• Bitcoin’s Fear and Greed Index flashed „Greed“ for the first time in ten months, indicating that traders may be becoming more bullish on BTC.
• The last time Bitcoin was in „Greed“ territory was when it neared its all-time high in March 2022.
• Savvy investors may use the Fear and Greed Index to time the market and buy when sentiment is poor.
Bitcoin’s Fear and Greed Index has flashed “Greed” for the first time in ten months, indicating that traders may be becoming more bullish on Bitcoin. The index, which goes from 0 to 100, is based on several variables such as volatility, momentum, and social media sentiment. Currently, the index is at 55, putting Bitcoin in the “Greed” zone.
The last time Bitcoin was in “Greed” territory was when it neared its all-time high in March 2022. At that time, Bitcoin was trading at $45,500. Since then, there has been a huge reversal, with BTC falling as low as $15,000. However, Bitcoin has seen a strong rally in 2023, jumping to $23,000 in January. This may suggest that investors are becoming more hopeful about the future of Bitcoin and are willing to take greater risks.
Savvy investors may use the Fear and Greed Index to time the market. For example, if the index enters the “Extreme Greed Zone”, that may be a sign that the asset is overvalued. On the other hand, they buy when sentiment is poor. Warren Buffett famously said investors should be “fearful when others are greedy, and greedy when others are fearful.”
Overall, the Fear and Greed Index flashing “Greed” is a positive sign for Bitcoin. It may indicate that traders are becoming more bullish on BTC and that the asset could rally in the near future. However, investors should still exercise caution and do their own research before investing in Bitcoin.
– Aave (AAVE) has deployed the third version of its protocol (V3) on the Ethereum mainnet.
– V3 introduces new risk mitigation features, improved capital efficiency, and decentralized liquidity.
– The upgrade also focuses on gas optimization and reduces gas costs across all functions by 20-25%.
Decentralized finance (DeFi) lending and borrowing platform Aave (AAVE) has deployed the third version of its protocol, Aave V3, on the Ethereum mainnet. This is the most significant upgrade to the Aave protocol since its inception in January 2017 and is a major step forward for the DeFi industry.
Aave V3 introduces a number of new and innovative features to the protocol, all of which will help to improve the user experience and ensure that Aave remains secure and reliable. In particular, the upgrade introduces a new High-Efficiency Mode which allows investors to increase their capital efficiency when staking or borrowing. This allows users to get more out of their capital as they can now make more money with the same amount of funds.
The upgrade also introduces Isolation Mode, which allows for more assets to be listed on Aave as collateral while keeping the security of the protocol. This will help to make DeFi lending and borrowing more accessible and secure.
Finally, the Aave V3 upgrade also focuses on gas optimization and reduces gas costs across all functions by 20-25%. This will help to reduce the cost of transactions and make the platform more accessible for users.
The successful deployment of Aave V3 on the Ethereum mainnet is a testament to the hard work and dedication of the Aave team and is a major step forward for the DeFi industry. The new risk mitigation features, improved capital efficiency, and gas optimization will help to make Aave one of the most secure and reliable decentralized finance platforms in the world. With its latest upgrade, Aave is well on its way to becoming the leader in the DeFi space.
• Ledger announced the inclusion of Shibarium in their roadmap.
• Atomic Wallet officially declared support for Shibarium.
• The SHIB burn rate shot up by 28385.44% in the last 24 hours.
The crypto community was delighted to learn that Shiba Inu’s (SHIB) Layer-2 solution, Shibarium, is currently in the Beta phase and will soon be supported by Atomic Wallet. Ledger, the popular hardware crypto wallet manufacturer, recently expressed their support for Shiba Inu’s Layer-2 and included Shibarium in their roadmap for 2023.
Atomic Wallet is a self-custodial wallet that provides over five million users worldwide with a safe and secure place to store their cryptocurrency. The company recently announced that they will be supporting Shibarium in the near future. This news was met with enthusiasm from the SHIB Army, and the burn rate for SHIB tokens skyrocketed to levels not seen this year. According to CoinGecko, the SHIB burn rate increased by 28385.44%, with 27,666,615 SHIB tokens being sent to the bottomless pit in the last 24 hours.
The news of Shibarium’s support from Atomic wallet didn’t seem to have much impact on Shiba Inu’s market price. Currently, SHIB tokens are trading at $0.00001160, after a bullish month that saw an increase of 22.3%. In the past 24 hours, there have been a total of 21,812,209 $SHIB tokens burned and 5 transactions.
The Layer-2 upgrade for Shiba Inu has been highly anticipated, and the community is now more excited than ever to see the full potential of the cryptocurrency being realized. With Atomic Wallet and Ledger’s support, Shibarium is sure to become a game changer for the SHIB Army and help push the cryptocurrency to the next level.