Schlagwort: crypto business

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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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Is Filecoin bull run over after a surge of more than 69% in a week?

  • Filecoin’s FIL is up 69% in the last week

  • Strong fundamentals are likely the cause of the recent FOMO on FIL

  • FIL could retrace, but the price will remain elevated

Filecoin FIL/USD was trading at $9.41 as of press time. Data by Coinmarketcap shows that the total gains in the week stand at 69.35%. The percentage surge would, of course, be greater, at the weakly high of above $11. As with most bull runs, corrections are bound to happen. We believe Filecoin could correct, but investors should be keen on the token. 

Filecoin gains do not come as a surprise. The token witnessed increased social media mentions and was the center of investor buys at $6. Holon Global, a venture capital firm, previously said it had launched three crypto funds. One fund was for Filecoin’s FIL. That may have increased investor interest amid improved crypto sentiment. 

Another potential driver of Filecoin token gains was a network update. The update showed that over 1,475 projects were entering Filecoin. More than 405 organizations were also building on the network, with about 17.9 EiB total storage power. The developments could have attracted FOMO to FIL, leading to the latest gains. 

Filecoin retreats after the weekly bullish momentum

Source – TradingView

Filecoin is retracing after the latest gains. The RSI pointed to a reading of 83, indicating overbought conditions as the price surged. A series of profit-taking and dying FOMO could lead to an accelerated price correction. The next level to watch for potential buy trades is $8.0. 

Concluding thoughts

Strong fundamentals have been driving Filecoin’s surge for the past week. A potential retracement is likely as investors take profits. Focus on buying on a retracement at $8.0 if the crypto sentiment remains.

The post Is Filecoin bull run over after a surge of more than 69% in a week? appeared first on CoinJournal.

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Billionaire Steve Cohen exits investment in crypto startup Radkl: report

Steve Cohen, a hedge fund billionaire whose move to invest in crypto startup Radkl made headlines across Wall Street, has reportedly ditched the investment, according to Bloomberg.

Cohen invested in the crypto company in September last year.

Radkl still ‘well capitalised’

A Radkl spokesperson confirmed the report, the publication noted, noting that despite the exit of the founder of hedge fund firm Point 72 Asset Management, the startup remains in a good position capital-wise.

The source also claimed the quantitative trading platform, which launched its services in 2021, is still ‘well-capitalised’ and has major support from existing investors. The startup is also seeing significant growth, the report quoted the spokesperson as saying.

Radkl is a firm that sprouted off GTS, the New York Stock Exchange market maker and offers new prop trading functionality for digital assets. The platform experienced massive growth amid last year’s bull run, but like the larger crypto market, hit some lull amid the crypto winter.

Part of its growing pains include the exit of its pioneer managing director Jim Greco and three others. Jason Bell, Allan Erskine, and Beatrice O’Carroll have all exited over the past seven months.

As well as Radkl, Cohen’s other crypto investments include NFT project Recur and participation in a funding round for blockchain analytics provider Messari

The post Billionaire Steve Cohen exits investment in crypto startup Radkl: report appeared first on CoinJournal.

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CRO is up by 5% ahead of the Cronos Chain mainnet upgrade

The cryptocurrency market has been underperforming since the start of the week.

The crypto market is having a poor start to the week. The total market cap remains above $1 trillion despite the broader market losing more than 4% of its value in the last 24 hours.

Bitcoin is down from last week’s $24k high and is trading above the $22k support level. Ether maintains its price above $1,500 despite losing 6% of its value over the last 24 hours.

However, CRO, the native token of the Crypto.com exchange, is the best performer amongst the top 30 cryptocurrencies by market cap. CRO is up by more than 5% in the last 24 hours, outperforming the other major cryptocurrencies in the process. 

The primary catalyst behind CRO’s positive performance is the upcoming Cronos Chain mainnet upgrade. Crypto.com announced that it would support the Cronos mainnet upgrade, slated to take place at the height of block 3,982,500, scheduled for 3 August 2022, 02:00 UTC.

Key levels to watch

The CRO/USD 4-hour chart is bullish as the cryptocurrency has been performing well over the past few days. 

The MACD line is above the neutral zone, indicating strong bullish momentum. The 14-day relative strength index of 64 shows that CRO could enter the overbought region if the rally continues.

At press time, CRO is trading at $0.1439 per coin. If the bulls remain in charge, CRO could surge past the $0.155 resistance level before the end of the day. However, it would need the support of the broader market to breach the $0.160 resistance level in the short term.

The market is still bearish, and CRO could lose some of its gains and drop below the $0.137 support level. However, CRO should maintain its position above the second major support level at $0.1332 in the near term.

The post CRO is up by 5% ahead of the Cronos Chain mainnet upgrade appeared first on CoinJournal.

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Polkadot prediction as price slides after the recent breakout

  • Polkadot’s DOT is cooling after a 20% weekly surge

  • The cryptocurrency could slide back to $8 as most cryptocurrencies correct

  • Technical indicators suggest that bullish momentum is underway

Cryptocurrencies are taking a breather after recent recoveries. Polkadot’s DOT/USD is one such cryptocurrency, although it is much of a consolidation. At press time, DOT was marginally up 1.77% in 24 hours. However, the total gains in the week are among the highest at 20.79%. Nothing prevents a correction for DOT, but we believe the price will shoot again.

It’s a quiet year for Polkadot’s DOT. The cryptocurrency topped $55 last year but now trades at merely $8.50. With recent gains, one of the key speculations is whether DOT will reclaim its former self. We find it might, but this could take a while.

DOT has already shown the enthusiasm to climb again. It happens, thanks to turning $8, the previous resistance, into support. We see the $8 level as the reference zone for buyers. A retracement is an opportunity to buy, and it’s already happening. 

Moving average crossover suggests a bullish moment for DOT

Source – TradingView

Technically, the 14-day moving average moved above the 21-day moving average for DOT. That confirmed a bullish outlook as the price surged above the $8 resistance. Another bullish indicator is the MACD. The MACD line is yet to break below the moving average since June. That suggests that buyers accumulated DOT as it bottomed at $7.98 and are still relentless.

On a technical snapshot, DOT is bullish but could correct up to $8.0. For investors who bought at the bottom price, the token is still a hold as upside potential remains. New investors can consider buying lower.

Summary

Polkadot is bullish, but a correction is imminent. Moving averages and MACD indicators support a further rise. Investors should take advantage of a potential retracement to buy the token.

The post Polkadot prediction as price slides after the recent breakout appeared first on CoinJournal.