CFG (Centrifuge) forecast for 2024 year

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CFG (Centrifuge) forecast

Fundamental analysis and news of CFG (Centrifuge)

I see Centrifuge (CFG) as an innovative platform that uses blockchain to conduct transactions with real assets and integrate with decentralised finance (DeFi). The project aims to solve the liquidity and financial difficulties faced by small and medium-sized enterprises. Using blockchain technology, Centrifuge ensures transparency and accessibility of financial services for businesses.

CFG is ranked 270th on CoinMarketCap with a market capitalisation of around $300 million. This indicates significant investor interest in this project. Centrifuge has an official website and active social media accounts, which allows investors to keep abreast of the latest news and updates. The main advantages of the project include the possibility of investing in tokenised assets and receiving a stable income. However, like any other project, CFG has its drawbacks and risks.

According to official sources, over the past 30 days, Centrifuge has made significant progress in financing and strengthening the executive team. For example, a $10 million fund was opened to support the project, and another $15 million was raised from a credit company. These steps contribute to the development of the platform and expand its capabilities in the world of tokenised assets.

Technical analytics of CFG (Centrifuge)

Analysing the technical indicators of CFG, you can see that on the monthly timeframe, each candle represents one month. The project started in 2021, when the alt-season was at its peak, and reached its highs in three months. Then, the CFG price dropped and went into accumulation, as was the case with many other altcoins. In October last year, a new growth started, but the price could not hold at the average level and went down again.

The weekly chart shows that the divergence indicator has already worked, and a reversal can be expected. The CFG price is at lower levels, which may indicate a possible rise. If a reversal does occur now, the lowest prices from $0.4 could rise to $0.3. Technical indicators such as the stochastic oscillator show an accumulation phase, which can lead to a strong upward movement.

On the daily chart, moving average indicators show that the CFG price is pointing downwards due to a long downward phase. However, the oscillators are already reversing and showing a neutral position, which may indicate a possible upward trend. The momentum indicator and the MACD also show that the price could drop a little more before it starts to rise. In general, the technical analysis of CFG indicates the possibility of significant growth if the project receives support from investors.

Bitcoin forecast, BTC (Bitcoin)

As for bitcoin, it is currently within the range of $65-72 thousand. The latest news from America has affected the rate, and now bitcoin is consolidating near the lower level of this corridor. Large investors and funds are actively buying bitcoin, which supports its price. A breakthrough of $72,000 could open the way to a rapid rise to $85,000.

Technical indicators show that bitcoin has the potential to grow, but you should be careful. Investors are advised to follow the news and analyse market trends to make informed investment decisions. Oscillators show that now may be a good time to enter the market, but you need to be prepared for possible fluctuations.

On the daily chart, indicators show that bitcoin may remain within the current corridor, with a possible breakout to $72,000 on the back of positive news. A breakout of this mark will open the way for rapid growth to $85,000.

Centrifuge

In summary, Centrifuge (CFG) is a promising project that uses the blockchain to conduct transactions with real assets and integrate with decentralised finance. Technical analysis shows that the current prices may be attractive for accumulation, and news and community support may contribute to the rate’s growth. Investors should pay attention to technical indicators and follow the news to make informed investment decisions.

As for bitcoin, it is in the range of $65-72,000, and the upcoming news from America may affect its rate. A breakthrough of $72,000 will open the way for rapid growth to $85,000. Always remember that investment decisions are up to you. I wish you successful crypto trading and investments! Write your thoughts in the comments, subscribe to the channel, and like it. Do not forget to donate to the Armed Forces of Ukraine and support our veterans and internally displaced persons. This was Victor, see you in the next video!
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