Monat: Juli 2022

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Fantom aims for $0.43 as the price suddenly turns bullish at a key level

  • Fantom token FTM pushes above resistance

  • The blockchain could be borrowing gains from leader Ethereum

  • FTM is a buy at the low prices as the price turns bullish

There is no better time to invest in Fantom FTM/USD tokens than now. That emanates from the fact that FTM has left a trail of $0.28, which is its bottom price. Of course, there is a long way to go as FTM trades a shell of itself from its all-time high.

Fundamentally, Fantom is benefiting from the boosts in the crypto sector. Owing to its depressed prices, investors could be taking advantage. The cryptocurrency trades at a low of only $0.33. That is significantly below the all-time high of above $3.5 last year. Investors could be scooping the dip for a chance to ride higher.

Besides, Fantom investors see opportunities in layer-1 protocols for smart contracts. History has shown that whenever the price of ETH rises, alternative layers such as Fantom gain. Investors view the alternative layer-1 protocols as the best Ethereum alternatives. They offer faster speeds and carry lower transaction costs. Thus, the gains in Ethereum could be spilling over to protocols such as Fantom.

FTM blasts past a resistance level to establish a new support

Source – TradingView

Technically, FTM is very bullish after overcoming the $0.28 resistance. MACD indicators are bullish too. The cryptocurrency now trades at $0.33. The price is yet to reach another major resistance which is at $0.43.

Investors can buy at the current price level or take advantage of a minor retracement. However, we believe FTM is attractively priced, and investors can scoop the token now.

Summary

Investors’ attention is turning to FTM due to its smart contract functionality. The cryptocurrency is attractively priced and is a buy after a key breakout.

The post Fantom aims for $0.43 as the price suddenly turns bullish at a key level appeared first on CoinJournal.

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Should you buy BNB after breakout from an ascending triangle?

  • Binance crypto exchange has remained stable in the market crash

  • Its token BNB has broken past an ascending triangle

  • We recommend buying BNB on a retracement.

Binance coin BNB/USD is strongly bullish as most cryptocurrencies show up. At a price of $262, BNB is past $243, which previously acted as a resistance. We explore more whether BNB is worth buying for the short and long term.

BNB is the native token of the world’s leading crypto exchange Binance. The crypto exchange remains unchallenged at the top spot. Despite a strong bear crypto sector, Binance showed strengths. A few weeks ago, it announced that it sought to fill at least 2,000 positions. That happened despite most crypto exchanges scaling down operations. 

Binance continues to attract regulatory scrutiny owing to its opaque operations. Users have nothing to worry about as Binance continues to be welcomed in major jurisdictions. The crypto-friendly Abu Dhabi is one that granted Binance an in-principle operation license. Due to these fundamentals, the BNB token has a good future and is a good cryptocurrency to invest in. The key question is, should you buy in BNB now?

BNB breakout occurs at the key $243 level

Source – TradingView

$243 was a highly watched level for BNB. This was after rejecting price severally, resulting in the formation of an ascending triangle. Following the recent gains, BNB has breached the resistance and is going higher. The reference bottom is now at $243.

We think you should buy BNB on a retracement. At $263, BNB has met a minor resistance and could correct lower. The retracement would offer a chance to buy and ride up to the next level at $288. After that, BNB could rise to $324.

Summary

BNB has confirmed a bullish momentum after a breakout from an ascending triangle. The cryptocurrency should be bought on a retracement as the price tests a minor resistance.

The post Should you buy BNB after breakout from an ascending triangle? appeared first on CoinJournal.

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Blockchain security startup Halborn raises $90 million in Series A round

The Series A funding round was led by Summit Partners, with participation from Castle Island Ventures, Digital Currency Group and Sky Vision Capital among others.

Halborn, a blockchain security startup based in Miami, has secured $90 million from investors in its series A funding round, Bloomberg reported on Tuesday.

The firm, whose core services include security advisory, advanced penetration testing and smart contracts audit, said the funding round was led by Summit Partners.

Other participants included Castle Island Ventures, Digital Currency Group, Third Prime, Sky Vision Capital, Fenwick and Brevan Howard.  The startup did not provide a valuation.

Security focus despite crypto winter

Halborn’s financing comes amid a crypto winter that has prices of Bitcoin and other cryptocurrencies battered and a market environment that has seen several companies crash due to contagion.

But while the outlook for many crypto companies hinges on the market trajectory, it’s almost business as usual for Halborn. According to the firm’s CEO Rob Behnke, focusing on cybersecurity has helped the startup stay buoyant as price “has nothing to do with [its] business.”

He noted that their main motivation is growth for the industry, with security critical as bad actors continue to search for vulnerabilities and ways to steal crypto.

The backdrop to this is an increased demand for cybersecurity services, Behnke added.

Halborn, which was founded in 2019, has grown its employee numbers to 100 and collaborates with top crypto companies including Coinbase and Solana on risk assessment and platform security.

The company also counts global tech giant Amazon, investment banking firm BNY Mellon and sportswear behemoth Nike among those it advises.

The post Blockchain security startup Halborn raises $90 million in Series A round appeared first on CoinJournal.