Dear friends hello everyone 👋 I hope everyone is doing well and having a very good day
technical analysis
15m and 1h charts show price is very fast today after a huge 80 percent jump
4h and 1d charts show a strong bullish breakout from a long downward channel
1w chart shows price is recovering from its all time low of 0.031 US dollars
Market indicators give strong buy signals because volume has increased by 3000 percent today
white paper and how it works 👇
Across Protocol is a special bridge that helps people move their money between Ethereum and other networks very fast
main idea 👇
The project uses an intent based system where people say what they want to do and workers called relayers compete to do it for them
So the model roughly works like this
🌉 You ask to move money from one blockchain to another
⚡ Relayers use their own money to give you the tokens instantly
🔍 An optimistic oracle checks that everything is correct later on
💰 Relayers get paid back from a big pool of money once the check is done
The total supply is 1 billion tokens and it is designed to be very cheap and safe for users
In summary
➡️ A fast bridge for Ethereum and Layer 2 networks
➡️ Uses intents to make trading simple for everyone
➡️ Very low fees and fast speed for small and big trades
➡️ Safe because it uses the UMA oracle system to prevent cheating
recent news 📢
ACX price exploded today because the team proposed a plan to turn the project into a private company
Holders might be able to trade their ACX tokens for real equity in the new company called AcrossCo
There is also an option for people to sell their tokens for 0.04375 USDC which is a 25 percent bonus
This is one of the first times a crypto project is trying to move from a DAO to a real corporation structure
For those who want to research more about the project I am leaving the official website below 👇
https://across.to
If you have any questions I would be happy to answer them friends 🙌
⚠️ Important Notes
🔸 This is not a paid advertisement it is completely for informational purposes
📉 The cryptocurrency market is highly volatile
🧐 This post is not investment advice it is only for informational purposes
🔎 Do not forget to do your own research and only invest amounts you can afford to lose