After Raising $900k, HedgeUp Appears To Be Attracting Cardano And Polygon Investors
The HedgeUp (HDUP) presale is going well. So far, the presale has raised over $900,000 and is now attracting Cardano (ADA) and Polygon (MATIC) investors. Now, there are only a limited number of tokens available as HedgeUp closes in on its funding goal.
HedgeUp raises more than $800k in presale
HedgeUp’s (HDUP) highly successful presale has now crossed the $900k mark. This happened after the presale sold more than 73.5 million tokens at a discounted price of $0.013. The presale is currently in its second stage and will go on for a few more before it closes.
The funds will go towards developing the world’s first alternative assets NFT trading platform. This platform will allow people to invest in gold, jewellery, artwork, and more by buying asset-backed NFTs.
According to the HedgeUp (HDUP) team, they aim to help bridge the gap between crypto investors and alternative asset classes. This is important because, within the blockchain ecosystem, there is no way to diversify investments away from volatile crypto assets.
By making it convenient to invest in alternative assets, HedgeUp (HDUP) hopes to do just that. It will make it possible to fractionally invest in alternative assets using NFTs. This practically eliminates the financial barriers to entry as people can make investments with as low as $1.
That way, the platform will allow crypto investors to diversify into the alternative assets market within the familiar environment of Web3. This makes it an auspicious project with a high ceiling for success.
HedgeUp attracts Cardano and Polygon investors
HedgeUp’s (HDUP) successes have attracted a lot of investors. Many of these are seasoned investors with experience picking out promising projects. On-chain information shows that ADA and MATIC investors are also taking advantage of the presale to accumulate HedgeUp (HDUP).
Cardano is a blockchain protocol designed with the goal of providing a decentralized, secure, and scalable platform for smart contracts and dApps to run on. The protocol was launched in September 2017 and enjoyed a largely positive reception from investors and enthusiasts.
The protocol’s token, Cardano (ADA), has been performing relatively well considering the market conditions. It’s currently trading at $0.40. This represents a price incline of 0.72% over the last week but an increase of 3.30% over the past 30 days.
On the other hand, Polygon is a Layer 2 protocol on Ethereum. It was built as a scaling solution that increases the scalability of transactions on the Layer 1 blockchain. The protocol’s token is MATIC.
MATIC hasn’t been performing nearly as well as ADA. The token has lost 4% of its value in the past week to trade at $0.99. This price also represents a price decline of 12.3% in the past 30 days.
While things may change in the coming months, MATIC and ADA investors don’t seem to be taking any chances. This is why they are investing in HedgeUp (HDUP) in an effort to diversify their portfolios.
For more information about HedgeUp (HDUP)
|Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues.
Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company.
Why Dogecoin Price is Raising High? It is a Short-Term Bounce or a Healthy Upswing?
Dogecoin experienced enhanced volatility in the past few days as Twitter CEO, elon musk elon musk founder, ceo at tesla, spacex Elon Musk is an enthusiastic cryptocurrency believer, quivering the crypto world through his sparkling tweets. He has a complex relationship with cryptocurrencies. His tweets solely are responsible for the crypto volatility. Musk splendidly purchased $1.5 billion in the king of cryptocurrency. He was born on June 28, 1971, and is based in Pretoria, South Africa. His mother is Maye musk and his father is Errol musk, he is a South African electromechanical engineer, pilot, sailor, consultant, and property developer.
He graduated from the University of Pennsylvania, earning a bachelor’s degree in Arts and physics, and the Wharton School, earning a bachelor’s degree in science, and economics. Musk was honored by Axel Springer Award, an annual award given to remarkable personalities who are extremely innovative, build new markets and change markets, shape culture, and confront their social responsibility.
In 1995, Elon Musk and Greg Kouri founded a web software company called ZIP2. The company developed and marketed an Internet city guide for the newspaper publishing industry, with maps, directions, and yellow pages.X.com and PayPal: in 1999, he co-founded X.com which is an online financial service and email payment company. Space X: on 14, March 2002 he founded space x company which provides space transportation services.
On July 1, 2003, he founded TESLA. Tesla is an electrical vehicle and clean energy company which designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and so on. His other activities involve SolarCity and Tesla Energy, Neuralink, the boring company, Managerial style and treatment of employee Hyperloop, openAI music, and ventures. Etc. he made $165 by selling PayPal to eBay. And was first listed on the Forbes Billionaires List in 2002, with a total net worth of $2 Billion. [email protected] EntrepreneurInvestorChief Executive Officer , changed the Twitter logo to the DOGE-based logo. This amplified the token’s value, which almost surged beyond $0.1. However, no sooner than the original logo was restored, bearish sentiments coiled around the DOGE price, slashing it hard to its previous levels.
The crypto markets, after recording a notable bullish week, appear to have triggered a minor pullback. One of the important reasons could be, Elon Musk’s revealing in an interview that various U.S. government agencies have full access to Twitter users’ activity, including DMs. Soon after this, Bitcoin price dropped below $30,000 while Ethereum price continued to trade above $2000, and Dogecoin appeared to be preparing for larger price action very soon.
Also Read: Dogecoin Price Prediction 2023, 2024, 2025: Will DOGE Price Surge In To New Highs In 2023?
DOGE price soared high and also dropped equally to its previous levels in the next few days. While the market participants believed that the DOGE mania has faded away, the price has now pulled a significant leg up and appears to be poised to reach beyond $0.1 and achieve $0.11 in the next few days.
The RSI of Dogecoin may raise some concerns as it has reached the higher overbought levels wherein the possibility of a bearish pullback hover. Therefore, the price may drop back to the lower trend line, if the RSI drops and further trigger a significant upswing after undergoing a rebound. However, a drop below $0.08 may invalidate the bullish thesis while a breakout beyond $0.1 may certify a bullish breakout.
Carbon Offset Crypto Project IMPT Announces Exchange Listing After Raising $14m
It’s been another massive week for IMPT – as the platform’s developers have announced their intentions to bring forward the presale end date.
With more than $14m in funding raised in just over two months, the developers have opted to end the ultra-successful presale phase early to focus on putting the final touches on the IMPT platform.
This decision has also been taken due to several major listing announcements – which will see the IMPT token hit the market for the first time in the coming weeks.
Huge Demand Leads to Presale Ending Early
There’s no doubt that IMPT’s unique use cases have caused unprecedented investor demand – yet nobody could have anticipated the scale of this demand when the presale launched.
IMPT’s presale phase was initially scheduled to last for three separate stages. A total of 600m IMPT tokens were allocated for Stage 1, whilst 660m and 540m tokens were assigned for Stages 2 and 3, respectively.
However, the Stage 1 allocation sold out in record time, with a remarkable $1m of funding being raised in the first five days. Since Stage 1 sold out, investor demand has continued to ramp up – even though the token price has increased.
As noted earlier, more than $14m in funding has been raised since the presale commenced – which has led IMPT’s team to bring forward the presale’s end date to December 11th.
This means that potential investors only have a few more days to buy IMPT tokens at a discounted price of $0.023 before they hit the market for the first time.
Given the tremendous hype surrounding the IMPT project, the decision to acquire tokens at a low price could prove fruitful if IMPT’s upcoming exchange listings are as successful as they’re forecasted to be.
Upcoming Exchange Listings Provide Platform for Price Explosion
Often, a presale crypto’s first exchange listing can provide the foundation needed for exponential price growth – and early investors are hopeful that this is the case for IMPT.
Not long after announcing the pending conclusion of the presale phase, IMPT’s team revealed that three major exchanges would soon be listing the IMPT token.
The first of these exchanges is Uniswap – the world’s largest Ethereum-based decentralized exchange (DEX). Uniswap has a stellar reputation within the trading scene and regularly handles over $450m in daily trading volume, according to CoinMarketCap.
IMPT’s tokens will be listed on Uniswap on December 14th, marking the first time that the value of these tokens will be dictated by supply and demand. It’s this factor that’s getting investors excited – as there’s a growing belief that buying pressure could be enormous once the token goes live.
However, the upcoming Uniswap listing is just the first step in IMPT’s growth trajectory. Leading centralized exchanges (CEXs) LBank and Changelly Pro have also announced that they will list IMPT in the coming weeks.
Both exchanges handle hundreds of millions of dollars of trading volume daily and enable clients to buy, sell, and trade crypto using FIAT – ensuring IMPT trading is as accessible as possible.
The liquidity these three listings will provide looks set to launch IMPT into the stratosphere. Although the crypto market downturn is still hitting investors hard, there’s undoubtedly scope for IMPT to become the biggest IEO of 2023.
Massive $100k Giveaway Has Caught the Attention
With IMPT’s Uniswap listing set for December 14th, presale investors will be able to acquire their tokens from December 12th onwards. This involves going to IMPT’s website and connecting the crypto wallet used to buy the tokens in the first place.
However, this isn’t the only event investors need to be aware of. In order to build even more hype ahead of IMPT’s market release, the development team is hosting a massive $100k giveaway – with one lucky investor being chosen to win the entire jackpot.
IMPT’s team has made the entry requirements simple, ensuring as many people as possible are given a chance to win the grand prize. The main entry requirement is that investors must hold at least $100 worth of IMPT in their crypto wallet at the time of the draw.
Additional requirements all revolve around IMPT’s socials and community. These include:
Moreover, participants can obtain extra entries simply by sharing IMPT’s content with their friends. Although the overarching goal will be to win the $100k jackpot, participants will also be actively helping grow IMPT’s community by completing these tasks – providing a solid base for the project’s expansion..
The Exceptional Potential of the IMPT Platform
The decision to end IMPT’s presale phase early wasn’t taken lightly – yet the development team has placed great stock in IMPT’s unique use case and agenda.
For those unaware, the IMPT platform occupies a novel area of the crypto market – one specifically focused on sustainability. Although many crypto projects have become ‘greener’ in recent years, there’s still an evident lack of projects focusing on carbon credit trading.
This is where IMPT comes in, as this environmentally-friendly project aims to leverage the power of the blockchain and make carbon credits more accessible to the masses. By doing this, IMPT seeks to empower individuals and businesses to positively impact the environment.
As per IMPT’s whitepaper, the platform will primarily accomplish this by structuring carbon credits as NFTs. Since NFTs are inherently transparent and immutable, this will naturally eliminate the ‘double spend’ problem that is an unfortunate part of the current carbon credits market.
Moreover, the decision to structure these credits as NFTs makes them easily tradable using IMPT tokens. On IMPT’s marketplace, users can buy, sell, trade, and speculate on carbon credits, creating a self-sustaining ecosystem and allowing an alternative asset class to thrive.
According to ClimateTrade, the value of the voluntary carbon credit market has quadrupled since 2020 – and has topped $2bn in 2022 alone. This highlights the growing demand for these credits, with IMPT looking set to be in pole position to meet this demand.
Another exciting aspect of the IMPT project includes partnerships with world-class brands like LEGO, Amazon, and Microsoft. By shopping with these partner brands, users will earn IMPT tokens – which they can then exchange for carbon credits.
Finally, IMPT’s team will even be launching a groundbreaking sustainability-focused social media platform. This platform will score individuals and businesses based on their environmental impact – providing a clear incentive to make more eco-friendly choices.
How to Buy IMPT Tokens Today – Quick Guide
Although IMPT’s presale is set to end on December 11th, potential investors still have a few days left to buy IMPT tokens at a discounted price.
Those interested in doing so must follow the five simple steps below:
- Step 1 – Set Up a Crypto Wallet: Open a crypto wallet compatible with ERC-20 tokens. IMPT’s team recommends MetaMask for desktop users or Trust Wallet for mobile users.
- Step 2 – Obtain ETH or USDT: Buy Ether (ETH) or Tether (USDT) to fund the exchange into IMPT. Investors can acquire these digital currencies through most brokers or exchanges. Alternatively, ETH can be purchased directly through IMPT’s website using a credit/debit card in conjunction with Transak.
- Step 3 – Link Wallet to Presale: Head to IMPT’s homepage, click ‘Connect Wallet’, and follow the on-screen instructions to make the link.
- Step 4 – Buy IMPT Tokens: Choose whether to buy IMPT using ETH or USDT, enter the number of tokens to be purchased (minimum of 10), and then confirm the transaction with the wallet provider.
- Step 5 – Claim IMPT Tokens: From December 12th, presale investors will be able to claim their purchased tokens by linking their crypto wallet to the IMPT website and clicking the ‘Claim’ button.
Toon Finance Presale Trumps UNI CAKE SHIB by raising media attention all over the world
Toonie Takeover to Trump Uniswap in DEX battle royal
Toon Finance gained the name Toonie Takeover for their presale that is surpassing coins like DOGE SHIB and UNI by already raising over 3 million dollars in round one of presale.
This is huge being that the team has another 8 rounds to go, flying through phase one and racing into phase two, users and investors flock from around the world joining telegram twitter and other social media platforms for the latest news on TFT. The team is raising over 20 million USD in presale. This is most likely the largest presale of the year bringing community members together from multiple countries and backgrounds.
This is what it is all about. Community always plays a key position in these new crypto ventures, without the community the coin is nothing. Toon Finance has a wonderful community with over 20k followers and counting. Follow the squad on Twitter or Telegram for the latest updates on when they will be dropping their unique NFT project.
Toon Finance is building one of the most innovative projects by adding so many cool features to the platform. Overall Crypto Market Experts from all over the world and across the globe say this is a for sure watchlist that you will not want to miss.
How to Purchase Toon Finance
Toon Finance is so simple that a DOGE could even buy it.
First things first you must have a crypto multi chain wallet like MetaMask or TrustWallet. These are two reputable wallets that we recommend.
Once you have your wallet you will have to load it with ETH. You can easily purchase ETH using a debit card from places like Moonpay, coinbase or Kraken. Even Binance offers the same services.
Ok, now you have your ETH, you are now ready to purchase your Toonie tokens. Connect your wallet to the buy page which can be found in this link.
Once you have completed these steps you will enter the amount of TFT coins you would like to purchase in ETH. Click Buy and wait for the transaction to process on the blockchain and that is it. You are now a member of the Toonie Army. Shill on Shiller.
Toon Finance Automated Market Makers in Crypto
An automated market maker is a computer program that creates and maintains a two-sided market between a security and its derivative. The program automatically places bids and offers on the security based on predetermined rules, which results in tight spreads and high liquidity.
In the world of cryptocurrency, an automated market maker is a type of decentralized exchange that uses smart contracts to match buy and sell orders. Automated market makers are different from traditional exchanges because they don’t rely on order books. Instead, they use liquidity pools, which are collections of cryptocurrency that are managed by smart contracts.
When a trade is executed on an automated market maker, the order is matched with another order from the liquidity pool. The difference between the bid price and the ask price is then used to calculate the “taker fee.” The taker fee goes to the party who provides liquidity to the market maker.
How Automated Market Makers Work
Automated market makers use algorithms to set prices and provide liquidity. When someone wants to buy or sell a digital asset, they submit an order to an automated market maker. The order is then matched with another order from the liquidity pool, and the trade is executed.
The price of the asset is determined by the supply and demand in the liquidity pool. If there’s more demand than supply, the price will go up. If there’s more supply than demand, the price will go down.
The advantage of using an automated market maker is that it provides continuous liquidity 24/7, even when there’s no one trading. This is because there’s always at least one order in the book (the buy order from the liquidity provider).
Another advantage of using an automated market maker is that it doesn’t require a third party to hold your assets while you’re waiting for your order to be matched. This reduces counterparty risk and gives you more control over your assets.
If you’re looking for a way to trade digital assets with continuous liquidity, an automated market maker could be a good option for you.
Automated market makers use algorithms to set prices and provide liquidity, which means they can operate 24/7 without any downtime. And because they don’t rely on third parties to hold your assets, they offer a higher degree of security than traditional exchanges.
Uniswap (UNI) AMM
Uniswap is a decentralized trading protocol that has become increasingly popular in the world of cryptocurrency. The protocol is known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. In this blog post, we will provide a comprehensive overview of Uniswap, including how it works, its key features, and its potential impact on the future of cryptocurrency trading.
How Uniswap Works
Uniswap is built on the Ethereum blockchain and utilizes smart contracts to facilitate automated token trading. The protocol allows users to connect to a decentralized exchange (DEX) and trade tokens without the need for a centralized exchange or third-party broker. This makes Uniswap an attractive option for those who are seeking to avoid the high fees associated with traditional exchanges.
In order to trade on Uniswap, users must first connect their Ethereum wallet to the platform. Once connected, users can select the tokens they wish to trade and specify the amount they are willing to trade. The platform will then automatically match them with another user who is looking to trade the same amount of the same token.
The key feature that sets Uniswap apart from other DEXs is its use of liquidity pools. Liquidity pools are created when users deposit tokens into the pool in exchange for a portion of the pool’s ownership rights. These pools are used to facilitate trades on the platform and help to ensure that there is always enough liquidity available to meet user demand.
The Impact of Uniswap
Since its launch in 2018, Uniswap has quickly become one of the most popular DEXs in the cryptocurrency space. As of September 2020, the platform had over $1 billion worth of assets locked in its liquidity pools.
This rapid growth can be attributed to a number of factors, including the increasing popularity of DeFi protocols and the growing interest in alternative trading platforms that offer lower fees than traditional exchanges.
Looking ahead, it is clear that Uniswap has established itself as a major player in the world of cryptocurrency trading. With its innovative use of liquidity pools and its commitment to decentralization, Uniswap is well-positioned to continue growing in popularity in the months and years ahead.
Uniswap is a decentralized trading protocol that has become increasingly popular in recent months due to its role in facilitating automated trading of decentralized finance (DeFi) tokens. In this blog post, we provided a comprehensive overview of Uniswap, including how it works, its key features, and its potential impact on the future of cryptocurrency trading. Thanks for reading!
Toon Finance Ethereum chain PancakeSwap like platform
Toon Finance has recently been compared to the Pancakeswap which is a well known AMM DEX platform except CAKE services users on the Binance blockchain. Toon Finance is going to service the Ethereum blockchain. This is something that Eth has needed for some time now.
PancakeSwap is a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. In this article, we’ll give you a brief overview of what PancakeSwap is and how it works.
What Is PancakeSwap?
PancakeSwap is an automated market maker (AMM) built on the Binance Smart Chain (BSC). It allows users to swap BEP20 tokens with each other, providing liquidity in the process. In return for providing liquidity, users can earn fees in the form of CAKE, the native token of PancakeSwap.
How Does PancakeSwap Work?
PancakeSwap works by connecting two parties who want to trade different BEP20 tokens with each other. It does this by using a system of smart contracts to create a pool of each token being traded. For example, if someone wants to trade TOKEN A for TOKEN B, they would deposit their TOKEN A into a pool with TOKEN B. Once the trade is complete, they would receive their TOKEN B from the pool.
PancakeSwap is a popular decentralized exchange (DEX) that allows users to trade BEP20 tokens with each other. It does this by creating pools of each token being traded and connecting two parties who want to trade those tokens. In return for providing liquidity, users can earn fees in the form of CAKE, the native token of PancakeSwap.
Toon Finance surpassing DEX SHIBSWAP
In the world of cryptocurrency, there are a lot of different exchanges that you can use in order to buy, sell, or trade your assets. However, not all exchanges are created equal. Some are more user-friendly than others, some offer more features, and some have lower fees. In this blog post, we’re going to take a look at one particular exchange that has been gaining a lot of traction lately: Shiba Inus Coin DEX SHIBSWAP. We’ll discuss what it is, how it works, and why you might want to consider using it for your own crypto trading needs.
What is Shiba Inus Coin DEX SHIBSWAP?
Shiba Inus Coin DEX SHIBSWAP is a decentralized exchange (DEX) built on the Ethereum network. It allows users to buy, sell, or trade ERC-20 tokens in a trustless and permissionless manner. One of the main advantages of using a DEX is that you don’t have to worry about losing your funds to hacks or theft, as decentralized exchanges don’t hold user funds in centralized wallets.
How Does Shiba Inus Coin DEX SHIBSWAP Work?
Shiba Inus Coin DEX SHIBSWAP uses something called an Automated Market Maker (AMM) model in order to facilitate trades between users. AMMs are algorithms that automatically set prices based on supply and demand. This means that there is no need for order books or matchmaking services; all you need is an internet connection and some ETH or ERC-20 tokens in order to start trading.
Why Use Shiba Inus Coin DEX SHIBSWAP?
There are a few reasons why you might want to consider using Shiba Inus Coin DEX SHIBSWAP for your crypto trading needs. First of all, as we mentioned before, decentralized exchanges are generally considered to be much safer than their centralized counterparts since they don’t hold user funds in central wallets. This reduces the risk of hacks and theft, which have become all too common in the world of cryptocurrency.
Another advantage of using a DEX is that you don’t have to go through the process of KYC (Know Your Customer) verification in order to start trading. This is because decentralized exchanges don’t require users to create accounts; all you need is an Ethereum wallet address. This not only saves time, but also protects your privacy since you don’t have to share any personal information with the exchange.
Shiba Inus Coin DEX SHIBSWAP is a popular decentralized exchange that has been gaining a lot of traction lately due to its safety, privacy features, and ease of use. If you’re looking for an alternative to traditional centralized exchanges, then Shiba Inus Coin DEX SHIBSWAP might be worth checking out.
Overall these are all very popular and reputable platforms to use depending on which coins you want to trade. Toon Finance is a great option for the Ethereum blockchain when PancakeSwap is the Goat of the Binance network raising eyebrows back in 2020.
Here we are 2 years later and the crypto market has been shaken up once again with these blockchain developers coming out with these incredible platforms that give users multiple resources and a great community to converse with. Check these out for yourself and let us know what you think.
Twitter | Toon Finance | Telegram
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Ego Death Capital, a New Venture Capital Firm Raising $30M
Ego Death Capital, a new venture capital firm focused on the Bitcoin ecosystem, is raising $30 million for its first fund.
“When we decided to take this leap, there was a fundamental shift underway,” Ego Death partner Nico Lechuga told CoinDesk in an interview. “You had the Taproot upgrade on the Bitcoin main chain. Lightning as a scaling solution was nearing completion.”
Lechuga was referring to the fact that Lightning Labs, the developer of the Bitcoin scaling layer Lightning Network, released a test version of Taro, new software that allows Bitcoin developers to issue assets such as stablecoins on the blockchain. Taro is built on Taproot, a Bitcoin upgrade that went live late last year and provided developers with a broader toolbox to build projects.
Lechuga stated, “We were beginning to see entrepreneurs pouring into Bitcoin from not only other ecosystems but also from other disciplines – individuals from the energy area, people from the technology sphere.”
According to a regulatory filing with the U.S. Securities and Exchange Commission, the Ego Death Capital LP opened to investing on September 2, and had raised $11,425,000 toward the $30 million target from 28 investors as of September 15.
According to Lechuga, the fund’s capital came from three partners: high-net-worth individuals, family offices, and institutional investors. Once all the funds are raised, the fund intends to invest in 12 to 15 companies with average check sizes ranging from $1 million to $1.5 million. According to Lechuga, half of the fund’s capital will go toward follow-on investments in the original batch of portfolio companies.
Technically, Ego Death began investing in the fund two months before it began raising money. The company made an unspecified investment in Fedi, a mobile application run by Fedimint, a bitcoin custodian, to help the purchase of virtual currency.
Lechuga previously worked at Spencer Barnor Capital as a senior research associate at a private equity firm. Other partners in Ego Death include serial tech entrepreneur Jeff Booth and Andi Pitt, who spent many years at Goldman Sachs including a stint as vice president of trading.
The company also has a three-person advisory board: Lyn Alden Schwartzer, an investment researcher and Swan Bitcoin board member; Preston Pysh, show host and founder of “The Investors Podcast,” and Pablo Vernandez, Swan Bitcoin’s head of research and development.
Ego Death Capital gets its name from a concept popular in meditation (and psychedelics) circles, which refers to a period of self-surrender preceding a transition, in this case, the rise of Bitcoin as an abundant, accessible financial system.
Lechuga and Andi Pitt emphasized to CoinDesk the necessity of bitcoin in emerging markets. especially those with sizable populations who lack access to banking services. The Bitcoin ecosystem needs to be expanded continuously to reach those populations.
“We’re very focused on layer 3 (the application layer) and sort of layer 2.5, the infrastructure,” Pitt explained.
Was this writing helpful?
Quant Price Raising Beyond Crucial Resistance, May Reach $200 AnyTime from Now!
After a brief rally, the cryptospace has entered a correction phase as Bitcoin prices are about to drop below $19,000 for the ‘nth’ time in a row. The weak hands wait for every opportunity to extract profit, regardless of whether the jump was a minor or a major one. Hence, these weak hands are expected to be blown out in 2022, as the long-term holders could wait until the crypto goes long soon.
Amid the current retracement, Quant price continues to be among the top gainers for the day with a jump of more than 25% since the early trading hours. Moreover, the price is continuing to maintain a notable upswing, which may push the price close to the pivotal level of around $200.
Now that the ONT price has surged above $172, then it may be time to go long as predicted by one of the popular analysts, Micheal van de Poppe.
The analyst believed the asset has gained huge bullish momentum and is all set to go long as the price has surpassed $172.
On the other hand, social dominance has been rising significantly for the past six months. As per the data from Lunar crush, social activity like mentions, contributions, engagements, etc has been rising significantly.
With a rise in social activity, the Quant price has pulled a massive leg up, and moreover, the upswing is expected to continue until social dominance remains high. Therefore, during the upcoming weekend, the QNT price is expected to reach $200 and face a slight pullback. This may further induce a catapult action that may raise the price towards the upper targets soon.