There are different cryptocurrencies which include tokens. Understanding the type of tokens helps people to make informed investment decisions. At times, investors lose out when they invest in crypto projects which they do not fully understand. Yet, in some cases, people get lower rates of return than they expect.
Author: Mashell Chapeyama
Mashell Chapeyama
I am Mashell Chapeyama, a crypto writer, analyst, and researcher. My burning interest in cryptocurrencies and the blockchain compels me to share the knowledge I have gained over the past 10 years with all other crypto enthusiasts around the world.
Cryptocurrencies are performing many functions in the global economy. Even some governments, which previously were sceptical about cryptocurrencies, are appreciating their contributions to their national economies.
Non-fungible tokens, also called crypto-collectibles, are digital assets which represent physical things, digital assets or cameos. Examples of things which NFTs represent are pieces of art, tickets, university degrees, commercial real estate, or in-game items for online games.
The first thing which many crypto lovers around the world do in the morning is to check prices of cryptocurrencies of their choice. This is because prices of cryptocurrencies determine part of one’s wealth, since coins or tokens are their assets.
Bitcoin sets another milestone as one percent of its circulating supply exists as WBTC. Wrapped BTC (WBTC) is an ERC20 token, thus existing on the ethereum blockchain and is integrated into ethereum wallets and dApps.
Cardano, currently ranked number five top cryptocurrency, based on market cap, has set a new milestone in terms of staking. According to PoolTool, it has 608,391 staking wallets from 2,561 active tools.
With many cryptocurrency projects coming onboard, cases of pump and dumps are increasing. The best way to avoid the trap of a pump and dump situation is to understand crypto dynamics.
Non-fungible tokens, created on the ethereum blockchain, have opened many opportunities for artists and other content creators to earn passive income. By definition, Non-fungible tokens (NFTs) are digital assets existing on the blockchain which show ownership of a rare, unique and scarce product.
The recent market crash and the subsequent fall in market activities have resulted in the sudden fall of transaction fees of BTC and ETH. According to Bitinfocharts, the transaction fees of BTC reached an all-time-high of $62.77 within the last six months in April 2021. Ever since that time, the average gas fees have been very high.
Coinbase reports on its blog that people can use its card, together with Apple Pay and Google Pay to make payments in cryptocurrencies. This is convenient for people to pay for their services and products on a daily basis.