Curve DAO goes to zero after blockchain exploit while AI crypto analytics platform yPredict raises $3.2 million – how it works?

Curve DAO goes to zero after blockchain exploit while AI crypto analytics platform yPredict raises $3.2 million - how it works?

The Blockchain Industry: Navigating Challenges and Embracing Innovations

The recent cyber exploit on the Curve liquidity pools has sent shockwaves through the markets, leaving investors anxious and uncertain about the future of the blockchain industry. Cyber security experts have traced the source of the issue back to vulnerabilities in the Vyper smart contracts that manage these liquidity pools. Among the hardest hit was NFT lending protocol JPEG’d, which lost over $11 million in cryptocurrency. This incident has raised questions about the ability of Curve DAO to survive such a cyber heist and has resulted in a significant drop in the price of its native token, CRV.

The impact of the cyber attack is evident in the price action of CRV, with a sudden 14% drop during Saturday’s trading. Currently trading at $0.63, CRV is struggling to establish a foothold on the chart. This attack comes at a critical time, as CRV was already grappling with re-testing upper trendline resistance in its month-long recovery move. The price drop has shattered the momentum that pushed CRV up by 56% to touch the 200-day moving average. Moreover, the structural support from both the 20-day and 200-day moving averages has been lost, leaving CRV in a precarious position.

The lack of local support in the current price range further exacerbates CRV’s downward trajectory. With a lower price level at $0.5, below the lower trendline of its established trading channel, CRV faces an uphill battle. However, there are some signs of relief, as the relative strength index (RSI) indicates a bottomed-out situation at 30.25, suggesting a potential upside movement with bullish divergence. Yet, the moving average convergence divergence (MACD) does not support this optimism, indicating minor bearish divergence at -0.0157.

Considering these factors, CRV presents a challenging risk-reward profile. While there is a possibility of a 17.4% move to reclaim the 20-day moving average at $0.75, there is an equal risk of a 21.7% drop to local support at $0.5. With a risk-reward ratio of 0.81, entering the CRV market at this time carries significant downside risk.

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Despite the current challenges faced by CRV, the blockchain industry continues to evolve and present new opportunities. The rise of AI-powered trading apps has empowered retail traders to access venture capital-level insights. One such platform, yPredict, is making waves in the crypto market. This innovative AI-powered crypto signal firm has raised over $3.25 million in its ongoing presale and is poised to revolutionize the trading experience for retail traders.

With yPredict, traders no longer need to miss out on sensational pumps or trade without the acuity of a venture capitalist. The platform leverages advanced AI technology to provide valuable insights and navigate the complexities of the cryptocurrency market effectively. What sets yPredict apart is its ability to analyze large amounts of data and extract potential market trends, making once-exclusive market analysis accessible to all traders.

To participate in yPredict’s next-generation AI trading platform, traders can acquire $YPRED tokens during the presale. These tokens not only offer access to the platform but also unlock various benefits. Holders can generate passive income by staking their tokens and earning a proportion of the subscription fees paid by users. This further promotes long-term investment and helps alleviate sell pressure in the market, creating a more sustainable ecosystem.

Beyond predictions, yPredict also offers a data-driven analytics platform that bridges the gap between AI and cryptocurrency trading. Data scientists can monetize their predictive models and signals through a subscription service, eliminating the need for personal trading engagement. Additionally, yPredict’s comprehensive trading terminal provides a user-friendly interface with various order types, enhancing the trading experience for its users.

The $YPRED token serves as the lifeblood of the yPredict ecosystem. It not only grants access to the platform and the prediction marketplace but can also be used for subscription payments. Holders also have the opportunity to stake their tokens and earn attractive annual percentage yields (APY) while contributing to the liquidity of the staking pools.

Led by Raj Sharma, founder of Renske Technologies Inc., the yPredict team comprises a diverse group of developers, traders, and analysts dedicated to creating a platform that champions traders. Their goal is to leverage AI-based algorithms and offer precise, real-time forecasts to give users an edge in the rapidly evolving crypto markets. The success of the ongoing $YPRED presale, which has raised over $3.25 million, attests to the positive reception and potential impact of this groundbreaking project.

In conclusion, the blockchain industry continues to face challenges as evident from recent cyber exploits. However, amidst these challenges, there is no shortage of innovations and opportunities. Platforms like yPredict are empowering retail traders with AI-powered insights, bridging the gap between elite market participants and individual traders. As the industry evolves, traders must stay vigilant, leverage new technologies, and embrace projects that offer tangible value and potential gains. Participating in the ongoing $YPRED presale could be an opportunity to embark on a revolutionary crypto trading journey. However, it is important to remember that crypto is a high-risk asset class, and investors should conduct thorough research and exercise caution at all times.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.