tip: frenzy of NFT's token ! FLOWUSDT analysis
Updated
Soaring Prices for FLOW ,Enjin,chiliz and Rarible Reveal Risks of ‘NFT Marketplace’ Tokens
today we hear from news about A $6.6 million digital token representing an animated clip of a graffiti-covered Donald Trump lying face down in the grass. A $1 million batch of 34 “digital collectibles” known as CryptoPunks. A $69,000 dogecoin-inspired digital token representing a pixelated cat image.
The price tags for these “non-fungible tokens,” or NFTs, might seem daunting, inaccessible or downright ridiculous to the average person.
That’s why some cryptocurrency traders, rather than buying NFTs directly, are buying digital tokens affiliated with the marketplaces that have popped up for trading NFTs. This way traders can bet on the NFT industry’s growth without having to go all-in on some sky-high priced digital artwork or trading card.
What is 🌟Flow🌟?
The Beginner’s Guide
The platform for a new generation of games, apps, and the digital assets that power them.
Imagine this: You launch a hugely successful decentralized application (dapp) on Ethereum, but your game is so popular, it renders the blockchain itself almost unusable.
Sound far fetched? That’s the story of CryptoKitties, a hugely viral trading game launched in 2017 that allowed users to buy, collect and breed digital cats.
Frustrated with Ethereum, the developers behind CryptoKitties set out to solve the technology problems they encountered. In the process, they created a new blockchain designed specifically for games and digital collectables like the ones that they had helped popularize.
❇️"The Flow playground, launched in 2020, allows developers to create and trade a particular type of digital asset called a non-fungible token (NFT). An NFT is like other crypto assets in how it can be bought, sold and exchanged over the internet without a middleman.
However, there’s one crucial difference. With an NFT, every asset on the blockchain is unique, and it trades for its own specific price. (You can think of an NFT as a kind of digital trading card.) "
With Flow, the team behind CryptoKitties is seeking to create a new platform that allows these types of applications to attract a larger number of mainstream users.
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✅TECHNICAL ANALYSIS
this token has just entered the cryptomarket recently and we can not have a complete technical analysis for it, but considering the strong fundamentals and the fact that one of the prominent of Google has invested in it, we can look at it as a long-term investment.
Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps), With proper capital and risk management and by setting stop-loss because everything in this cryptomarket is almost based on probabilities and there is no certainty.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
today we hear from news about A $6.6 million digital token representing an animated clip of a graffiti-covered Donald Trump lying face down in the grass. A $1 million batch of 34 “digital collectibles” known as CryptoPunks. A $69,000 dogecoin-inspired digital token representing a pixelated cat image.
The price tags for these “non-fungible tokens,” or NFTs, might seem daunting, inaccessible or downright ridiculous to the average person.
That’s why some cryptocurrency traders, rather than buying NFTs directly, are buying digital tokens affiliated with the marketplaces that have popped up for trading NFTs. This way traders can bet on the NFT industry’s growth without having to go all-in on some sky-high priced digital artwork or trading card.
What is 🌟Flow🌟?
The Beginner’s Guide
The platform for a new generation of games, apps, and the digital assets that power them.
Imagine this: You launch a hugely successful decentralized application (dapp) on Ethereum, but your game is so popular, it renders the blockchain itself almost unusable.
Sound far fetched? That’s the story of CryptoKitties, a hugely viral trading game launched in 2017 that allowed users to buy, collect and breed digital cats.
Frustrated with Ethereum, the developers behind CryptoKitties set out to solve the technology problems they encountered. In the process, they created a new blockchain designed specifically for games and digital collectables like the ones that they had helped popularize.
❇️"The Flow playground, launched in 2020, allows developers to create and trade a particular type of digital asset called a non-fungible token (NFT). An NFT is like other crypto assets in how it can be bought, sold and exchanged over the internet without a middleman.
However, there’s one crucial difference. With an NFT, every asset on the blockchain is unique, and it trades for its own specific price. (You can think of an NFT as a kind of digital trading card.) "
With Flow, the team behind CryptoKitties is seeking to create a new platform that allows these types of applications to attract a larger number of mainstream users.
--------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
this token has just entered the cryptomarket recently and we can not have a complete technical analysis for it, but considering the strong fundamentals and the fact that one of the prominent of Google has invested in it, we can look at it as a long-term investment.
Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps), With proper capital and risk management and by setting stop-loss because everything in this cryptomarket is almost based on probabilities and there is no certainty.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
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