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XORUSDT SPOT

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XORUSDT trade ideas

XOR Bullish Breakers to watchThe bullish divergence on the NAMI indicator previously resulted in a significant price increase. It’s possible that we might experience another upward movement soon, given the current bullish divergence that has just formed and we are in a bullish breaker block now. The existing support level (breaker block) has higher volume compared to the lower one, but if the market declines further, we could see a drop to that lower support level, potentially even down to the range Point of Control at .....1426. It's challenging to predict the market's next move with certainty, but I believe that dollar-cost averaging (DCA) through this period is a prudent approach. Please note, this is not financial advice. I am not a financial advisor, and my expertise is in drawing cartoons ;) Additionally, it's worth mentioning that the Yearly Volume Weighted Average Price (VWAP) is currently 112% above our position. This could serve as a promising initial target for any future outburst. The reasoning behind these large moves with XOR is mainly due to the recent deflationary nature of the tokenomics. Many buyers are beginning to circulate back to the Sora ecosystem with the current production. Polkaswap is their main dex with deflationary burning aspects of multiple tokens including XOR, VAL, and PSWAP. Not Ever Financial Advice.
Long
by Altisona
6
XOR (SORA) v3 NOW DEFLATIONARYIt was announced a few days ago that Soramitsu (XOR) from the creators of Hyperledger Iroha is now deflationary. Many of you know how the token bonding curve has not been able to stabilize the price of Sora due to lack of liquidity in reserve assets. However, there are some interesting things to note here - 1. The SORA network upgrade v3.4.0 released on mainnet. Kensetsu governance will go live next monday May 27th. TBCD will no longer be minted, effective immediately (this change will effectively make the XOR token supply deflationary) -from their medium article - "Producers, the heart and soul of any economy, will get funded not with newly created XOR but with tokens that are convertible to Kensetsu XOR, which will act as a Chameleon token that mimics XOR in only specified liquidity pools on Polkaswap (starting with XOR-ETH)" 2. Sora has officially won the crowdloan on the polkadot network 3. Sora has officially won the crowdloan on the Kusama network and partners with Kusama and Fearless wallet. 4. The CERES team ecosystem - APOLLO, CERES, HERMES, DEO tokens are all built in partner with SORA. 5. They built Polkaswap and built in token burning from the swaps which deflates and burns both VAL and PSWAP tokens . Now it will burn XOR as well at a much higher rate without minting. 7. They released the SORA card where you can use XOR ↔ EUR or SEPA (bank transfer) . 8. They have developed CBDC and working with actual countries - Sri Lanka, Solomon Islands, Bangkok - Bocolo Cash
Long
by Altisona
2
XOR extreme volume.After a long drawn out drop, seeing the huge spike in volume recently I am buying this at spot. Call it a lotto ticket, this coins supply changes often, the massive volume as of late may well be final stage accumulation before a serious pop. As we know for every seller there is a buyer, why the sudden interest? The coin has been at $800 in the past, is it going there again? NO, lets be somewhat realistic, but at 0.022 with all the volume preceding it I do believe it has a genuine CHANCE of being the next 100-1000x'er. It is a shitcoin, sure, so dont throw your money away. That said to me it is worth a tiny tiny % of your portfolio. Like I say a lotto ticket, buy and hope for the best (HUGE gains) but expect the worst (it going to 0). I think the risk/reward is irresistible here as it has started to show some signs of life on the lower timeframes. Worth a punt but dont get married :)
XLong
by izit
1
SORA | LKR | BTCThe SORA community invites Sri Lanka to adopt XOR token as legal tender June 20, 2022 — The SORA community has sent an open letter to the people of Sri Lanka to use the SORA (XOR) token as a legal tender. Currently, Sri Lanka is going through an economic crisis, causing political and social unrest, leading key players in Sri Lankan politics to resign while the people suffer from food shortages, electricity outages and economic mismanagement. SORA recently participated in several events in Davos on the sidelines of the World Economic Forum. Project contributor Dr . Makoto Takemiya — along with experts such as former Toyota Financial Services CEO Hideto Ozaki and former Mitsubishi UFJ Bank chief manager of market infrastructure Taketoshi Mori , among others — penned an open letter inviting the Sri Lankan people to adopt XOR as a legal currency in alignment with SORA’s Many Worlds, One Economy vision. A longer exposition about the efficacy of using XOR to drive national economies is explained in a short paper, “The Case for XOR,” written by Dr . Takemiya. MORE :-https://cointelegraph.com/press-releases/the-sora-community-invites-sri-lanka-to-adopt-xor-token-as-legal-tender If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
X
by Pathum_Nirmal