Swipe (SXP) token analysis – why is it worth it? What Is 🌟?Swipe (SXP)🌟?
Swipe (SXP) is a token designed according to the ERC20 standard of the Ethereum Blockchain platform. SXP tokens belong to the Utility token category with the purpose of being the main cryptocurrency in the ecosystem, providing services distributed by Swipe.
The SXP tokens are created with a deflationary financial supply as all transaction fees include the use of SXPs via wallets, Smart Contracts supported by the independent Oracle Swipe.
- ❇️Features of Swipe (SXP) token
SXP tokens have the following features:
1-Discounts up to 75% on fees
2-Rewards up to 1% on existing card reward percentages
3-Used as gas for network fees for all transactions
4-Can be spent via Swipe Card to gather at millions of merchants worldwide
5-Provides deflationary currency because 80% of transaction fees are automatically destroyed by the smart contract on the Ethereum blockchain
6-Swipe Slate Metal Debit Card is required
7-Redeemed into digital gift card payments
❇️-Team
The SXP token development team is composed of developers from various industries and has experience in blockchain technology development.
New tokens appear almost every day in the world of cryptocurrencies.
👉Why is it worth buying SXP?
This token is distinguished by technologically advanced solutions and a platform that has gained the recognition of crypto traders. Swipe supports the adoption of
cryptocurrencies on a large scale. And the greater popularity of the application may translate into an increasingly higher price of the token.
-❇️Conclusion
The SXP token was born as a utility token with the purpose of gas or reducing costs. Demand for tokens of the market is real soon. However, not only SXP tokens have this goal, but many other projects have the same ambition.
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart above, The current price roam about 2.5$,we can see when the candle will complete about 1 day later , I guess it will form an ascending hammer , as in the previous analysis and continue its move.
As we can see in the picture, we have examined from the perspective of Elliott waves and it is completing the second wave and we expect it to complete its third wave up to the range of $ 14-15.
And after the correction in Wave 4, you can imagine a long-term final target of even up to $ 40.
Anyway, my constant suggestion yo anyone is to buy step by step , With proper capital and risk management and keep the stop-loss because everything in the market is based on probabilities and there is no certainty.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
