Aave

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ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today’s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high.
Cosmos (ATOM)
ATOM was one of the biggest movers in Friday’s session, as price climbed to its highest point since the beginning of the week.
Following a low of $10.55 on Thursday, ATOM/USD surged by over 15% on Friday, hitting a peak of $12.12 in the process.
The move comes as ATOM used yesterday’s support point of $9.90 as a springboard to these heights, following a huge bearish drop the day prior.

Today’s surge now sees prices approaching a ceiling of $12.35, which has been in place since May 11, following almost two weeks of declines.
Looking at the chart, after breaking out of one resistance level of 34, the Relative Strength Index is now tracking at 38, which is close to another ceiling at 40.
Should we see ATOM overcome this obstacle, then bulls will likely make a run toward the $15 mark during the course of the weekend. 

Aave (AAVE)
AAVE also rose for the second session running, with Friday’s gains pushing prices close to their highest level in nearly two weeks. 
Today’s surge in AAVE/USD, which is also over a 10% climb, saw prices hit a peak of $97.38 less than 24 hours after trading at $86.41.
Friday’s top is the most AAVE has traded at since May 10, when prices dropped from highs above $120.

As a result of the recent market consolidation, which has seen prices track at a support of $80 and resistance of $95, the 10-day moving average has gradually begun to trend sideways.
This, in the long-term, could be a positive for bulls anticipating an upwards crossover in the next few weeks.
Currently the RSI is hovering at 39.48, which is not too far from the next ceiling of 43, which will likely be when this bullish sentiment is next tested.
Do you expect AAVE to start the weekend trading above $100? Let us know your thoughts in the comments.



























ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today&#x2019;s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high. Cosmos (ATOM) ATOM was one of the biggest movers in Friday&#x2019;s session, as pric...

news.bitcoin.com

Biggest Movers: Cosmos Climbs 15%, as AAVE Nears a 10-Day High

Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet.
Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol is a network which is used to build decentralized social media and has gone live on the Polygon blockchain.
The social media platform is similar to Twitter however, Lens profiles are linked to Non-Fungible Tokens which can then be ported to decentralised applications.
According to reports, close to 50 applications were brought to the fore on the Lens Protocol platform.  Apps include Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link to name a few.
Stani Kulechov, CEO And Founder Of Aave Wants A Better Social Media Experience
The thought behind creating the platform was to facilitate a social media platform that will allow decentralisation of the content ownership and user accounts with a help of a blockchain network.
Traditional social media accounts function through the help of email-ids and the system of unique usernames.
Lens Protocol is different because the latter uses crypto addresses and Non-Fungible Tokens (NFTs) for authentication and monetisation.
Due to this particular feature, the users rather than centralised company is in control of the content and personal data which are associated with the user accounts.
Often centralised social media have the right to suspend and terminate accounts permanently without an explanation.
Recently, the CEO of Aave faced a similar issue with Twitter after his account was suspended owing to a particular tweet.
Right after this suspension, he took the issue into consideration and had decided to come up with the decentralised social media platform.
He stated,
The social media experience has remained relatively unchanged for the last decade, and much of that is due to your content being solely owned by a company, which locks your social network within one platform
Related Reading | Aave To Introduce A Decentralized Social Media Platform Built On Polygon
Polygon In Alignment With Aave’s Vision
Aave CEO also noted that the ownership over content created has been missing and is in fact, “long overdue”. In accordance with the aforementioned idea, co-founder of Polygon, Sandeep Nailwal, agreed with the importance of ownership of content.
Polygon also is of the similar notion that there has to be “secure content ownership”. Aave had also additionally launched a $250,000 grants program which will fund the projects that will build decentralized applications (dapps) on Lens.
Barring the social media DApps, the liquidity market protocol creators have also targeted to use nonfungible token (NFT) technology alongside the Lens’ open-source blockchain technology which will allow developers to create marketplaces, with algorithm suggestions and recommendations along with other applications.
Aave had begun developing a decentralized social media platform, but had finally decided to build on Polygon mainnet rather than Ethereum’s mainnet.
Related Reading | How Polygon Studios Captures Web2 Talent, Hires Staff From Amazon, EA And Others
Bitcoin was priced at $30,000 on the one day chart | Source: BTCUSD on TradingView


Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet. Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol i...

bitcoinist.com

Operated By Aave, Lens Protocol Finally Goes Live On Polygon Blockchain

The announcement comes a month after Aave founder Stani Kulechov gets suspended from Twitter for his joke about being the interim CEO of the social company.  

cointelegraph.com

Aave launches open-source platform for social networking DApps on Polygon

A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off.

Aave price risks a 25% plunge as a classic bearish reversal pattern emerges

Global crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher.
Aave (AAVE)
AAVE rebounded during Tuesday’s trading session, as bulls returned to action after a recent three-day winning streak was snapped yesterday.
Following a low of $82.02 to start the week, AAVE/USD rallied by as much as 10% today, hitting a peak of $92.16 in the process.
Today’s move pushed prices away from the long-term support level of $80, and they now hover marginally below a resistance point of $94.

Bulls in AAVE seem to be targeting the $100 level, however we will likely not see a move towards this point unless the current ceiling on the RSI is broken.
Looking at the chart, the 14-day Relative Strength Index is tracking below a resistance of 36.30, which is the highest point the indicator has hit in the past ten days.
Overall, although prices are currently oversold, both the short and mid-term moving averages show that momentum is still bearish.

Avalanche (AVAX)
Similar to AAVE, AVAX saw its price climb higher on Tuesday, after a brief stint in the red to start the trading week.
AVAX/USD rose to a peak of $35.47 earlier in the day, which comes following a low of $32.22 during Monday’s session.
As a result of today’s move, AVAX is now trading marginally below a resistance level of $37.30, which appears to be the point bulls are targeting. 

Overall, relative strength on the current chart shows that prices are still oversold, and tracking near multi-month lows.
Looking at the chart, there is an upcoming resistance level at 32, which will test this recent bullish sentiment, which has seen prices climb for four of the last five sessions.
Should bullish strength continue to increase, we will likely see prices move towards $40 in upcoming sessions.
What level do you expect to see AVAX at to end the week? Let us know your thoughts in the comments.



























Global crypto markets are up over 2% during Tuesday&#x2019;s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday&#x2019;s session, with AAVE trading as much 10% higher. Aave (AAVE) AAVE rebounded during Tuesday&#x201...

Aave price	$93.77
Low - High 24H	$89.34 - $93.71
Market cap	$1.29B
Volume 24H	$132.06M
All time high	$661.69 -85.86% May 18th 2021
All time low	$26.02 259.65% November 5th 2020
Genesis date	N/A

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