Centrifuge Prices Prices in front of CFM Token Migration

The centrifuge token increased to the highest level from January before the ordered token migration and a sharp increase in property within its ecosystem.

Centrifuge (Cfg) He jumped at a tall $ 0.2850 on Friday, 180% of the lowest point this year. Surga pushed her market capitalization to over $ 106 million.

Rally comes in front of scheduled centrifuge management token migration in Etherum (El) 20. May. This means the main turning point because the network moves according to the compatibility of the full Etherum virtual machine.

Migration is expected to open the way to start Etherum-home centrifuge protocol.

Developers hope it is transition from a polkadota (Dot) Ethereum and the base will improve its management, expanding exchange and decentralized financial integration and simplify liquidity.

As part of the migration, the offer of CFG will increase from electricity 560,246 million to 675 million. An additional 115 million tokens will be awarded the centrifuge foundation for financing incentives to Decentralized funding Users, strategic initiatives and liquidity of exchange. The protocol will maintain its 3% annual inflation rate.

The token was also gathered as the total value locked in the centrifuge ecosystem increased to a record $ 441 million, more than $ 100,000 in March. Most of this capital is in Janus Henderson Anemoi Fund for the Treasury, which enters in short-term American state records.

Centrifuge Price Analysis

On the daily list, CFG climbed to 0.2735 USD on Friday, because the amplifier is expected in the token migration. The level is significant, because it coincides with the lowest bottle of swing since October last year.

The MACD indicator recently switched over the zero line, and the relative strength index entered the territory with the transmitted color.

Given this setting, the token will probably continue its ascent, potentially reaching the resistance of about $ 0.50 in the eve of migration. The withdrawal can follow the event while investors take profits in the classic scenario “News for news”.