Cwallet Lists Five New Tokens, Accelerating Web3, AI, and DeFi Access
Cwallet, a multi-functional crypto storage wallet, has announced the launch of five high-potential token listings to expand its ecosystem. These tokens include Boundless ($ZKC), Avantis ($AVNT), Project Merlin ($MRLN), Holoworld AI ($HOLO), and Xterio ($XTER). Through this advanced step, the platform aims to solidify its commitment to empowering users.
Cwallet is providing early access to the promising projects in decentralized finance (DeFi), artificial intelligence, and Web3 gaming. These additions prove Cwallet as a forward-thinking wallet linking innovation and accessibility.
Cwallet Fosters Multi-Chain and Cross-Chain Utility
Cwallet has allowed the newly listed tokens to fully integrate into its ecosystem. In this way, the platform supports multiple features such as multi-hain cross-chain swaps. It further strengthens the sending and receiving process within the wallet. This advancement makes it easy for users to navigate these assets and track their price changes in real-time.
Cwallet ensures users stay up-to-date with market trends and movements. Through this phenomenon, Cwallet is set to highlight its position as an evolving hub, streamlining token management in various blockchains.
Cwallet Highlights Opportunities in DeFi, AI, and Web3 Gaming
With each new listing, the ecosystem experiences unique potential. These tokens have the capacity to empower decentralized finance applications while driving innovations in immersive Web3 gaming platforms. With this, the tokens are poised to highlight their significance in blockchain development.
Cwallet aims to expand opportunities for users by offering them access to these tokens. With the continuous evolution in the ecosystem of Cwallet, the platform strives to empower communities by providing them with promising tools and tokens.
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BNB Price Drops 2% as the Dex Volume Tumbles Cautioning Further Downside
Highlights: The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand. The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones. The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand. On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks. BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity. On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1. BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand. The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones. BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark. Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.