurrencies

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$forint

Forint Finance believes that Cryptocurrencies and Blockchain Technologies are the way of the future, and we want to make cryptocurrency adoption accessible to everyone, regardless of their socioeconomic background, financial means, or technical knowledge. It’s a platform that is open to onboarding everyone who’s even a tad bit interested in understanding how this seamless and beautiful technology works.

We are convinced that cryptocurrencies will lead to a more equitable financial system in which no one is left behind by the present banking system, and we are working hard to achieve this aim.

We will contribute to the transformation of the current inadequate and unfair financial system by taking care of the entire procedure from beginning to end (wallet creation to tax responsibilities).

With reduced barriers to entry and minimal resources, you can make the most out of it and educate yourself for the future of Finance.

Therefore, we have $FORINT as the native token of the FORINT ecosystem.

Comprehending the role of Tokenomics in the Forint environment is crucial to understanding the massive impact of this complex system: every transaction in the Forint environment will not just benefit holders via redistribution, but other purposes as well;

Redistribution

Once a week, 7% of all transactions are dispersed in BUSD (Binance USD) according to the number of Tokens owned among all holders. Holders will receive BUSD once a week for every purchase.

Developing

The team uses 2.9% of every transaction to further enhance the Forint Ecosystem.

Charity

Every transaction contributes 0.1% to charitable causes important to our community. Weekly, according to community norms, the fund is distributed to charities (NPOs and NGOs).

Wallet

You should keep 90% of your Wallet in order to profit from our ecosystem and be an early investment in our Platform.

Holders of Forint tokenomics gain from redistribution. Every step forward in the project’s progress will rely on this mechanism. Simply HODL!

Some important statistics to note about the $FORINT token are:

  • FORINT is currently trading at $0.00000256000.
  • $2425.442804203 24 hour trading volume
  • 1,000,000,000,000 in total supply
  • 11,575,669,000 in circulation

The $FORINT token will benefit you in the following ways:

  • $FORINT tokes will give you a discount on the NFT marketplace based on the number of tokens you hold. You can easily transact in the market and contribute to your favourite charities safely.
  • By purchasing Forint Token, you will join a small subset of Forint Finance’s early investors, as well as enjoy lower transaction fees across our whole platform.
  • Once this technology is being developed In the future, the $FORINT token can be withdrawn from FORINT ATMs just like Fiat currency, and this method will also be useful when users need to buy goods and services on the Forint Platform, or just wish to get their Forint tokens without going through too many intermediaries.

HODL to live that enriching FORINT experience!

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Ethereum Rallies 5%, Why ETH Could Surge To New ATH Above $5K

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Ethereum

Ethereum gained pace above the $4,550 resistance against the US Dollar. ETH is trading above $4,700 and it could accelerate further higher in the near term.

  • Ethereum is trading in a bullish zone above the $4,550 level.
  • The price is now well above $4,650 and the 100 hourly simple moving average.
  • There was a break above a major ascending channel with resistance near $4,560 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue higher if it stays above the $4,650 support level in the near term.

Ethereum Price Rallies Above $4,700

Ethereum remained stable above the $4,500 level and started a fresh increase. ETH broke the $4,600 level to move further into a bullish zone.

There was a clear break above the $4,650 level and the 100 hourly simple moving average. Besides, there was a break above a major ascending channel with resistance near $4,560 on the hourly chart of ETH/USD.

The pair climbed to a new multi-week high above the $4,700 level. It traded as high as $4,774 and is currently correcting lower. It is trading above the 23.6% Fib retracement level of the upward move from the $4,352 swing low to $4,774 high.

Source: ETHUSD on TradingView.com

An initial resistance on the upside is near the $4,775 level. The first major resistance is near the $4,800 level. A close above the $4,775 and $4,800 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $5,000 level. Any more gains could lift the price towards the $5,200 zone in the near term.

Dips Limited in ETH?

If ethereum fails to start a fresh increase above the $4,800 level, it could start a downside correction. An initial support on the downside is near the $4,675 level. The first key support is now forming near the $4,550 level.

It is near the 50% Fib retracement level of the upward move from the $4,352 swing low to $4,774 high. A downside break below the $4,550 support zone could p a sharp ush the price further lower. In the stated case, the price is likely to revisit the $4,400 support zone and the 100 hourly simple moving average.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now correcting lower towards the 60 level.

Major Support Level – $4,550

Major Resistance Level – $4,775

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Bitcoin Aims Fresh Run To $60K, Why Bulls Could Face Hurdles

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Bitcoin

Bitcoin is trading above the $56,200 support against the US Dollar. BTC must clear $58,500 to start a major increase in the coming sessions.

  • Bitcoin is struggling to gain pace above the $58,000 and $58,500 levels.
  • The price is still trading above $57,000 and the 100 hourly simple moving average.
  • There is a major contracting triangle forming with resistance near $58,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must clear the $58,500 resistance to start a steady increase in the near term.

Bitcoin Price is Showing Bullish Signs

Bitcoin price corrected lower below the $57,000 support level. However, BTC remained stable above the $56,200 support level and the 100 hourly simple moving average.

The recent low was near $56,555 and the price is now moving higher. It broke the $57,000 resistance zone. There was a break above the 23.6% Fib retracement level of the recent decline from the $59,230 swing high to $56,555 low.

It is still trading above $57,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $57,850 level. It is near the 50% Fib retracement level of the recent decline from the $59,230 swing high to $56,555 low.

The first major resistance is near the $58,200 level. There is also a major contracting triangle forming with resistance near $58,200 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

A clear break above the $58,200 resistance zone could open the doors for more upsides. The next key resistance is near the $58,500 level, above which the bulls could aim a test of $60,000. Any more gains might push the price towards $61,200.

Fresh Drop In BTC?

If bitcoin fails to clear the $58,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $57,000 level.

The first major support is now forming near the $56,200 level and the 100 hourly SMA. A downside break below the $56,200 support may perhaps push the price towards $55,500. Any more losses might lead the price towards $55,000.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently near the 50 level.

Major Support Levels – $57,000, followed by $56,200.

Major Resistance Levels – $58,000, $58,500 and $60,000.

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AscendEX Lists VERA Token

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AscendEX Lists VERA Token

AscendEX is thrilled to announce the Listing of the VERA Token (VERA) under the trading pair VERA/USDT on AscendEX starting on December 1 at 2 p.m. UTC.

Vera is a decentralized protocol built on top of major blockchains that provides essential financial services for NFTs such as renting, lending, and mortgages — making it one of the most powerful open financial platforms for non-fungible assets. By providing unprecedented access to NFTs and financing for NFTs across various blockchains, Vera allows any metaverse or marketplace to generate new revenue streams, reimagine user experiences, and empower communities.

The lending and renting capabilities on Vera allow users to list their NFTs on the marketplace with their desired rental terms. Currently, the Vera testnet supports collateralized NFT rentals, requiring the borrower to deposit collateral to rent an NFT. Non-collateralized NFT rentals will be available on the platform in late Q4 2021.

$VERA is the original utility token for the Vera network and is set up as both an ERC-20 and BEP-20 token. $VERA will be used to govern Vera’s system of NFT rental, lending, and financing pools upon the launch of the mainnet. Users can post $VERA tokens as collateral to raise their borrowing limits for NFT mortgage loans. 

Users who borrow $VERA or rent $VERA-verified NFTs can also bypass the borrowing and rental fees to reduce the cost if they post the tokens or NFTs as collateral. Fees collected by the Vera platform are used to burn $VERA tokens and pay lenders. The constant burning of $VERA reduces its total supply, thus supporting the token price level while demand remains steady.

AscendEX is excited to list $VERA and help further drive Vera’s mission to build open, secure, and powerful NFT financial products that are equally available to everyone, everywhere.

About AscendEX

AscendEX is a global cryptocurrency financial platform servicing more than one million institutional and retail traders with the resources needed to obtain more value from their crypto investments. Operating at the nexus of centralized finance and decentralized finance, AscendEX’s platform features access to futures, margin and spot trading, a robust wallet infrastructure, and staking support for over 200 industry-leading blockchain projects, all producing industry-leading yields and returns, further driving the growth of the crypto ecosystem. In efforts to cultivate scalable and secure forms of decentralized financing, AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” through supporting some of the industry’s most innovative projects from the DeFi ecosystem. 

To learn more about how AscendEX leverages best practices from both Wall Street and the cryptocurrency ecosystem to extract the highest value per dollar to its users, please visit:

Website: https://ascendex.com 

Twitter: https://twitter.com/AscendEX_Global 

Telegram: https://t.me/AscendEXEnglish 

Medium: https://medium.com/ascendex 

About VERA

Vera is the best-decentralized way to rent, lend, and mortgage non-fungible tokens (NFT). Founded in 2021 and backed by notable investors in the decentralized fintech space such as Animoca Brands and the Web3 Foundation, Vera’s mission is simple: To build open, secure, and powerful NFT financial products that are equally available to everyone everywhere. Vera supports NFTs from major blockchains such as Ethereum, Polygon, BSC, Polkadot, and Solana. Using Vera, applications such as metaverses, games, and marketplaces can generate new revenue streams, reimagine user experiences, and empower their communities.

For more information and updates, please visit:

Website: http://vera.financial 

Twitter: https://twitter.com/veradefi  

Telegram: https://t.me/veranetwork 

Discord:  http://vera.financial/discord 

Disclaimer: This is a Paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. TheNewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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