Zerohash Seeks Over $1.5 Billion Funding After Mastercard Chooses BVNK
- Funding Initiative: Zerohash is pursuing over $1.5 billion in funding after Mastercard stepped back from its planned investment, which keeps Zerohash independent while positioning it strongly in the booming stablecoin and tokenization infrastructure market.
- Valuation Increase: The new funding round aims to elevate Zerohash's valuation above $1.5 billion, surpassing the earlier discussions of raising $250 million at the same valuation, indicating strong market confidence in its infrastructure capabilities.
- Infrastructure Significance: Zerohash's APIs and developer tools enable financial institutions to integrate crypto trading and stablecoin payment features without needing to build a complete blockchain stack, thereby enhancing its strategic importance in the fintech sector.
- Intensifying Market Competition: Mastercard's decision to acquire BVNK instead of investing in Zerohash highlights the increasing competition among payment giants and Wall Street firms for digital asset infrastructure, which may impact Zerohash's funding prospects moving forward.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0155 | 0.023 | 0.0298 | 0.0374 | 0.0441 | 0.0517 | 0.0584 |
| Fibonacci | 0.023 | 0.0285 | 0.0319 | 0.0374 | 0.0428 | 0.0462 | 0.0517 |
About the author
