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Showing posts with the label million

From millions to pennies: the astonishing decline of iconic NFTs

Several iconic NFTs, once heralded as groundbreaking investments, have taken significant hits in their values. Let’s delve into the detailed stories of these NFTs, exploring what they are, why they declined in value, and what these cases signify for the NFT market. In the swirling world of NFTs, the digital representations of unique assets, values can ascend to astronomical heights and plummet to surprising lows. This exploration dives into this complex and fascinating arena, examining the highs and lows, the triumphs and pitfalls, and the lessons learned from the ever-evolving landscape of digital collectibles. You might also like: Ethscriptions vs Ordinals: a deep dive into the new web3 phenomena Jack Dorsey’s first tweet In 2021, Twitter founder Jack Dorsey took an unusual step that captured global attention: He converted his very first tweet into an NFT and sold it for a staggering $2.9 million .  The tweet, a simple statement reading “just setting up my t...

Over 25.5 million ethereum staked, more ETH holders withdrawing from exchanges

Ethereum (ETH) prices are roughly 18% from June 2023 lows at the back of increasing ETH staking and massive withdrawals from centralized cryptocurrency exchanges like Binance and Coinbase.  As of June 25, ETH is changing hands at $1,912, steady in the past two days but trading within a bullish formation following sharp gains this week.  Further buoyed by fundamental factors, traders are confident that there could be more price gains above immediate liquidation levels, including April 2023 highs at $2,100. More ethereum staked According to Etherscan data, there have been over 216,000 transactions that have seen users stake over 25.5 million ETH worth over $48.9 billion at spot rates. Notably, this trajectory has been steadily rising, indicating support from the broader Ethereum community and confidence in the state of the network. You might also like: Ethereum’s zkSync Era reaches $500m in TVL Ethereum recently shifted from a proof-of-work to a proof-of-stak...

Shiba Inu Opens Access to 150 million New Users

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Alpha Topup, a B2B solution providing top-up and data services, has announced that it will accept Shiba Inu (SHIB) for mobile top-up. Alpha Topup’s website shows the firm has 150 million users across 160 countries. Moreover, the firm has a network of over 1200 mobile operators. According to their official tweet, Alpha Topup considered SHIB the “hottest meme coin of the year.” The development could potentially open the doors to a whole new user base for Shiba Inu (SHIB). Dive into the future with @Shibtoken! Use #SHIB to top-up your phone, shop online, or explore the upcoming #SHIB metaverse. With #AlphaTopup, we make it easy. Join us and redefine how you transact online! Come on board, #SHIBARMY! https://t.co/8YXKSdMRLY — UQUID (@uquidcard) May 11, 2023 There is no doubt that SHIB is one of the most popular crypto projects out there. Therefore, several firms have tried to incorporate SHIB payments in their operations. SHIB fans, popularly called the SHIB Army...