{"id":169218,"date":"2021-02-03T01:30:00","date_gmt":"2021-02-02T22:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/band-loopring-lrc-and-cream-secure-a-slice-of-defi-with-new-partnerships\/"},"modified":"2021-02-03T01:30:00","modified_gmt":"2021-02-02T22:30:00","slug":"band-loopring-lrc-and-cream-secure-a-slice-of-defi-with-new-partnerships","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/band-loopring-lrc-and-cream-secure-a-slice-of-defi-with-new-partnerships\/","title":{"rendered":"# Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a408c87c85e5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a408c87c85e5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/band-loopring-lrc-and-cream-secure-a-slice-of-defi-with-new-partnerships\/#BANDUSD\" >BAND\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/band-loopring-lrc-and-cream-secure-a-slice-of-defi-with-new-partnerships\/#LRCUSD\" >LRC\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/band-loopring-lrc-and-cream-secure-a-slice-of-defi-with-new-partnerships\/#CREAMUSD\" >CREAM\/USD<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>The U.S. dollar <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/global-forex\/forex-dollar-extends-2020-losing-streak-amid-upbeat-sentiment-yuan-shines-idUSL8N2JF2PR\" data-amp=\"https:\/\/mobile-reuters-com.cdn.ampproject.org\/c\/s\/mobile.reuters.com\/article\/amp\/idUSL8N2JF2PR\">lost<\/a> about 7% of its value in 2020, while Bitcoin\u00a0rallied about 300% during the same period. As Bitcoin\u2019s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin (BTC) stands a good chance to garner a portion of it.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/bd072781-9c11-4fee-91d4-6012ad9b563b.png\"><figcaption style=\"text-align: center;\"><em>Crypto market data daily view. Source:<\/em><em> <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>Ark Invest\u2019s latest report, &#8220;Bitcoin: Preparing for Institutions,&#8221; shows that even a paltry allocation of 1% by companies from the S&amp;P 500 could boost Bitcoin\u2019s price by $40,000. However, analysts at Ar believe that the allocation is likely to be in the range of 2.5% to 6.5%, which &#8220;could impact bitcoin\u2019s price by $200,000 to $500,000.&#8221; <\/p>\n<p>Even as Bitcoin\u2019s price consolidates and readies for the next leg up, several altcoins have been rising, backed by strong fundamentals and investors&#8217; high expectations of their upcoming products. Let\u2019s look at three such tokens today. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"BANDUSD\"><\/span>BAND\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The decentralized finance space has boomed in the past few months, and the success of the protocols rely heavily upon data sources that are decentralized, fast and reliable. This is where Band Protocol steps in. The cross-chain data oracle has announced several partnerships in the past few days, which shows it is gradually building its market share.<\/p>\n<p>The strong rally in stocks such as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop, AMC and others have captured traders&#8217; attention in the past few days. Band\u2019s tie-up with Injective Protocol to deliver decentralized price oracles for various stocks to be supported on the decentralized derivatives platform could benefit the price of its native token, BAND, as a successful integration would be followed by an increase in demand.<\/p>\n<p>Similarly, Linear Finance, a derivatives asset protocol, will also use Band\u2019s real-time price feeds to offer its clients a seamless trading experience for several synthetic assets.<\/p>\n<p>Band is not limited to only providing price feeds of cryptocurrencies, foreign exchange assets and commodities. Elrond and Band have expanded their partnership further to bridge the two networks to provide off-chain data to various <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications being developed on the Elrond network. Other than the usual price feeds, Band will also cater to data requests for sports, gaming, esports and much more.<\/p>\n<p>Along with these, Band has also entered into partnerships with the Moonbeam protocol, Nervos and Fantom in the past few days and broadened its existing partnership with CoinGecko.<\/p>\n<p>BAND price rose from $7.1532 on Jan. 22 to $12.949 on Tuesday, an 81% rally within a short time.\u00a0 Previous to this move, the price had largely been stuck in the range of $7 to $11.50 for the past few days.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/ffeb52db-066b-4063-9752-0d4df886dec2.png\"><figcaption style=\"text-align: center;\"><em>BAND\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BANDUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The bulls pushed the price above the range on Tuesday, but the long wick on the day\u2019s candlestick shows the bears are aggressively selling at higher levels. This has dragged the price back into the aforementioned trading range.<\/p>\n<p>If the bulls do not give up much ground, then one more attempt to break above the range is likely. The 20-day exponential moving average ($9.28) has started to turn up, and the relative strength index (RSI) is in the positive territory, which suggests that the path of least resistance is to the upside.<\/p>\n<p>If the bulls can drive and sustain the price above $11.50, the BAND\/USD pair could rally to $16 and then to $17.78. This zone may act as stiff resistance, but if the bulls can propel the price above it, the momentum could further pick up.<\/p>\n<p>Contrary to this assumption, if the bears successfully defend the $11.50\u2013$12.949 resistance zone, the pair may extend its stay inside the range for a few more days. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"LRCUSD\"><\/span>LRC\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The GameStop saga and the trading limits imposed on retail traders by brokerages like Robinhood have exposed their significant flaws. This is likely to draw traders to decentralized exchanges where control does not lie with any central entity.<\/p>\n<p>Transaction fees are an extremely important aspect during trading, especially for smaller-sized traders. So, when Ethereum gas fees increase, these retail traders are the most affected. Loopring attempts to solve this problem with it layer-two scaling.<\/p>\n<p>Data from Dune Analytics shows that Loopring\u2019s fee collection recently surged to its highest-ever level due to increasing volume. The protocol recently updated its LRC tokenomics model and announced a new fee distribution pattern to its various participants. This could further attract LRC investors who may want to benefit from the rising popularity of the protocol.<\/p>\n<p>LRC rose from an intraday low at $0.33651 on Jan. 22 to an intraday high at $0.57618 on Jan. 31, a 71% rally within a few days. The upsloping moving averages and the RSI in the positive territory suggest that bulls are in control.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/5d0553e5-d7e4-4581-9440-882641db34ce.png\"><figcaption style=\"text-align: center;\"><em>LRC\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LRCUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The up-move is currently facing resistance near $0.55, and the LRC\/USD pair could drop to the 20-day EMA ($0.43). This is an important level to watch out for because the pair has taken support at the 20-day EMA on three previous occasions.<\/p>\n<p>If the pair again rebounds off the 20-day EMA, the bulls will make one more attempt to resume the uptrend by pushing the price above $0.62167. If they succeed, the pair could rally to $0.71773 and then to $0.78. <\/p>\n<p>This bullish view will invalidate if the bears sink and sustain the price below the 20-day EMA. Such a move will suggest that the bulls are not buying the dips anymore, and that could result in a fall to $0.35 and then to the 50-day simple moving average ($0.31).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CREAMUSD\"><\/span>CREAM\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Certain aspects of traditional finance could act as an inspiration to build projects in the decentralized space. Cream Finance recently announced the launch of Iron Bank, which is guided by the success of the $10-trillion U.S. corporate debt market.<\/p>\n<p>While there are several peer-to-peer lending protocols existing in the crypto space, Cream has taken it a step further and created a protocol-to-protocol lending mechanism. The main attraction of the Iron Bank is that it will facilitate zero-collateral lending. <\/p>\n<p>To keep the risk under check, Cream will set a credit limit after whitelisting the protocols. Initially, the Iron Bank is available only for Cream\u2019s partners, but if this project succeeds, it is likely to be a huge positive for the entire DeFi space.<\/p>\n<p>In other <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, Cream recently widened its services by adding SushiSwap and Uniswap LP tokens as collateral options for lending and borrowing. <\/p>\n<p>The platform&#8217;s CREAM token rallied from $119.35 on Jan. 22 to an intraday high at $319.9 on Tuesday, a 168% rally within a short time. The long wick on the day\u2019s candlestick shows that traders aggressively booked profits at higher levels.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/2fbb8d81-c1c8-4787-b795-3298e89494a9.png\"><figcaption style=\"text-align: center;\"><em>CREAM\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/CREAMUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>If the bulls do not allow the price to dip below the 38.2% Fibonacci retracement level at $251.65, it will suggest accumulation at lower levels. The upsloping 20-day EMA ($181) and the RSI near the overbought zone suggest the advantage to the bulls.<\/p>\n<p>If the bulls can push and sustain the price above $294.80, the CREAM\/USD pair could rally to $362 and then to $430.<\/p>\n<p>Conversely, if the bears sink the price below $251.65, the pair could dip to the 61.8% retracement level at $209.45.<\/p>\n<p><em>The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/band-loopring-lcr-and-cream-secure-a-slice-of-defi-with-new-partnerships\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships &#8221; The U.S. dollar lost about 7% of its value in 2020, while Bitcoin\u00a0rallied about 300% during the same period. As Bitcoin\u2019s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":169219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZmNjMDk0ZGYtN2EyOS00YTgzLWI5OTktY2FmMGJlMGMxMmQxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74863,74860,74868,75916,86706,88700,73785,70359],"class_list":["post-169218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-dex","tag-robinhood","tag-uniswap","tag-markets","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=169218"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/169219"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=169218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=169218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=169218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}