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About CNDL

*We're currently in beta, but that's not stopping us from being the most popular blockchain out there!*A scaleable, efficent place for developers to build on web3. Candle believes in Web3 for all. Candle is a decentralised EVM-based scaling platform that enables developers to build user-friendly dApps with zero-to-low transaction fees without sacrificing security.Candle (CNDL) is the American rival to Russia's Ethereum and India's Polygon. It is decentralized and therefore has essentially little to no centralized leadership or organizational structure. Those who are involved with the network describe it as a manufacturing/production focused blockchain, with the eventual goal of increasing the value stored in the protocol through large trade surpluses. These surpluses are hoped to be acheivedCandle is backed by a network of VC's and other well-known investors, looking to kickstart a new era in communications and messaging. Coinbase is said to be the largest private backer, with speculation of a16z as well.

Candle (CNDL) is a cryptocurrency launched in 2022. CNDL has a current supply of 100.00Bn with 0 in circulation. The last known price of CNDL is 0.000480373829 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://candlelabs.org.

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CNDL Price Statistics
CNDL’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#5464
CNDL Market Cap
Market Cap
$0
Fully Diluted Market Cap
$48.04M
CNDL Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
CNDL Supply
Circulating Supply
0
Total Supply
100.00Bn
Max Supply
100.00Bn
Updated Jul 29, 2023 2:30 am
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CNDL
Candle
$0.000480373829
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Federal Reserve Chair Powell May Push For Rate Cut Amid Labor Market Concerns
Federal Reserve Chair Powell May Push For Rate Cut Amid Labor Market Concerns
According to Odaily, Federal Reserve Chair Jerome Powell is likely to seek consensus for at least a 25 basis point rate cut at the upcoming meeting later this month. However, due to recent weaknesses in the labor market, Powell and others may advocate for a more substantial rate reduction. Kathy Bostjancic, Senior Vice President and Chief Economist at Nationwide, mentioned in an email that Powell does not necessarily need unanimous agreement to initiate rate cuts at the forthcoming September meeting, but he may prefer to do so, especially for the first rate cut. Former Labor Department economist Betsey Stevenson noted on social media that consensus has traditionally been a way to prevent the politicization of the Federal Reserve. She added that if she were a member of the Federal Open Market Committee (FOMC), she would prioritize achieving consensus. Dan North, Senior Economist at Allianz Trade Americas, commented on the difficulty Powell might face in garnering consensus for a larger rate cut, stating that there would be significant opposition, which could appear unfavorable. Diane Swonk, Chief Economist at KPMG, expressed on social media that Powell might be willing to take this risk. Swonk wrote that Powell is more concerned about the labor market than his colleagues and aims for a soft landing. The question remains whether he will push for a 50 basis point rate cut and how much opposition he is willing to face to achieve this goal.
Sep 10, 2024 3:04 pm

Frequently Asked Questions

  • What is the all-time high price of Candle (CNDL)?

    The all-time high of CNDL was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Candle (CNDL) is 0. The current price of CNDL is down 0% from its all-time high.

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  • How much Candle (CNDL) is there in circulation?

    As of , there is currently 0 CNDL in circulation. CNDL has a maximum supply of 100.00Bn.

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  • What is the market cap of Candle (CNDL)?

    The current market cap of CNDL is 0. It is calculated by multiplying the current supply of CNDL by its real-time market price of 0.000480373829.

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  • What is the all-time low price of Candle (CNDL)?

    The all-time low of CNDL was 0 , from which the coin is now up 0%. The all-time low price of Candle (CNDL) is 0. The current price of CNDL is up 0% from its all-time low.

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  • Is Candle (CNDL) a good investment?

    Candle (CNDL) has a market capitalization of $0 and is ranked #5464 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Candle (CNDL) price trends and patterns to find the best time to purchase CNDL.

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