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#LensProtocol V2: The Future of Web3 Social Networks🌱 A revolutionary update was recently introduced at Devconnect Istanbul. This was the "V2" version of the Lens Protocol on Polygon's mainnet. In this article, we will delve into the innovations brought by V2 and examine their impact on #Web3 social networks in detail. Innovative Features of Lens Protocol V2: Lens Protocol's V2 update is reshaping the current concept of web3 social networks. Key innovations include profiles managed by multiple signatures and "smart posts". The multi-signature feature is a significant step in terms of security and governance. Smart posts enrich and add meaning to user interactions. Stani Kulechov's Vision: Stani Kulechov, the founder of Aave and CEO of Lens Protocol, stated that the V1 version aimed to launch web3 social networks and contribute to the ecosystem. With V2, a more modular design is introduced, offering users greater autonomy and flexibility. Kulechov's vision represents an approach that centers user experience in the web3 world. Social Graph and Interactive Platforms: Lens Protocol V2 also redefines the concept of the social graph. This update has the potential to transfer follower and following information across different interactive platforms. This aims to create a more connected and integrated web3 ecosystem by enabling users to seamlessly transfer their social networks across various platforms. The Lens Protocol V2 is an important step towards making web3 social networks more secure, flexible, and integrated. This update enriches user experiences while offering more autonomy and interaction opportunities.

#LensProtocol V2: The Future of Web3 Social Networks🌱

A revolutionary update was recently introduced at Devconnect Istanbul. This was the "V2" version of the Lens Protocol on Polygon's mainnet. In this article, we will delve into the innovations brought by V2 and examine their impact on #Web3 social networks in detail.

Innovative Features of Lens Protocol V2:

Lens Protocol's V2 update is reshaping the current concept of web3 social networks. Key innovations include profiles managed by multiple signatures and "smart posts". The multi-signature feature is a significant step in terms of security and governance. Smart posts enrich and add meaning to user interactions.

Stani Kulechov's Vision:

Stani Kulechov, the founder of Aave and CEO of Lens Protocol, stated that the V1 version aimed to launch web3 social networks and contribute to the ecosystem. With V2, a more modular design is introduced, offering users greater autonomy and flexibility. Kulechov's vision represents an approach that centers user experience in the web3 world.

Social Graph and Interactive Platforms:

Lens Protocol V2 also redefines the concept of the social graph. This update has the potential to transfer follower and following information across different interactive platforms. This aims to create a more connected and integrated web3 ecosystem by enabling users to seamlessly transfer their social networks across various platforms.

The Lens Protocol V2 is an important step towards making web3 social networks more secure, flexible, and integrated. This update enriches user experiences while offering more autonomy and interaction opportunities.

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Bitcoin Analysis: Did the Bulls Take the Price Again? 🪙 As of May 13, 2024, Bitcoin displays mixed signals in various time zones and technical indicators. The price of the leading crypto asset is currently priced between $62,500-62.750. It saw slightly from $60,776 to $63,156 in the 24-hour range. Despite a 2% increase in recent times, Bitcoin is down 3.6% during the week, showing the inherent volatility and uncertainty of the current market. The BTC/USD daily chart highlights a consolidation phase with a bearish trend. After approaching $73,000 on April 10, Bitcoin's price was adjusted to a potential bottom around $56,500. The recent recovery seems to lack the volume-backed faith. This shows that the increase may not have strong support. This scenario shows the potential vulnerability where the lack of purchase pressure can lead to further decline, unless more buyers step in. Bitcoin analysis; The 4-hour chart provides a look at Bitcoin's short-term recovery attempts. Notably, the price recovered from its lowest level of $60,176. He tested the resistance around $63,876. The latest event shows attempts to generate around $62,000 in support. Increased volume during bullish points to a growing buying interest that could support more upward movements if sustained. On the 1-hour chart, Bitcoin's bullish acceleration is more pronounced, with price movements from $60,600 to over $63,200. The increased volume accompanying these rises indicates a strong buying interest that could keep the price increase going in the near term. Current readings from key oscillators such as the relative power index (RSI) at 49 and Stochastic at 58 give a neutral look. This indicates that there are no urgent overbought or oversold conditions. However, negative readings on great oscillator and momentum indicators suggest that he is careful as they point to possible downward pressure or attenuation trends. DYOR #ETFvsBTC #BTC $BTC #ANALYSIS
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Resistance Breaks at Cardano Price 📊 Recently, Cardano's (ADA) price exceeded a significant resistance level, showing the potential to rise to a value of $0.5 and above. This can directly affect investors' belief in ADA and their movement in the market. In addition, there are changes in the dynamics of supply and demand; short-term investors dispose of their assets in less than a month, while medium-term investors prefer to hold their assets for up to a year. Change in Investor Behavior The supply of short-term traders has dropped from 21.64% to 14.23% over the past three weeks. This decline shows that ADA investors are more motivated to hold their assets rather than dispose of them. On average, medium-term owners currently control 50.63% of the ADA supply, which can be considered a sign of increased confidence in investing. Market Fluctuations and Statistical Analysis The ratio of Cardano's Market Value to Real Value (MVRV) evaluates the investor's profit or loss status. The 8.4% drop in ADA's 30-day MVRV rate suggests investors are experiencing losses, which could potentially lead to more accumulation. This provides possible savings opportunities for ADA investors. Medium-term investors now hold more than half of the ADA supply, indicating increased stability and investor confidence in the market. The MVRV decline points to possible accumulation opportunities; investors may consider low MVRV rates as opportunities to buy. Breaking resistance levels could trigger new price targets for ADA and maintain an uptrend. As a result, these changes in ADA's market performance and investor behavior can offer significant investment opportunities, especially for medium-term investors. The rise in price and the exceeding of resistance levels could help strengthen ADA in the cryptocurrency market. #CardanoSurge $ADA #priceprediction #analysis
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Can Bitcoin Price $70K? 🤔 Bitcoin has been under significant pressure on its price after exceeding the $60,000 psychological limit from the beginning of May and has moved in a narrow price range. Bitcoin can see the $70,000 level this month. Sign of rise of 200- and 50-week moving averages, a bull trend in the market. While moving averages create a strong support, the Crypto Fear and Greed Index signals “greed”. In addition, the stall of mining sales indicates that the market will move in a positive direction.The 200-day moving average has reached an all-time high, and Bitcoin’s horizontal hover can be deceptive. Bitcoin has created a large cup and handle formation over the weekly time frame, which could be a signal of a significant upth. If Bitcoin exceeds ATHs during the summer, there is a possibility that it will expect a strong rally in a short time. Market Dynamics and Expectations Selling pressure from short-term investors may decrease. Bitcoin's recent decline could be the bottom of the market, and I predict that the price could fluctuate between $60K and $70,000 by August. Important Inferences for the User The rise of the 200- and 50-week moving averages could be a positive indicator for long-term investments. The high crypto fear and greed index indicates that market sentiment is positive. The formation of the cup and handle formation could be the beginning of a possible uptrend. In summary, the price of Bitcoin appears to have the potential to exceed the $70,000 level in May. DYOR #buythedip #bitcoin #BTCanalysis $BTC
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AVAX Technical Analysis: What Factors to Watch in Altcoin? 📊 📈 AVAX price is gaining momentum above the $36.50 resistance. If there is a clear movement above the $40.00 resistance zone, the avalanche could rise even higher. AVAX price is rising from the $30.50 support zone against the US dollar. The price is trading above $35.00 and the simple moving average (4 hours) of 100. There was a break above a significant downtrend line with $34.00 resistance on the 4-hour chart of the AVAX/USD pair. The pair could continue to rise if it stays above the $36.30 and $35.50 support levels. AVAX Aims Higher Price Following a steady decline, Avalanche's AVAX found support near the $30.50 zone, a low close to $30.58. The price has launched a new increase, such as Bitcoin and Ethereum. AVAX technical analysis; the price increased by over 10%. It overcame many obstacles around $35.00. There was a break above the line of a significant downtrend with $34.00 resistance on the 4-hour chart of the AVAX/USD pair. The pair even cleared the 50% Fib pullback level of the downward movement towards $30.58 from the $39.83 high oscillation. AVAX price is currently trading above the $36.50 and 100 simple moving average (4 hours). On the upper side, there is a sudden resistance to the $37.65 region, or a resistance close to the 76.4% Fib retracement level of the downward movement from the $39.83 high to the $30.58 oscillation. If the AVAX technical analysis price fails to continue higher than the $37.65 or $39.80 levels, it could initiate a downward correction. Downward instant support is close to $36.30. The main support is close to the $35.20 region and the 100 simple moving average (4 hours). A downward break below the $35.20 level can open the doors to a major drop towards $32.80. The next big support is near the $30.50 level. 4 hours MACD – MACD for AVAX/USD is gaining momentum in the bullish zone. 4-hour RSI (Power Index) – RSI for AVAX/USD is now above the 50 level. Main Support Levels – $36.30 and $35.20. #altcoins #CryptoWatchMay2024 #ANALYSIS $AVAX
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