1 XRD = ₿210 Satoshi - Is the bullish run sustainable?

_{(Chart by TradingView)}

The Ultimate Moving Average of Radix (XRD) against Bitcoin price fell to near ₿180 Satoshi in mid-August, but has since recovered to its current level.

And after a sell signal in mid-August, the SuperTrend indicator, which is used to identify buy and sell signals, has now flipped to a buy signal.

However, the Squeeze Momentum indicator has just flipped from bullish to bearish, signaling that the market may soon start to trend downwards.

Radix against Bitcoin has been on a bullish run lately, but is it sustainable?

Stay informed about the Radix against Bitcoin market so that we can make sound investment decisions.

About Radix (XRD)

Radix (XRD) is a layer-one blockchain protocol designed specifically for decentralized finance (DeFi). It promises to be the "DeFi layer one done right" by avoiding the dangers of exploits and hacks without sacrificing scalability.

Radix uses a new consensus mechanism called Cerberus, which is said to provide the performance necessary to achieve its ambitious goal of creating a new global decentralized financial system. Radix also has its own version of the Ethereum Virtual Machine (EVM) called the Radix Engine, which allows developers to build on the Radix ecosystem using pre-built Radix components.

XRD is the native token of the Radix network and is used to secure the network through staking, to pay transaction fees, and to participate in governance.

Radix is still under development, but it has already attracted a lot of attention from the cryptocurrency community. It is seen as a potential challenger to Ethereum, the current dominant DeFi platform.

Here are some of the key features of Radix:

• Scalability: Radix is designed to be highly scalable, with the ability to handle millions of transactions per second.
• Security: Radix uses a number of innovative security features to protect against exploits and hacks.
• Developer-friendly: Radix is designed to be easy for developers to use, with a number of tools and resources available to help them build on the Radix ecosystem.

Radix is still in its early stages of development, but it has the potential to revolutionize the DeFi industry. It is worth keeping an eye on in the coming months and years.

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