Ethereum Price Weekly Analysis – ETH/USD Remains Supported 146

Key Highlights

  • ETH price moved to and fro above the $250 level this past week against the US Dollar.
  • There is a crucial ascending channel forming with support at $282 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • The pair might correct a few points towards $285-280, but it remains supported on the downside.

Ethereum price is slowly moving higher against the US Dollar, but declined versus Bitcoin. ETH/USD is showing positive signs, but buyers need to gain pace.

Ethereum Price Rise

There were a few swing moves in ETH price above $250 against the US Dollar. The price faced heavy offers and declined on the a few occasions from $305 and $310. However, one positive sign is the fact that the price remains in the bullish zone above $250 and the 100 simple moving average (H4). At the moment, there is a crucial ascending channel forming with support at $282 on the 4-hours chart of ETH/USD.

The channel support is also near the 100 simple moving average (H4) at $282.00. Therefore, the $282 level is very important. A break below the channel support at $282-280 and the 100 SMA might push the pair further lower. More importantly, the channel support is also near the 50% Fib retracement level of the last wave from the $250.73 low to $311.45 high.

An intermediate support is near $288 and the 38.2% Fib retracement level of the last wave from the $250.73 low to $311.45 high. On the upside, the channel resistance is near $315.00. Before $315, the recent high at $311 might act as a resistance. Overall, buying dips towards the channel support or $288 might be considered as long as the price is above the 100 SMA (H4).

4-hours MACD – The MACD is slightly in the bullish zone.

4-hours RSI – The RSI is holding the 50 level.

Major Support Level – $282

Major Resistance Level – $315

 

Charts courtesy – SimpleFX

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Hover is Ready to Launch Its Public Sale on the DAO Maker 4754

Hover, the non-custodial lending and borrowing protocol from the Kava ecosystem, will launch its public sale on DAO Maker on February 14th. The market launch and the public sale follow the success of Hover’s increasing APY Genesis Pools sprint that runs from November 2023 through February 2024 and generated over 15.3M USD total value locked across $KAVA, $ATOM, and $USDt pools. Hover announced that those who deposit to their Genesis Pools before the market launch on February 21st will keep receiving increased APY for 4 more weeks – until March 18th.

With over 100 successful projects and $42 million raised in its portfolio, DAO Maker is a leader in launching and accelerating web3 startups. Hover’s launch on DAO Maker proves that Hover is in for the long-term game, committing to building trustworthy DeFi solutions. This milestone follows multiple audits and security checks Hover and its partners have undergone to build a secure and reliable platform. As a result, DAO Maker opens Hover to a much broader audience beyond the Kava ecosystem.

“The interest and support of Hover’s Genesis Pools have far exceeded our expectations and given the Hover community an appetite for a successful public sale,” said Aileen Dauz, Core Contributor at Hover. “Launching on DAO Maker is a strategic decision that hopes to bring more trusted partners and supporters looking for long-term DeFi solutions. Through Hover’s public launch, we pledge to build an institutional-grade, secure, and inclusive DeFi solution for everyone.”

The public sale of Hover’s native $HOV token, constituting 3.6% of $HOV’s total supply, is an invitation for the public to benefit from the unique tokenomics model built by Hover. Unlike numerous non-custodial lending and borrowing platforms, where traders typically seek the most advantageous deals, Hover provides a more balanced and user-centric experience. Hover’s tokenomics model rewards user loyalty and offers eight tiers of benefits, such as liquidation and borrowing rebates based on the amount of $HOV staked.

“DAO Maker strives to work with projects that make DeFi more accessible and secure, which is the essence of Hover,” said Chris Zaknun, Founder of DAO Maker. “We are excited to accelerate Hover by launching $HOV on our platform as we see the potential for this project in Kava and beyond.”

Hover aims to raise 1M USD through the public sale, while the team has teased plans for the platform’s further expansion in DeFi along with more rewards and loyalty programs for the most engaged users. Both the public sale and deposits to Hover Genesis Pools will close on February 20th.

About Hover

Hover is a revolutionary liquidity market on Kava that facilitates the lending and borrowing of digital assets. With an innovative tokenomics model, 24/7 risk management, and a rewards program to directly benefit its users, Hover empowers retail users and institutions alike to fly into the next generation of DeFi.

Learn more at hover.market.

About DAO Maker

DAO Maker aims to redefine Venture capital by making it accessible to the masses. It develops next-generation digital financial solutions trusted by more than 1M users worldwide and is the Best launchpad with the most KYC-ed users.

Learn more at app.daomaker.com.

Aptos Ecosystem Summit Marks Historic Global Gathering for Web3 Innovation and Collaboration 5546

First-of-its-kind summit, hosted by Aptos Foundation, featured dedicated sessions with Aptos’ contributors, along with insights from 50+ builders, supporters, and investors from across the Aptos ecosystem

The Aptos Ecosystem Summit, a first-of-its-kind event hosted by Aptos Foundation and aimed at uplifting the Aptos ecosystem held in January, drew a remarkable attendance of Aptos ecosystem projects, protocols, builders, and investors.

The week-long event built around setting up Aptos Ecosystem projects, protocols, and builders for success highlighted achievements, unveiled news, and delivered best practices offered by 15+ countries, 32 projects, and 50+ investors from 26 firms. On the sidelines of the agenda, 122 one on one conversations took place. These 1:1 interactions between Ecosystem leaders and Aptos Foundation representatives allowed for in-depth discussions, hands-on support, and the sharing of specific insights related to engineering, marketing, product development, legal, and more.

Close to 75% of attendees flew in from outside of the United States for hands-on, full-service, and in-person go-to-market support; underscoring the global impact and reach of the Aptos ecosystem. In all, attendees spent a total of 580+ hours collectively in transit to partake in this monumental and global gathering. The international representation not only highlighted the ecosystem’s global influence but also emphasized the Ecosystem Summit’s significance as a platform for showcasing technical collaboration and innovation made possible by Move on Aptos on a global scale.

The momentum showcased during the Ecosystem Summit was evident on-chain as well. According to data from Flipside Crypto, the highest number of active users on Aptos (178K) was achieved on January 24th—coinciding with the Ecosystem Summit taking place.

In addition to ecosystem leaders and representatives, the summit program included sessions run by 30+ leaders representing Aptos Foundation. This type of engagement underscored the Aptos Foundation’s commitment to providing comprehensive support and resources for the development and growth of projects within the Aptos ecosystem.

In addition to sessions and meetups, attendees took Aptos Foundation representatives’ up on their offers to chat through everything Move, Aptos, and GTM (product, marketing, design, etc.).

Bashar Lazaar, Head of Grants & Ecosystem, Aptos Foundation, reflected: “The Aptos Foundation team’s planning efforts were instantly validated by both the spirited participation from ecosystem projects, builders, and investors, as well as record engagement numbers coming out of January’s event showcasing momentum that will take us through 2024 and beyond.”

Reflecting on the success of the summit, Alix Musset, Ecosystem Lead, Aptos Labs, stated, “The Aptos Ecosystem offers several examples of successful Web3 applications and data integrations across industries from finance to gaming to entertainment to social media to commerce. It’s clearer than ever that the future of the internet is being built on Aptos.”

About Aptos Foundation

Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Learn more at: https://www.aptosfoundation.org.

About Aptos Network

Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards.

Common Wealth Announces the Launch of the World’s First Free VC Fund 6112

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8 February 2024 [Lisbon, Portugal]: Common Wealth, the powerful, all-in-one platform for early-stage Web3 investments, today announces the launch of a world-first initiative: a Free “earn-to-own” VC Fund. This launch represents a completely novel fusion of community-driven Web3 principles with the sophistication of venture capital investment. The initiative will see Common Wealth’s first fund opening up the venture capital sector to the masses, ensuring that the power of early-stage access in Web3 is now in the hands of the community it serves.

The Free VC Fund is designed to elevate the spirit of Web3 at a time when the retail crypto community is mobilising against unfair launch practices. By providing access at the same stage as VCs and other privileged groups, Common Wealth aims to level the playing field in the sector. Leveraging its strong backing by key opinion leaders with a collective social reach of over 12 million, Common Wealth is set to shock the industry with a host of world firsts – the first-ever totally free, no management fees, always liquid, and fully on-chain Venture Fund.

The Free VC Fund comprises an estimated $2.4 million worth of allocations across 15 of the most promising unlaunched projects in Web3 (including Common Wealth!), to be made available to early supporters through an interactive and engaging gamification system.

The starring projects, referred by the All Street Oracles, and that will make up the Free Fund are as follows; Analog, Asymmetry, BLOCKLORDS, Chirp, Cookie3, Diamond Swap, DYOR Exchange, FairSide, Mangata Finance, Mavryk, Nibiru, Nyan Heroes, OP Games, and Rabbet.

The Free Fund will be fully airdropped as “Slices” (fund NFTs) to the winners of a 3 week campaign, starting in around 2 weeks time. Each Free Fund Slice will appear in their wallets as completely non-fungible and immutable proof of ownership, which can be split, transferred, traded at the discretion of the holder. This feature-set is another first and further cementing the innovation behind this new decentralised infrastructure.

The campaign prizes are:

  • Top 10 recipients receive $10,000 slices each. 
  • The next 50 recipients receive $5,000 slices each. 
  • The next 1,000 recipients receive $1,000 slices each. 
  • Runner-ups share ~$1 million in $WLTH tokens.

The Common Wealth Genesis 1 & 2 NFT holders and Beta Testers will receive additional rewards, granting them a competitive edge as a thank-you for their pivotal role in the platform’s beta phase.

Participation is free and open to everyone* to complete specific off-chain and on-chain tasks related to each project in the fund. Progress will be tracked with a Leaderboard, and notably, every verified participant who has completed the minimum tasks will be rewarded.

The custom mechanics will see participants complete various missions, organised into 5 Quests across different social channels. Each project features five Quests, one for each major social media platform, with each Quest comprising three or more Missions. Completion of these Missions earns participants XP points, with bonus rewards for finishing all Missions within a Quest. The ultimate incentive is reserved for those who complete all Quests for a project, offering them a significant XP boost. Automated and manual verifications will provide legitimacy and ensure the transparency and accountability central to Web3.

The Free VC Fund initiative will begin on Wednesday, February 21st, 2024, and will span three weeks, ending with a verification phase**. A total of 1,060 winners will see the prizes air-dropped to their wallets when the app goes live on zkSync ERA mainnet before 8th April 2024. The winners of the $WLTH airdrop will receive their full airdrop at TGE (week commencing 8th April 2024).

Post-launch, the Free Fund will function similarly to all others coming to the Common Wealth app, where a permissionless system will run the investment processes and provide the owners of the slices with their proceeds until the fund is fully vested. Throughout the fund lifecycle, the app will continue to reward education and engagement across the Common Wealth ecosystem.

About Common Wealth

Common Wealth is a powerful, all-in-one platform for early-stage Web3 investments — providing an all-access pass for retail investors to take control of their financial future. It aims to disrupt, scale and optimise the traditional venture capital investment model using Web3 principles and blockchain technology.

By opening up access to the 99%, Common Wealth incentivises better standards of investment and investor education with crowd-sourced wisdom and scalable due diligence.

Follow Common Wealth: https://twitter.com/joincommonwlth
Website: https://joincommonwealth.xyz/
Telegram: https://t.me/commonwealth_chat

Press Contact:

[email protected]

* Participation in the Common Wealth promotion requires a registered profile and completion of at least 3 missions per project for leaderboard eligibility. Proof of mission completion may be requested, and all entries are subject to verification by the team. Only the highest XP scores can win, with entrants eligible for a single prize across all tiers. Tier 1 and 2 winners are excluded from the TGE airdrop. In the event of score ties, algorithmic tie-breakers will be applied. Judges’ decisions are final. Geographical restrictions may apply.

** Common Wealth reserves the right to extend the campaign at its discretion.

Dypius Enables Secure Cross-Chain NFT Transfers for CAWS and World of Dypians with Chainlink CCIP 5917

Dypius has integrated Chainlink CCIP — the highest standard for safe cross-chain interoperability in the Web3 industry – to enable seamless NFT transfers across the Ethereum, BNB Chain, Avalanche, and Base mainnets. Owners of Cats and Watches Society (CAWS) and World of Dypians (WOD) land NFTs can now securely move their assets across these blockchains, enjoying an enhanced user experience and driving the platform’s growth.

The CCIP interoperability solution is only one of the several Chainlink services that Dypius has integrated in recent years. This movement aligns with the platform’s goals to provide highly secure Web3 products and revolutionize the NFT landscape. Its continuous growth and recent updates show that Dypius is among the most innovative projects in the blockchain sphere.

How Chainlink CCIP Helps Dypius Grow

Chainlink is a world-class decentralized computing platform servicing financial institutions, startups, and developers while ensuring the utmost security for cross-chain interoperability, off-chain computation, and real-world data. The company has enabled financial institutions with $9 trillion in transactions to date – a proven track record of reliability and security that convinced Dypius to choose it as its primary interoperability solution.

CCIP is a continuously improving mechanism with a scalable architecture that allows developers to easily build custom chain-specific integrations and interact with any blockchain network via a user-friendly interface.

One of CCIP’s standout features is the backup from the Risk Management Network — a separate, independent network continually monitoring and verifying cross-chain operations. Its role is to add an extra layer of protection against the vulnerabilities of the cross-chain infrastructure.

Future updates to CCIP will benefit Dypius and its users, who won’t have to pay the switching costs if new cross-chain functionalities become necessary. This way, Dypius ensures its NFT owners enjoy ever-increasing security and efficiency without reducing quality or affordability.

Dypius has integrated several Chainlink services besides CCIP in recent years. In 2021, the platform integrated Chainlink Price Feeds into the Dypius ecosystem to help secure decentralized ETH and BNB price data. This movement supports access to real-time asset prices directly on-chain and thus ensures reliable and secure rewards data.

Incorporating Chainlink VRF & Automation helped Dypius deliver a unique and unpredictable gaming experience within World of Dypians while increasing data quality and performance.

Integrating CCIP will help Dypius users engage in seamless interactions and transfers across some of the most used blockchain networks. The platform should become more efficient and secure while growing and diversifying its user base.

Exploring the World of Dypians NFT Bridge

World of Dypians (WoD) is one of the most versatile metaverse platforms currently developing in the emerging Web3 space. This boundless multiplayer online role-playing game provides a unique, immersive experience in a virtual world that combines AI, high-quality graphics, and engaging gameplay.

The game welcomes NFT collectors and crypto enthusiasts to collect, use, and transfer CAWS or World of Dypians Land NFTs via the NFT Bridge – a dedicated page on the WOD website.

Users can initiate the transfer by connecting their wallet and choosing a bridge route between popular networks, such as Ethereum, BNB Chain, Avalanche, and Base Network. Next, they must select the NFT they wish to bridge and complete the NFT transfer, which sends the NFT automatically to the wallet in the destination chain.

Using the NFT Bridge on World of Dypians is quick and easy, even for first-time users. Moreover, it is secured by advanced protection standards, enabling seamless and efficient NFT transfers without any hassle.

The Steady Rise of Dypius

Dypius is one of the fastest advancing projects with a growing DeFi ecosystem incorporating secure and efficient products and services in Web3.

The platform is building World of Dypians (WoD) into a standout presence among platforms supporting NFT development. The game caters to regular gamers and businesses in the crypto industry and beyond. Its growth has attracted important partnerships with some of the industry’s leaders. Numerous major brands are already featured with dedicated spaces in the World of Dypians metaverse, including Chainlink, CoinMarketCap, BNB Chain, CoinGecko, KuCoin, Avalanche, Coin98, Conflux Network, Gate.io, MEXC Global, and Easy2Stake.

In 2023, World of Dypians completed key milestones, such as the game’s listing on Epic Games, launching a closed demo for its multiplayer mode, and setting new standards for AI-powered virtual universes. Moreover, the game became a legally recognized entity at the start of 2024, proving its commitment to transparency and structural growth.

Dypius is advancing on several fronts within its DeFi ecosystem. For example, its native token, DYP v2, is now supported by Trust Wallet and Coinbase Wallet, two of the industry’s top solutions for storing and managing cryptocurrencies.

Furthermore, the platform launched an exclusive beta testing program for its upcoming mobile app, inviting Dypians everywhere to become beta testers. Anyone can play a decisive role in shaping the app’s user experience by trying new features or revealing bugs.

Dypius caters to both crypto beginners and experts with versatile solutions, including analytical DYP Tools, DeFi solutions, CAWS NFTs, and Metaverse gaming. The project runs on unique smart contracts using the protocol’s proprietary anti-manipulation functionality.

Layer3 Blockchain Orbs Announces V4 Upgrade to Meet Growing Industry Adoption 5963

Trailblazing blockchain infrastructure project Orbs has announced the development of the next major iteration of its Network protocol, Orbs V4. Described as a substantial upgrade, V4 is designed to enhance the efficiency and robustness of Orbs’ Layer3 technology, preparing the network for an expected surge in already-growing demand and usage in 2024.

As decentralized applications increasingly integrate Orbs’ products, the need for a more advanced network has become apparent. Orbs V4 is set to address this pressing need by focusing on a raft of key node upgrades, ensuring Orbs remains at the forefront of blockchain technology and equipped to handle the next wave of L3 adoption.

“The evolution to Orbs V4 marks a pivotal moment in our journey,” said Nadav Shemesh, CEO of Orbs. “This upgrade is not just about scaling up; it’s about setting a new standard in L3 infrastructure, ensuring we stay ahead of the curve in this ever-evolving space.”

V4 arrives two years after the introduction of its predecessor Orbs 3.0, which showcased the venture’s novel L3 architecture. The launch of two execution services, Orbs Lambda and Orbs VM, meanwhile, allowed devs to extend smart contracts with L3 decentralized backend services executed by Orbs Guardians, reducing projects’ dependence on centralized backend solutions.

The latest iteration of the Orbs Network protocol has been in the works for some time and will benefit from more efficient node implementation and other necessary upgrades. These will include Layer3 scaling enhancements, improvements in uptime, an upgraded L3 Activity dashboard to track Orbs-powered protocols, and a revamped Tetra staking wallet.

To facilitate more frequent upgrades, the existing manual rollout process for Guardian nodes will be automated while Orbs will move away from AWS-centric deployment to support a wider range of hardware and increase decentralization.

Technical barriers facing node operators will also be reduced in V4 as the Orbs node installer CLI will be replaced. Moreover, the auditability of the Orbs core orchestrator will be improved.

The entire Orbs team is eager to collaborate with Orbs Guardians, major stakeholders, and the wider community to bring its vision for V4 to fruition and to further solidify its position as an innovator in the Web3 sector.

About Orbs

Orbs is a Layer-3 public blockchain infrastructure project, conceived as a decentralized execution layer operating between existing L1/L2 solutions and the application layer. Executed by a secure network of permissionless validators, Orbs utilizes Proof-of-Stake and improves the existing capabilities of smart contracts on both EVM and non-EVM chains.

Curtain Fell: Ideal Cooperation Blockchain (ICB) Presents Advanced Blockchain Network at ICO Level 6362

ICB Crypto Services eagerly announces the initiation of Ideal Cooperation Blockchain (ICB), a prominent venture introduced by ICB Labs. After its recent inception a few years ago, ICB Labs is going to organize an official launch of the blockchain network at the ICO level in Q1 2024, setting new standards within the blockchain industry.

Ideal Cooperation Blockchain network, also known as ICBX, is a promising project focusing on smart contracts and intermediary-free transactions. Addressing the reported troubles and issues found in other blockchains, the ICB blockchain’s foundational layer introduces significant changes, enhancing efficiency and rapid responsiveness.

Brief Description

The PoS Consensus Algorithm in ICBX offers an innovative method for verification and block formation, implementing advanced technologies to increase network performance and trust. CertiK, a leading security-focused ranking platform, has officially approved the ICB project, affirming the measures and precautions taken.

ICB Network’s blockchain bonding mechanism allows participants to lock their tokens as collateral, showcasing commitment and enthusiasm towards supporting decentralized applications within the network.

The democratic governance model within ICB empowers token holders to participate in network decision-making, boosting transparency and active engagement.

Efficient Technical Solutions

ICB Network’s compatibility with the Ethereum Virtual Machine (EVM) empowers developers to create smart contracts securely and efficiently. Adherence to standards like ERC-20, ERC-721, and ERC-1155 ensures accurate smart contract definition and interaction with other EVM applications.

ICB Scan, an explorer within the ICB network, enhances transparency with open-source features, precise transaction tracking, and contract details checking. The ICBX project’s testnet phase and DAO implementation contribute to sustainable and secure development.

About ICB

Established in October 2020, ICB Labs marks the company’s breakthrough into the blockchain industry. With a mission to provide quick, affordable, and advanced blockchain technology, ICB is going to enrich the industry and restore trust through crypto’s potential.

ICB’s ecosystem, ICB NETWORK BIT, is part of a wider interconnected system, aiming to deliver the best possible experience. The ICB token serves as a versatile digital currency, facilitating transactions, network governance, and incentivizing active participation.

Ideal Cooperation Blockchain (ICB) possesses winning features, modern technologies, and commitment to efficiency and security. The launch at the ICO stage will definitely contribute to blockchain development, promising transparency, accessibility, and trust within the ICB ecosystem.

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For more information, visit the official website at https://www.icb.network/ or check the latest news via the channels specified below:

Twitter: https://twitter.com/icbxnetwork
Telegram: https://t.me/icbnetwork_official
Medium: https://readicbnetwork.medium.com/
Linktree: https://linktr.ee/icbnetwork