The video game industly has been plagued with mind tricks and micro transactions to get you to spend money in game and people are tired of it, now, you have big names in the industry saying theyre adding NFTs into the mix? No one is going to look at that and say its positive for…
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OpenSea closed out over $1.3 billion in sales in the last seven days, yet the number of daily active users on the platform dropped by more than 30%.
The golden arches poked fun at crypto investors last month, but has now embraced the Metaverse by applying for trademarks of its brand for the virtual world.
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Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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It’s been a rough few weeks for cryptocurrencies, but things are finally looking up! Cryptocurrencies that have fallen off their highs over the past three weeks appear to be on an upward trajectory again. Crypto winter is thawing as crypto markets are showing some signs of life. For example, Bitcoin, which fell 52% from its November highs to a low of around $33,000, has gained 15% in the past seven days, and Ethereum, which dropped 55% from its all-time high, has rebounded 13%. Related Reading | Bitcoin and Ethereum rebound signals ‘crypto winter’ thaw January was a tough month for crypto investors. Still, Bank of America’s global strategist Alkesh Shah says he saw increased interest from people who want to invest or trade cryptocurrencies. He expects prices will rise throughout 2022 and into 2023 as more regulatory clarity emerges about digital assets like Bitcoin. When it comes to risky assets, like equities and real estate Shah says that their prices can fluctuate wildly. But with crypto, there is one additional factor: the Federal Reserve’s announcement about possible rate rises in March could affect its value too. According to Shah statement; The market as a whole, and risk assets broadly, really weren’t expecting how many rate hikes are now being talked about. Experts Predictions On Rate Hikes In 2022 The economy grows with each passing year, and inflation trends remain stable. This has led some experts to predict even more rate hikes in 2022. For example, Goldman Sachs’ forecast of four per season during the year 2022; however, one prediction stands out: Shah’s own bank forecasts seven increases in 2022. Related Reading | Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year The current decline in crypto prices is likely to continue for the next three months, but after that, it’s unlikely unless there are some significant changes. A recent study done by Shah suggests banks may hike interest rates which would cause even more problems with traders who rely on volatile assets like cryptocurrencies as their sole investment vehicle. Crypto markets are adjusting to a new reality where risks no longer reap rewards. According to Shah, prices will again start climbing once the market will adjust to the new reality. During the interview, Shah added: Then, this group especially (crypto assets), can start to move up more based on the fundamentals of growth and adoption and all of the new applications being built on this ecosystem. With recent developments in the blockchain space, more investors are beginning to take notice of Ethereum and its various applications. There’s not only one Ether but three different ones worth noting: Binance Coin (BNB) Avalanche (AVA). Each has its unique function that entrepreneurs can use to build on top of these networks or anyone looking into what they do – from security purposes all way down to simplicity. Additionally, Shah said: Investors just can’t ignore the sector anymore; It’s gotten too big to ignore. Featured image from Pixabay, chart from Tradingview.com
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Whats the difference between having weth on ethereum network vs polygon network in the context of NFTs? Is there any difference between bridging eth to polygon or wrapping eth on eth network? Do these lead to same thing for bidding on nfts? submitted by /u/mrg00dtimes [link] [comments]
