Ethereum recently passed the support level of $1980. Soon, the second-biggest coin in the crypto market will reach the resistance of $2050. People eager about ETH are now happy about Tether’s mobility in the market again.
One of the prime ETH investors, Tether, has recently made a €10 million media investment. But if you are closing following crypto news this week, you must have noticed that the bigger buzz is about BlockDAG today (BDAG).
Bigger Updates
Keynote 3 is now active and gone public. Besides, progress has made deep inroads as well. It’s beta TestNet is already up and running live. It has been upgraded lately too. Meanwhile supporting Dapps already.
The news following the latest BlockDAG presale event is that the bookings of this meme coin have crossed $210.5 million already.
Ethereum Faces Resistance; Might Breakout
Memecoins’growth is constant. But if ETH grows as projected, it will have a bigger impact on the market. The coin has slightly fallen below $2000, standing at $1980 now. However, you can still count it within the resistance bracket of $2050 to $2100.
Once the bearish streak is over for ETH, the next halt would be $2150. But experts say that a pullback is not out of the question. If that happens, the coin will dive and reach $1920 soon. It may even trickle down to $1880.
Tether’s Media Deal
Tether’s €10 million investment is gathering buzz for valid reasons. Italian media company “” Be Water” has given tether a 30% equity. The gainer can now access media houses under the company like “Will Media”, “Be-Water” film and others. The access would be meanwhile mainly used to produce podcasts and other digital content.
What does this move indicate?
Initially, it may seem to be a sheer interest on the part of the company to diversify. However, on a closer look, it seems that Tether is trying to break the image of a traditional crypto investor. Now, they will play a bigger role and create their relevance in the crypto territory beyond stablecoins.
Once their content starts dropping in, the scenes will be clearer!
