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March 10 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 6.35% over the last 24 hours and fell to an intraday low of $20,042.72. The largest cryptocurrency plummeted today after the fallout from Silvergate Bank’s demise. The strong support at $21,350 was not able to hold the massive selling pressure, suggesting that bears are in command. The moving averages have completed a bearish crossover and the relative strength index (RSI) is in the oversold territory, indicating the market sentiment is negative. If the BTC/USDT pair drops below $20,000, the price may drop to $18,500. Today’s Cryptocurrency Headline Share of Crypto Startup Sold at Discounts on Secondary Markets Richard Freemanson, CEO of secondary market trading platform Birel, confirmed that shares in numerous private crypto startups are currently selling at significant discounts on Birel.io. These startups include Alchemy, Blockchain.com, Chainalysis, Kraken, ConsenSys, Blockdaemon, CoinDCX, and OpenSea. Block equity offerings by the above companies range in size from $3 million to $50 million, and discounts vary widely. Most notable were Blockchain.com and ConsenSys, who have shares on offer at discounts of 74% and 71%, respectively, to their latest funding rounds. Chainalysis shares are up for sale at a 61% discount, OpenSea stock is available at a 51% discount, and a CoinDCX block is listed at a 47% discount. The Alchemy, Blockdaemon and Kraken shares are discounted by 31%, 30% and 9%, respectively. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Are NFT Marketplaces a trend today? Which assets to choose? The anticipated release of $BLUR could force traders to reevaluate the NFT marketplace sector and create a wave of growth. In this article, we will gather the main assets from the NFT marketplace sector and compare their metrics and products. The major players in the sector, the two biggest players OpenSea and Blur have no token LooksRare ($LOOKS) Price: $0.3 ATH Price: $5.3 Market.cap: $145m ATH Market.cap: $757m FDMC: $308m Although $LOOKS is one of the largest companies in the sector, it is risky enough to buy the token. $LOOKS has a large number of stakers, some of whom bought and accumulated the token at lower prices The $LOOKS token has risen 131% in the last 3 months. SuperRare ($RARE) Price: $0.17 ATH price: $3.1 Market.cap: $56m ATH Market.cap: $317.8m FDMC: $170m One of the most popular niche marketplaces where unique art is traded, not collections. It is also interesting because it's listed on Binance, and Binance retail investors are willing to buy anything that's trending and can give profit. $RARE token is up 92% in the last 3 months X2Y2 ($X2Y2) Price: $0.21 ATH price: $3.2 Market.cap: $38.6m ATH Market.cap: $300m FDMC: $209m It is the largest volume marketplace after Blur and OpenSea, but its token is lower by all metrics than $LOOKS, for example. It can be considered as a potential alpha for narrative growth and one of the hidden gems along with $RARE. $X2Y2 is up almost 400% in the last 3 months. Rarible ($RARI) Price: $2.27 ATH price: $45 Market.cap: $867m ATH Market.cap: FDMC: $56m One of the oldest projects of the sector. It has the smallest metrics for today.. RARI token has risen 34% in the last 3 months A little bit about $BLUR The Blur project now is a direct competitor to OpenSea, whose capitalization was estimated at the market peak in 2021 at ~ $1b. The release of $BLUR with roughly the same performance for FDMC may prompt the rest of the market to review token prices for projects from the same segment and, even more interestingly, may prompt OpenSea to give up issuing shares and going public and move to prepare for a token issue so as not to lose its position in the market Conclusion This year may be a pivotal year for the entire NFT sector. The largest companies in the real sector have increased their presence in this market and almost all of them have their own initiatives for denser integration. The possible token rally of NFT marketplaces could be just the beginning of this trend Share your thoughts about NFT projects in a comments section, whether it worth trading/investing or not. Maybe you did some profit with it and you're ready to share your experience. Also check links and start trading with us! Thank you for reading!
Education
by Samura0x
8
October 21 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to IntoTheBlock, Bitcoin’s 30-day price volatility was at 31%, the lowest in almost two years. Bitcoin is up 0.27% over the last 24 hours and rose to an intraday high of $19,348.46. The largest cryptocurrency continues to trade around the $19,000 price level, suggesting a lack of demand for both sides. For now, the sideway trading activities are likely to continue as there is not much volatility in the market. Today’s Cryptocurrency Headline OpenSea Rolls Out New Analytics Tab According to OpenSea's official Twitter, the NFT market OpenSea has launched a new analytics tab on most collection pages. Most collections now include an analytics tab where users can browse trends, metrics, and collection activity. The analytics tab also includes three core metrics of volume, sales, and floor price, to help users make informed decisions. The feature is currently in the beta version and will be updated based on users' feedback. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
September 30 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the latest gross domestic product estimate from the Bureau of Economic Analysis, the US economy shrank by 0.6% during the second quarter of the year. Bitcoin is down 0.56% over the last 24 hours and fell to an intraday low of $18,843.39. The largest cryptocurrency continues trading sideways as both bulls and bears have not accumulated enough momentum to take the initiative. For now, the BTC/USDT pair is trading slightly below the 20-day exponential moving average (EMA)($19,518) and due to the lack of demand, the pair will likely be trading around the 20-day EMA for the next few days. Today’s Cryptocurrency Headline OpenSea Partners with Warner Music Group on Music NFT NFT marketplace OpenSea has partnered with American record label Warner Music Group to launch NFTs. A press release from Warner Music Group said its artists will have their own pages on OpenSea as a way to attract fans. In February this year, Universal Music Group partnered with entertainment NFT platform Curio to issue digital assets. Music streaming giant Spotify announced in May that it would begin trialing NFTs on its platform. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
September 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 4.74% over the last 24 hours and rose to an intraday high of $19,533.17. Bitcoin dropped below the immediate support at $18,626 and reached $18,126 on Sept. 21, but the price has recovered back to $19,000 over the last 24 hours, showing strong buying at lower levels. Buyers will attempt to push the price above the 20-day exponential moving average (EMA) ($19,904) to establish a relief rally. However, If the price turns down from the 20-day EMA, the bears will again try to pull the pair below the strong support zone between $18,626 and $17,622. Today’s Cryptocurrency Headline OpenSea Plans to Support More Networks and Languages ​​to Expand Global NFT Ecosystem OpenSea will add more network and language support in 2023 to expand the global NFT ecosystem. In the coming weeks and months, OpenSea will add support for more languages, including Simplified and Traditional Chinese, Korean, Japanese, French, Spanish and German. OpenSea said it firmly believes that NFTs are foundational technology that will eventually underpin thousands of use cases and industries. OpenSea will focus on solving problems that limit the application of NFTs, such as technological innovation, patience, and language differences. From the fourth quarter of 2022 until 2023, the core of OpenSea's attention will turn to Expansion, which aims to build a globalized NFT ecosystem so that people can interact with NFTs across chains, languages, and more vertically. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
An NFT ManualHello, Let us talk about 'NFT.' In this post, we will read about NFTs, where to find them, and how to buy them. Furthermore, what are they really? Indeed we have all read this sentence since this is the first thing that comes up when we Google NFT: "A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio." Well, it is not wrong. It is a non-fungible token that can be traded. They are mainly formed in 2D and 3D art forms. You can profit from hundreds to thousands of dollars by buying and selling NFTs. However, you need to be careful because there are too many scams out there. Many people get hacked, phished, or follow bad projects and lose their money. Before answering the most FAQs, have in mind that NFTs can be built on many blockchains, traded on many platforms, and bought with different types of cryptocurrencies. However, we will focus on the main, primarily used methods in this post. Where should we find NFT projects? Twitter, Instagram, and public/private chat rooms provide this information. Nevertheless, Twitter is where it all happens. All NFT projects advertise on Twitter, and we can see by the number of their followers, likes, and comments, how genuine their community is and if it is a worthy project or not. Where can we get access to mint/buy? Once we find our desired project, we should find them on discord and join their server. Different projects have different methods to White-List us to get us early access to mint/buy. Some require invites, some require being active and being helpful to their community, and some have their own unique rules. Once we get past those requirements, we will be White-Listed to mint earlier than other people. Where does it all happen? Mostly on Opensea. When we buy or mint an NFT, we need to list it to trade it or sell it again. That is when we need to pay Opensea for making a listing. Then we can list our NFTs on that listing and either take offers or set a fixed price for them. What wallet do we need? MetaMask is the wallet that is being mainly used in order to buy or mint NFTs. It is a safe wallet, and we can easily create one for free without identification. What browser should we use? Yes, Safari for Mac users and Chrome/Edge for Windows users is the preference we are familiar with. However, when talking about NFTs and MetaMask and much money, we need to switch to something safer and more compatible. Brave Browser is the one for this use. It also provides its own wallet, but we can always connect our MetaMask. What is minting? Most simply: When we decide to buy an NFT, we have to produce it, validate it into existence, create a new block for it, and set its information. Do not worry, it all happens automatically, we only need to pay the Gas fees. Important tips: Turn your DMs off on Discord. Do NOT connect your wallets to unknown websites. Use Brave Browser. Have you ever traded NFTs? What do you think the pros and cons are? Let us know your ideas. Good luck.
Education
by ShawnMCR
6
An NFT ManualHello, Let us talk about 'NFT.' In this post, we will read about NFTs, where to find them, and how to buy them. Furthermore, what are they really? Indeed we have all read this sentence since this is the first thing that comes up when we Google NFT: "A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio." Well, it is not wrong. It is a non-fungible token that can be traded. They are mainly formed in 2D and 3D art forms. You can profit from hundreds to thousands of dollars by buying and selling NFTs. However, you need to be careful because there are too many scams out there. Many people get hacked, phished, or follow bad projects and lose their money. Before answering the most FAQs, have in mind that NFTs can be built on many blockchains, traded on many platforms, and bought with different types of cryptocurrencies. However, we will focus on the main, primarily used methods in this post. Where should we find NFT projects? Twitter, Instagram, and public/private chat rooms provide this information. Nevertheless, Twitter is where it all happens. All NFT projects advertise on Twitter, and we can see by the number of their followers, likes, and comments, how genuine their community is and if it is a worthy project or not. Where can we get access to mint/buy? Once we find our desired project, we should find them on discord and join their server. Different projects have different methods to White-List us to get us early access to mint/buy. Some require invites, some require being active and being helpful to their community, and some have their own unique rules. Once we get past those requirements, we will be White-Listed to mint earlier than other people. Where does it all happen? Mostly on Opensea. When we buy or mint an NFT, we need to list it to trade it or sell it again. That is when we need to pay Opensea for making a listing. Then we can list our NFTs on that listing and either take offers or set a fixed price for them. What wallet do we need? MetaMask is the wallet that is being mainly used in order to buy or mint NFTs. It is a safe wallet, and we can easily create one for free without identification. What browser should we use? Yes, Safari for Mac users and Chrome/Edge for Windows users is the preference we are familiar with. However, when talking about NFTs and MetaMask and much money, we need to switch to something safer and more compatible. Brave Browser is the one for this use. It also provides its own wallet, but we can always connect our MetaMask. What is minting? Most simply: When we decide to buy an NFT, we have to produce it, validate it into existence, create a new block for it, and set its information. Do not worry, it all happens automatically, we only need to pay the Gas fees. Important tips: Turn your DMs off on Discord. Do NOT connect your wallets to unknown websites. Use Brave Browser. Have you ever traded NFTs? What do you think the pros and cons are? Let us know your ideas. Good luck.
BITSTAMP:BTCUSDEducation
by ShawnMCR
16
Proof-of-Space-and-Time - The Upcoming Race for Storage SpaceIf you're looking for a long-term investment with a potentially high upside, the CHIA Network (XCH) has been slowly gaining ground in the crypto sphere among a few enthusiasts out there. Originally founded by the creator of BitTorrent, the CHIA Network has an entirely different validation system from Proof-of-Work (PoW) or Proof-of-Stake (PoS) and uses an algorithm called Proof-of-SpaceTime (PoST) to validate transactions. The cryptocurrency markets -- particularly in NFT and metaverse-related projects -- is facing a big issue right now: the lack of effective storage systems for decentralized platforms. Many of the currently "minted" NFTs have URLs that point to a basic web server, which creates a vulnerability in the crypto ecosystem that has largely gone unaddressed. For now, the images that you see on many platforms are alive and well, but as companies and project leads start to exit the space, we're going to start to see a lot more broken links show up on something that was *supposed* to be permanent on the blockchain. (There will probably be a lot of people who will get very mad when this happens is my guess, but there is no company to sue for damages, in this case. Blockchain!) Decentralized storage systems like Filecoin (FIL), Storj (STORJ), Inter Planetary File System (IPFS) has its maintenance requirements as well (it's not automatically permanent as some believe), but because its systems are decentralized, it makes it much easier for people to pass the torch onto successors if necessary. It might seem like a small thing, but it's actually a big difference compared to the usual way of someone paying for web hosting using a single credit card, which can often be unreliable and legally complicated to enforce. Yes, that would mean that even the URLs on popular NFT minting sites are in danger of "disappearing" completely. But don't worry -- that doesn't necessarily mean that the NFT that you bought is worthless -- yet. Given that there's so much money behind many of these platforms at this point, they're not likely to let it go to 0 -- the way this can be "fixed" is to migrate or modify these NFTs into a more permanent form later on. Whether or not the minting platforms decide to protect their customers or leave them out to dry is yet to be seen, but the option to solve this problem is at least there. (And would become the new standard thereafter, I'm guessing.) Right now the high gas fees on ETH make either option too cost prohibitive -- but if the ETH 2 upgrade goes as planned, a "re-minting" process may become a thing. Or the ETH team themselves might allow for the URL to change, as long as the change itself gets recorded in the blockchain as well. Either way, the demand for hard drives and storage spaces is likely to go way up, especially as NFTs start to introduce video elements to its ecosystem over time. (NFT platforms typically avoid videos because the file size requirements are huge compared to single-still images -- but we do live in a world where video is what everyone comes to expect.) This is a problem with a solution already there, except that people aren't aware that the problem exists yet. This is usually a signal that it's a good time to buy. XCH is likely to get more popular *after* proof-of-storage solutions such as FIL and STORJ become more commonplace since people will be looking at all the storage spaces they have and possibly look to be making some extra money -- it's a way to diversify one's resources, if anything. Why not?
Long
by RyanTanaka
Solana & OpenSea (NFT Community)Hello, This post is for the NFT community interested in Solana projects. As we know, OpenSea is the world's first and largest NFT marketplace. OpenSea is working on Solana integration as well as Phantom Wallet support. Phantom Wallet is the most used wallet on the Solana network. Ethereum gas fees are way too high even to be trading NFT sometimes. But Solana, on the other hand, does not bring this issue up. The information about this great integration is not that much right now. But we will make sure to keep this post updated when we get more data. However, after this integration, many NFT traders will be interested in SOL projects as well, which might be an excellent success for Solana-based NFT artists. If you have more information about this new event, let us know in the comments section. Thank you for reading this.
by ShawnMCR
6
$looksrare not just a flash in the pan #opensea competitor #NFTFor much of 2021 OpenSea was the market leader in the nascent NFT space…trading volume in several sought after projects serve to ensure that the revenue generated as well as venture capital interest increase. Most recent reports points to a 300.0M raise pushing value to $13.0B +/- one wonders why the need to raise cash if you are sitting on a cash machine. But that is the story for another time. Yet while the good times roll…OpenSea committed the #1 faux pas…failing to provide a support base for its stake holders. see review on substack
FTX:LOOKSUSDLong
by TwoBULLISH
$SOSdexscreener.com SOS is currently only on Uniswap. It's a DAO that was set up as a form of protest against Opensea not doing an airdrop for it's users and instead going the traditional VC / IPO route. The airdrop went out to all Opensea users. There's several avenues that can be exploited to turn this thing into an epic moonshot. The potential to harvest Opensea users in a sort of beneficial vampire attack like SUSHI did to UNI is just one of the possibilities here. There's something like 10 trillion tokens, which is attractive to unit bias traders. The potential for massive burns can skyrocket value like we saw with Safemoon and just recently SPELL.
COINBASE:ETHUSDLong
by vccrypto