Category: Cryptocurrency News

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Ethereum fell to $2,930 before correcting higher against the US Dollar. ETH price is rising and a close above $3,200 could spark a strong recovery. Ethereum extended decline and broke the $3,000 support zone. The price is trading below $3,200 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a major recovery wave if there is a close above $3,200. Ethereum Price Eyes Steady Recovery Ethereum failed to climb above $3,200 and extended its decline. ETH declined below the $3,050 and $3,000 support levels to move further into a bearish zone. The price spiked towards $2,920 and traded as low as $2,931. Recently, there was a sharp upside correction above the $3,000 and $3,050 levels. Besides, there was a break above a major bearish trend line with resistance near $3,110 on the hourly chart of ETH/USD. Ether price settled above the 61.8% Fib retracement level of the downward move from the $3,210 swing high to $2,931 low. It is now consolidating above the $3,100 level. On the upside, an immediate resistance is near the $3,145 level. It is near the 76.4% Fib retracement level of the downward move from the $3,210 swing high to $2,931 low. The next major resistance is near the $3,200 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com A clear upside break above the $3,200 level could spark a decent recovery wave. The next key resistance is near the $3,300 level. Any more gains could send the price towards the $3,420 level in the near term. Fresh Decline in ETH? If ethereum fails to start a fresh increase above the $3,200 level, it could start another decline. An initial support on the downside is near the $3,060 level. The first key support is now forming near the $3,000 level. A downside break below the $3,000 level might put a lot of pressure on the bulls. In the stated case, there is a risk of a new monthly low below the $2,931 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $3,060 Major Resistance Level – $3,200

I have about a $100 worth of ETH sitting in my Metamask atm. How do I earn from this? I would like to provide liquidity or stake it somewhere that can give me rewards/returns. Just FYI, I have used Sushi/Pancake but have never their their staking. Can you shine some light on that as well?…
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Yellow Card has announced the resumption of naira deposits and withdrawals in Nigeria via a statement from the cryptocurrency exchange platform. The move by the company comes almost a year after a central bank directive forced Yellow Card to suspend deposits and withdrawals. CBN’s Growing Interest in Digital Currencies Almost a year after suspending services […]

Almost inherent to the industry is the idea of expanding, evolving and changing with this ever-growing market. Therefore, many decentralized finance (DeFi) projects come out to show what they got to see whether it can be the next big hit. What comes from these endeavors is the idea that there are ways to change the way people interact with DeFi and related services, usually through a community of cryptocurrency investors through which platforms can gain exposure and raise funding for their projects. Reducing System Problems One project looking to change DeFi interaction is Optimus Ventures, aiming to reduce the problems of crowdsourcing and fundraising in the initial days of a firm. It is fairly easy to start their project on the platform after filling a form and listing out the necessary details per the needs of the user’s jurisdiction. The platform supports the top three major chains: Ethereum, Binance Smart Chain and Polygon. Therefore, there’s little chance that developers will face any problems of cross-chain incompatibility. While launched on the biggest chains in the DeFi world, it is a cross-chain semi-automatic launchpad that is backed by smart contracts. As of now, the platform has funded more than 10 projects, amounting to a total of $10 million with over 200 active investors. This is ideal to smooth out the interaction between investors and the projects which are launching their platform on the launchpad. There are a number of automated tools which project developers can use in exchange for crowdsourcing and fundraising processes, and many projects offer only a few ways to officially fundraise with added security for a user’s investment. What Kind of Tokens Is Driving Change? Many native tokens have their own governance and staking protocols. And OPTCM, the native token of Optimus, is the main currency for projects and investors to start on the platform. The platform supports the top three major chains: Ethereum, Binance Smart Chain and Polygon. Therefore, there’s little chance that developers will face any problems of cross-chain incompatibility. Benefits of DeFi Expansion All kinds of projects are looking to expand their launchpad to differentiate themselves from other platforms in the market. Both projects and investors can benefit from advantages when using the launchpad in different ways such as a two-way vetting system, guaranteed and dynamic allocation. For projects looking for a place to start their funding process, there are pros that Optimus Ventures can help them with. The investors’ community is a huge advantage for any endeavor seeking to create an all-in-one platform. There is no need to wander off to other platforms in search of different exposure. The community is extremely qualified and knows what they do. It is very easy to start the funding round for a project. All one has to do is fill the form and wait for approval from the community and the auditors as well. The system also prevents the rug pull strategies that many investors fear. The launchpad ensures that investors and their investments are protected in order to prevent the devaluation of a token after its initial launch. Cashing in For Investors For those looking to invest in a variety of blockchain-based projects, there are ways that can help make the process easier. Many developers sometimes easily mislead investors who intend to capitalize on the blockchain industry. To mitigate this, Optimus Ventures appoints auditors to each initiative and puts it to a vote in the community as well. No project goes live without approval from the community, ensuring the safety of the users’ funds. Any person can join the community by holding just 1,000 OPTCM — without any hassle. The launchpad is backed by a proprietary smart contract that ensures that the investment starts only when the endeavor is approved by the investors, ensuring a wide range of coverage from illicit actions. The experts who validate the project during the initial stages are known for their expertise and can provide another layer of protection for investors on the platform. How to Figure Out Which Project is Best Because of a lot of different vetting procedures, stakers and DeFi users have figured out what works and what doesn’t. For example, looking for better funding opportunities through two-way vesting for both project funds and investor tokens, allowing for open exposure. Another way is seeing if a platform has a better quality of investments via dynamic allocation of funds so that the dumpers do not have access to higher allocation of funds. Coincidentally, Optimus Ventures has different features from other platforms, especially with a lot of YouTubers already supporting the platform and has gained quite a reputation in the few days up to launch on December 15, 2021. In general, it is important that the dynamic allocation of funds that has been integrated into the launchpad is beneficial to the investors as well as projects and breeding high-quality investors, turning leads to high-quality services. The goal is to create a balance in the risk taken by investors and projects alike. There is a huge chance that when a project fails to deliver, a major portion of the funds can be saved, and Optimus Ventures help the investors minimize the damage in such cases. What is Next? In regards to raising funds, there will always be an opening for change and innovation. Through mutual audits, different types of allocation and other features, Optimus Ventures could be helping push the market ahead in terms of fundraising. Let’s find out what works best for the future of crypto fundraising so that investors can be protected regardless of the platform.

So once again, we have a "Death Cross" looming in the Bitcoin chart. This is a "bearish" indicator that occurs when the 50 day MA dips below the 200 day MA. I just want to remind everyone that these indicators don't really mean anything, and that they shouldn't be trusted. Just a few months ago…
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