1 XRD = ₿205 Satoshi - Is the alligator resting?

_{(Chart by TradingView)}

On August 14th, the alligator of Radix (XRD) against Bitcoin was spotted descending to almost ₿180 Satoshi in search of food, but was later seen bobbing up and down again until now.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has been signaling a bearish trend for the past week, suggesting that the price is likely to continue to fall.

However, the Stochastic Relative Strength Index (RSI), a technical indicator that measures the momentum of an asset's price, is currently at a level that suggests the asset is undervalued.

The alligator is now snapping its jaws shut. Is it resting?

Let's see where this Radix alligator against Bitcoin is going.

About Radix (XRD)

Radix (XRD) is a layer-one blockchain protocol that is specifically designed for decentralized finance (DeFi). It aims to address the scalability, security, and usability challenges that currently exist in DeFi.

Radix uses a new consensus mechanism called Cerberus, which is designed to be both scalable and secure. Cerberus is based on a sharded architecture, which means that the network is divided into smaller groups of nodes that can process transactions in parallel. This allows Radix to handle a high volume of transactions without sacrificing security.

Radix also has its own version of the Ethereum Virtual Machine (EVM) called the Radix Engine. This allows developers to deploy existing Ethereum smart contracts on Radix without having to make any changes. This makes it easy for developers to build on Radix and to bring their existing Ethereum applications to the network.

XRD is the native cryptocurrency of the Radix network. It is used to pay transaction fees and to secure the network by staking. XRD holders can also participate in governance of the Radix network by voting on proposals.

Here are some of the key features of Radix:

• Scalability: Radix is able to handle a high volume of transactions without sacrificing security.
• Security: Radix uses a new consensus mechanism called Cerberus, which is designed to be both scalable and secure.
• Usability: Radix has its own version of the Ethereum Virtual Machine (EVM) called the Radix Engine, which makes it easy for developers to build on Radix and to bring their existing Ethereum applications to the network.

Radix is still under development, but it has the potential to be a major player in the DeFi space. It is being developed by a team of experienced engineers and advisors, and it has a strong community behind it.

Assisted by https://bard.google.com/.