Cryptocurrency
eTukTuk: How the Tesla of Developing Nations Revolutionizes the EV Sector Using AI & Blockchain
Investing in the EV sector can be regarded as investing in the future of Earth. But eco-conscious initiatives can be incredibly lucrative in terms of financial returns, too.
If they have the potential for mainstream adoption, sustainability projects can bring attractive profits to early investors. A good example is eTukTuk – an electric vehicle ecosystem crafted to transform the TukTuk public transportation sector in developing economies.
Tesla of Developing Economies
eTukTuk puts forward an innovative cryptocurrency initiative with the goal of dismantling the obstacles hindering the widespread adoption of electric vehicles (EVs). Although there are numerous EV projects that operate with a broad scope, eTukTuk strategically narrows down its focus on emerging economies.
Its approach proves highly effective, given the prevalence of EV platforms catering to developed economies. Due to their substantial investment costs, these platforms are inaccessible to individuals from poor and middle-class backgrounds.
The financial barrier stands in the way of the mass adoption of EV technologies, posing challenges to fighting global issues such as climate change and air pollution. To implement meaningful solutions, we need initiatives that transcend geographical and financial borders.
eTukTuk As a Catalyst for Change
eTukTuk empowers the electric vehicle (EV) sector to permeate developing economies. It assists the transition of public transportation in these nations toward green technologies powered by electricity.
This is achieved by strategically focusing on optimization by targeting TukTuks, a widely used mode of public transportation. Beyond their accessibility, TukTuks are also notorious as significant contributors to air pollution in developing nations. The focused approach enables eTukTuk to make a substantial and positive impact in the EV sector.
eTukTuks are electric adaptations of traditional TukTuks that feature green technology alongside integrated AI and blockchain functionalities. On the financial front, eTukTuk drivers stand to significantly increase their income, up to 400% more, compared to driving an ICE TukTuk.
Beyond environmental focus, these vehicles provide drivers with compelling incentives and advantages.
- Reduced operational and maintenance costs compared to their Internal Combustion Engine (ICE) counterparts. Thanks to the project’s meticulous 5-year research and development process, the efficient design requires only 200 components.
- Local manufacturing slashes acquisition costs for drivers.
- eTukTuks grant access to AI features that optimize routes, alleviate traffic congestion, and minimize fuel consumption.
- Predictive maintenance enhances the lifespan of eTukTuks. The AI system can anticipate potential issues ahead of time, allowing timely interventions.
eTukTuk’s self-sufficient ecosystem takes advantage of a blockchain-based peer-to-peer payment network and an extensive network of electric vehicle (EV) charging stations. They are powered by the native $TUK tokens.
Community and Incentivization
$TUK tokens form the backbone of the incentivization scheme, serving as a means to democratize investment opportunities within the EV sector. It departs from the traditional limitations that typically favor large-scale investors and opens up investment avenues for global participants.
The native token creates a seamless ecosystem for drivers, including those not operating the eTukTuk fleet. EV drivers can use $TUK for charging payments, with a portion directed to a reward pool. The rewards are distributed among Territory Partners and Power Stakers.
When it comes to tackling the infrastructure challenges in developing economies, eTukTuk has strategically positioned and managed a network of charging stations. They are overseen by Territory Partners. The security of the payment network falls under the responsibility of Power Stakers. They also give access to a lucrative source of digital income.
Another dimension to the ecosystem is added by the upcoming play-to-earn game, which is styled on the popular Crazy Taxi. It caters to gamers, offering an additional source of income and contributing to the platform’s inclusivity and societal impact.
Together, all ecosystem participants foster a collaborative and automated network.
A Financial and Social Investment
eTukTuk is designed to broaden the impact of the electric vehicle (EV) industry across the world, beyond developed economies.
eTukTuk embraces the innovations of cryptocurrencies and blockchain to position itself as a radical force in the EV sector. Alongside, it enriches the lives and livelihoods of online and offline ecosystem participants.
Leading up to the official exchange launch of $TUK tokens, investors have the opportunity to grab discounted prices during the limited presale period. It offers attractive staking benefits in three-digit APYs. Staking, in addition, dampens the risk of early sell-offs that plague new crypto projects. It encourages investors to hold on to their tokens for higher long-term returns, which, in turn, strengthens the price action.
With sustainability and climate action growing more popular than ever, eTukTuk has high market relevance. The project has the potential to attract the attention of traditional investors to the crypto sector.
Disclaimer: CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Bitcoin has recently experienced an uptick in demand near the crucial support region of the 100-day moving average, leading to a notable rebound.
This price action underscores a bullish sentiment in the market with the potential for a continued rally toward a new all-time high.
Technical Analysis
By Shayan
The Daily Chart
A detailed analysis of Bitcoin’s daily chart reveals that following a resurgence of demand near the critical $53K support area, the cryptocurrency initiated an impulsive bullish rally, surpassing several key resistance levels and introducing a bullish sentiment into the market.
These zones include the 200-day moving average at $60.5K, the 100-day moving average at $64.4K, and the static resistance at $61K. After breaking above the 100-day MA, the price recently exhibited a corrective retracement, completing a pullback to the broken level and validating the breakout.
Currently, Bitcoin has faced heightened buying pressure near the 100-day MA and experienced a bullish rebound toward the $67K threshold. If conditions remain stable, there is potential for the bullish trend toward the significant resistance region of $70K in the mid-term to continue.
The 4-Hour Chart
On the 4-hour chart, after receiving sufficient support near the lower boundary of the multi-month wedge at $54K, the price initiated an impulsive bullish rally, reaching the wedge’s upper trendline at $68K.
This price action clearly indicates that buyers are eager to push above the $70K resistance and set a new ATH for Bitcoin in the mid-term. During the recent rally, the price has formed an ascending short-term trendline, serving as the main support for BTC in the short term.
However, Bitcoin faced increased selling pressure near the wedge’s upper boundary, leading to a notable rejection toward the upslope trendline and the $64K support region.
Yet, the cryptocurrency was supported by the trendline and the $64K threshold, initiating a new surge toward the wedge’s upper boundary. Currently, the price is confined by the dynamic support of the ascending trendline and the dynamic resistance of the wedge’s upper boundary, roughly forming a triangle pattern.
A break above the wedge’s upper trendline will pave the way for a renewed bullish surge toward the $70K threshold. Conversely, a break below the ascending trendline could lead to a retracement toward the $64K mark.
On-chain Analysis
By Shayan
While Bitcoin’s price has experienced a notable bullish reversal, a closer examination is essential to determine if this trend will persist.
The Taker Buy/Sell Ratio, a crucial metric for evaluating futures market sentiment, provides valuable insights into the market dynamics. Values above 1 indicate aggressive buying by bulls, while values below 1 suggest bearish selling pressure.
The chart highlights the Taker Buy/Sell Ratio, which has experienced an impulsive surge above the “1” threshold concurrently with Bitcoin’s bullish revival. This surge signifies strong buying interest in the perpetual market, indicating a notable bullish sentiment and significant buying activity. If the upward trend in the Taker Buy/Sell Ratio continues, it confirms a potential mid-term bullish trend, with the price likely rallying toward the $70K mark.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
MEET48 “2024 GIPR2” Voting Event Final Results on August 3rd, Ranking Top on DappBay and DappRadar
[PRESS RELEASE – Singapore, Singapore, July 26th, 2024]
Recently, the “2024 GIPR2” voting event Dapp of MEET48, a metaverse virtual community based on an AI and WEB3.0 diversified UGC entertainment content ecosystem, has rapidly risen in the rankings on DappBay and DappRadar, attracting widespread attention.
The MEET48 “2024 GIPR2” voting event (https://gipr.meet48.xyz/#/gipr) is divided into the Idol Group, Sprout Group, and Virtual Idol Group. Users can log into the MEET48 official website and app, complete tasks and watch contestant videos to earn points, mint NFTs, and use points to buy voting tickets to vote for idols. The final voting rankings will determine the metaverse and overseas offline performance resources that participants will receive. Users who participate in voting interactions will also be whitelisted for future airdrop eligibility.
As of 12PM on July 26, 2024, the MEET48 event Dapp has become the number one social category Dapp on DappBay and ranked fifth in the social category on DappRadar.
According to DappRadar data, MEET48’s event Dapp recorded 25.25 million on-chain transactions in the past 30 days, with 669.98K active user addresses (UAW). In DappBay’s statistics, MEET48’s event Dapp also performed excellently, with 25.62 million on-chain transactions and 647K users in the past 30 days.
Currently, the MEET48 “2024 GIPR2” voting event Dapp has over 3 million registered users, and the total accumulated votes in the event have exceeded 10 million. These users, who joined through the airdrop, will eventually be integrated into MEET48’s intelligent social metaverse community through the MEET48 content ecosystem matrix products.
With the final results of the “2024 GIPR2” voting airdrop event set to be announced on August 3rd, MEET48’s popularity is expected to continue rising. For those who have not yet participated, there is still an opportunity to complete tasks and earn points to join the airdrop event:
https://gipr.meet48.xyz/#/gipr.
About MEET48
MEET48 currently boasts a technical and R&D team of 500 people, covering regional operations in Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. This makes it one of the largest Web3 application project teams globally. MEET48 aims to achieve the mass adoption of Web3 technology by focusing on an AI UGC content ecosystem centered on AIGC (Animation, IDOL, GAME, and Comics) Gen Z trend entertainment content and a graphical, intelligent metaverse social base.
For more information users can visit MEET48’s: Official Website | Twitter (X) | Telegram | Discord
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Ripple’s price is finally gaining some bullish momentum following months of downtrend and consolidation.
By TradingRage
The USDT Paired Chart
Analyzing the XRP/USDT pair, it is evident that the price has demonstrated a rapid recovery from the $0.43 support level. It broke above both the $0.5 level and the 200-day moving average, located around the $0.55 mark.
The price is currently on the verge of breaking above the $0.59 resistance zone and if it succeeds, a rally higher toward the key $0.72 resistance level would be probable in the coming weeks.
The BTC Paired Chart
The BTC paired chart also displays a similar behavior. The market has rebounded and broken above the 800 SAT level. Yet, the price has yet to break through the 200-day moving average, located around the 900 SAT mark.
Typically, a rise above the 200-day moving average indicates the beginning of a new uptrend. Therefore, if a breakout occurs, XRP will likely significantly appreciate against BTC in the short term.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Forex2 years agoForex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Stock Markets2 years ago
Morgan Stanley: bear market rally to continue
- Economy2 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions
