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UTKUSD trade ideas

[UPDATE UTK] UTRUST is ready for 3$ or 5$! What do you think?With this analysis I applied: 1) ELLIOT WAVES 2) Fibonacci trendline extension 3) Lengthening theory Why am I sure UTK is going to go up (together with other strong tokens)? For the following 4 reasons: 1) Stock RSI: Bollinger band indicator on the weekly flashed green. 2) Support/Resistance: UTK touched the current support multiple times during the past 3-4 years (never broken). UTK did not break the all time high of the previous cycle on the first attempt (still room for growth). 3) TRACK RECORDS: UTK has dropped 80% in this wave and in the past ones. 4) FUNDAMENTALS: Business is growing day by day. Coinbase listing will certainly occur when bull run resumes. My prediction price is between 3$ and 5$ for mid 2022.
ULong
by Homocryptus
3
What's the safest payment platform in the world? UTKUSD Analysis🌟What is UTK used for🌟? UTK Token is the utility token for Utrust. It is an ERC-20 token on Ethereum. Utrust (UTK) is a blockchain-based platform that combines elements from traditional payment systems with the advantages offered by cryptocurrencies. The platform allows users to purchase goods, digitally or physically, with their favorite encryption or tokens while providing a system of consumer protection in which the coins are held in escrow until the transaction is completed. In case of a conflict, the solution is resolved by Utrust. he Utrust platform has its own Ethereum-based token, UTK. The token offers many advantages, including the system with no fees in the Utrust platform, which means that payments made with UTK are free. The token also runs on a redemption and recording program, where a portion of the revenue generated by Utrust is allocated to the token purchase which is then publicly destroyed, creating a deflationary coin. ✅Benefits of Utrust Overall, the Utrust claim features make it “the safest payment platform in the world” for both buyers and sellers. Some of the advantages that Utrust claims over other payment platforms include: 👉The buyer’s risk of buying is lower: Utrust covers all purchases (goods and most services), while traditional solutions like PayPal can only protect physical purchases. Cryptocurrency-based services like Bitpay don’t include anything. 👉Payment acceptance speed is faster: Unlike traditional payment systems that delay payment approvals due to the high risk of fraud, Utrust approves payments immediately, making the process less complicated for both parties (buyer and seller). Obviously, Bitpay offers similar advantages, but PayPal doesn’t. 👉Low transaction fee: Nobody likes to pay fees for the money they are making. Utrust charges the seller 1% of the fee for the payment received. Meanwhile, services like PayPal charge 2.9%. These fees may increase to 5% or more when calculating exchange rate charges and other hidden costs. 👉Accept many cryptocurrencies: Utrust accepts the most popular cryptocurrencies on the market, including Bitcoin, Ethereum, Litecoin, Dash, Monero, and other products. 👉Safe fund: Utrust claims to leverage the power of blockchain to avoid credit card fraud. Users have complete control over their own keys and funds. Even Utrust cannot access your wallet. 👉Non-refundable: Merchants will be protected from rampant credit card fraud and nasty rebates through Utrust. ✅Conclusion Utrust is a leading cryptocurrency payment solution designed to modernize the financial and payments industry, and solve the problems of traditional payment methods by offering instant transactions and immediate crypto-to-cash settlements for the merchant. Utrust is driving emerging economies through an easy-to-use, secure, and accessible banking system. --------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the logarithmic chart above, when the price is above 8,21,55 EMA that it is in an uptrend chanell, but in the cheap scenario we only see a rebound on EMAs of 21 or 50 , and after the pullback we can Reaching a higher high levels, however, in this situation that the whole market is bullish , we expect strong and explosive growth, the next targets that we imagine we can do are $ 1, $ 2, $ 4 and then $ 8 for Touch 3 months later or more . -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades.
U
by PRO_SMART_Trader
4
I forgot all about this Utrust ICOWe could see a break above ATH on this soon. About Utrust Utrust price today is $0.234700 USD with a 24-hour trading volume of $7,093,297 USD. Utrust is down 2.01% in the last 24 hours. The current CoinMarketCap ranking is #123, with a market cap of $105,615,090 USD. It has a circulating supply of 450,000,000 UTK coins and a max. supply of 500,000,000 UTK coins. What Is Utrust (UTK)? Utrust is a payments processor that enables merchants to accept cryptocurrencies in addition to fiat currencies. The company also offers consumer-facing products such as Hold, a cryptocurrency wallet and payment app. According to its whitepaper, Utrust seeks to drive mainstream adoption of digital currencies and intends to become the "crypto-contender to PayPal." In addition to supporting payments using major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) as well as smaller-cap coins, Utrust developed its own native token, UTK, which was released in December 2017 as an ERC-20 token on the Ethereum blockchain. UTK can be used as a zero-fee way to make payments, and the company plans to introduce UTK staking. What Makes Utrust Unique? According to co-founder Correia, the use case of Utrust lies in its ability to combine multiple cryptocurrencies and blockchains into one ecosystem that is simple to use for both merchants and customers. He also said that the platform is distinct from others because it offers a proprietary buyer protection service, fast transactions, low volatility — the platform can immediately convert crypto payments to fiat — a one-stop-shop native wallet, and a strong adherence to regulatory requirements. Utrust has announced a number of partnerships with various companies including travel booking service Travala, e-commerce platform OpenCart, record label Kompakt and others. In April 2020, it announced it was selected to join business-to-business accelerator Alchemist Accelerator. Utrust has said that its future plans to grow the business and increase adoption of UTK include the further automation of the platform, the introduction of a stablecoin and increasing customer benefits. In October 2020, Utrust revealed that it will be introducing "reverse staking" — the company's take on staking in which rather than receiving greater rewards the longer one does not use their coins, users receive cash back in the form of UTK when they make transactions via the platform.
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by Skinwah