XRP Consolidates: Bears and Bulls Battle for Price Breakout!

• Ripple [XRP] has been in a period of consolidation since January 23, forming a symmetrical triangle pattern on the three-hour chart. • A patterned breakout on the upside could offer more gains and target the $0.4445 level, offering a potential 7% hike. • However, bears could inflict a bearish breakout targeting the $0.3769 level and invalidate the above bullish inclination. Ripple [XRP] has been in a period of consolidation since January 23, forming a symmetrical triangle pattern on the

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Aave V3 to Combat 96% Decline in New Users on Ethereum Platform

• Aave recently proposed the launch of Aave V3 on Ethereum to combat the decline of new users on the platform. • Aave V3 is currently functional on six blockchain networks, with Aave V2 existing on Ethereum, Avalanche, and Polygon. • Data from Dune Analytics has revealed a 96% decline in the count of daily new unique users on Aave since May 2022. Aave, the decentralized lending protocol, recently proposed the launch of Aave V3 on Ethereum in response to

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Optimism Quests Program: 70% Drop in Daily Transaction Count

• In September 2022, Optimism released a series of 18 tasks called „Optimism Quests,“ with a deadline set for 17 January 2023. • Upon the launch of the program, Optimism experienced an increase in user numbers as the daily transaction count on the network saw a significant spike. • Following the conclusion of the Optimism Quests program, daily transaction on Optimism has declined, with a 70% decline in daily transaction count. In September 2022, Optimism, a layer 2 network, released

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MakerDAO Proposes USDC Move to Boost Yield, Despite Whale Exit

– MakerDAO recently proposed to onboard $100 million worth of USDC into a iearnfinance on-chain vault, with the intention of earning a 2% annual yield. – Stablecoins make up the majority of MakerDAO’s assets, with real-world assets (RWA) contributing 56.9% of the overall revenue generated by MakerDAO. – Unique users on MakerDAO have declined, and whales have started to lose interest in the MKR token. The MakerDAO protocol recently proposed to onboard $100 million worth of USDC into a iearnfinance

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ChatGPT: The AI Chatbot That Can Help With Technical Analysis But Not Price Predictions

• ChatGPT is a chatbot that can be used to write poems, make jokes, and write cover letters. • The technology is relatively new and available to the general public and can also be used to provide snippets of code for technical analysis on TradingView. • Unfortunately, ChatGPT cannot predict the price of any crypto asset, but it can remind the user to do their own research before investing and to manage the risks taken. The internet was taken by

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