FTM coin price shows the overnight bullish growth struggling to rise above the 200-day EMA. However, the increased buying pressure aims to reach $2.  The FTM buyers stepped in at $1.30, resulting in a lower price rejection of 13% and a bullish continuation with an engulfing candle of 15%. However, the sudden rise of uptrend struggles to rise above the resistance confluence of $1.85 and the 200-day EMA. Will the increased trend momentum overcome sellers to reach the $2 mark? Key technical points: FTM price shows an overnight growth of 15% The bullish growth tests the 200-day EMA The 24-hour trading volume in the Fantom token is $1.33 Billion, indicating a 12% fall.  Past Performance of FTM On 20th February, the FTM coin price fell 7.58% as it broke below the 200-day EMA and $1.85. The downtrend continued to reach the $1.30 mark, but the sudden jump in underlying bullishness resulted in a long tail formation. Moreover, the bullish rally continues to jump 15% in a day, creating a bullish engulfing candlestick.  Source-Tradingview FTM Technical Analysis  The FTM coin price struggles to rise above $1.85 and shows higher price rejection, with the daily candle showing a 1.62% fall with 17 hours left on the clock. However, a bullish continuation is possible as the hours go by due to the increased buying pressure.  The FTM price retraces higher to test the 200-day EMA but struggles to rise above it as the sellers resurface. On the other hand, the 50 and 100-day EMA give a bearish crossover indicating a surge in bearish attention. The Stochastic RSI indicator shows the K and D lines enter the neutral territory after attaining the bullish alignment in the oversold territory. Thus, the lines indicate the start of a bull cycle.  The RSI Indicator slope spikes higher after hovering above the oversold zone and crosses above the 14-day SMA. However, the rejection shows the slope retracing and struggling to reach the halfway mark. In a nutshell, the FTM technical analysis shows a sudden surge in bullish powers but struggles to outperform formidable sellers at $1.85.  Upcoming Trend The upcoming trend anticipates an upside continuation after the bullish engulfing candlestick. However, the selling pressure at $1.85 is hard to surpass. Hence, traders need to wait till the prices reach the 200-day EMA before taking a bullish entry.  Support Levels: $1.30 and $1.25 Resistance Levels: $1.85 and $2

The post FTM Technical Analysis: FTM Sellers At $1.85 Struggle To Avoid Breakout appeared first on Cryptoknowmics-Crypto News and Media Platform.

PRESS RELEASE. Using the latest Developments on the Decentralized Finance Market Alium introduces the Hybrid Liquidity Model, allowing users to trade almost any crypto using the Liquidity available both on Alium and the rest of the DeFi market. Hybrid liquidity allows traders to use both Liquidities available on Alium and on most of the major […]

Back in August 2021, we announced that Request Finance’s fast and simple app to generate, track, and pay invoices was made available to the rapidly expanding community of users transacting on Fantom. “We’re delighted to report that the use of the Request Finance app has scaled with Fantom, which has been one of the fastest growing protocols in the industry”, said Christophe Fonteneau, Head of Business Development and Partnerships at Request Finance. Since Request’s launch on Fantom at the end of August last year, the number of unique Fantom wallet addresses has grown 440% to reach 1.9 Million. Total value

The post Request Finance Grows on the Fantom Network first appeared on Bitcoins In Ireland.

Stader Labs is working on an implementation that will bring Liquid Staking Pools to…

The post Fantom CEO Kong: Stader Labs’s integration will help drive ecosystem growth appeared first on Coin Journal.

The rapid growth of digital space has helped various businesses to enter a new era of better output and convenience. ...

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Hector Finance has successfully launched TOR, its much-awaited stablecoin, and a key component in the Hector ecosystem. Hector Finance has ...

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Bristol, UK , Feb 9, 2022 - (ACN Newswire) - Hector Finance has launched its much-awaited stablecoin named TOR that will play a key role in the overall Hector ecosystem. TOR stands for Tyche Owned Reserve. According to Wikipedia, Tyche was the governing tutelary deity who oversaw a city's wealth and prosperity, as well as its fate. She is the daughter of Aphrodite and Zeus or Hermes in Greek mythology, and her role at the time was to deliver messages to humans about external occurrences beyond their control. Tyche is the Greek goddess of luck, chance, providence, and fate.

Terra, one of the most successful algorithmic stablecoins in the space, is the inspiration behind TOR. TOR has the goal of making $HEC more deflationary while also providing the Fantom chain with its own algorithmic stablecoin.

TOR is a new ERC20 coin that can only be created by burning HEC. The HEC pricing oracle, built with Time Weighted Average Price, can be used to swap TOR for newly minted HEC. Oracles are an important part of any stablecoin's base functionality. In the context of blockchain technology, an oracle is a mechanism designed to supply data to smart contracts. In general, a Stablecoin is only valued and trusted if its price remains constant. The price of TOR is $1. What kind of 'backing' does it have? TOR's backing is made up of two layers:

• Smart-contract algorithms and the HEC/stable LP
• The $100,000,000 Hector Finance Treasury

Hector Finance will enable yield farming for the TOR/Stablecoin Curve pools. These pools will help with HEC trading, which we'll go through in further detail in a subsequent article. The gains from Hector Finance Treasury Investments and HEC's emission plan will generate the yield. We aim to provide an APY of at least 20%, making TOR yield farms competitive in the market and providing the most consistent yield farming on the FTM chain.

How does TOR work?

The Hector utility coin (HEC) is the TOR Stablecoin's counterpart. Hector's price rises when demand for TOR rises, according to supply modulation. The primary mechanism for keeping pegs in place is expansion and contraction. TOR's stability is ensured via a simple swap mechanism: at any time, 1 TOR can be switched for 1 dollar's worth of HEC. If the value of TOR falls below $1.00, buyers can purchase it and use the method to redeem it for $1.00, allowing them to profit. Demand for TOR rises when buyers do so, causing the price to rise again until it reaches $1 USD. These financial incentives function quickly to keep TOR stable.

Since Hector Finance owns the majority of HEC/DAI, HEC/USDC, and HEC/frax, sufficient liquidity is ensured when a TOR redeem operation occurs. Despite the existence of a curve pool as "Layer 0" for shifting TOR back and forth, it is still needed to mint/redeem on a much less frequent basis. The price of HEC will (slightly) increase or drop as a result of the mint/redeem at Layer 1. Although the price of HEC has no impact on the minting/redeeming of TOR in Layer 1, if the price of HEC drops more than expected/wanted, the Hector Finance treasury will be used to stabilize the value of HEC through buybacks and burns.

Hector Finance's goal of combining the rebase model with enhanced scarcity will be made possible thanks to TOR. Deflation is the ultimate goal. Because TOR can only be minted by burning HEC, the demand for HEC rises as well. TOR will soon be available for use as collateral in Hector Bank, the decentralized lending and borrowing network built by Hector Finance in partnership with Ola Finance. When TOR is deposited into the lending pool, an oTOR token is provided to the supplier, and the oTOR bears all of the lending interest.

The Road Ahead for Hector Finance

Hector Finance aims to bring as much value to the $HEC token as possible. The project's main goal is to achieve zero inflation so that everyone's share of the pie grows over time. The supply will eventually be lowered to the point where it reaches a number that allows for sufficient burns while also providing competitive rewards. What steps will it take to become deflationary? They will mix the best of both worlds: a rebase project with a competitive APY (in comparison to farming and node projects), as well as an extensive ecosystem of utility to boost the HEC token's value.

The demand for the HEC token will rise as the token's utility grows. With the addition of utility to the token, APY becomes less essential over time, as the value of purchasing the token is now a combination of APY rewards and price increases due to demand and burns. Hector's project revenue is deposited into the DAO Wallet, with excess funds going into marketing, development, salaries, and, most importantly, buybacks and burns.

To learn more about Hector Finance visit Hectordao.com

Social Links
Twitter: https://twitter.com/HectorDAO_HEC
Telegram: https://t.me/hectorDAO
Reddit: ​​https://www.reddit.com/r/hectordao/
Youtube: https://www.youtube.com/c/HectorDAO
Instagram: https://www.instagram.com/hectordaohec/
Medium: https://medium.com/@HectorDAO
Discord: https://discord.gg/hector
Github: https://github.com/HectorDAO-HEC
TikTok: https://www.tiktok.com/@hector_dao
Buy HEC on Fantom: https://docs.hectordao.com/how-to-buy/for-users-already-on-the-fantom-network
Buy HEC on FTMScan: https://ftmscan.com/token/0x5C4FDfc5233f935f20D2aDbA572F770c2E377Ab0

Media Contact:
Brand: Hector Finance
Name: Henry Davis
Mail: team@hectordao.com
Website: https://hectordao.com/

SOURCE: Hector Finance

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

BitOasis, a leading Middle East and North Africa-based crypto-asset trading platform, today announced that it is listing four new crypto assets to proactively meet growing consumer demand. The meticulously curated list includes some of the largest crypto assets by market capitalization – Cardano (ADA), Solana (SOL), Polkadot (DOT), and Cosmos (ATOM). BitOasis users can buy, […]

The post BitOasis expands token offering, lists Cardano and Solana among other popular crypto-assets appeared first on CryptoNinjas.

The post Fantom Could Be A Multibagger Soon! FTM Price Bounceback On The Cards   appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Fantom price has been on a downfall from the $3.3 highs it acclaimed on January 16th. The altcoin has shed more than 40% of its gains in value over the past week. A little more correction might be on the cards before it moons. In lower timeframes, the FTM network appears to facilitate great trading …

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In the near-term, Bitcoin seemed to near a level of resistance at $40.6k. In fact, even the region from $38.9k-$39.2k has been a place where sellers have been strong in the past week. It is […]

  Stablecoins, known for their non-volatility as opposed to all the other inherently volatile cryptocurrencies, are among the hottest digital assets in 2021. They help traders store non-volatile value and maintain a consistent purchasing power as they are pegged to fiat money like the US dollar or Euro. But the value of these fiat currencies […]

Since the January 22 price collapse, most altcoins have reached the oversold regions of the market. Buyers have been unable to keep cryptocurrencies' prices above the overriding resistance levels. Consequently, these altcoins were forced to continue their downward correction.