QuoinVault

The market is crazy overbought. BTC reached an all time high but then a flash crash on a sketchy exchange ( Binance.US ) caused a drop that we still haven't recovered from.

No one knows where the market is going in the short term. Anyone who says otherwise is just selling bu****it. But in the long term I strongly believe that technology will take off. It's still super early.

🔶Arbitrum is launching their L2 platform on . Interestingly they don't have a 🤣 which is kind of a bummer because I definitely would have invested.

But props to them for not just having a token to have a token.

Btw an L2 is a way of scaling the network by processing transactions off the Ethereum mainnet. Scaling Ethereum and increasing transactions per second while still maintaining the advantages of and security is the big task everyone is wrestling with...well that and bringing down the astronomical fees.

Many third parties are working on a variety of solutions to this problem. The question is whether another platform can come along and steal Ethereum's grip as the #1 . I personally think Ethereum isn't going anywhere but I also think there's room for some competitors too.🤷‍♀️