Kategorie: Crypto News

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Is Theta Network token now bullish after double-digit gains?

  • Theta network has been touted as a next-generation video streaming platform 
  • The network faces competition from other networks
  • Theta token has pumped 20% but remains in consolidation mode

Theta Network token THETA/USD has returned more than 20% in the past one week. The gains in the last 24 hours were 2.46% as of press time. The gains consider that THETA has been relatively subdued despite other cryptocurrencies surging. 

Theta Network promises to revolutionize video streaming through the blockchain network. By becoming the next-generation video blockchain network, Theta will rival YouTube. That was evident mid-last year when the network saw exponential growth.

This year, however, Theta has been beset with challenges. It is yet to live to the hype of being a YouTube rival. The booming metaverse applications with almost everything in virtual space have also been a threat. Protocols such as Axie Infinity have been preferred by gamers. However, once Theta proves its course, it is bound to rise. Recent gains attest to expectations of a price pump. But is the token bullish now?

Theta trapped in a consolidation zone despite latest gains

Source – TradingView

On the daily chart technical outlook, Theta token has been very stable above $1.06 support. The token has held to this key level since May. It suggests sellers’ exhaustion and the potential entry of buyers. Nonetheless, the $1.45 resistance has always taken the price back for every surge. That makes the consolidation zone a level to watch.

Moving averages and MACD indicators show a bullish momentum for THETA. Our assessment suggests that a break above $1.45 will confirm bullish momentum. Already, THETA has shown the likelihood of a breakout. Investors should watch the token over the next few days.

Summary

Although Theta token is in the consolidation zone, a potential breakout is on the cards. The token has been stable since May, and a breakout would attract more buyer interest.

The post Is Theta Network token now bullish after double-digit gains? appeared first on CoinJournal.

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Shiba Inu price update as developers tease the much-anticipated game

  • The Shiba Inu team teased the much-anticipated game known as “Shiba Eternity.”
  • The price of SHIB is still in the red despite the positive development
  • Shiba Inu faces a correction or breakout in the next few days

Shiba Inu’s SHIB/USD projected game is around the corner, although no one knows the release date. In an announcement on Tuesday, the developers revealed the name of the game as “Shiba Eternity.” The developers said they were working with Playside Studios to make the game a reality. The game will be available on Apple App Store and Google Play Store. 

Shiba Inu token is yet to respond to the positive developments. As of press time, the token was down 2.68% in the last 24 hours. It still remains in the green for the last one week after the latest gains. A snapshot of the entire crypto industry shows corrections, and Shiba was no exception. 

While the game development is positive for Shiba Inu, investors remain cautious. Shiba Inu metaverse remains a pipe dream. The community may have to wait longer for the land sale as previous milestones have been delayed. As a result, SHIB’s latest recovery has not been due to fundamentals but rather momentum. We find the price currently trapped with two potential outcomes in the next few days.

Shiba Inu holds tightly close to the resistance level

Source – TradingView

Technically, SHIB is in consolidation mode. The token has held close to the $0.000012 resistance and has resisted the decline for almost a week. At the current trading of $0.000011, SHIB remains above the 14-day and 21-day moving averages. That indicates buyers are looking at a possible breakout of $0.000012 resistance.

On the flip side, the MACD indicator shows dying bullish strength. If buyers fail to take the price higher, SHIB could slide back to the support at $0.000010.

Summary

Shiba Inu eyes a breakout of the resistance or a slide back to the consolidation zone. Investors should watch for the two likely outcomes in the next few days.

The post Shiba Inu price update as developers tease the much-anticipated game appeared first on CoinJournal.

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Interview: The future is interoperability – CEO of the Router Protocol

What blockchain will win? A common question in the world of cryptocurrency. But in truth, the future is likely one of interoperability. Certain blockchains will be bigger than others, but many will exist.

I sat down with Ram Ramachandran on the latest episode of the CoinJournal podcast to discuss this issue and more. Ram is the CEO of the Router Protocol, an infrastructure layer which aims to enable communication between blockchains.

Ram has been in crypto for the best part of a decade, meaning he has some good perspective on the recent bear turn and how it compares to what else we have seen. Previously working in the traditional capital markets, Ram even worked for the rating agency Moody’s during the Great Financial Crisis, meaning he has a unique perspective from his time at the heart of the storm.

We discuss the bear market, why Ram believes Ethereum will remain King, the current economy, inflation, interoperability, running a start-up in the current turbulent times and a lot more.

The full interview is below:

Spotify -> here

YouTube to follow shortly

 

Router Protocol Contact Details

Router Protocol website: www.routerprotocol.com

Twitter: @routerprotocol

Flagship Dapp: app.thevoyager.io/swap

Telegram: routerprotocol

Discord: here

The post Interview: The future is interoperability – CEO of the Router Protocol appeared first on CoinJournal.

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Messari acquires assets and business of fundraising database Dove Metrics

Messari will use Dove Metrics’ fundraising data to enhance real-time monitoring and transparency in the crypto fundraising ecosystem.

Messari, a leading blockchain analytics and crypto market intelligence firm, has acquired the assets and business of fundraising data platform Dove Metrics, CoinJournal has learnt from a press release.

The acquisition has allowed Messari to integrate Dove Metrics’ dashboard into its system and is set to incorporate additional functionality to make it even more beneficial to its operations, the firm said in the press release.

Dove Metrics is a platform of Blackrose Capital Management.

Bringing real-time tracking of fundraising data

According to Messari, acquiring the assets and business of Dove Metrics will boost its services and products through increased transparency, especially on data about ecosystem fundraising.

Messari Vice President of Market Intelligence, Eric Turner said tapping into Dove Metrics’ technology provides it with the capacity to offer its users the tools they need to stay informed about market trends. Among the benefits will be the ability to access real-time monitoring of which top projects being backed by investors, he added

Dove Metrics has monitored more than 8,000 investors as they participated in multiple crypto funding rounds, with data gathered including that of top venture capital funds, hedge funds, corporate funds, investment DAOs and angels.

The platform has also tracked nearly 3,000 funding rounds, with more than 300 of these being financing efforts of individual funds. The datasets also include details on 200 merger & acquisitions (M&As) in the crypto ecosystem.

Dove Metrics was co-founded by two experienced individuals in the crypto investing landscape – Regan Bozman and Pierre Chuzeville (also of early-stage crypto venture capital fund Lattice).

The post Messari acquires assets and business of fundraising database Dove Metrics appeared first on CoinJournal.

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Bitcoin is not like the rest of crypto, says Swan Bitcoin’s CEO

Cory Klippsten, the CEO of Swan Bitcoin, believes that Bitcoin is not like the rest of crypto.

Cory Klippsten, CEO at Swan Bitcoin and Partner at Bitcoiner Ventures, revealed in a recent interview that he believes Bitcoin is unlike the other cryptocurrencies. When asked about his thoughts on Bitcoin and whether it is a Ponzi scheme, Klippsten said;

“Why is Bitcoin not a Ponzi scheme? The big difference is that there is no entity or group of people that control Bitcoin who are marketing Bitcoin to be able to dump it. If anything, most Bitcoiners that promote Bitcoin are just buying and holding as much as possible — and people who love it the most are the people who never sell.”

The Swan Bitcoin CEO said he is improving his media presence to ensure that more people are not victims of events like the Terra crash and the Celsius liquidation. Klippsten said;

“When I’m out there talking to media, honestly, I think the number one message that I try to get across is that Bitcoin is not part of the crypto industry. There’s Bitcoin, and there’s other things that call themselves crypto.

It’s in the interest of crypto people to try to put Bitcoin under that umbrella. And it’s clearly in the interests of Bitcoiners in Bitcoin companies to separate Bitcoin from crypto. So that’s the message that I try to convey very clearly with every one of these outlets.

The difference between Bitcoin and other crypto assets is something that crypto publications understand, but the mainstream press? They’re blown away — they thought all crypto people are basically crypto bros trying to grift.”

The collapse of Terra’s UST stablecoin shed another bad light on algorithmic stablecoins. Klippsten said it is very hard for a decentralised algorithmic stablecoin to maintain its peg against the US Dollars. He said;

“Well, there are two different stablecoins: collateralised and uncollateralised. You can’t have a decentralised, algorithmic stablecoin maintain a peg. You need to have a centralised team conducting market operations, else you will just not be able to maintain the peg in times of stress.

This is something the Basis team discovered in 2018 ⏤ , and they were way smarter than Do Kwon or anybody else like at Tron or whatever working on stablecoins today. Basis realised that this stablecoin thing couldn’t be anything other than a security. So they decided to refund the investors’ money.”

Bitcoin is trading above $23k after performing well over the past few weeks.

The post Bitcoin is not like the rest of crypto, says Swan Bitcoin’s CEO appeared first on CoinJournal.