Top China Coins Ready To Skyrocket

-
Image
The Securities and Futures Commission (SFC) of Hong Kong suggested on February 20 that a licensing system be established for cryptocurrency exchanges, and in the near future, it will permit ordinary individuals to trade major cryptocurrencies such as Bitcoin and Ethereum. This article discusses the leading Chinese Coins and explains why they are likely to experience a significant increase in value soon.  Super unique NFT collection #TokenPunkies Hong Kong’s Green Signal to Crypto Trading According to the statement, every centralized cryptocurrency exchange that operates in Hong Kong is required to obtain a license from the regulatory authority. Interestingly, it appears that the United States is not the sole global financial powerhouse capable of causing market turbulence.   As mentioned previously, the People's Bank of China, the country's central bank, infused $92 billion USD into the market on Friday, surpassing the ongoing quantitative easing measures of the US Fede
Post a Comment

Top 5 NFT Tokens To Watch Out

-

The following five NFT tokens are expected to increase in value in the near future, making them an attractive prospect for investors.



Non-Fungible Tokens (NFTs) are unique digital assets that are stored on a blockchain, which makes them impossible to replicate. As a result, they have disrupted the traditional collector market by providing a legitimate way to verify authenticity. Recent data indicates that the monthly trading volumes for NFTs reached an eight-month high of over $1 billion on January 23rd, with the cumulative trading volume trending upwards.


WATCHOUT NFT COLLECTION

Despite the frequent mention of NFTs, the industry is still relatively new. While many of the top NFT tokens may be worth adding to a cryptocurrency watchlist, it's important to note that there are various non-collectible applications for NFTs.


APECOIN

1-The digital currency ApeCoin (APE) is intended to assist in the establishment of a decentralized web3 using the Ethereum blockchain. It is based on the popular and valuable NFT collection, the Bored Ape Yacht Club. APE is a fungible ERC-20 token.


At the time of writing, ApeCoin is priced at $5.61 and has a market capitalization of $2.06 billion. However, its 24-hour trading volume has decreased by 18.44%, now standing at $105 million. According to CoinMarketCap, the circulating supply of APE is around 368,593,750 tokens.


INTERNET COMPUTER

2-The Internet Computer is a blockchain that provides a platform for developers, entrepreneurs, and businesses to build and launch secure and tamper-proof canisters. Unlike other blockchains, the Internet Computer allows for the storage of assets and all components of an NFT on the blockchain.


According to CoinMarketCap, the Internet Computer is currently valued at $7.15 with a market capitalization of $2.07 billion, and its 24-hour trading volume has decreased by 65.84%, now standing at $85 million. The circulating supply of ICP, based on the same crypto market tracker, is approximately 289,863,803 tokens.


MANA

3-Decentraland (MANA) is a cryptocurrency that operates in a decentralized manner and enables users to purchase, develop and trade virtual land. Users have the opportunity to buy land parcels that were previously sold for as high as $100,000 USD during last year's NFT hype. Additionally, the game's NFT marketplace provides players with the ability to sell virtually anything they create.


According to CoinMarketCap, Decentraland (MANA) is presently valued at $0.7127, with a market capitalization of $1.32 billion. The trading volume over the past 24 hours has decreased by 47.82% and currently stands at $83.4 million. Additionally, the circulating supply of MANA is roughly 1,855,084,192 tokens.


FLOW

4-Flow was created by Dapper Labs, the company responsible for popular NFT collectibles like NBA Top Shots and CryptoKitties. The congestion on the Ethereum network caused by CryptoKitties' popularity made it difficult to acquire these NFTs.


At the moment of writing, the price of Flow is $1.31, and its market capitalization is $1.35 billion. The trading volume in the last 24 hours has increased by 41.78%, and it is currently at $129 million. According to CoinMarketCap, the circulating supply of Flow is approximately 1,036,200,000.


AXIE INFINITY

5-Axie Infinity gained popularity as an early GameFi game that offered players the opportunity to earn money by playing. The game acts as a cover for the staking and liquidity features of decentralized finance (DeFi). In the game, players collect, breed, and trade creatures known as Axies, which have characteristics similar to NFTs.


At the moment of writing, the price of Axie Infinity is $10.83, and its market capitalization is $1.2 billion, while its 24-hour trading volume decreased by 36% and is currently standing at $89.6 million. According to CoinMarketCap, the circulating supply of AXS is roughly 111,752,500. Axie Infinity has become a well-known GameFi title that enables players to earn money by playing the game. The game itself is a facade for the staking and liquidity aspects of DeFi, while the actual gameplay involves breeding, trading, and collecting NFT-like creatures called Axies.


Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.

Comments

Post a Comment

Popular posts from this blog

Top China Coins Ready To Skyrocket

-
Image
The Securities and Futures Commission (SFC) of Hong Kong suggested on February 20 that a licensing system be established for cryptocurrency exchanges, and in the near future, it will permit ordinary individuals to trade major cryptocurrencies such as Bitcoin and Ethereum. This article discusses the leading Chinese Coins and explains why they are likely to experience a significant increase in value soon.  Super unique NFT collection #TokenPunkies Hong Kong’s Green Signal to Crypto Trading According to the statement, every centralized cryptocurrency exchange that operates in Hong Kong is required to obtain a license from the regulatory authority. Interestingly, it appears that the United States is not the sole global financial powerhouse capable of causing market turbulence.   As mentioned previously, the People's Bank of China, the country's central bank, infused $92 billion USD into the market on Friday, surpassing the ongoing quantitative easing measures of the US Fede
Read more

Crypto Exploded a year ago

-
Image
 Since last Crypto Explosion Investors lost more than $2 Trillion       ·          A year after bitcoin peaked at more than $68,000 it’s down below $18,000.  ·          The industry has been hit with macroeconomic challenges, market forces and scandals. ·      What was dubbed the crypto winter earlier this year turned disastrous this week with the spectacular collapse of FTX. A year ago this week, investors were describing bitcoin as the future of money and ethereum as the world’s most important developer tool.  Non-fungible tokens  were exploding,  Coinbase  was trading at a record and the NBA’s Miami Heat was just into its first full season in the newly  renamed  FTX Arena. As it turns out, that was peak crypto. In the 12 months since  bitcoin  topped out at over $68,000, the two largest digital currencies have lost three-quarters of their value, collapsing alongside the riskiest tech stocks. The industry, once valued at roughly $3 trillion, now sits at around  $900 billion .
Read more

NFT Sales Surge Over 43% in Past Week, Topping $397 Million

-
Image
According to statistics that were recorded on February 18th, 2023, sales of non-fungible token (NFT) assets in the past seven days have increased by 43.97% compared to the previous week. The total amount of NFT sales for this week was $397.86 million, and there were approximately 345,716 NFT buyers and roughly 1.62 million transactions. NFT sales have continued to rise in 2023, with the past week seeing a significant surge. According to data from cryptoslam.io, NFT sales for the week were $397.86 million, representing a 43% increase from the previous week. The number of buyers has also grown by more than 77%, with a total of 345,716 NFT buyers. NFTSeller Collection Unique, Rare, Appealing Click to Visit NFT Sales Continue to Rise in 2023, Ethereum Dominates NFT Sales with 90% Market Share In terms of NFT sales on specific blockchains, Ethereum has dominated the market, accounting for more than 90% of the total sales with $360.32 million. This indicates that Ethereum is the blockchain o
Read more