Successfully backing up a crypto wallet will help prevent you from ever losing access to your cryptocurrencies and other digital assets. For example, if your crypto wallet is lost or damaged you will still be able to recover your funds if you have backed it up properly. The two main ways are through manual backups […]
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1. What is an impermanent loss in yield farming? When a token price rises or falls after you deposit it in a liquidity pool, this is known as crypto liquidity pools’ impermanent loss (IL). Yield farming, in which you lend your tokens to gain rewards, is directly related to impermanent loss. However, it is not the
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The rise of Bitcoin NFT (Non-Fungible Token) mints has increased demand for transaction processing on the Bitcoin network. As a result, transaction fees have also increased as users compete for limited block space in the blockchain. This is due to the limited capacity of the Bitcoin network and its design as a decentralized system with
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It is difficult to predict the future of NFTs and the Bitcoin market. NFTs have gained popularity in recent years and some experts believe they will continue to grow in popularity and value. However, the cryptocurrency and NFT markets are highly volatile and subject to rapid changes. It is important to thoroughly research and understand
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The all-time crypto market cap peak for the total market capitalization of cryptocurrencies was reached on January 7, 2018, when it reached an all-time high of over $830 billion. This crypto market cap peak was driven largely by the tremendous increase in the price of bitcoin, which reached an all-time high of almost $65,000 per
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In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset’s market capitalization has dropped
On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above the floor value associated with the BAYC
NFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored Apes Read More »
