Introduction to Smart World Global Token (SWGT)
Smart World Global Token (SWGT) is an innovative digital asset developed using the latest blockchain technology. This project is designed to present a new paradigm for the global economic system. SWGT offers various features, including digital asset management, smart contracts, and decentralized finance (DeFi) solutions, providing users with a safer and more efficient financial transaction environment.
Key Features
Digital Asset Management:
SWGT supports users in managing their digital assets easily and securely. This enables users to clearly establish ownership of assets and handle asset movements and transactions transparently.
Smart Contracts:
The SWGT platform guarantees automation and transparency of contracts through its smart contract functionality. Smart contracts execute automatically based on predefined conditions, allowing for trustworthy transactions without intermediaries.
Decentralized Finance (DeFi) Solutions:
SWGT provides decentralized financial services, ensuring safe financial transactions without the intervention of central institutions. This allows users to efficiently utilize various financial services, such as lending, staking, and deposits.
Scalability and Security:
SWGT boasts high scalability and security. This ensures network stability and speed even with a large number of simultaneous transactions. Additionally, various security protocols are applied to protect users’ assets and data securely.
Versatility:
SWGT has high versatility, making it usable in various applications. This promotes the popularization of blockchain technology by being applicable in finance, commerce, entertainment, and other fields.
Maximized User Experience:
SWGT maximizes user experience through fast and affordable transactions. Low fees and quick processing speeds help users utilize digital assets more conveniently.
Vision and Goals
Smart World Global Token aims to enhance the efficiency and transparency of the global economy through blockchain technology. To achieve this, continuous technological development and ecosystem expansion will provide better services to users and strengthen its position in the global market.
Recent Issues and News
Recent Price Fluctuations
Smart World Global Token (SWGT) has experienced extreme price fluctuations recently. On July 1, 2024, it reached an all-time high of $1.51 USD, but the current price has dropped significantly to approximately $0.32154 USD. This sharp price change has garnered significant interest and concern from investors.
Key Issues and Market Reactions
In the past few weeks, SWGT has shown severe price volatility. On June 28, 2024, it hit a low of $0.00000085 USD, displaying tremendous variability when compared to its peak in early July. This volatility has attracted market attention, with various investors showing increased interest in this coin.
Exchange Activity and Trading Volume
On the Bitget exchange, SWGT maintains a high trading volume. The trading volume over the past 24 hours has reached $1,077,551 USD, reflecting the high liquidity of SWGT in the market.
Current Amount and Chart Analysis
Current Price
The current price of Smart World Global Token (SWGT) is 0.5076 USDT. In the past 24 hours, it has risen to a maximum of 0.8907 USDT and fallen to a minimum of 0.2599 USDT, showing significant volatility. This price fluctuation has drawn investor attention, with a total trading volume of 763.84K SWGT and a total trading amount of 260.16K USDT. The 24-hour increase rate is +95.31%, indicating a rapid rise and fall within a short period.
Chart Analysis
Recent 1-Hour Candlestick Chart Analysis
The recent 1-hour candlestick chart of SWGT shows a sharp rise followed by a significant correction. The latest candlestick data indicates a high of 0.7389 USDT, a low of 0.5040 USDT, and a closing price of 0.5131 USDT, representing a -30.56% drop compared to the previous hour. Such drastic price fluctuations reflect high volatility and selling pressure in the market. The chart suggests a strong resistance level has formed, indicating a high likelihood of further price fluctuations.
Auxiliary Indicator Analysis
Analysis of SWGT Using Auxiliary Indicators
Moving Averages (MA):
•MA 5: 0.5116 USDT
•MA 10: 0.4436 USDT
•MA 15: 0.3993 USDT
•MA 30: 0.3330 USDT
The current price is above the key moving averages, indicating a short-term uptrend. However, the relatively large gap between MA 5 and MA 10 suggests high market volatility. The trading volume SMA 9 is 35.159K, showing a surge in recent trading activity, reflecting high investor interest and active trading.
Additional Indicator Analysis
Relative Strength Index (RSI):
The current RSI indicator is above 70, indicating the market is in an overbought territory. This suggests the possibility of a short-term correction.
Moving Average Convergence Divergence (MACD):
The MACD indicator is above the signal line, showing upward momentum. However, the potential for repeated rises and falls should be considered.
Bollinger Bands:
The price has touched the upper band and then pulled back, indicating expanded volatility and suggesting a potential short-term correction.
Comprehensive Forecast and Conclusion
Smart World Global Token (SWGT) has shown extreme price fluctuations on the Bitget exchange recently. Over the past 24 hours, it recorded an explosive growth rate of +95.31%, but then experienced a sharp decline, currently trading at 0.5076 USDT. This extreme volatility presents both high risks and potential profit opportunities for investors.
Current Price Analysis and Summary of Auxiliary Indicators
Price Analysis:
SWGT is likely to continue experiencing significant short-term volatility. All key moving averages (MA 5, MA 10, MA 15, MA 30) are below the current price, indicating strong support levels. However, the recent 1-hour candlestick chart shows a high of 0.7389 USDT, followed by a significant drop, resulting in a -30.56% adjustment compared to the previous hour. This indicates that selling pressure is still present in the market.
Relative Strength Index (RSI):
The RSI indicator is above 70, indicating the market is in an overbought territory. This suggests a potential for short-term price correction.
Moving Average Convergence Divergence (MACD):
The MACD indicator shows upward momentum as it is above the signal line. However, the possibility of repeated rises and falls should be considered.
Bollinger Bands:
The price touching the upper band and then pulling back suggests increased volatility and a potential short-term correction.
Conclusion
SWGT is currently in a highly volatile market situation.
•Short-term Investors: Need to manage risks associated with rapid price fluctuations.
•Medium to Long-term Investors: May consider buying strategies based on the support levels indicated by key moving averages.
Investors should remain cautious and consider both the potential for further volatility and the technical indicators that suggest a possible correction.
