C.R.E.A.M. Finance (P2P) DeFi platform: creamusd analysis
C.R.E.A.M. stands for Crypto Runs Everything Around Me
What Is🌟 C.R.E.A.M. Finance (CREAM)🌟?
C.R.E.A.M Finance is a decentralized peer-to-peer (P2P) DeFi platform that provides lending, borrowing, swap, payment and tokenization services for digital assets. The C.R.E.A.M. Finance protocol was created as a Compound Finance fork, while its C.R.E.A.M. SWAP exchange is based on the code of Balancer Labs.
C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers yield farming rewards to its users in order to inclusively develop its network.
it was launched unexpectedly on the Ethereum network on Aug. 3, 2020 through the YOLO liquidity pool. In September 2020 it went live on the Binance Smart Chain (BSC).
The CREAM token allows users to lend, borrow, stake or swap assets and help govern the network, allowing them to vote on assets to support or delist.
❇️C.R.E.A.M. Finance helps provide liquidity to important DeFi assets through automated market making (AMM), The platform aims to list and support tokens important to the DeFi sector, for example the biggest stablecoins (USDT, USDC, BUSD, yCRV, etc), governance tokens (COMP, BAL, YFI, LEND, CRV, CREAM etc.), and other leading cryptocurrencies such as ETH, renBTC and LINK.
❇️Who Are the Founders of cream.finance ?
The person behind C.R.E.A.M. Finance is Taiwanese entrepreneur Jeffrey Huang, who labeled himself as the “semi-benevolent dictator of CREAM” upon launch. Huang is also the founder of Mithril (MITH), the Ethereum-based social media platform.
coinmarketcap -- cream.finance
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✅TECHNICAL ANALYSIS
As you can see in the Weekly time frame chart for cream/USDT, the price is trading around 127 $ .
Cream after reaching $ 373 as a new ATH on February 1, 2021;
Entered in a the correction phase, which seems to be the end it . it can start a new bullish move again. In this regard, it should be able to pass through the narrow red resistance area. Of course, it can fluctuate between green support and resistance areas for a while. Also, EMA 21 and 13 have a supportive role for the price. However, if it manages to cross its resistance and stabilize on it. With a litle pullback, it can continue his upward waves.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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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❤️
💜 if you're fan of my analyses you can support me with your 👍 likes 👍 and 💭comments 🗯
What Is🌟 C.R.E.A.M. Finance (CREAM)🌟?
C.R.E.A.M Finance is a decentralized peer-to-peer (P2P) DeFi platform that provides lending, borrowing, swap, payment and tokenization services for digital assets. The C.R.E.A.M. Finance protocol was created as a Compound Finance fork, while its C.R.E.A.M. SWAP exchange is based on the code of Balancer Labs.
C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers yield farming rewards to its users in order to inclusively develop its network.
it was launched unexpectedly on the Ethereum network on Aug. 3, 2020 through the YOLO liquidity pool. In September 2020 it went live on the Binance Smart Chain (BSC).
The CREAM token allows users to lend, borrow, stake or swap assets and help govern the network, allowing them to vote on assets to support or delist.
❇️C.R.E.A.M. Finance helps provide liquidity to important DeFi assets through automated market making (AMM), The platform aims to list and support tokens important to the DeFi sector, for example the biggest stablecoins (USDT, USDC, BUSD, yCRV, etc), governance tokens (COMP, BAL, YFI, LEND, CRV, CREAM etc.), and other leading cryptocurrencies such as ETH, renBTC and LINK.
❇️Who Are the Founders of cream.finance ?
The person behind C.R.E.A.M. Finance is Taiwanese entrepreneur Jeffrey Huang, who labeled himself as the “semi-benevolent dictator of CREAM” upon launch. Huang is also the founder of Mithril (MITH), the Ethereum-based social media platform.
coinmarketcap -- cream.finance
------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the Weekly time frame chart for cream/USDT, the price is trading around 127 $ .
Cream after reaching $ 373 as a new ATH on February 1, 2021;
Entered in a the correction phase, which seems to be the end it . it can start a new bullish move again. In this regard, it should be able to pass through the narrow red resistance area. Of course, it can fluctuate between green support and resistance areas for a while. Also, EMA 21 and 13 have a supportive role for the price. However, if it manages to cross its resistance and stabilize on it. With a litle pullback, it can continue his upward waves.
--------------------------------------------------------------------------------------------------------------------
💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you're fan of my analyses you can support me with your 👍 likes 👍 and 💭comments 🗯
Trade closed: stop reached
