Technical analysis of Chainbase$C shows that the price is below the 30-day moving average, indicating a downtrend, but the growth in 24 hours may be related to the listing on Bitrue and ongoing campaigns. The RSI is in the neutral zone, meaning the asset is not overbought.
The market capitalization of Chainbase is approximately $36 million with 160 million tokens in circulation out of a total supply of 1 billion. Listings and giveaways have increased the liquidity and recognition of the project.
No other significant news has been found in the last 24 hours. The overall cryptocurrency market has increased by 0.57% in 24 hours, which could also support the growth of Chainbase, but its growth is above average at 2.28%. The fear and greed index is at 57, indicating a neutral market sentiment.$C
It is also worth noting that the newsletter from August 15 mentions partnerships with SaharaLabsAI, SpoonOS_ai, SpheronFDN, TrustaLabs, and StargateFinance, as well as community growth — 360,000 participants on Discord and 560,000 on Twitter, indicating the development of the ecosystem.
Summary: the price increase of Chainbase ($C ) in the last 24 hours is likely related to the recent listing on Bitrue, ongoing Binance Square campaigns, and positive news from the project's newsletter. Additionally, the overall market has slightly increased, which could also have an impact. Technical indicators currently show caution, as the price remains below key averages, but fundamental events support interest in the coin.#Chainbase @Chainbase Official 