Crypto Venture Capital Update: Rain Secures $58 Million, OrangeX Raises $20 Million
Crypto VC Funding Overview
- Total Funding Amount: This past week, the crypto venture capital sector raised nearly $235 million, with significant contributions from various projects.
- Leading Investment: Rain led the funding rounds with $58 million in Series B funding for its stablecoin interoperability platform, bringing its total raised to $88.5 million.
Notable Funding Rounds
- M^0: The decentralized middleware protocol M^0 secured $40 million in Series B funding, increasing its total to $97.5 million, backed by investors like Polychain Capital and Ribbit Capital.
- OrangeX: The global crypto trading platform OrangeX raised $20 million in Series B funding, with total funds raised reaching $30 million, supported by Kryptos and SCI Ventures.
- aPriori: This project focused on DeFi, liquidity, and staking gathered $20 million in a strategic round, with investments from HashKey Capital, Pantera, and Primitive Ventures.
Smaller Projects and Sector Diversity
- Funding for Smaller Projects: Several smaller projects also received funding, ranging from $1.5 million to $15 million, indicating a diverse and active investment landscape within the crypto sector.
- Specific Amounts Raised:
- Hemi Labs: $15 million
- The Clearing Company: $15 million
- Magne AI: $10 million
- Hyperbot: $6.75 million
- Metafyed: $5.5 million
- Multipli: $5 million
- Splendor Labs: $4.5 million
- Almanak: $2.5 million
- Superfluid: $2 million
- Suzaku: $1.5 million
- Fly (ex Magpie Protocol): $340,000
Conclusion
- Investor Confidence: The substantial funding across various projects reflects strong investor confidence in the crypto space, with Series B rounds dominating the week's activities.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) 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 XRP 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 stock.
Support, Resistance & Moving Averages From a structural perspective, XRP 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 $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.459 | 0.788 | 1.155 | 1.484 | 1.851 | 2.18 | 2.547 |
| Fibonacci | 0.788 | 1.054 | 1.218 | 1.484 | 1.75 | 1.914 | 2.18 |
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