Only In Crypto: A Croissant Breaks Down How GameStop & NFTs Will Boost Ethereum
On a strong bullish momentum, Ethereum records a 17% profit in the past week trading north of its levels before May’s crash. At the time of writing, ETH stands at $3,782 with a 6.7% profit in the daily chart. The second cryptocurrency by market cap has been outperforming Bitcoin. The price of BTC seems stuck in the $48,000 to $52,000 range and, should it sustain these levels, ETH could continue to benefit in the short term. Investment firm Delphi Digital claimed that ETH has broken out of a “Multi-year long-term wedge”, as seen in the chart below. Since funding rates across derivates are....
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Video game retailer GameStop has entered the non-fungible token (NFT) space. According to the Wall Street Journal, it is forming a division to develop a marketplace for non-fungible tokens and form cryptocurrency partnerships with crypto firms. GameStop To Build NFT Marketplace According to the WSJ story, the company has employed more than 20 individuals to oversee the unit, which is developing an online hub for buying, selling, and trading NFTs of virtual videogame artifacts like avatar clothing and weaponry. GameStop launched its NFT website last year and has been inviting creators to....
A croissant has recently laid out an argument for Ethereum becoming a leading asset in the world. The Twitter handle which is known as @CroissantETH shared some interesting facts around the second-largest cryptocurrency in the space. These made for some sound arguments and have really shown why Ethereum has the potential to become of the […]
The debate over ownership in Web3 has waxed on stronger as prominent figures like Elon Musk and Jack Dorsey have continued to fan the flames. This has prompted those in the space to come to the defense of Web3 and provide much-needed explanations about Web3. One of those is a croissant on Twitter which makes informative threads revolving mostly around Ethereum. This time around, the croissant replied to SpaceX CEO, Elon Musk, regarding his stance on Web3. Musk had posted a tweet mocking the innovation asking if anyone had seen it, as he joked that he couldn’t it. Subsequently, the....
Gaming retailer GameStop has revealed a new Ethereum crypto and NFT wallet that users can download a beta of starting today. GameStop Launches Beta Version Of A New Wallet For Storing Ethereum Tokens And NFTs As announced by the company in a tweet, the retailer’s wallet is now online and users can download it from […]
Meme tokens are cryptocurrencies with increased popularity within a short period. The remarkable acceptance of this type of cryptocurrency comes from the activities of retail investors or influencers. As a result, the meme cryptocurrencies have experienced tremendous growth throughout 2021. This explains the new market capitalization of the coins, which is more than 43 billion. The meme cryptocurrencies are gaining more adoption in different sectors, of which Dogecoin and Shiba Inu are the top tokens with astronomical increases. In addition, some companies like AMC Theatres, Guaranty....