January 29, 2023

Just as treasures are uncovered from the earth, so virtue appears from good deeds, and wisdom appears from a pure and peaceful mind. To walk safely through the maze of human life, one needs the light of wisdom and the guidance of virtue.

-Buddha

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*Transactions Last Updated: 01-29-2023 7:31am EST

EOS benefits from a focus on dApps that incentivize staking. EOS price pattern shows signs of a possible bearish week. The amount of liquidity or total value locked (TVL) is one of the yardsticks used to assess the health of blockchain networks. By this measure, the state of the EOS network looks more promising this […]

Source: ambcrypto

Aave price analysis shows a downtrend as the bearish sentiment has taken over. The AAVE/USD rallied high yesterday when the price surged from $85.98 to $86.11 in a swift move, gaining significant value. Today AAVE is correcting again, and the price has decreased to $86.03 at the time of writing. After getting resistance at $86.11, … Aave price analysis: Cryptocurrency steps down at $86.03 as bearish gain traction Read More »

Source: cryptopolitan

A look at how the upcoming FOMC meeting will influence the Shiba Inu demand. Bullish bias forming but investors still moving with caution in anticipation of final results. The Shiba Inu community is undoubtedly pleased with SHIB’s performance in January. But now that the month is coming to its conclusion, a sense of uncertainty has […]

Source: ambcrypto

Yuga Labs co-founder has said he will leave his duties at the company. According to his post Wylie Aronow said that he is leaving his position to focus on his himself. In addition, Aronow announced that he was recently diagnosed with a heart comdition. With this, he will focus on himself and try to get … Yuga Labs co-founder steps down Read More »

Source: cryptopolitan

The lending platform AAVE has been enjoying positive news lately. According to reports, AAVE has passed a governance proposal that would eradicate all bad debt it accumulated when Avraham Eisenberg, orchestrator of the Mango Markets exploit, targeted the platform’s Ethereum V2 liquidity pool back in November 2022. However, the governance token of the platform, AAVE, has not responded either positively or negatively. According to data from CoinGecko, the token registered losses in the daily and weekly time frames. But these losses are too miniscule to revert the token’s gains from the start of the year. With the launch of AAVE’s V3 on its mainnet, the crypto might be in a position to tally new highs if the situation permits it. Image: Coinpedia The Gist Of The Proposal & On-Chain Developments Based on the proposal, the token has over 2,677,749 units of CRV in debt on its Ethereum V2 CRV reserve. This is worth, at the date of the proposal, over $2.5 million. The proposal would use V2’s stablecoin reserve to buy the necessary number of units of CRV to pay the debt. This obviously was accepted by the community positively, being implemented immediately by January 25th. This would reverse the damage of the exploit attempt, proving the liquidity of the protocol. The deployment of AAVE’s V3 on Ethereum was also implemented. According to DefiLlama, the crypto is in the top 4 among all platforms. AAVE V3, the Ethereum pool deployment, has over $526.52 million total value locked. Image: DefiLlama At $86.02, What’s In Store For AAVE? The token is currently consolidating around the $85.8 support range. This could be a sign that the token still has room to regain lost ground from 2022’s bear market. However, this can only be achieved if the token closes with a green candle to continue AAVE’s rally when the year started. Investors and traders should target the token’s current resistance at $90.15. If the bulls can consolidate at the token’s present support, we can see an upward push towards $94.70. Related Reading: Dogecoin Ascent Slows, But Why Are Analysts Still Bullish About The Memecoin? AAVE total market cap at $1.2 billion on the daily chart | Chart: TradingView.com Related Reading: What Is Threshold (T) And Why Is This Lesser-Known Coin Swelling By 146%? Investors should also monitor the token’s correlation with Bitcoin and Ethereum as these would have a big influence on its price movement in the short to medium term. As these major cryptocurrencies retest their crucial resistances, a breakthrough by either one or both of these coins would boost AAVE’s momentum to regain lost ground. With this in mind, investors and traders should exercise caution in the short to medium term as the token can still be clawed by the bears to revert back to $78.65. Featured image by Kanalcoin.com

Source: newsbtc

SHIB token burn charges are seemingly rising on the Shiba Inu community. The present variety…

Source: cryptospacey

Which of these adjectives is not one of the twelve featured in the Boy Scout Law?

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