InstaDApp on Ethereum {ETH} garners support from Coinbase, Pantera; Swarm 0.5 gets released

InstaDApp is a DeFi Portal that employs a “smart wallet layer and bridge contracts”. The mediator existing between the protocols and the user interface has made the entire process smoother and cost-effective.

Pantera Capital, Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, IDEO Colab, Robot Ventures, and few more major investors have helped InstaDApp raise a whopping $2.4 million so as to fund this project. You can take a look at the full blog-post.

A day back, it was reported that Nordic Store bought goods from IKEA and was able to settle the transaction with the help of Tradeshift and Monerium. By utilizing Tradeshift’s network and smart contracts built on the Ethereum chain, the purchase marks a new milestone for the entire cryptosphere and is bound to draw in mainstream interest.

Ethereum is ranked at #2 to the south of Bitcoin in the market. The price descended at a rate of 2.73% in the course of the past 24-hours; this brought ETH all the way down to $174.32 where it presently rests. The trading volume recorded stands at approximately $6.498 billion, while the supply has 108,004,575 ETH coins in play as of this moment. The total market cap of Ethereum amounts to $18.827 billion for now.

According to the candlestick chart connected to the ETH/USD pair on tradingview [based on data obtained from the Bitstamp exchange], this virtual currency is being impacted by sellers prevalent in the market. The daily RSI [for 14 periods] is at 43.28 which signifies that Ether is in the neutral zone, although a drop may bring down the value towards 40. The MACD line is now placed close to the signal line, thus ensuring the decline of the crimson histogram.

Post-29th September, the peaks tied to the Awesome Oscillator all possessed the green shade, indicating the slight presence of bullish pressure. Support lies near the $152.75 level, and initial resistance may be felt at the $185.71 mark.

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