Daily revenue for GameStop’s nonfungible token (NFT) marketplace has plummeted to under $4,000, suggesting that interest in the platform has waned significantly since launching in mid-July. According to data from DappRadar, GameStop NFT has generated roughly $166,800 worth of sales volume over the past 24 hours. With the platform charging only a 2.25% fee on…
What is the use of trend lines? Bullish and bearish trends are hot topics among technical analysts and traders because they ensure that underlying market conditions work in favor of a trader’s position, rather than against them. Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together. The…
What is a bounty? A bounty is an amount paid by a government or commercial entity to reward certain activities or behaviors in order to achieve an economic goal or solve a problem. Key points to remember In the cryptocurrency world, bounty programs are used by coin developers to incentivize actions before the initial coin…
Cardano founder Charles Hoskinson has continued to refute claims that the Cardano’s testnet is “catastrophically broken,” implying the need to finally move forward with the long-delayed Vasil hard fork. In a Twitter thread on Sunday, Hoskinson shared his frustration concerning some of the videos claiming Cardano’s testnet has a “catastrophic” issue, which stems from a…
Active or Passive Investing in ETFs: An Overview Traditional exchange-traded funds (ETFs) come in hundreds of varieties, tracking almost any index you can imagine. ETFs offer all the benefits associated with index mutual funds, including low turnover, low cost and broad diversification, plus their expense ratios are significantly lower. While passive investing is a popular…
final verdict There seem to be as many used car sites as there are used car types, buyers, and sellers. Nevertheless, Autotrader stands out from the crowd due to its long history of selling used cars online and advanced search tools that make it easy to find the perfect car. For those looking for a…
FTX was among the many crypto exchanges with a front-row seat to witness the crypto hype of 2021, back when Bitcoin (BTC) and other cryptocurrencies hit their all-time highs. Driven by massive customer onboarding, partnerships, sponsorships and other factors, FTX’s revenue reportedly grew 1000% in 2021 — revealed internal documents. Audited financials of FY 2020-2021…
What is a monopoly? A monopoly is a market structure where a single seller or producer assumes a dominant position in an industry or sector. Monopolies are discouraged in market economies because they stifle competition and limit substitutes for consumers. In the United States, antitrust laws are in place to restrict monopolies, ensuring that a…
A familiar face is back in the cryptocurrency ecosystem. Lured by the prospect of quick profits in a rapidly appreciating asset class, retail investors are returning for a second run in the crypto ecosystem. The 2017 bull run in crypto markets was largely fueled by retail investors. At that time, their entry helped push Bitcoin…