Sitting in my empty office, I began to go down the crypto rabbit hole. And the more I learned, the more I was pulled in.
Note: Asset descriptions are only added at the minting or creation stage. At the listing stage, only the price and selling method can be specified but nothing about the NFT can be changed including the provenance of the art. .
Ethereum (ETH)Litecoin (LTC)Cardano (ADA)Polkadot (DOT)Binance Coin (BNB)Internet Computer Protocol (ICP)
Cryptocurrency mining is the process by which recent cryptocurrency transactions are checked and new blocks are added to the blockchain.
Hair, J. F., Ringle, C. M., and Sarstedt, M. (2011). PLS-SEM: indeed a silver bullet. J. Mark. Theory Pract. 19, 139–151. doi: 10.2753/MTP1069-6679190202
Above we can see the BraveNewCoin Liquid Index future price chart for Bitcoin, courtesy of user daanafgaan on TradingView.
Not with NFTs, which are tokenized to create a digital certificate of ownership. One can buy the NFT and sell. Every NFT has an embedded unique ID (metadata). It is this ID which makes this a matchless piece. Information about every ownership transfer is registered on the blockchain.
In other cases, to sell NFTs, content creators need to go to their accounts on the NFT marketplaces and locate the digital items from their NFT collections. Once they find needed NFT items, they will need to click on them. This action will reveal a “sell” or “list for sale” button. Once the creators have this option, they can click on it and define the selling method whether it would be an auction or a fixed “buy it now” price.
Solana (SOL) continues to break out to new highs and steal the spotlight from everyone else. Its new highs in August, September and October far outstrip the highs it reached during the first bull run in 2021 and these highs will probably continue into 2022.
Within its first eight days of existence, DogeZilla has been said to have grown into a super microcap of $500million from just $50,000.
Bitcoin, the article read, was going through an especially rough patch. Its price, which was in a constant state of volatility, had fallen from a high of $1.2k in 2013 to $300. My mind raced: What if it goes up again? What if I put everything I had into this? I could get rich and never work another day in corporate America…
The only thing holding Ethereum back is that it still hasn’t completed its transition to proof-of-stake which is taking place over several upgrades. However, some have estimated that the work could be completed by May or June 2022.
Alright, now let’s go over the various ways to profit from your NFT purchase in-depth.
Axie Infinity is known for being one of the best early Pokémon-style games. It is a play-to-earn game developed on the Ethereum blockchain. Axie Infinity emerged as a formidable contender while moving into 2021. The credit goes to Axie Infinity’s outstanding improvements and its growing player base.
All that’s left to do now is to create the actual NFT. If you’re wondering “where can I sell my digital art?”, I have two words for you - NFT marketplaces. And, in this realm, OpenSea stands tall above them all.
Experts only recommend this method for people who feel confident enough to time the coin markets, knowing the fundamentals well enough to consistently buy at a lower value and sell at a higher value. Some people may even buy the same coin at different price points, using dollar cost averaging, provided they’re confident of selling enough at a profit.
In this article, we will examine the top 3 cryptocurrencies due to exploding in 2022, why they will explode, and how much a wise investor should invest in them.