Approach to Inflation Protection: Most economically savvy people have heard of inflation. Commonly used in a negative light, everyone knows that it lowers a currency’s purchasing power. But what exactly is inflation, and how can cryptocurrency protect itself from it? To help shed light on the causes of inflation and the role that digital assets play in this complex financial phenomenon, BeInCrypto has compiled a helpful guide. What is Inflation? The basic definition of inflation is the general trend toward higher prices across the board as a result of a decline in the purchasing power of a currency. There are…
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Shorting Bitcoin: People in the trading industry often use the term “shorting Bitcoin” to indicate that they are predicting a decline in the price of Bitcoin. Where the ordinary individual gets involved and how traders can profit from a decline in asset value are less apparent. Learn the ins and outs of shorting and how it relates to the Bitcoin market with this helpful tutorial. How Does Shorting Crypto Work? The underlying idea behind shorting is to profit from an asset’s decline in value. This may sound backward, but there are multiple approaches; we’ll go over the most popular ones.…
Crypto Investment Apps: Investing and trading were once reserved for accredited investors and experts, but those days are over. The proliferation of smartphones has facilitated the creation of user-friendly platforms and apps, making trading and investing accessible to a wider audience. This article will select the top investment apps for 2024 because there are so many options. Why Use an Investment/trading App? It would be best to arm yourself with knowledge before diving in headfirst by reading our crypto charts tutorial. The same principles and technical indicators apply to stock and FX trading. With the help of trading and investment…
What Are NFTs? Imagine someone presented you with an artwork by Leonardo da Vinci. You might not believe it if I told you it wasn’t a Da Vinci original. Finding a nearby art expert to verify the painting’s authenticity could be a good idea if the donor was someone you could trust. The professional would personally visit your house to analyze the artwork’s composition. An expert would convene a panel of assessors to determine if it was a well-painted forgery if they felt it was like Da Vinci. It may be excessive, but there’s no other way to tell if…
Top 10 NFT Marketplaces in 2024 By Coinindesk. Perhaps 2021 will be viewed as a watershed moment in the annals of art history. When asked to date the global explosion of NFTs, historians may refer to 2021. Tremendous sums of money are starting to be demanded for NFTs. In January 2021, just under USD 12 million was the total NFT sales for the six primary markets monitored by cryptoart.io. This had grown to more than USD 200 million by March of 2021. In just two months, that number has increased sixteenfold. The terrifying thing is that NFTs are just starting…
OpenSea NFT Marketplace: Among the most sought-after assets globally are non-fungible tokens, or NFTs. The exponential growth in cryptocurrency use suggests that this market will be there for quite some time. Specific tokens offer several advantages to collectors, making them desirable items and attractive investments. You can use an NFT marketplace to acquire these NFTs instead of minting them yourself. There may be hundreds of them now, but OpenSea was the first. Consequently, it accommodates various famous and esoteric NFT projects and is one of the most trustworthy and extensively utilized online marketplaces. This OpenSea overview will objectively assess the…
Utility NFTs: are digital assets that offer owners value through attached perks, specified privileges, rewards, and experiences. In 2021, non-fungible tokens (NFTs) skyrocketed in popularity, capturing people’s interest first due to their link to rare and expensive artifacts. Despite their existence since 2014, NFTs have shaken up the art world and digital collectibles in 2021. When Beeple’s NFT “Everyday: The First 5,000 Days” sold for $69 million at Christie’s, they gained even more international notice. However, many people thought NFTs were useless because they didn’t have any inherent value. A new age known as NFT 2.0, value-added NFTs, or functional/utility…
Generative Art NFTs. Generative art NFTs are digital artworks created using algorithms and minted as unique tokens on the blockchain. Through generative art, automated systems can produce one-of-a-kind works of art. Minting these artworks as nonfungible tokens (NFTs) on a blockchain provides a secure and verifiable record of ownership and authenticity. Generative art’s rise in the digital era signifies a sea change in the production and dissemination of art. Using advanced computational methods and programming languages like Python, Processing, and p5.js, artists can now create works of art that can change over time or react to different stimuli. There are…
What is GameFi? The gaming business is worth about $400 billion and is predicted to grow accelerated in the following years. A problem exists, though, with conventional gaming. The user genuinely owns nothing in the game. The game developer can alter the rules to remove features or adjust the in-game currency at any moment. GameFi is unique because it allows players to own in-game assets and, in many cases, earn tokens just by playing the game. Here, we’ll examine GameFi, its functions, and how to begin using it. We will also discuss how GameFi could influence the gaming industry in…
What are DEXTools? Despite the many advantages, including self-custody and access to global markets, the technical complexity of DeFi exchanges has prevented their widespread use. Despite the advancements in aggregators and liquidity pools, traders still face challenges accessing aggregated, real-time market data. DEXTools, a tool designed to tackle fundamental obstacles in decentralized finance head-on, claims to be able to help in this regard. By unifying data from disparate exchanges and networks into a user-friendly interface, DEXTools gives traders of all skill levels the confidence to participate in these DeFi marketplaces. Previously inaccessible insights into dynamic market patterns are now at…