Venom Facilitates Massive Adoption; 20+ Projects on the Horizon

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 30 2024

Should l Buy VENOM?

Venom Foundation Growth: Venom Foundation is expanding widely and integrating with various external platforms.
VENOM Token Listing: The VENOM token was listed on the OKX exchange for spot trading on March 22.
CEO's Perspective: Christopher Louis Tsu, CEO of Venom Foundation, emphasizes the increasing importance of blockchain technology.
Network Architecture: Venom Foundation operates as a Layer-0 and 1 blockchain using proof of stake (PoS) consensus and has a sophisticated Mesh network architecture.
Future Projects: Over 20 projects are set to debut on the platform, showcasing developers' confidence in its infrastructure, with discussions underway for stablecoin initiatives in different countries.

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Technical Analysis for VENOM

Technical Sentiment Analysis for Venom (VENOM) As of , Venom (VENOM) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VENOM 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, VENOM 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 $-.

Venom (VENOM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0208	0.0244	0.0271	0.0307	0.0334	0.037	0.0397
Fibonacci	0.0244	0.0268	0.0283	0.0307	0.0331	0.0346	0.037

About VENOM

Venom is a unique Layer 0 and Layer 1 network built on Mesh network technology, enabling it to host large-scale national and international platforms, such as stablecoins, CBDCs, and RWAs (e.g., carbon credits). This is made possible by its exceptional scalability and efficiency. The technology serves as the foundation of a blockchain ecosystem ideal for Web3 dApps, aiming to develop next-generation digital infrastructure that seamlessly overlays existing Web2 systems.Venom stands out with its speed, low fees, and unmatched scalability. With a technology stack that ensures rapid finality, Venom is the preferred network for high-load systems, whether hosting CBDCs or global institutional infrastructure. Venom guarantees security and stability.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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