A Technical Analysis of the BOMB Chart
Aside from all of the great things we have planned for BOMB with both BOMB Chain and the mobile app, for those familiar with reading charts, there’s a possible opportunity from a purely technical analysis (TA) point of view!
It’s common for markets to maintain a range the majority of the time, and as is clearly visible in the BOMB chart, its price has been rangebound for over a quarter of a year now. There’s clear demand for the BOMB token at these current levels which can be evidenced by the many bounces off the lower support line we’re currently at. Nearing a support line which has seen multiple bounces off it is generally considered a bullish signal by those familiar with TA. This is obviously not financial advice and you are encouraged to do your own research, but it’s definitely an important factor to consider when looking at opportunities in the current market.
We’re excited to announce that the CZEMP to CZETH migration is now ready. Full details on how to migrate will be available this week (check out our YouTube AMA Wednesday for a quick walkthrough). This is an important step for the entire BOMB Money ecosystem as we continue to prepare for additional offerings on our single staking mobile app. The CZETH farm will allow us to offer Ethereum, which is obviously one of the most in-demand tokens out there.
As a reminder, the inflows coming from the mobile app will be put to work within the various PegHub protocols. With the addition of tokens like Ethereum, Matic, Avax, and BUSD, each protocol will have funds helping to bring them back to peg. As many savvy investors have already been doing, this is a great time to start acquiring both LP positions and share tokens on bitBOMB, CZPegs, SnowPegs, and PolyPegs.
Single Staking Webpage and Mobile Update
We know many of you are anxiously awaiting the iOS app launch. We are doing everything within our power to expedite this process and were expecting to be live last week. As with many things when it comes to Apple, they are taking their time to approve the app which is entirely out of our hands as we have submitted all required documentation and adhered to all requests promptly and correctly. We won’t estimate when they will finally approve, but one thing is for certain – we won’t be idly waiting by.
We are actively working on an additional way to bring the single staking opportunities to the masses. The BTC staking option within the mobile app offers some of the safest and highest APRs in the industry. We want to expand this offering to people outside of the mobile world so that they can simply go to our website and open a staking position in BTC + all of the planned expanded coins listed above. We expect to have this up shortly and will add this site into our marketing plans to drive traffic there.
We’re on the cusp of executing on all of our plans and can’t wait to both share the good news and watch our entire ecosystem benefit as a result!
Funding Seed Round – Helping Take BOMB Money to the Next Level!
Since the launch of BOMB Money in November 2021, it’s incredible to think about how far we’ve come – launching multiple protocols on multiple chains, expanding our awesome team, launching BOMB Chain and completing development of our mobile app to name just a few of our major successes.
We have huge plans for the future – we’re serious about becoming the largest & safest crypto staking platform in the world by 2025. To achieve that, we’re going to have to scale up and accelerate the delivery of our comprehensive plans and that’s why we’ve decided to open a Seed Round to secure investment.
To progress this, we’re working with Newchip, a leading Accelerator who are experts in fundraising. Throughout the selection process they demonstrated a real excitement and belief in our vision, making them the perfect fit. They are providing us with direct introductions to VCs and Angel Investors, along with providing dedicated support & resources to maximize the success of our funding round.
We are in the early stages of the process, but we couldn’t be more excited about the journey ahead. If you have connections with Private Investors, VCs or Angel Investors you think would be interested in getting involved, please email us [email protected], or drop by Telegram or Discord.
Not sure how to use BOMB Chain? We’re here to help!
Getting started with a new blockchain can be intimidating and challenging. However, there are considerable opportunities to be had by becoming an early adopter to a new chain such as BOMB Chain. In fact, our COO, Rob Linsday, outlined some of the best ways to do just that in his recent blog post that you can check out here.
The easiest way to get started is checking out our Linktree. We have a step-by-step 3-video series to show how to buy BOMB, bridge tokens to BOMB Chain, and get invested in a BOMB Chain protocol. If you need any help, check out these videos or as always come chat with us on Telegram, Discord, or our weekly YouTube AMA’s and Twitter Spaces.
Here’s the first video in the playlist: