Author: dfmines

submitted by /u/Solodeji [link] [comments]

While Bored Ape Yacht Club appears to be unfazed for several months now in the face of the crypto crash, the month of May tells a different storyline. Bored Ape Yacht Club, a blue-chip NFT, appeared to have dipped in value, as evidenced in May when NFTs dropped in average sales price. May has been a challenging month for NFTs and crypto alike. BAYC has managed to end it with a sour trading price of $152,658. Suggested Reading | Cardano TVL Sheds $205 Million Since Hitting All-Time High BAYC Average Sales, Value Down 60% Although BAYC sales are comparably higher than other NFTs like Otherdeed, Art Blocks, NBA Top Shot, and even Mutant Ape Yacht Club, BAYC values have crashed by 60% since May 1 with an average trading price of $382,894. A hike in unique buyers increased from 475 to 591 in April, but the average sales have shed tremendously since. Meanwhile, the APE token has lost 66% of its value from a May opening trading price of $20.02 to close at $6.76. Source: Bored Ape Yacht Club Price Chart by Nomics Why Own A Bored Ape Yacht Club BAYC is an NFT collection owned by many celebrities and influencers like Stephen Curry, Eminem, Justin Bieber, and Shaquille O’Neal. It’s an overnight sensation that has also triggered high prices for the collection. Owning a BAYC is a status symbol that you belong to the elite circle. To be relevant, it’s a must to own the most popular and royal NFT. It gives the owner that cool status, but the actual value of BAYC is exclusive membership access. It’s a digital club that provides member-only access and privileges such as the following: Bathroom Access Discord Access Added NFTs Access to ApeCoin Suggested Reading | XRP Whales Boost Accumulation Appetite, Register 2-Month Peak Holding Supply Crypto total market cap at $1.26 trillion on the weekend chart | Source: TradingView.com It’s BAYC that unlocks the potential of NFTs to enter the mainstream and be a part of the elite and more giant circle. Bored Ape and other blue-chip and premiere NFTs have been in a depressive state and down by more than 50% last month. BAYC has been robust and unassailable for several months despite the crypto market retreat, but the values are sliding now. One of the apparent reasons for the decline is that Ethereum has also been down by 33% for the month following the Luna and UST stablecoin crashes. OpenSea trading volume has also suffered and has plunged by 40% for the past month. The decline in the BAYC value is also largely attributed to the massive crypto crash that resulted in the waning of investor interest in all things NFT. Featured image from CoinLive, chart from TradingView.com

I was using FTX trading app but it changed the format and I don't like it anymore. Just want an app I can set up portfolios and do fake trading. Not looking for an actual exchange. Just something I can easily track values of various coins. The last one I used I could have several…
Read more

“One of the reasons it is so successful is because it’s simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technology.

According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing challenges convincing the older generation decision-makers to buy into the metaverse, non-fungible tokens, and […]

I want to bridge the general public to the more abstract concept how ethereum/bitcoin works, so figured i'd make a post on how your "wallet" actually works. Let me know if I said something wrong in the comments, it's a hard topic to condense. Many of these topics overlap with how bitcoin works too, but…
Read more

submitted by /u/Electrical_Potato_21 [link] [comments]

For the first time, the decentralized nature of Web3 will allow users to participate in digital economies without having to give up control over their data.

submitted by /u/BIGBULLDIAMONDS [link] [comments]

So, the dress rehearsal merge is in 4 days…. You can check the time till merge here : https://wenmerge.com And here I can follow the blocks: https://beaconchain.ropsten.ethdevops.io Sooooo if it all goes to custard will that happen straight away or hours to days later? If it’s custard how will I spot that? It feels like…
Read more