What Caused the Majority of Crypto Thefts in Q2 2024? SlowMist Reports

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 06 2024

Should l Buy HONEY?

Private Key Leaks: Identified as the leading cause of crypto thefts in Q2 2024, with users storing keys in cloud services and sharing them with friends.
Phishing Schemes: Second-highest cause of theft, where victims are tricked into revealing seed phrases or private key details.
Fake Wallets: Another significant cause of private key leaks leading to theft incidents.
BSC Honeypot Schemes: Significant honeypot incidents reported on the Binance Smart Chain, designed to be impossible to sell after purchase.
Credential Stuffing: Malicious entities use leaked login information to access accounts and extract crypto-related data.

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Technical Analysis for HONEY

Technical Sentiment Analysis for Hivemapper (HONEY) As of , Hivemapper (HONEY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.

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

Hivemapper (HONEY) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00171	0.00276	0.00357	0.00462	0.00543	0.00648	0.00729
Fibonacci	0.00276	0.00347	0.00391	0.00462	0.00533	0.00577	0.00648

About HONEY

Launched in November 2022, Hivemapper (HONEY) is a decentralized global mapping network that rewards its contributors for collecting high-volume 4K street-level imagery with dashcams through a Drive-to-Earn model.Imagery acquisition devices come in the form of 4k Dashcams, which are a combination of a camera that records street-level imagery and a blockchain mining device. Users who operate dashcams thus mine and earn rewards in Hivemapper's native cryptocurrency token, HONEY.

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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