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Marcus Sotirio, UK-based digital asset broker analyst GlobalBlock
Bitcoin integrates about $ 29,000 RSI indicator For long-term investors, we are now entering a period that precedes the historically large rate of return on investment. Rekt Capital shows that the RSI previously reached this level and marked the bottom of the macro when it reversed, including January 2015, December 2018 and March 2020.
moreover, Glassnode Shows that Bitcoin is approaching areas below the average cost base of all holders on the chain. Previously, when Bitcoin entered the region, there were four generations of purchase opportunities. Both of these indicators suggest that the crypto market may be nearing the bottom of this bear market we are in.
Aave, an established DeFi lending platform, has announced the launch of the Lens Protocol, a decentralized social graph that uses NFT assets to enhance its social media platform. This allows users to own the content by storing it as an NFT in the crypto wallet.
The Lens Protocol chose to build on Polygon to enable faster and cheaper transactions than Ethereum. This makes Polygon more suitable for social networks built around potentially large numbers of NFT assets.
Aave CEO Stani Kulechov believes that content creators need to own their audience in an unauthorized way that anyone can build a new user experience using the same on-chain social graph and data. “.
Many claim that the Lens Protocol is a competitor to centralized social media platforms such as Twitter because it enhances the decentralized social media platform. Last year he tweeted. “Jack Dorsey plans to build Aave with Bitcoin, so Aave needs to build Twitter with Ethereum.” This is clearly disposable as Stani is currently building a decentralized social media rival. It wasn’t a comment, but I chose a polygon instead. Elon Musk is passionate about decentralizing Twitter, so I think he’s interested in integrating the Lens Protocol into Twitter’s infrastructure.
