Key takeaways

• Hedera’s HBAR is the third-best performer among the top 20 cryptocurrencies by market cap.
• The coin is targeting the $0.32 resistance level after overcoming $0.24 a few hours ago.

HBAR rallies as BTC sets a new all-time high

The cryptocurrency market is having a positive start to the week thanks to rallies by Bitcoin, Ether, XRP, HBAR, and other major coins and tokens. The rally comes after last week’s excellent performance and could extend further as investors prepare for a crucial week in the United States.

Bitcoin has set a new all-time high of $122,800 a few minutes ago after adding 4% to its value in the last 24 hours. Ether and XRP, the two leading altcoins, are also trading in the green.

HBAR, the native coin of the Hedera blockchain, is up 10% in the last 24 hours, making it the third-best performer among the top 20 cryptocurrencies by market cap. The coin has now surpassed the $0.24 resistance level and could rally higher soon.

HBAR targets $0.32 as bulls look to extend rally

The HBAR/USD 4-hour chart is bullish but inefficient, suggesting that the pair could sweep liquidity to the downside before embarking on any upward rally. The technical indicators are bullish, suggesting a further rally in the near to medium term.

The Relative Strength Index (RSI) of 74 shows that HBAR is heading into the overbought region if the positive momentum holds. Furthermore, the MACD lines are within the positive zone, indicating a bullish bias.

If the bulls remain in control, HBAR could rally towards the first major resistance level at $0.28452, last tested on March 2nd. In the event of an extended rally, HBAR could retest the $0.32281 level for the first time since January. 

However, if the bulls fail to leverage this momentum, HBAR could retest the ILQ level at $0.22556 in the coming hours or days. An extended bearish condition would see HBAR drop to the TLQ level at $0.19152.

Introducing Toon Finance – The Future of Crypto Lending

In the world of cryptocurrency, lending platforms have become increasingly popular in recent years. They offer investors a way to earn interest on their digital assets without having to sell them. Toon Finance is a new entrant into the space and is quickly making a name for itself thanks to its innovative approach to lending.

How Toon Finance $TFT  Works

Toon Finance is a lending platform that allows users to deposit their crypto assets and then earn interest on those assets. The interest rates are determined by the supply and demand of each individual asset. 

For example, if there is high demand for Ethereum but low supply, then the interest rate on Ethereum will be higher than other assets. The interest rates are also affected by the amount of time that an asset is deposited for – the longer the deposit period, the higher the interest rate.

To deposit an asset, users simply send it to a smart contract address associated with their account. Once the deposit period is over, they can then withdraw their asset plus any interest that has accrued. Withdrawals are processed automatically and take around 24 hours to complete.

Shiba Inu $SHIB Not Worth The Investment

Shiba Inu is a cryptocurrency that was created as a parody of Dogecoin. It has no whitepaper, and its website consists of a single page with a picture of the Shiba Inu dog. The coin was created in August 2020 and rose to prominence in late 2020 and early 2021. However, since February 2021, the price of Shiba Inu has fallen sharply, and it is now down over 90% from it’s all-time high. Here are three reasons why Shiba Inu is a bad investment.

 Toon Finance vs Shiba Inu $SHIB

One of the biggest advantages of Toon Finance over other lending platforms is its focus on user experience. The platform has been designed from the ground up with ease of use in mind. Everything from depositing assets to withdrawing them is simple and straightforward. 

Toon Finance is also one of the most flexible lending platforms currently available.

Toon Finance has Security & Encryption

This means that users can choose to receive their interest payments as often or as infrequently as they like. 

Another big selling point of Toon Finance is its security protocol. The platform uses military grade encryption. Currently they are listed on CoinMarketCap and verified on the CMC Community. Find more information about Toon Finance on Coin Market Cap.

Shiba Inu has Poor Infrastructure

Shiba Inu also suffers from poor infrastructure. There are very few exchanges that list the coin, and there is no mobile wallet available for it. This lack of infrastructure makes it difficult to buy or sell the coin, which further discourages mainstream adoption.

Why Toon Finance Leads in Cryptocurrency

The team behind Toon Finance is also committed to transparency and keeping fees low. The platform only charges a small flat fee for each transaction, and all funds deposited into Toon Finance are fully audited by independent third parties on a monthly basis. 

The Final Word on Toon Finance?

Toon finance is a promising new entrant into the world of cryptocurrency lending platforms. Its focus on user experience, flexibility, security, and transparency makes it a great option for investors who are looking for an easy way to earn interest on their digital assets.

Charles Hoskinson, the founder of Cardano (ADA), voiced his discontent alongside his former colleague Vitalik Buterin with Bitcoin developer Jimmy Song for his statements regarding Proof-of-Stakes (PoS) networks.

Hoskinson turned to Twitter on July 4 to label Song’s microblogging platform post as ‘stupid’. “The level of stupid here is beyond explanation,” Hoskinson said.