Author: NFT Evening
Non-fungible tokens (NFTs) have gained significant attention since the 2021 bull market. As unique digital assets, they are unlike any other forms of cryptocurrency or digital items. But why do people buy NFTs? In this guide, we will explore why they buy NFTs and the main reasons behind this trend, discuss whether people are still buying NFTs, and provide answers to common questions.Key Takeaways:NFTs, or Non-Fungible Tokens, are one-of-a-kind digital items stored on the blockchain, that prove ownership for items like digital art, music, and collectibles, unlike regular cryptocurrencies that can be exchanged equally.People buy NFTs for ownership, supporting creators, scarcity,…
CryptoPunk 1563 Transaction Raises DoubtsCryptoPunk 1563 was sold this afternoon for 24,000 ETH, or $56.3 million, in what appeared to be a large transaction. However, several visible and concealed red flags arose, raising concerns about the sale’s legality.About $69,000 in ETH was paid in September for the purchase of CryptoPunk 1563. This raises questions as it is considered a “floor Punk,” meaning it usually sells near the entry-level price for the collection. With no rare attributes, there’s no reason to justify such an Extensive analysis of on-chain data indicates that the transaction was a component of a flash loan program.…
Many crypto investors and traders want to make profits, but they may not have the time or skills to do it all manually. This is where crypto trading bots come in. These bots can help you trade automatically, making it easier to buy and sell coins.In this guide, we will look at 8 best crypto trading bots. We will compare them based on the number of exchanges they support, their prices, trading strategies, and whether they offer a free plan. This will help you find the right bot for your trading needs.Key Takeaways:The crypto trading bot is a software tool…
Entering the NFT space can seem complex, but understanding how to buy NFTs is essential as the market is projected to reach a staggering USD 222.79 billion by 2031 (Source: Verified Market Research). With unique digital assets ranging from art to virtual real estate, NFTs have become a popular form of investment. Navigating the NFT space begins with choosing the right platform, securing a digital wallet, and following a step-by-step process. This guide will walk you through the essential steps needed to confidently buy an NFT.Key Takeaways:An NFT, or non-fungible token, is a unique digital asset that represents ownership of a…
September NFT Sales Reach Lowest Volume Since 2021Since January 2021, NFT sales have not been this low as of September. All sales came to $296 million, down 20% from August and 81% from March, according to data from CryptoSlam. In the NFT market, which has experienced a reduction in sales and user engagement in recent months, this notable drop indicates persistent issues.The quantity of transactions experienced a significant decrease in addition to the overall sales volume drop. From 7.3 million in August to 4.9 million in September, NFT transactions decreased. The mean transaction value had a marginal rise in spite…
Bitcoin has become a popular digital currency, but to use it, you need a secure place to store it. This is where a Bitcoin wallet comes in. It acts as a digital storage tool that keeps your BTC safe and helps you manage your transactions. In this guide, you will learn what is a Bitcoin wallet and how it works.Key Takeaways:A Bitcoin wallet is a digital tool that stores private and public keys, allowing you to manage, send, and receive Bitcoin securely on various devices.There are different types of Bitcoin wallets, including mobile, desktop, web-based, hardware, and paper wallets, each…
Buying Bitcoin can seem overwhelming at first, but it is easier than you might think. With the rise of digital currencies, many people want to know how to buy Bitcoin and invest in this exciting market. This guide will walk you through the steps you need to follow, from choosing the right platform to understanding how to store your Bitcoin safely.Key Takeaways:You can buy Bitcoin using popular crypto exchanges like Binance, Coinbase, and OKX, as well as payment methods such as credit cards, PayPal, and Bitcoin ATMs for easy transactions.Buying Bitcoin involves selecting a crypto platform, creating an account, depositing funds,…
SUI Altcoin Breaks Through $1.8Recently, the SUI blockchain’s native token has surpassed $1.8 and reached a high of $1.8796. As of right now, it is trading at $1.84, up 7.23% from the previous day. This most recent increase is attracting the attention of crypto traders and investors as it suggests significant market momentum. Considering the volatility that many crypto experience, SUI’s performance sticks out as a noteworthy bright spot in the crypto market.Over the past week, SUI has experienced a significant boost, rising by 19.18%. Many members of the community have expressed hope about the token’s future as a result…
NFT Sales Decline in SeptemberSales declined in September, causing further damage to the NFT sector. Sales for the month came to $296 million overall, a noticeable 20% decrease from August’s $373 million, according to data from CryptoSlam. It is concerning because this loss marks an 81% drop from the peak sales figure of $1.6 billion achieved in March 2024.The monthly sales volume dropped below $109 million, or less than $300 million, for the first time since January 2021.NFT transactions also saw a notable drop in addition to this revenue loss. There were only 4.9 million transactions in September, down 32%…
Learning how to set up a crypto wallet is key for storing and managing your digital assets. A crypto wallet lets you send, receive, and track your cryptocurrencies securely. With different types available, choosing the right wallet can affect your experience. This guide will show you how to get a crypto wallet that meets your needs, ensuring your investment is protected. Let’s look at the types of wallets and how to create one today.Key Takeaways:A crypto wallet is a digital tool that allows you to hold, send, and receive cryptocurrencies, serving as the online equivalent of a traditional wallet.There are various…