TurboFlow Raises $6 Million to Target Asia's Trading Market

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 11 hours ago

F-5.82%

BTC-4.055%

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Funding Details: TurboFlow completed a $6 million seed funding round on June 22, led by Pantera Capital with participation from Susquehanna Crypto and Digital Currency Group, indicating strong investment interest in the Asia-Pacific market.
Market Potential: Global prediction markets are expected to grow fivefold in 2023, and TurboFlow aims to bridge the gap in the Asia-Pacific region for prediction markets and perpetual futures, driving institutional capital inflow.
User Growth: The platform has over 15,000 registered users in its beta phase, with cumulative trading volume exceeding $19 billion, demonstrating strong demand for high-velocity event trading, and its product development and liquidity infrastructure will further enhance user experience.
Strategic Positioning: TurboFlow plans to leverage the new funding to accelerate product development and user growth while navigating regulatory differences across APAC countries, aiming to secure a foothold in the future trading market.

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Technical Analysis for F

Technical Sentiment Analysis for SynFutures (F). As of , SynFutures (F) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for F 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, F 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 $-.

SynFutures (F) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00282	0.00315	0.0035	0.00383	0.00418	0.00451	0.00486
Fibonacci	0.00315	0.00341	0.00357	0.00383	0.00409	0.00425	0.00451

About F

SynFutures (F) is a leading decentralized exchange (DEX) and full-stack financial infrastructure powering the future of trading. Utilizing its Oyster AMM model and a fully onchain order-matching engine for derivatives, SynFutures enables anyone to list and trade any asset with leverage. As the top perpetual futures DEX on multiple networks like Base, it recently introduced the industry's first Perp Launchpad, attracting blue-chip tokens, LSTs, memecoins, and more. Backed by top-tier institutions like Pantera, Polychain, Dragonfly, Standard Crypto, Framework and SIG, SynFutures is building an all-in-one platform for spot markets, perpetual contracts, and wealth management vaults, streamlining DeFi for all.

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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