The post SocialFi Platform Tomo Collected 3.5 Million Dollar Fund appeared first on Coin Engineer.

Ryan Fang, founder of Tomo, expressed his gratitude for the support from investors and emphasized Tomo’s mission to innovate in the SocialFi space. Fang sees Tomo as a pioneer in developing a multi-chain Web3 Social Wallet and aims to create a platform where every link has financial value.

Olaf Carlson-Wee, CEO of Polychain Capital, underlined the importance of Tomo in bringing a large new user base to the web3 environment. He noted that Tomo’s integration of financial incentives into social media feedback loops optimizes the distribution of value between creators and fans.

While details on Tomo’s valuation and funding structure have not been disclosed, the platform works similarly to other SocialFi apps. Using a “Keys” system, users can purchase access to creators’ content and messages, and content moderation is governed by community guidelines. Transactions are denominated in USD but executed in ether, and a 10% royalty is split between Tomo and the creator.

Tomo facilitates the adoption of blockchain technology by connecting users through existing social media handles and integrates fiat on-ramping solutions for seamless wallet setup. Leveraging ERC-4337 technology on Ethereum Layer 2 networks Linea and Base, Tomo offers cost-effective and scalable operations.

The release of ERC-4337 in March 2023 allowed for account abstraction on Ethereum, enabling wallets to function as smart contracts with advanced features such as multi-factor authentication and wallet social recovery.

In terms of total value locked (TVL) on SocialFi apps, Tomo currently ranks fourth with assets approaching $1 million. Leading the niche is FriendTech at Base with $40 million TVL, followed by The Arena at Avalanche and Alpha at NOS in second and third place respectively.

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Bitcoin is currently at a critical level. This area is seen as a key point in terms of whether the rise will continue or the correction movement will continue. If we see two 4-hour closes below $34,000, there could be a drop to $32,500. However, if it protects this area, it can rise up to $36,350 by gathering strength.

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The Latest Status in Cryptocurrencies – November 3

‣ Bitcoin (BTC) The BTC/USD pair is trading at $34,713 with a drop of 0.79% at the time of writing. The resistance levels for BTC are within the range of $36,000 – $39,800, while the support levels are within the range of $31,000 – $30,200.

‣ Ethereum (ETH) The ETH/USDT pair is trading at $1,800 with a decrease of 0.94% at the time of writing. The resistance levels for ETH are within the range of $1,885 – $1,960, while the support levels are within the range of $1,815 – $1,789.

‣ Solar (SXP) The SXP/USD pair is trading at $0.33 with an increase of 3.27% at the time of writing. The resistance levels for SXP are within the range of $0.35 – $0.38, while the support levels are within the range of $0.32 – $0.26.

‣ Near (NEAR) The NEAR/USD pair is trading at $1.47 with a decrease of 1.47% at the time of writing. The resistance levels for NEAR are within the range of $1.63 – $1.70, while the support levels are within the range of $1.44 – $1.33.

‣ Tomo (TOMO) The TOMO/USD pair is trading at $1.33 with a decrease of 18.07% at the time of writing. The resistance levels for TOMO are within the range of $1.53 – $1.67, while the support levels are within the range of $1.17 – $0.96.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – November 3 appeared first on Coin Engineer.

The support of 34,000 dollars for Bitcoin works well but the wicks being thrown under seem to hit the strong support. If we see clear closings below this support point in 4-hour intervals, we could see pullbacks in Bitcoin.

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The Latest Status in Cryptocurrencies – October 27

‣ Bitcoin (BTC) The BTC/USD parity is trading at the level of 34175 dollars with a decrease of 0.03% at the time of writing. For BTC, resistance levels are in the range of 36000 dollars – 39800 dollars, while support levels are in the range of 31000 dollars – 30200 dollars.

‣ Ethereum (ETH) The ETH/USDT parity is trading at the level of 1792 dollars with a decrease of 0.65% at the time of writing. For ETH, resistance levels are in the range of 1885 dollars – 1960 dollars, while support levels are in the range of 1815 dollars – 1789 dollars.

‣ Tomo (TOMO) The TOMO/USD parity is trading at the level of 1.97 dollars with a decrease of 4.97% at the time of writing. For TOMO, resistance levels are in the range of 2.00 dollars – 2.29 dollars, while support levels are in the range of 1.50 dollars – 1.34 dollars.

‣ Liquity (LQTY) The LQTY/USD parity is trading at the level of 1.84 dollars with a decrease of 8.88% at the time of writing. For LQTY, resistance levels are in the range of 2.48 dollars – 2.97 dollars, while support levels are in the range of 1.73 dollars – 1.34 dollars.

‣ Bluzelle (BLZ) The BLZ/USD parity is trading at the level of 0.22 dollars with a decrease of 5.04% at the time of writing. For BLZ, resistance levels are in the range of 0.26 dollars – 0.28 dollars, while support levels are in the range of 0.21 dollars – 0.17 dollars.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – October 27 appeared first on Coin Engineer.

Bitcoin, while still trying to exceed $ 28,000, has the potential to form a doji candle formation at these levels before the weekly close. This may indicate the possibility of ending the rise trend coming from the $15,000 level. Therefore, seeing a candle close above $27,430 could be a positive development to prevent this negative situation. Alternatively, Bitcoin can nullify this potential doji candle formation by testing the nearest support levels.

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The Latest Status in Cryptocurrencies – October 8

The post The Latest Status in Cryptocurrencies! – October 8 appeared first on Coin Engineer.

In recent days, while Bitcoin has been trading sideways, we have seen rapid gains in some altcoins. Such upward movements are generally evaluated for two main reasons:

➤ Upward movements in altcoins can attract investors, followed by a sharp decline.

➤ They can be seen as the beginning of a new upward wave and may carry long-term potential.

Therefore, it is essential to be extremely cautious when investing in cryptocurrencies during this period.

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The Latest Status of Bitcoin and Cryptocurrencies

‣ Bitcoin (BTC) is trading at $25,789 with a 0.02% decrease against the USD. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are in the range of $25,400 to $25,000.

‣ Ethereum (ETH) is trading at $1,637 with a 0.29% increase against USDT. The resistance levels for ETH are in the range of $1,694 to $1,731, while the support levels are in the range of $1,603 to $1,550.

‣ ApeCoin (APE) is trading at $1.36 with a 2.38% increase against the USD. The resistance levels for APE are in the range of $1.46 to $1.60, while the support levels are in the range of $1.28 to $1.05.

‣ Arbitrum (ARB) is trading at $0.90 with a 0.49% increase against the USD. The resistance levels for ARB are in the range of $0.93 to $0.98, while the support levels are in the range of $0.86 to $0.78.

‣ TomoChain (TOMO) is trading at $1.32 with a 1.05% decrease against the USD. The resistance levels for TOMO are in the range of $1.58 to $1.80, while the support levels are in the range of $1.22 to $1.09.

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The post The Latest Status of Bitcoin and Cryptocurrencies ! – September 7 appeared first on Coin Engineer.

With the postponement and non-approval of Bitcoin ETFs, Bitcoin has once again dropped to the $26,000 range. This situation can raise concerns about a possible recession for Bitcoin. Currently, an important support level for Bitcoin is at $25,000. Closures below this level could potentially take Bitcoin down to the $20,000 range.

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The Latest Status of Bitcoin and Cryptocurrencies

• Bitcoin (BTC) is currently trading at $26,101 with a 0.27% increase. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are between $26,000 and $25,000.
• Ethereum (ETH) is trading at $1,648 with a 0.13% increase. ETH has resistance levels between $1,694 and $1,731, and its support levels are in the range of $1,642 to $1,550.
• Matic (MATIC) is trading at $0.55 with a 0.36% increase. MATIC has resistance levels between $0.60 and $0.66, and its support levels are in the range of $0.52 to $0.48.
• Api3 (API3) is trading at $1.21 with a 5.70% increase. API3 has resistance levels between $1.30 and $1.45, and its support levels are in the range of $1.14 to $1.07.
• Tomo (TOMO) is trading at $1.13 with a 3.83% increase. TOMO has resistance levels between $1.24 and $1.40, and its support levels are in the range of $1.09 to $0.96.

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The post The Latest Status of Bitcoin and Cryptocurrencies! – September 1 appeared first on Coin Engineer.

Bitcoin made a corrective move down to the level of 26,800. This corresponds to the 0.786 Fibonacci level for Bitcoin. Currently, it’s struggling to break above this level and moving sideways. If it fails to break through this level, we might see a retracement towards 25,800. However, if it manages to break and close above it, the targets of 27,800 and 28,200 could come into play.

To better understand various scenarios in the sideways-moving crypto market, we analyzed the Bitcoin chart based on the past 4-hour candlestick patterns. Interestingly, we observed that the candlestick patterns between July 24th and August 16th started to resemble each other gradually. We believe this could be an intriguing starting point for predicting potential future movements.

If Bitcoin exhibits a movement towards the $27,500 level in the coming days and then experiences a sharp decline, it appears to share a structural similarity with a pattern observed in the past. Around a date like September 10th, there is a possibility of approximately a 10% drop based on past candlestick similarities. Here’s the latest status of Bitcoin and cryptocurrencies.

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The Latest Status of Bitcoin and Cryptocurrencies

• Bitcoin (BTC) is trading at $26,080 with a 0.15% decrease against the USD. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are between $26,000 and $25,000.
• Ethereum (ETH) is trading at $1,649 with a 0.24% decrease against USDT. ETH has resistance levels in the range of $1,694 to $1,731, and its support levels are between $1,642 and $1,550.
• Optimism (OP) is trading at $1.43 with a 0.64% increase against the USD. OP has resistance levels in the range of $1.49 to $1.60, and its support levels are between $1.36 and $1.20.
• Near (NEAR) is trading at $1.18 with a 1.09% decrease against the USD. NEAR has resistance levels in the range of $1.22 to $1.35, and its support levels are between $1.15 and $1.09.
• Tomo (TOMO) is trading at $1.06 with a 1.19% increase against the USD. TOMO has resistance levels in the range of $1.09 to $1.24, and its support levels are between $0.96 and $0.87.

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The post The Latest Status of Bitcoin and Cryptocurrencies! – August 29 appeared first on Coin Engineer.