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Cream Finance, the platform transforming the decentralized finance (DeFI) industry to allow individuals and protocols to seamlessly access financial services, is rising in value even as the rest of the crypto market reels under heavy selling pressure.
Over the past 24 hours, CREAM is up nearly 8% to $15.68, bringing its cumulative gain over the past 30 days to 44%, according to market data by CoinGecko. The massive spike in trading volume to $8 million confirms the growing interest in CREAM as a DeFi token.
Cream Finance Announces Partnership with Manifold to Build a Liquid Staking Protocol
The Shapella upgrade on the Ethereum network opened up liquid staking protocols such as Lido and Rocket Pool, which continue to achieve incredible milestones by allowing investors to stake Ether and still have access to the equivalent liquidity via liquid staking derivatives (LSDs).
Cream Finance, in partnership with Manifold Finance, believes it has what it takes to build the next revolutionary liquid staking platform called mev.io. According to a post on
The revolution has begun. MEV Protocol is now live ???? This heralds a new ETH Liquid Staking Token with mechanics previously unexplored by others. Dive into the blog post or continue this thread ????:https://t.co/xSXOrouIor
— mev.io (@mevdotio) October 4, 2023
Manifold Finance is expected to bring its extensive experience in the Ethereum architecture to the table. Together with Cream Finance, they hope to address “the threat and potential for significant manipulation in the Ethereum network.”
“MEV Protocol is the result of @CreamdotFinance with the first ever ETH staking service and @foldfinance a leading figure in the Ethereum infrastructure,” Mev.io said in a post on LST diversity , promotes network decentralization and maximizes value.”
Meanwhile, investors can take advantage of a new liquidity pool for crUSDC:FRAXXBP, which Cream Finance says has the potential “to achieve an APR of over 70%). The process to join the pool requires users to “deposit to the Ethereum Mainnet market at app.cream.finance to get crUSDC,” which can then be deposited or staked on Curve Finance along with the LP token.
Crème Finance shows off cup and handle pattern
The bullish outlook for Cream Finance started with support at $10 in September. This allowed the bulls to regain control of the trend, and what followed was a spectacular show of bullish muscle that saw CREAM launched into a giant green candle with a wick reaching $22.86.
Profit booking quickly followed as investors cashed in on their profitable long positions. However, trading above all three major moving averages, including the 21-day exponential moving average (EMA), the 100-day EMA and the 200-day EMA, implied that buyers had the highest.
Higher support at $14 served as a springboard, sending CREAM higher to $17.89, where it tested resistance on the descending trendline. Although Cream Finance pulled back, the 200-day EMA slowed the move, hence the potential of a more significant breakout after forming a cup and handle pattern.
To break the cup-and-handle pattern, the bulls need to push Cream Finance above the neckline resistance at $19.5. This increase would be accompanied by a massive increase in trading volume, confirming the 48.5% increase to $30 – doubling the value of CREAM.
However, the Moving Average Convergence Divergence (MACD) warns that traders should be careful when placing buy orders. A sell signal sent on October 6 implies that bears could still influence the direction of Cream Finance. With the MACD falling into neutral territory (0.00), traders should be alert for the next buy signal.
Cream Finance Alternative Promising 10x RoI
Investing in the crypto market requires smart portfolio diversification to minimize risk while maximizing profits. The rebound in Cream Finance is notable, but the token could trim gains amid market uncertainty.
However, investors could consider a revolutionary crypto token, Bitcoin Minetrx, which is currently in pre-sale phase but promises huge profits after it hits stock exchanges later this quarter.
This innovative newcomer raised nearly $1.12 million through pre-sales in the first week after launch. It introduces a new Stake-to-Mine mechanism that provides crypto users with an accessible path to participate in Bitcoin (BTC) mining.
Choose for #BitcoinMinetrix for hassle-free mining! ⛏
With cloud mining you no longer have to worry about reselling equipment.#BTCMTX manages upgrades, allowing users to focus on their $BTC business without the hassle of outdated hardware. pic.twitter.com/qnaIY32gP7
— Bitcoinminetrix (@bitcoinminetrix) October 12, 2023
Bitcoin Minetrix had an impressive debut and caught the attention of early investors. This category of investors sees it as a potential disruptor in the BTC mining arena and the next cryptocurrency to explode.
The project aims to change the game by using the Stake-to-Mine mechanism to make BTC cloud mining accessible to more people. This mechanism works by users staking the platform’s BTCMTX token in exchange for Bitcoin mining credits.
The credits earned during this process can later be exchanged for BTC mining time or a share of the mining proceeds.
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New Crypto Mining Platform – Bitcoin Minetrix
- Controlled by Coinsult
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- Earn free Bitcoin every day
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- Staking Rewards – Over 1,000% APY
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