Curve DAO is Going to Zero After Blockchain Exploit and AI Crypto Analytics Platform yPredict Just Raised $3.2 Million – How Does it Work?
Markets have been fuelled with anxiety this morning after a tumultuous cyber exploit on the weekend which saw multiple Curve liquidity pools raided for $47m.
Cyber security experts have now traced the source of the issue back to vulnerabilities in the Vyper (programming language) smart contracts managing liquidity pools, according to a tweet from the Curve DAO team.
Among the worst hit, more than $11m in cryptocurrency has been stolen from NFT lending protocol JPEG’d (more than 1/3rd of the JPEG’d total value locked).
Can Curve DAO Survive Cyber Heist: CRV Struggles to Gain Foothold
The cyber attack triggered a cascading move in CRV price, with a -14% drop during Saturday’s trading, leaving CRV price currently trading at $0.63 (a 24 hour change of +0.27%).
Now in a minor consolidation move, as price action desperately tries to establish a foothold on the chart, CRV is facing an uphill struggle once again.
With the exploit hitting CRV price at a vulnerable time, amid a struggling re-test of upper trendline resistance, CRV’s month-long recovery move – which saw price push up +56% to touch the 200DMA – is seemingly shattered.
Now trading at a rock-bottom price, CRV has lost structural support from both the 20DMA and 200DMA, highlighting the seriousness of CRV’s calamitous downside move.
Worse still, there is little opportunity for localised support in this area, with a lower price level at $0.5 (below the lower trendline of CRV’s established trading channel).
Some relief can be found in CRV’s indicators, with the RSI bottomed-out at 30.25, suggesting upside movement is likely with bullish divergence.
However, the MACD doesn’t support this with minor bearish divergence at -0.0157.
Overall, this leaves CRV with a troubling risk: reward profile, upside potential here could see a move to reclaim he 20DMA at $0.75 (+17.4% move).
But a significant shift in fundamental headwinds for the project following the exploit could see CRV’s value continue to plummet to local support at $0.5 (-21.7%).
CRV therefore carries a risk: reward ratio of 0.81 – a bad entry plagued by downside risk.
Yet, despite the downside reality for CRV, there has never been a better time to be trading, with the rise of AI-powered trading apps empowering new-entrant retail traders to take advantage of venture capital tier market insights.
Introducing yPredict: Empowering Gains for a New Generation of Traders
Tired of missing out on sensational pumps? Want to trade with the acuity of a venture capitalist? This is where yPredict ($YPRED) steps in.
An innovative, AI-powered crypto signal firm, yPredict has not only raised over $3.25m in its ongoing presale, but is also setting the stage for a revolutionary trading platform.
The transformative platform is designed to equip retail traders with valuable insights, enabling them to navigate the complex world of cryptocurrency effectively.
Welcome to the next phase of crypto trading, where advanced AI technology meets predictive models.
yPredict, the pioneer in AI-backed crypto signals, is establishing a unique foothold in the crypto market.
The platform offers detailed analysis, pulling out potential market trends from a sea of data, a luxury once exclusive to elite market participants.
$YPRED Tokens Unlock Access to Next Generation AI-trading Platform
As the presale continues, with only 11% left until the price jumps to $0.11, a 11% increase – it’s an open invitation for you to join this giant stride in crypto trading, one that promises the possibility of astronomical gains.
yPredict not only maximizes profits but also significantly reduces risk – the platform offers a marketplace where industry experts can monetize their knowledge, providing model predictions or data research as trading signals.
Holding $YPRED tokens means more than just access to this next generation platform.
It’s also an opportunity to generate passive income through staking tokens and earning a proportion of the subscription fees paid by users.
This model promotes long-term investment, alleviating sell pressure in the market.
As a disruptive digital project, yPredict aims to redefine how we approach crypto price predictions, leveraging AI-based algorithms to offer precise, real-time forecasts – giving its members an upper hand in the swift-moving crypto markets.
And the results are showing with more than $3.25m raised in the skyrocketing yPredict presale.
yPredict Balances AI-Market Advantage With Favourable Project Tokenomic Model
Beyond predictions, yPredict is equipped with a data-driven analytics platform that bridges the gap between AI/ML developers and cryptocurrency traders.
Here, data scientists can monetize their predictive models and signals through a subscription service, eliminating the need for personal trading engagement.
The ecosystem also includes a comprehensive trading terminal that is intuitive and user-friendly, offering a variety of order types.
The $YPRED token, the lifeblood of the yPredict ecosystem, offers holders complimentary access to the yPredict analytics platform.
Moreover, they can use these tokens to pay for subscriptions on the yPredict prediction marketplace.
Holders also have the opportunity to stake their tokens, reaping attractive APYs with 10% of the platform’s revenue reserved to bolster the liquidity of these pools.
Under the aegis of Raj Sharma, founder of Renske Technologies Inc., the dedicated team at yPredict, a blend of developers, traders, and analysts, is committed to creating a platform that genuinely champions traders.
Don’t miss out on the opportunity to be part of this revolutionizing movement in crypto trading.
yPredict is redefining the crypto trading landscape, one prediction at a time.
Don’t let FOMO get the better of you – participate in the ongoing $YPRED presale and prepare for a potential skyrocketing crypto journey!
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.
