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NANO Reaches New Highs Despite Market Correction

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Despite a sharp bitcoin (BTC) drop, nano (NANO) has increased by more than 40%, in the last 24 hours.

NANO is attempting to reclaim the $13 area and validate it as support. This would confirm that the trend is bullish and the token is heading for new highs.

New NANO all-time high

NANO reached a new all-time high of $17.70, on May 13. However, it immediately decreased, and has created a long upper wick of 26%, at the time of writing.

Currently, it is trading just inside the $13 area, which acted as the daily closing price of the previous all-time high, on April 17. Whether the area gets reclaimed, hence validated as support, or the price gets rejected will be an important determinant of whether the trend is bullish or bearish.

Technical indicators in the daily time-frame are bullish. The Stochastic Oscillator has made a bullish cross (green). The RSI is close to crossing above 70 and the MACD is increasing.

Therefore, it is more likely that NANO validates the $13 area as support and continues to move upwards.

If so, the next resistance areas would be located at $19.45 and $27.64, respectively. They are found by using an external Fib retracement on the most recent drop.

NANO All-Time High
Chart By TradingView

Short-term movement

A look at the short-term movement shows that NANO has broken out from a descending resistance line, further supporting the hypothesis that the trend is bullish. 

In addition, the previously outlined horizontal support area coincides with the 0.5 Fib retracement support level, increasing its significance.

Therefore, it is probable that the token finds support near this level before continuing upwards.

NANO Short-Term
Chart By TradingView

To conclude, whether NANO reclaims or gets rejected by the $13 level, will be an important determinant of the direction of the future trend. The price action and indicator readings suggest that it will probably be successful in doing so.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/nano-reaches-highs-despite-market-correction/

Blockchain

NGRAVE Crypto Wallet to Extend Support to NFTs for Higher Security

NGRAVE, the manufacturer of cold crypto wallet has given a hint in its recent tweet that it may start supporting NFTs very soon.

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NGRAVE, the manufacturer of cold wallets has given a hint in its recent tweet that it may start supporting NFTs very soon. The uprise in the trend of Defi has given rise to the non-fungible tokens, NFTs, a hysteria for digital collectibles which came up as a segment of the surge in Defis. 

Crypto Wallet Manufacturer NGRAVE Plans For NFTs Acceptance 

It has been recently revealed that the average number of sales of these tokens has witnessed a significant rise from around 21,815 per day back in the month of January to 82,373 per day in the month of May 2021.

NGRAVE has recently claimed that the feature is about to go live soon and the rise in the demand for non-fungible tokens (NFTs) and crypto-assets has added to the number of theft acts and hacks involving the NFTs.

In addition to this, it should be noted that it is more necessary now than ever to add security to the crypto assets in the safest way possible.

This recent move from NGRAVE is going to be appreciably received across the crypto community 

Also, it should be known that the acceptance of NFTs by NGRAVE will come as a blessing for the users that are fond of collecting NFTs and it is not possible for anyone to hack and steal anyone’s collection.

Providing Security For Digital Assets

Earlier there have been cases with the users regarding the intrusion in their hot wallets and stealing of their assets. 

Well, it is high time that we acknowledge the fact that the wallets provided by crypto exchanges and hot wallets are prone to cyber-attacks and are not at all secure.

Hence, the best possible way for anyone to take care of his collectibles is to store them in a non-custodial cold wallet as it remains offline and provides ultimate security.

READ  Akoin White Paper Published by The Rapper Akon

#Crypto Wallet #NFTs #Ngrave

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/ngrave-crypto-wallet-to-extend-support-to-nfts-for-higher-security

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Blockchain

NGRAVE Crypto Wallet to Extend Support to NFTs for Higher Security

NGRAVE, the manufacturer of cold crypto wallet has given a hint in its recent tweet that it may start supporting NFTs very soon.

Published

on

Table of Contents

Rate this post

NGRAVE, the manufacturer of cold wallets has given a hint in its recent tweet that it may start supporting NFTs very soon. The uprise in the trend of Defi has given rise to the non-fungible tokens, NFTs, a hysteria for digital collectibles which came up as a segment of the surge in Defis. 

Crypto Wallet Manufacturer NGRAVE Plans For NFTs Acceptance 

It has been recently revealed that the average number of sales of these tokens has witnessed a significant rise from around 21,815 per day back in the month of January to 82,373 per day in the month of May 2021.

NGRAVE has recently claimed that the feature is about to go live soon and the rise in the demand for non-fungible tokens (NFTs) and crypto-assets has added to the number of theft acts and hacks involving the NFTs.

In addition to this, it should be noted that it is more necessary now than ever to add security to the crypto assets in the safest way possible.

This recent move from NGRAVE is going to be appreciably received across the crypto community 

Also, it should be known that the acceptance of NFTs by NGRAVE will come as a blessing for the users that are fond of collecting NFTs and it is not possible for anyone to hack and steal anyone’s collection.

Providing Security For Digital Assets

Earlier there have been cases with the users regarding the intrusion in their hot wallets and stealing of their assets. 

Well, it is high time that we acknowledge the fact that the wallets provided by crypto exchanges and hot wallets are prone to cyber-attacks and are not at all secure.

Hence, the best possible way for anyone to take care of his collectibles is to store them in a non-custodial cold wallet as it remains offline and provides ultimate security.

READ  EC’s Leaked Draft Indicates Government Body Planning To Regulate Crypto

#Crypto Wallet #NFTs #Ngrave

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/ngrave-crypto-wallet-to-extend-support-to-nfts-for-higher-security

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Blockchain

Investors back Panther Protocol – what they say (part 1)

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Panther Protocol closed its private sale in June which raised $8 million for an interoperable privacy solution for Defi. The funds were raised from more than 140 investors demonstrating the breadth and interest in the project. The private sale was oversubscribed.

CEO and co-founder Oliver Gales says: “Raising these funds will allow us to deliver on our roadmap and vision to restore the right to privacy and to protect against a surveillance economy.

“The response from the community has been powerful, demonstrating both the demand for this service and at the same time the trust that investors show to our team.”

The mission of Panther Protocol is to provide users with transactional privacy when interacting with all of Defi while preserving competitive advantages and individual freedoms.

What some of the investors say:

Pancho Vanhees, CEO of Skynet Trading says: “Bringing privacy to decentralized finance is critical for mass adoption and Skynet Trading believes that Panther Protocol is well-positioned to become an industry leader in this sector.

“We’re proud and excited to be backing Panther Protocol as a leading liquidity provider in the digital assets space where we see the interest of cryptocurrency users in recapturing financial privacy and freedom.”

Radi Sejad – Managing Partner of Insignis Capital says: “Panther Protocol is tackling an important problem. Until now, there has been no privacy on-chain and malicious actors are capitalizing on the lack of privacy. We are proud to support Panther Protocol in the journey to enable privacy in Defi.

“We are strongly confident in the abilities of the team and will be working closely with them to ensure a successful launch of the Protocol. “

UK-based property investor, Mazhar Dogar, has made a significant investment in Crypto, backing privacy champion Panther Protocol. “I invested in Panther for the reasons of the immense team involved, the expertise, knowledge, and respect they attain from their peers. The professional partnerships enjoyed by the company in this sector is also of interest to me. “

Lunarstation says: “The reason we invested in Panther is that we consider privacy to be a critical component in modern cryptocurrency transactions. Panther Protocol’s pursuit of a regulatory compliant approach to privacy in DeFi excited us greatly.

“The use of zAssets and the autonomous Panther Vaults will pave the way for private Web3 and mass adoption of Defi that can revolutionize the way we think about online transactions.”

Co-founder and GP, Ryan Li of DeepVentures says: “Privacy is a fundamental human right – we invested in Panther because they’re working to protect that right on the blockchain, which will be critical for crypto to fully realize its vision for a decentralized, anonymous, and privacy-protected world.

“Oliver, Anish, and the rest of the Panther Protocol team are relentless in their pursuit of this goal, and we’re proud to be their backers.”

DutchCryptoInvestors says; “The reason we decided to invest in Panther Protocol is that we value privacy as a key component to the Defi space we are trying to help build. We believe that Panther Protocol is a great addition to our portfolio of diverse projects. We are excited to see them succeed in this market and are confident that their product will be of great value to our industry as a whole.”

And

Kyle Chasse, Founder & CEO of Master Ventures states, “As a supporter of Blockchain & Cryptocurrency since 2012, we’ve evaluated over 1000 projects and invested in 100s of others. Panther Protocol was a natural fit for our portfolio of transformative blockchain companies.”

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Blockchain

Andreessen Horowitz triples down on blockchain startups with massive $2.2 billion Crypto Fund III

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While the cryptocurrency market’s most recent hype wave seems to be dying down after a spectacular rise, Andreessen Horowitz’s crypto arm is reaffirming its commitment to startups building blockchain projects with a hulking new $2.2 billion crypto fund.

It’s the firm’s largest vertical-specific fund ever — by quite a bit.

Andreessen Horowitz’s 2018 crypto fund ushered in $300 million of LP commitments and its second fund, which it closed in April of last year, clocked in at $515 million. The new multi-billion dollar fund not only showcases how institutional backers are growing more comfortable with cryptocurrencies, but also how Andreessen Horowitz’s assets under management have been quickly swelling to compete with other deep-pocketed firms including the ever-prolific Tiger Global.

With this announcement, Andreessen now has some $18.8 billion assets under management.

LPs are likely far less wary to take a chance on crypto after Andreessen Horowitz’s stake in Coinbase equated to some $11.2 billion at the time of the direct listing’s first trades, though the stock has slid back some 30% in recent months as the crypto market has shrunk.

Some of the firm’s other major crypto bets include NBA Top Shot maker Dapper Labs which hit a $7.5 billion valuation this spring. Blockchain infrastructure startup Dfinity raised at a $9.5 billion valuation this past September. Last year, the firm led the Series A of Uniswap, which is poised to be a major player in the Ethereum ecosystem. In addition to equity investments, a16z has also made major bets on the currencies themselves.

An earlier report from Newcomer last month reported a16z was targeting a $2 billion crypto fund and that they had already unloaded some of their crypto holdings before most cryptocurrencies took a major dive in recent weeks.

Crypto Fund III will continue to be managed by GPs Chris Dixon and Katie Haun, but the firm has also begun spinning out a more robust management team around the crypto vertical.

Anthony Albanese, who joined the firm last year from the NYSE, has been appointed COO of the division. Tomicah Tillemann, who previously served as a senior advisor to now-President Joe Biden and as chairman of the Global Blockchain Business Council, will be a16z Crypto’s Global Head of Policy. Rachael Horwitz is also coming aboard as an Operating Partner leading marketing and communications for a16z crypto; leaving Google after a stint as Coinbase’s first VP of Communications as well.

A couple other folks are also coming on in advisory capacity, including entrepreneur Alex Price and a couple others who will likely be a tad helpful in regulatory maneuverings including Bill Hinman, formerly of the SEC, and Brent McIntosh, who recently served as Under Secretary of the Treasury for International Affairs.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/06/24/andreessen-horowitz-triples-down-on-blockchain-startups-with-massive-2-2-billion-crypto-fund-iii/

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