DWF Labs Invests $25 Million in Trump’s WLFI Amid Growing Political Controversy

In an engaging session during Paris Blockchain Week, BeInCrypto caught up with Petrix Barbosa, the innovative mind behind Matchain, a blockchain venture that’s reshaping how digital identity and data sovereignty are approached.

Barbosa, who transitioned from a successful career as a venture capitalist, where he managed investments across 250 projects, brings a wealth of experience and a unique perspective to the blockchain landscape. Petrix Barbosa’s insights reveal a compelling vision for the future of blockchain, focusing on user empowerment and innovative use of technology to solve enduring problems in digital identity and data management.

Petrix Barbosa Discusses Matchain and its Mission

Matchain is a layer 2 blockchain platform that primarily addresses the challenges of identity and data sovereignty. Our mission is to empower users by giving them control over their digital identities and data, thus ensuring that they’re the primary beneficiaries of their online presence.

Barbosa on His Pivot from Venture Capital

In my time as an investor, I witnessed many great ideas fail to reach their potential due to the lack of a substantial user base or poor market timing. This inspired me to transition from funding projects to creating a platform that not only serves my vision but also provides tangible solutions to widespread issues in the blockchain community—primarily, user engagement and application.

Matchain’s Innovations in the Area of Identity Sovereignty

Matchain introduces a novel approach to managing digital identity. Unlike traditional models where user data is siloed across various platforms, Matchain allows users to have a single digital identity that spans across both Web2 and Web3. This is crucial for enabling a seamless transition and interaction between these two worlds.

How Matchain Integrates Existing Web2 Infrastructure

Our platform acts as a bridge between the decentralized ecosystem of Web3 and the more traditional Web2 infrastructure. By allowing users to manage their digital identities across both platforms, we facilitate a smoother interaction that enhances user experience while maintaining high security and trust.

Future Developments From Matchain

Looking ahead, we aim to expand our user base significantly. Currently, we are backed by strategic partnerships, like the one with Paris Saint-Germain, which not only broadens our exposure but also integrates our technology into mainstream applications.

In the next two years, we plan to onboard millions of users, leveraging our innovative solutions to enhance their digital interactions.

Barbosa on Unique Challenges in Developing Matchain

The biggest challenge was shifting the focus from simply creating a blockchain solution to ensuring it was user-centric and capable of addressing real-world problems. This involved integrating AI to manage and analyze data effectively, ensuring that our platform could deliver personalized and contextually relevant experiences to users.

Matchain Over the Next Five Years

 In five years, I envision Matchain at the forefront of blockchain technology, leading the charge in digital identity management and data sovereignty. Our platform will likely become a critical tool for users and companies looking to navigate the complexities of the digital age securely and efficiently.

The post Inside Matchain’s Vision: Petrix Barbosa on the Future of Digital Identity and Data Sovereignty appeared first on BeInCrypto.

The condition of the crypto market has improved considerably as April comes to an end. Meme coins are expected to start off strong in May as investors seem to be taking these joke tokens a lot more seriously, as seen with Housecoin (HOUSE).

BeInCrypto has analyzed three meme coins for investors to watch and how their interest is cementing in these tokens.

Zerebro (ZEREBRO)

• Launch Date – November 2024
• Total Circulating Supply – 999.95 Million ZEREBRO
• Maximum Supply – 1 Billion ZEREBRO
• Fully Diluted Valuation (FDV) – $60.01 Million

ZEREBRO has surged by 30% in the last 24 hours, trading at $0.061. The meme coin is showing strong bullish momentum and looks poised to continue its uptrend.

With the 50-day Exponential Moving Average (EMA) providing solid support, ZEREBRO demonstrates strong technical strength. This support level could help propel the altcoin toward the next major resistance at $0.086. If the altcoin continues to hold above the 50-day EMA, it may continue its upward trajectory with sustained investor interest.

However, profit-taking from investors could trigger a price correction, sending ZEREBRO lower. A drop below the $0.051 support level could lead to further declines toward $0.042. The recent gains could be wiped out if this support is breached, and the bullish outlook would be invalidated.

Pudgy Penguins (PENGU)

• Launch Date – December 2024
• Total Circulating Supply – 62.86 Billion PENGU
• Maximum Supply – 88.88 Billion PENGU
• Fully Diluted Valuation (FDV) – $943.05 Million

PENGU has surged by 25% since Sunday, trading at $0.0123, showing strong upward momentum. The meme coin is aiming to breach the $0.0147 resistance. For this to happen, continued strong support from investors is necessary. If momentum continues, PENGU could make its way through this key level to further gains.

A breakout above $0.0147 resistance could set PENGU on a path toward $0.0225, indicating the potential for continued upward movement in the coming days.

A failure to break the $0.0147 resistance would likely trigger a decline in PENGU’s price. If the altcoin falls below $0.0100, it could continue to slide toward the $0.0071 support level. Such a drop would invalidate the current bullish outlook and could lead to a prolonged downturn.

Small Cap Corner – Housecoin (HOUSE)

• Launch Date – April 2025
• Total Circulating Supply – 998.83 Million HOUSE
• Maximum Supply – 998.83 Million HOUSE
• Fully Diluted Valuation (FDV) – $66.90 Million

HOUSE has emerged as a surprising contender in the meme coin market, drawing attention with its humorous concept of investing in crypto rather than purchasing real estate. This fresh approach has resonated with investors, and many are actively supporting the token as it gains traction within the crypto community.

Over the past week, HOUSE has skyrocketed by 816%, currently trading at $0.0664. The altcoin is aiming to flip the $0.0666 level into support, a crucial step before targeting the $0.1000 resistance. If successful, this would set the stage for continued growth, potentially drawing more investors into the token.

However, if the novelty of the idea fades or investors decide to lock in profits, HOUSE could see a sharp decline. A fall below $0.0666 could lead to a drop to $0.0170, invalidating the current bullish outlook. Such a correction would likely signal the end of the altcoin’s recent uptrend.

The post Investors Buy HOUSE, Not Homes, Sparking 816% Price Surge | Meme Coins To Watch Today appeared first on BeInCrypto.

Solana (SOL) has struggled to maintain upward momentum in recent weeks. Although the cryptocurrency showed signs of an uptrend, it is now facing challenges due to declining demand for SOL. 

The market environment is also deteriorating, which is contributing to the struggles. At $129, Solana is stalled below the key $135 barrier. There is no clear indication of a breakout in sight.

Solana Struggles To Find Demand

The Velocity of Solana has fallen to a 5-month low, signaling weakening demand. Velocity measures the rate at which an asset is circulated within the market. Solana’s current circulation levels are on par with those seen in October 2024, a clear indicator that the cryptocurrency is losing traction. 

The drop in Velocity suggests that fewer investors are actively trading SOL, further adding to the bearish sentiment surrounding the token. This lack of demand makes a recovery increasingly difficult, as it implies that traders are hesitant to enter the market.

The ongoing low demand for SOL further confirms a bearish outlook. Many investors are likely waiting for a more favorable environment before committing to new positions, which could delay any potential recovery as the token struggles to attract fresh capital.

Analyzing the 2-week Market Value to Realized Value (MVRV) Ratio, a key metric that tracks the average profit or loss of recent buyers, reveals that the ratio is currently below the zero line. This suggests that investors who purchased SOL within the last two weeks are now facing losses.

This situation could lead to one of two scenarios: either investors hold their positions, hoping for a price recovery, or they sell to cut their losses.

If the latter occurs, increased selling pressure could push the price lower and potentially invalidate any attempts at recovery. In this scenario, the market would likely remain bearish until sentiment shifts.

SOL Price Is Struggling

Solana is currently trading at $130, struggling to break through the critical $135 resistance. While there has been a short-term uptrend, the likelihood of SOL breaching this level seems low. This suggests that the price could remain range-bound for the near future.

The combination of low demand and weak market sentiment points toward a potential decline. Solana may fall through its uptrend support line, with the next significant support levels lying at $125 and potentially $118.

This scenario would delay any recovery, pushing the token further into a bearish trend.

On the other hand, if Solana manages to break through the $135 resistance, the altcoin’s price push toward $148. A sustained move above this level could propel SOL to $150, invalidating the bearish outlook.

The post Solana Price Failing To Cross $135 As SOL Circulation Dips to 5-Month Low appeared first on BeInCrypto.