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Valuation

XRP Price Prediction: XRP/USD Prolongs Trading Around the Level of $1.50

XRP Price Prediction – May 10
XRP/USD continually holds trading around the level of $1.50 at a small reduced 0.02%. Noticeably, ups and downs in the crypto’s value are featured on the buy signal side of the smaller SMA trend-line.

XRPUSD Market
Key Levels:
Resistance levels: $1.70, $1.90, $2.10
Support levels: $1.25, $1.15, $1.05

XRP/USD – Daily Chart
The daily chart reveals that XRP/USD has continued to hover around the market level of $1.50 over a couple of sessions. As price stays closely above the smaller SMA, gives way to having a kind of short-line range movement. However, the 14-day SMA trend-line indicates a slight bullish run as it is supported by the drawing of the bullish trend-line spanning from the lower critical support line of $1 to place closely below the $1.50 level. The Stochastic Oscillators have unwittingly from the overbought region moved downward to place near above a range of 40. That portends that there is a degree of indecision trading situation ongoing as of writing.

Will the XRP/USD survive trading past the $1.50 level?
Reading the XRP/USD current market technically, it shows that bulls are getting set for action most especially when the main $1.50 level witnesses a sudden breakup A more upswings may as well follow suit building on the aftermath momentum that such bullish forces will produce in series. In the course of that assumption playing out, the probability that the previous higher value around $2 will be heightened in a bid to enter another higher trading level while it is breached to the north.

As regards the contrary to the market upside analysis, if price succeeds at breaking the $1.50 together with the trend-line of 14-day SMA, then, that could be a return of retracement. And, that could in the long run lead to bringing down the market value to a lower zone between the lines of $1.30 and $1.20.

XRP/BTC Price Analysis
Placing the worth valuation of XRP and BTC on the cryptos’ economies scale, the base instrument is still to some extent outweighs the purchasing power of the counter crypto. Variant short candlesticks are being formed to represent the present low-active trading condition of the market. The 14-day SMA trend-line is over the 50-day SMA indicator. The Stochastic Oscillators have swerved southwardly from the range of 80 to briefly touch into the oversold region. Going by that reading, the counter crypto’s capacity seems liable to decimation as the base crypto appears to exert more pushes again. In the next session.

XRP Price Prediction: XRP/USD Prolongs Trading Around the Level of $1.50

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KingsCrowd, a Ratings and Analytics Firm for Private Securities Market, Releases New Regulation CF Report

KingsCrowd, the online private market’s data-driven ratings and analytics platform, announced on Tuesday (April 27, 2021) the publication and availability of the KingsCrowd Regulation Crowdfunding 2018-2020 Intelligence Report.

The KingsCrowd Regulation Crowdfunding 2018-2020 Intelligence Report reportedly covers more than 150 Regulation Crowdfunding (Reg CF) market statistics, key insights, and analytics. These items are presented in an “easy-to-read” visual format. Readers get an extensive overview of the Reg CF market as of last year, along with a preview of what is set to be a “record-shattering” 2021, according to a release.

In 2020, startups secured over $210 million via equity crowdfunding. This total represents year-over-year growth of about 110% from 2019’s total funding and notably marks the fourth year early-stage firms have been able to acquire investment capital from the public under the JOBS Act’s Regulation Crowdfunding rules.

KingsCrowd Founder and CEO Chris Lustrino, stated:

“The release of this first edition of our Regulation Crowdfunding Intelligence Report couldn’t come at a better time. On March 15, the U.S. Securities and Exchange increased the maximum raise amount under Regulation Crowdfunding rules from $1.07 million to $5 million. This marks a watershed moment for our industry and makes Regulation Crowdfunding a viable alternative to traditional venture capital and. KingsCrowd’s Regulation Crowdfunding 2018-2020 Intelligence Report was written for anyone interested in the Reg CF market and looking to update themselves on this fast-growing space quickly.”

A few takeaways from the report:

  • For the year 2020, “more than $210 million was invested in Reg CF raise campaigns.”
  • The average valuation of companies raising funds in 2020 “was $11.35 million, a 24% increase from 2018’s average valuation and up slightly from 2019’s $11.19 million figure.”
  • Second half 2020 data “shows 291 out of 964 start-up companies raised capital exhibited mixed-gender founding teams while 27% of all entities that raised funds through Reg CF included minority founders.”

KingsCrowd says that it’s at the “intersection between early-stage companies seeking growth capital and startup investors.” By offering “institutional-grade” data and analysis that stakeholders can “trust,” KingsCrowd allows anyone to “invest like a venture capitalist.”

KingsCrowd’s Merlin™ Ratings Platform analyzes over 150 data points to offer key insights, analytics, and ratings “to help investors navigate the startup investing market and vet the best deals worth adding to their investment portfolio.”

In late January 2021, Wefunder, a leading securities crowdfunding platform, highlighted Q4 performance in the Reg CF crowdfunding sector. According to the numbers generated by Kingscrowd, Wefunder dominated this sector of online capital formation.

Now crowdfunding encompasses other exemptions, including Reg A+ and Reg D (506c). Each of these exemptions is unique in its own way (Reg D is only available for accredited investors, for example), and many platforms offer securities under all three exemptions, including Wefunder but the bulk of the platform’s securities offerings are from issuers raising capital under Reg CF.

The numbers show Wefunder topping its nearest competitor under Reg CF by almost $10 million:

Wefunder – $29 million
StartEngine – $19.8 million
Republic – $9.9 million
All others – $12.6 million

As covered in March 2020, KingsCrowd closed on a $1 million crowdfunding round on the NetCapital marketplace.  NetCapital lists private securities under both Reg CF and Reg D. The KingsCrowd offering leveraged both exemptions in a side-by-side offering. KingsCrowd said it raised $902,952 under Reg CF and $97,048.80 under Reg D 506 (c). 555,556 units were sold. Kingscrowd is a ValueSetters, Inc. (OTC:VSTR) portfolio company.

You may download a copy of the KingsCrowd’s Regulation Crowdfunding 2018-2020 Intelligence Report here.

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Venice, California based UNA Blockchain Introduces a DLT focused Ecosystem for the Automotive Industry

UNA Blockchain, a subsidiary of Hopium, the car manufacturer that develops “high-end” hydrogen sedans, is launching its new blockchain ecosystem.

Based in Venice, California, UNA Blockchain aims to position itself as a leader within the automotive sector, according to a release shared with Crowdfund Insider. The ethos of the business is “based on security, sustainability, transparency and ethics,” the announcement noted.

UNA intends to leverage partnerships with key players in the tech sector like IBM Hyperledger. The firm will also be backed by Hopium, its “genesis” partner that carried out an IPO in December 2020, resulting in its current valuation of more than $250 million.

As explained in the release,

“The [UNA] ecosystem will use IoT hardware to record unaltered data on a blockchain and a way of measuring emissions and assessing the impact of each vehicle on the environment. … UNA will actively participate in answering climate change issues while maintaining optimal data security.”

The release added that drivers will be able to create their own “digital passport” as well. By writing “individual” preferences to a blockchain or DLT-based platform, they’ll be able to seamlessly switch between vehicles without losing any settings or preferences by pulling the previously stored profile from the ledger.

As mentioned in the release, a test-drive will “instantly feel like home and driving a rental will no longer feel like a rental.” The announcement also mentioned that “not only does this remove pain points from the user, but also enables the company to study aggregate user preferences and learn about consumer [preferences and behavior] over time.”

The announcement added:

“UNA’s core value of transparency begins before the vehicle has been manufactured and shines a light on the supply chain leading up to the finished product. By tracing parts through the supply chain, UNA ensures partners and suppliers take environmentally-friendly … approaches to the manufacturing process, along with the added guarantee of high quality materials and workmanship. By keeping this detailed ledger, owners know exactly what went into their vehicle and have guarantees on each individual part in case of damages or failure.”

UNA’s ecosystem will offer improved security. As explained in the release, ownership of a vehicle may be recorded on a blockchain or DLT-based system. And access by “unauthorized” parties will “automatically be rejected,” the release noted while adding that user profiles may be managed via the blockchain.

This means that a family will have the option to assign several different users to the same vehicle. This concept of authorized users “extends to include both a ‘guest mode’ and a ‘child mode’ to grant access to specific individuals for set time periods,” the announcement noted.

As stated in the release, this “first chapter” of UNA’s history is part of a “greater vision to balance and decarbonize both the blockchain and the automotive industry.”

Launched in 2021, UNA is a US-based blockchain firm and subsidiary of Hopium, the hydrogen car manufacturer founded by racing driver Olivier Lombard.

UNA aims to embody the “next era” of automotive and claims that it is “poised” to take a leadership role within the automoble sector. With “an emphasis on security, ethics, transparency, and sustainability, UNA is leveraging ‘next-generation’ technologies to build a blockchain ecosystem capable of exceeding expectations,” the announcement noted.

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Coinbase’s first quarter revenue hits record $1.8B ahead of its Nasdaq listing

Coinbase has announced impressive first quarter results one week before the exchange’s direct listing on the Nasdaq, estimating that trading volume is up 276% and quarterly revenue has hit $1.8 billion.

The bountiful revenue, revealed in the company’s Q1 earnings call, dwarf its $190 million revenue from the same time last year with the company attributing a portion of this explosive growth to Bitcoin’s bull market.

The U.S exchange estimated net income between $730 million and $800 million and an EBIDTA of approximately $1.1 billion.

The bull market has also seen monthly active users grow to more than six million users, up from 1.3 million in the first quarter, with crypto assets on the platform rising 1200% year-on-year from $17 billion to $223 billion.

The U.S.-based exchange’s CEO Alesia Haas said:

“We have seen all time high crypto prices drive elevated levels of user activity and trading volume on our platform.”

Boasting 56 million verified users, Haas suggested that active monthly users could rise to seven million at most this year, although he warned this could drop to four million if a bear market hits this year.

The company is spending big to acquire new customers. Following next week’s listing, Coinbase intends to increase its sales and marketing expenditure to between 12% and 15% of this year’s net revenue in an effort to drive “meaningful growth in 2021.”

“Looking to full year 2021, in order to scale our operations and to continue to drive product innovation, we expect our technology and development expenses and our general and administrative expenses to be between $1.3 billion to $1.6 billion, excluding stock-based compensation, in 2021.”

The report results are preliminary and unaudited, however, the exchange wanted to release a detailed report prior to the Nasdaq listing set for April 14. The company will register nearly 115 million shares of Class A common stock, under the ticker symbol COIN. As a direct listing, the exchange won’t be selling new stock and can only register existing stock, allowing existing stakeholders to sell their shares to new investors.

Coinbase has received multiple valuations ranging from $68 billion based on private market transactions to more than $120 billion.

Investment research firm New Constructs CEO David Trainer had his doubts about the lofty expectations. “Coinbase’s expected valuation of roughly $100 billion is far too high,” he said in a note to clients Monday.

“It’s hard to make a straight-faced argument that the firm can justify the lofty expectations baked into its valuation given increasing competition in a mature cryptocurrency trading market and the lack of sustainability in its current market share and margins.”

FTX founder Sam Bankman-Fried took to Twitter to congratulate Coinbase on its impressive quarterly figures and upcoming IPO listing, and compared it to his own, much newer exchange’s figures.

Coinbase\’s first quarter revenue hits record $1.8B ahead of its Nasdaq listing

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Update: Monva Set to Close Crowdcube Round With More Than £335,000 Raised

Monva, a UK-based intelligent comparison platform for financial products and services, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £335,000 secured from nearly 450 Crowdcube investors. 

As previously reported, Monva is on a mission to “reimagine” how everyone compares and buys products and services by removing the “friction” involved in buying financial services and utility products, using customer’s data for good, and automating mundane tasks. The company will use the data to help with the following:

  • Personalize ongoing offers through your account dashboard and mobile app
  • Intelligently update your financial offers, helping you to be proactive by enabling faster switching using the data you have already provided
  • Automatically complete credit card searches in just 10 seconds

While sharing more details about the company’s products, CEO of Monva, Steve Wiley, recently stated:

“Our smart technology and money saving assistant, Mo, represent the biggest advancement in the industry yet. Our aim is to serve not only those who use comparison today, but also those who have been put off from making important financial decisions and the potential of saving money by using services promoted by gimmicks that do little to support the customer.”

Funds from the Crowdcube round will be used to expand Monva’s products and services. Monva is offering 5.01% in equity at a £3,791,653 pre-money valuation through the campaign. The funding round is set to close on Thursday. 

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

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