Ethereum Price Analysis – ETH/USD Consolidating Below $730 123

Key Highlights

  • ETH price is struggling to gain traction and is consolidating below $730 against the US Dollar.
  • There is a broad contracting triangle forming with support at $650 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair might continue to trade in a range above $650 and with resistance at $730.

Ethereum price is moving in a range against the US Dollar and Bitcoin. ETH/USD has to move above $730 to gain traction in the near term.

Ethereum Price Range

There was a decent price action in ETH price above $600 against the US Dollar. The price traded higher above $700 on a couple of occasions, but failed to gain momentum. There were failures near $730 and $720. It recently traded as high as $730.58 from where it corrected lower. It moved below the 23.6% Fib retracement level of the last wave from the $611.11 low to $730.58 high. There was also a close below $700 and the 100 hourly simple moving average.

Later, the price recovered and settled above the 100 hourly SMA and $700. It seems like there is a broad contracting triangle forming with support at $650 on the hourly chart of ETH/USD. The pair is trading in a broad range with resistance at $730 and support above $650. An intermediate support is around the 50% Fib retracement level of the last wave from the $611.11 low to $730.58 high. On the downside, the triangle support holds a lot of importance along with the 61.8% Fib retracement level of the last wave from the $611.11 low to $730.58 high.

If the pair continues to rise toward $730, it would be interesting to see the next move. Either ETH/USD will break $730 and move higher or it will move down back toward $660.

Hourly MACD – The MACD is slightly placed in the bullish zone.

Hourly RSI – The RSI is moving higher toward the 50 level.

Major Support Level – $650

Major Resistance Level – $730

 

Charts courtesy – SimpleFX

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Klein Finance Announced the Completion of a Funding Round With Participation From KCC Chain and KuCoin-Ventures 2090

Klein Finance, a stablecoin liquidity provider and exchange platform built on KCC (Kucoin Community Chain), announced the opening of its funding program. It has already received a multi-million dollars investment from KuCoin Ventures and KCC chain.

Klein Finance is an efficient decentralized trading platform for digital assets built on KCC (Kucoin Community Chain), which aims to enable digital assets to be traded and staked for rewards in a secure and stable on-chain environment with low slippage, good depth, and low fees.

1. Klein Finance’s mixed liquidity pool, which provides a cross-market mechanism for creating stablecoins, uses a license-free trading block at the bottom that can accommodate multiple stablecoins to non-stablecoins and multiple non-stablecoins to multiple non-stablecoins.

2. Trading mining and liquidity mining will be rewarded to traders, liquidity providers and partners according to certain reward rules, working together to achieve the goal of profitable agreements.

3. Klein Finance provides a cross-market mechanism for creating stablecoins, and the underlying uses a license-free trading block that can accommodate a wide range of exchange needs.

4. The dynamic pegging approach using AMM creates liquidity for assets that are not necessarily pegged to each other in a way that is more efficient than the invariance of (m-n=λ). This creates liquidity that is 5 to10 times higher than other traditional decentralized exchange invariants, while also generating higher profits for the liquidity provider.

It is understood that Klein Finance project technology development has been largely completed and the new funds will be used for project promotion and expansion of the team size, subsequent opening of the technology and expansion of its structured products. It is reported that Klein Finance’s financing plan will continue.

TRON DAO and Other Blockchain Leaders Jointly Roll out USDD 2181

Usdd

On May 5, Justin Sun, Founder of TRON, announced on Twitter that the TRON DAO Reserve rolled out a decentralized stablecoin named USDD, which has so far been listed on Sunswap, Sun.io, Curve, Uniswap, Ellipsis, Pancakeswap, Kyberswap, etc., with an initial total supply of one hundred million. Through the cross-chain protocol BTTC, both of the circulating supply on Ethereum and BSC are near twenty million.

USDD is a decentralized algorithmic stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNBChain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar (USD) through TRX and maintains its price stability to ensure users have access to a stable and decentralized digital dollar system that guarantees financial freedom.

USDD is a cryptocurrency issued by the TRON DAO Reserve with a highly stable price and diverse use cases. It is based on TRON and pegged to the U.S. dollar at a ratio of 1:1, which means regardless of market volatility, the USDD protocol will keep USDD stable at 1: 1 against the US dollar via proper algorithms in a decentralized manner. Like other TRC-20 tokens, USDD can be traded with no brokers; it depends solely on the smart contracts on the TRON network. Being free from the control of any individual or organization makes USDD more capable of playing its role as a stablecoin. As a fast, low-fee crypto asset with a large supply and competent for cross-border transactions, USDD brings its holders tremendous benefits of the blockchain technology without the risk of volatility.

According to available information,the TRON-based decentralized stablecoin USDD was born with the mission of building a modern financial system on the blockchain. Its permissions are managed by the TRON DAO Reserve, which functions as its early custodian. Also, the TRON DAO Reserve ensures USDD’s price stability and decentralization by collateralizing this cryptocurrency with reserves. This organization aims to safeguard the overall blockchain industry and crypto market, prevent panic trading caused by financial crises, and mitigate severe and long-term economic downturns. By setting risk-free interest rates and regulating the market through liquidity provision, it is able to stabilize the exchange rates of centralized and decentralized stablecoins on TRON and other blockchains. It also intends to formulate and implement monetary and exchange rate policies, play the role of a lender of last resort to minimize systemic risks and ensure the stability of the financial market.

On April 21, TRON founder Justin Sun tweeted an open letter stating that the TRON DAO Reserve, at its initial stage, would provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry as an early-stage reserve, all of which would go to the TRON DAO Reserve in six to twelve months. The Reserve will continue to attract more liquidity assets into its reserves to better play its role as a decentralized institution.

After four years of growth, TRON has seen over 88 million on-chain users and 3 billion transactions in its ecosystem. At present, the circulating supply of TRC-20 USDT has exceeded that of ERC-20 USDT, making TRON the world’s largest stablecoin network, which boasts over $55 billion worth of financial assets, including on-chain stablecoins, and has settled and cleared $4 trillion worth of assets. In December 2021, the TRON network became fully decentralized and was restructured into the TRON DAO community, the largest decentralized autonomous organization (DAO) in the world.

At the end of 2021, Justin Sun was officially appointed by the government of Grenada as its Ambassador and Permanent Representative to the WTO and was authorized to represent Grenada at the WTO meetings during his mandate. Justin said that he would proactively promote the integration of cryptocurrencies and sovereign states to build a new financial system that is secure, efficient, and inclusive. In the meantime, he would also leverage his experience in the digital currency field for a joint response to the new challenges regarding digital transformation in the post-pandemic era.

Global Metaverse Event of Lydian. World in Dubai Opera 7th May 2022 2426

The event will take place on the 7th of May 2022 in Dubai Opera. As a first offline event of such scale where thousands of guests from all over the world will gather to become a part of Lydian.World metaverse. Guests are invited to take part in multiple business opportunities and multiple entertainment moments.

Lydian.World is a virtual game partially owned by its users which in reward for their engagement and strategy the game rewards them back in cryptocurrency. In other words, the place where you can Earn, Learn & Have fun!

If this already rings a bell for you, join Lydian.World! The metaverse brings opportunities such as: staking pools, crypto credit cards sharing their commissions, mining pools, assisted trading, NFT marketplace, a trivia game over the blockchain, a lot of airdrops & much more!

Chief Technology Officer – Alexandru Cocindau: “Do you remember the feeling of joy when your parents were gifting you a new toy? That moment when you want to play with it all day long, to discover it, to learn it! This is our day to day gift, this is our Lydian.World, and my mission is to bring the joy, the happiness and the freedom smile every day for every single player.”

The most successful and influential representatives of the crypto industry will attend in Dubai on the 7th of May. Join them all now in the https://lydian.world

Buy tickets for the event here: https://gspartners.global – Event Tickets. VIP Starting with 99 USDT / Ticket. Or you can ask for a ticket on the Telegram group: Lydian.World

Euroswap EDEX: Last Token Launch Phase Before Listing – Team Announces Exchanges for Listing 2362

The next round of the PreSale phase for EuroSwap EDEX will be the final round before the project’s first listing on a major exchange. At the launch of the Trading Season phase for EDEX token, the exchange will launch the Traders Competition event, Coinmarketcap will add EDEX to the list of tracked projects, and the European media is already preparing to discuss the main crypto event of Spring 2022. We should expect that all these factors will trigger a chain reaction of Euroswap popularity and the price of this token will fly to Europe (Jupiter’s satellite) in the first days.

Everything brilliant is simple

The major digital products of the last decade prove that all genius lies in simplicity. The Euroswap EDEX project is on par with these brilliantly simple products. How to reach millions of EU citizens and at the same time increase the popularity of the new financial phenomenon Web3.0? You just had to come up with Euroswap EDEX.

While the crypto-economy is already considered something commonplace in the world, only about 12% of Europeans have dealt with cryptocurrencies. EDEX will allow the vast majority of European citizens to easily own cryptocurrency and just as easily sell crypto assets for real money. Remember how long it took us to get used to shopping online? Euroswap will accustom Europeans to the digital economy even faster.

Euroswap EDEX is the first European cryptocurrency exchanger focused primarily on euro and crypto exchanges. To buy and sell cryptocurrency in a few clicks, Europeans will simply need to create a DEX wallet and link their bank card. The closest counterpart to the simplicity of this transaction is buying an Apple voucher or a YouTube Premium subscription.

The main operating element of this technology will be the connection of VISA-like fiat gateways. Once the EDEX method is implemented, Europeans will definitely be ahead of the world’s crypto-asset ownership statistics. It is expected that by 2024, more than 300 million EU residents will be active participants in crypto transactions. That’s about 45% compared to the current 12% and much of the credit for this statistic will go to EDEX.

Spring 2022’s most promising investment

Euroswap EDEX has become a cult project since the initial distribution of Euroswap tokens. Very soon the first investors will be able to record more than 1300% profit as soon as the token is added to a major exchange listing. Once trading begins, EDEX will increase in value many times over, as demand will exceed supply. The main reason for this is that more than 75% of Euroswap’s early investors have already added their assets to Early Staking up to 152% APY That is, these assets will not be available for trading for at least 12 months

Official sources from the EuroSwap EDEX team confirmed the final selection of the centralized exchange that will be the first to list the EDEX token. The developers chose the most promising platform for the token out of several dozen applicants. About a month ago, they announced a shortlist, where they named 3 exchanges: Gate.io, HitBTC and KuCoin. All of these exchanges have trust ratings above 90% and each has a daily turnover of at least $5,000,000,000.

Immediately after adding EDEX to the trading pairs, the exchange will start the Traders Competition – this will give a boost to the popularity of the new asset among hundreds of thousands of active traders. Large volumes of daily trades are guaranteed, which means that EDEX will literally immediately get on the Coinmarketcap list of tracked projects – millions of potential investors will see it there. Analysts predict a sharp rise in the price of EDEX right after its listing.

Prior to listing on the exchange, EDEX tokens are distributed to investors on Euroswap’s official website. The current price of EDEX token is 0.1624 BUSD (0.15 EUR) Euroswap assets can be purchased via Metamask and TrustWallet wallets or via 24-hour support in Telegram. This is the last opportunity to buy EDEX at a low price, because after the listing, traders will immediately raise the price – the demand will many times exceed the supply.

EDEX’s accomplishments before a major listing

Throughout its formative stage and the period of attracting seed investment, the EDEX project has regularly demonstrated to investors the income tools and security guarantees. From day one, the developers showed the project’s MVP to the community – it was a fully functional swap exchange for the BUSD/EDEX pair.

In early 2022, the EDEX project enabled investors to profit from investing their Euroswap assets in Early Staking. This is an early investor incentive system where they could lock in their assets for 6, 9 or 12 months with the ability to earn up to 152% APY. Each participant could choose to add assets to Staking or keep them for trading. Right now, more than 75% of EDEX holders have already locked in their tokens for 12 months and are making passive profits. The Staking option will remain available even after listing.

In January 2022, the Euroswap team commissioned an independent audit of the project from the most prestigious company in the industry, Certik. The EDEX developers also published all the results of the audit and the auditors’ comments in public sources. In addition, the team constantly publishes the project’s progress on GitHub.

The next step after the listing on the centralized exchange will be the launch of another passive income tool – Euroswap will launch a full-fledged Farming for holders of EDEX tokens. Accordingly, this means that the project will appear on one of the Decentralized Exchanges like PancakeSwap or UniSwap.

Faith Tribe Offers Its Own Native Token $FTRB to Buy Physical Fashion Wear Through Digital Mediums 2476

Optimizing the power of Web3 technology, Faith Tribe takes over the metaverse, highlighting digital fashion. The closer we look around ourselves, the more we notice how the swift rise of various industries today has been possible with the accurate use of digital mediums in their daily workings. It is time people accept and embrace the numerous features, tools, and services of the digital space to take their brands and businesses to the next level of success, advise experts. The fashion niche among them has seen some surprising growth statistics, which can now be attributed to the advanced use of the digital financial space, including crypto, NFTs, Web3, and the like, leading to Web3 fashion and coming together of luxury fashion brands with incredible NFT drops. Faith Tribe, as part of global Paris-based fashion brand Faith Connexion, is developing a cutting-edge digital platform for the creation of fashion items.

Recent news is abuzz that Faith Tribe, who’s aim is democratizing fashion in the metaverse, has made new developments by helping designers create their digital garments and spread it across the digital realm. The ambition of Faith Tribe is to empower independent creators in both the physical world and the metaverse. It will pave the path of growth and success for designers by allowing them to create their physical or digital collection, mint it as NFT’s and finally selling it on a digital fashion marketplace. The project implies the creation of $FTRB, a community coin that stands as a unified currency between the community and various components of the ecosystem.

The $FTRB token is dual-chain token on Ethereum and Polygon, audited by both Certik and Omniscia. The coin received as well the support and advices of pioneers in the industry, such as Brock Pierce, Define Labs, and CEO of NFT Technologies Mario Nawfal. Launched on February 24th on AscendEx and Uniswap, the coin soared up to 0.07$ before stabilizing around 0.05$, marking a x5 performance despite very nervous markets due to the Russian invasion of Ukraine on the same day. The coin is also ready to be listed on several top-tier exchanges soon.

Holding $FTRB will be necessary to have access to the product experience offered by Faith Tribe. Nevertheless, holding $FTRB will also allow holders to buy clothes at a discount from the Faith Tribe’s global marketplace as well as from Faith Connexion’s ecommerce store. In addition, holders will be able to contribute to the liquidity pool to support creators, vote through mass-voting program for the best garments, or finally participate in a staking program.

Faith Tribe(https://faithtribe.io/) is developing the first fully decentralized and community-owned ecosystem for the creation of fashion products, Faith Tribe has taken every step forward in the digital fashion world, allowing creators and designers to customize, design, mint, and distribute their physical and digital fashion lines and assets. Faith Tribe sponsored as well a couple of major events recently, such as NFT LA conference, AIBC in Dubai, Paris NFT Day, Metaverse Fashion Week on Decentraland and finally Latin American Fashion Summit (LAFS in Miami).

Iconic Mexican Artist Valfre Highlights The Power of Her Community With The Launch Of VALFRÉLANDIA 2402

Valfrelandia

Multidisciplinary artist known for her frenzied followers enters web3 with a PFP collection emphasizing the capabilities of art and providing tangible value for her fans.

The web3 space is rapidly expanding, but true growth comes from high-caliber work and diversity among participants. That is exactly what Ilse Valfré and her company Valfré are primed to do, as they take a confident leap into their newest world Valfrélandia with her legion of over 1 million followers.

As a young woman growing up in Tijuana, Valfré built her practice and eventual career as an artist at the beginning of the web2 movement on Tumblr where she began sharing her drawings. Upon building a following, she brought art into the online space long before the mainstream recognition of digital art, and monetized it with an empire of lifestyle products including clothing, ceramics, prints, and more, always adding value for her fanbase along the way.

Over the years, Valfré has proved time and again that her work resonates well beyond a glance. Having used her characters to create a successful lifestyle brand including clothing, ceramics, prints, and more, she has built an empire of fiercely loyal fans who feel deeply connected to her powerful feminine characters. As a Mexican woman artist, her work speaks to millions of young women searching for representation and a strong voice, making her work incredibly relatable. Now, as she takes the leap into the world of NFTs, she is once again prioritizing her ever-growing fanbase.

Following the great success of her first NFT drop on Nifty Gateway,“I Love Lucy,” she has been working around the clock and is excited to bring VALFRÉLANDIA to life. VALFRÉLANDIA is a collection of 10,000 unique NFTs that feature 15 of Valfré’s signature character types with over 500 hand-drawn traits, making the possibilities vast and ensuring rarities within the collection.

Holders of this NFT will not only get the artwork itself, but will be given the metaphorical key to an entirely new universe. With the purchase of a Valfrelandia NFT you will receive the following:

  • Exclusive Community Merch 
  • Valfrelandia Member NFT & Physical Giveaways 
  • Limited Edition Collectibles, signed prints and fine art
  • Discounts at Valfre.com & Networks of Partners 
  • Invites to IRL Art Shows & Immersive Experiences 
  • Access to community only discord channels and discussions 
  • Voting Rights for Upcoming Initiatives 
  • Special Artist & Brand Collabs

This drop is just the beginning, establishing characters and serving as a jumping off point for animation, art installations, immersive experiences, and an exclusive offering of physical collectibles. To ensure that the community-based nature remains, 5% of all proceeds generated from the NFT program will be placed in the Valfré Community Bank and used to fund charity projects that are decided on amongst members. The sky’s the limit with music, art, and culture innovations on their way!

For the first time, the Valfré-verse will be united by more than just a shared love of Ilse’s work, but an ever-evolving digital world with seemingly endless possibilities. Welcome to VALFRÉLANDIA.