AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later.
Bridge from layer 2 is one of the scalability solutions. Since layer 1 has set a foundation for blockchain to operate, upgrading layer 1 may cause unnecessary disruption on existing operations. The bridge is a perfect choice for blockchain with massive traffic while seeking for expansion of more users to join in the different types of blockchain.
Retail interest in Bitcoin has dropped to the lowest of the year since. Institutional adoption has become mainstream with large money pouring into the crypto market and buying up Bitcoin. It seems the Bitcoin standard has been confirmed. However, Bitcoin may lose its crypto status from now on.
Technical Analysis
Bitcoins opens at $48K and goes up to around $52K and stable around $49K ~ $50K. The average transaction fee is $20.12 which is 8.06% increase from 02-16-21. As I mentioned yesterday, Bitcoin retreat around $48K after touch $52K. If it stables around $49K ~ $50K, the next target is stable at $52K and hit $55K. The question is if Bitcoin will continue raising and be sustainable? My opinion is still yes which it will have more and more institutional buyers hype to buy. However, I also think the risk is high at this level.
Coinbase just lists out their plan to enter Metaverse. Unlike, Meta (Facebook) which just throws Meta to you without any explanation, and its CEO just meta himself in the video to confuse everyone.