cheqd

Millions

Show

Momentum

Powerledger

<p>The <strong>cheqd (CHEQ) token</strong> saw strong gains over the last 24 hours, jumping over <strong>24%</strong> to a daily high of <strong>$0.1359</strong> before settling around <strong>$0.12</strong> at press time. The native token of the cheqd self-sovereign identity platform has seen high volatility recently, with the last 24 hours producing a trading range from a low of <strong>$0.09566</strong> to a high of <strong>$0.1359</strong>.</p>
<p>Despite the pullback from daily highs, CHEQ is still up over <strong>24%</strong> in the last 24 hours. The rally has also helped push cheqd’s market capitalization above <strong>$79.5 million</strong>, for a gain of over <strong>24%</strong> in the last day.</p>
<h2 class="wp-block-heading" id="kyc-solution-launch-drives-momentum">KYC Solution Launch Drives Momentum</h2>
<p>A key driver of the latest CHEQ rally seems to be the latest <a href="https://cheqd.io/blog/introducing-the-first-regulatory-compliant-reusable-kyc-kyb-digital-credential-solution/" target="_blank" rel="noopener noreferrer nofollow">launch</a> of cheqd’s regulatory-compliant reusable Know Your Customer (KYC) and Know Your Business (KYB) credential solutions.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The new <strong>end-to-end solution</strong> enables streamlined client onboarding and compliance by allowing companies to access verified KYC and KYB credentials stored on the cheqd network. By storing credentials on-chain, cheqd allows them to be reused across different applications, reducing redundancy in compliance while still meeting regulatory requirements.</p>
<p>The ability to access reusable digital credentials is expected to significantly improve efficiency and lower costs associated with client onboarding, while also enabling companies in traditional finance as well as the growing decentralized finance space to remain compliant.</p>
<h2 class="wp-block-heading" id="technical-indicators-remain-strong">Technical Indicators Remain Strong</h2>
<p>In addition to the fundamental catalyst of the KYC solution going live on the mainnet, CHEQ price action is being supported by bullish technical indicators in the short term.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="378" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-1024x378.png" alt="" class="wp-image-436603" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-1024x378.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-300x111.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-766x283.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-1536x567.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-2048x756.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-406x150.png 406w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-948x350.png 948w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-420-788x290.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The relative strength index (RSI), a momentum indicator, remains elevated at <strong>81 on the daily chart</strong>. RSI above 70 typically indicates overbought conditions; however, the latest push above 80 shows bullish momentum that still remains strong over the last day despite CHEQ pulling back from local highs.</p>
<p>As long as the RSI level holds up and CHEQ maintains support above <strong>$0.10</strong>, the technical picture remains constructive for a continuation of the strong upside seen over the last 24 hours.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-is-powerledger-powr-price-pumping/" target="_blank" rel="noopener noreferrer nofollow">Why is Powerledger (POWR) Price Pumping?</a></li>
 <li><a href="https://captainaltcoin.com/expert-crypto-analyst-spotlights-optimism-mavia-and-these-altcoins-to-watch-this-week/" target="_blank" rel="noopener noreferrer nofollow">Expert Crypto Analyst Spotlights Optimism, MAVIA and These Altcoins To Watch This Week</a></li>
 <li><a href="https://captainaltcoin.com/bitcoin-btc-bnb-bnb-move-funds-into-early-kelexo-klxo-presale-as-stage-1-is-selling-out-fast/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) &amp; BNB (BNB) Move Funds Into Early Kelexo (KLXO) Presale as Stage 1 Is Selling Out Fast</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-cheqd-cheq-price-up-by-24/" rel="noopener noreferrer nofollow">Why Is cheqd&nbsp;CHEQ Price Up By 24%?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is cheqd CHEQ Price Up By 24%?

목차

CaptainAltcoin

2024년 2월 12일에 게재된 다른 기사

Introducing the ERC-404 Token Standard: Merging ERC-20 and ERC-721 Features

Bitcoin Climbs Sharply as Whales Increase Holdings

Trending Cryptocurrency Tokens on Avalanche Chain Today – Payday, EvoVerses, Any Inu

How High Will Cardano (ADA) Price Surge This Crypto Bull Run?

Ethereum Co-Founder Executes Significant ETH Transfer to Exchange

Meme coin likely to outpace SOL, AVAX, and MATIC

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!