Crypto VC funding: Ithaca leads week with $20m, Delta bags $11m

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 12 2024

Should l Buy HMND?

Recent Fundraising Trends: Ithaca and Delta lead this week's crypto VC fundraising with $20 million and $11 million respectively, reflecting a general increase in crypto investment activity compared to previous weeks.
Notable Investments: Other significant funding includes Humanode ($10 million), The Open Network ($10 million), and PiP World ($10 million), indicating a diverse range of projects attracting investor interest in the crypto space.

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Technical Analysis for HMND

Technical Sentiment Analysis for Humanode (HMND). As of , Humanode (HMND) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HMND stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, HMND is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Humanode (HMND) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00225	0.00259	0.00289	0.00324	0.00354	0.00389	0.00419
Fibonacci	0.00259	0.00284	0.00299	0.00324	0.00349	0.00364	0.00389

About HMND

Humanode is a substrate based standalone Layer 1 where sybil-resistance is provided through private decentralized biometric verification of human existence and uniqueness instead of PoW and PoS. The key is that a validator Human node can only deploy one node and that all nodes are equal in terms of validation and voting power, or how we usually put it '1 human = 1 node = 1 vote'. The uniqueness and liveness of humans behind nodes is checked by an AI which determines whether a person is unique and whether he is alive through a multitude of facial recognition modules. The biometric processing is conducted in a private and decentralized way so that there is no Personal Identifiable Information or biometric data that can be reverted back into its original state. The main goal of Humanode is to create a truly distributed, democratic and sybil-resistant blockchain Layer 1 owned by millions of human nodes in an equal share.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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