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The following question stands out these days at the center of crypto-related financial discussions: How will the US Federal Reserve’s interest rate decision affect Bitcoin? The FED will announce its interest rate decision this evening at 22:00 Turkish time. Markets are waiting for the decision.
While this wait for the FED’s interest rate decision continues, Bitcoin and other major cryptocurrencies have seen significant movement this week. Bitcoin rose above $43 thousand again. Bitcoin, which fell below 39 thousand dollars for a short time last week, increased by 10 percent in a week.
Bitcoin ETFs may still be the main driver behind price movements but there are other factors as well. Analysts consider the increase in USDT reserves on exchanges as an indicator of increasing purchasing power. The effects of the medium-term bull cycle that started in October may still be ongoing. In addition, news about the BTC halving, which is expected to take place in April, is likely to trigger Bitcoin price increases.
Investors are almost certain that the central bank will keep interest rates steady. However, they still hope that the FED will signal that it will start reducing interest rates soon. Low interest rates can increase risk taking in general and investment in certain sectors such as technology. This situation may create positive factors for Bitcoin and other cryptocurrencies.
The effects of a possible interest rate cut by the FED could be a pivotal moment for Bitcoin and other digital assets. According to FXStreet analysis, BTC may be facing an upside support zone between $43,870 and $45,562. In case of a decline, Bitcoin price may drop to the critical level of $40,000. If this threshold is broken, the next support zone is expected to be between 38 thousand 535 and 38 thousand 574 dollars.
Investors who want to make unique profits follow the BTC price and the FED decision closely. Another project that has been closely followed recently is eTukTuk. Purchasing eTukTuk tokens can enable you to become part of a sustainable AI-powered transportation solution. Let’s examine the details of this project.
eTukTuk (TUK) – Token Utilizing Blockchain for Eco-Friendly Transportation
The eTukTuk project is among the best in environmentally friendly transportation. Its aim is to reduce carbon dioxide emissions and health problems caused by carbon dioxide. So how can the future of transportation be transformed by purchasing eTukTuk tokens?
The focus of the eTukTuk project is the creation of modern electric vehicle charging stations. It focuses on both urban and suburban areas of developing countries. Their goal is to make charging of electric vehicles, especially eTukTuks, simple and widespread.
The company’s unique electric vehicle offers drivers an economical option. Thus, it replaces traditional, high-emission TukTuks. It is known that traditional TukTuks pollute the environment much more than electric vehicles because they have internal combustion engines. eTukTuks, on the other hand, are becoming a cleaner mode of transportation that provides financial benefits, powered by the advantages of blockchain.
TUK, the native token of the project, will allow you to be a part of a sharing-based economic system. Drivers will use TUK tokens to recharge, creating a connection between daily life and the world of cryptocurrency. eTukTuk’s goal is to deploy electric vehicle (EV) charging points in a user-friendly way and use its strategic partnerships to operate them sustainably.
Affordable, User-Friendly Green Project
According to the eTukTuk whitepaper, the project has the following key features:
- Token name: TUK
- Blockchain: BNB Smart Chain (BEP20)
- Total token supply: 2 billion
- Token supply available for pre-sale: 120 million
Operating on the Binance Smart Chain, eTuktuk guarantees scalability, security and efficiency. Therefore, while the project provides environmentally friendly vehicles and charging stations, it also undertakes the task of being a pioneer in transportation by using blockchain technology. Its clear goal is to expand its services, especially in areas where TukTuks are the primary mode of transportation.
eTukTuk is a public benefit project. Its vision is in line with global sustainability and environmentally friendly transportation trends. The company has already achieved some milestones and entered into partnerships with well-known groups. Therefore, purchasing eTukTuk tokens may become increasingly popular.
The project expects growth in the near future with the partnerships it has established and the green mission it has adopted. In addition, the project also provides staking rewards. Token rewards will be distributed to users at a rate of 4.75 TUK per BSC block.
The TUK token has a variety of use cases within the ecosystem, from paying charging station fees to integrating driver and passenger applications. As its usage increases, the price of the token may also increase. TUK tokens are available for presale at an affordable price of $0.02625.
The team promises token holders to be part of a green solution as well as offering various rewards. If the eTukTuk project becomes widely accepted, the TUK utility token could experience significant growth.
Click to review eTukTuk token.