Binance Labs Outshines Rivals in Crypto Launchpad Investments
- Binance Labs Dominance: Binance Labs is the most active investor in Launchpool projects, participating in 21 out of 30 projects since November 2021.
- Investment Portfolios: Binance Labs has amassed 190 investment portfolios in Launchpool projects, showcasing a strike rate of 11.05%.
- Comparison to Other Firms: Compared to other venture capital firms like OKX Ventures, Coinbase Ventures, and Polychain Capital, Binance Labs stands out with its high strike rate.
- Success Rates: While the average hit rate among investors is around 2%, notable players like Geminiโs Frontier Fund and individual investors like Kin Warwick have hit rates exceeding 5%.
- Spotting Innovation: Binance Labs' success highlights its methodical approach to identifying innovative cryptocurrency businesses and seizing early funding opportunities.
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Technical Analysis for SNX
Technical Sentiment Analysis for Synthetix (SNX) As of , Synthetix (SNX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SNX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SNX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Synthetix (SNX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0839 | 0.165 | 0.241 | 0.322 | 0.398 | 0.479 | 0.555 |
| Fibonacci | 0.165 | 0.225 | 0.262 | 0.322 | 0.382 | 0.419 | 0.479 |
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