While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their … [Read more...] about NFT prices misfire as OpenSea daily active user volume drops 30% in a week
Prices
No, Tech Stocks Aren’t Driving Crypto Prices
Yet the narrative of bitcoin offsetting the devaluing dollar is even weaker than the one about it being a tech-related investment. The correlation coefficient between bitcoin and the U.S. Dollar Index is just -0.13. Against U.S. bonds, represented by the iShares 20+ Year Treasury Bond ETF (TLT), it is just -0.02. In other words, no relationship at all. Source link … [Read more...] about No, Tech Stocks Aren’t Driving Crypto Prices
Land Prices Surge on Cardano Metaverse Project Pavia
The project comes at a time when virtual land plots are being sold for millions of dollars on virtual ecosystems, built on blockchains like Ethereum. The plots on pavia were listed for as high as 30,000 cardano (≈$45,600 at the time of writing) on the Cardano NFT marketplace CNFT. Source link … [Read more...] about Land Prices Surge on Cardano Metaverse Project Pavia
Crypto Prices Rise on Better-Than-Expected U.S. Inflation News
The relative strength index (RSI) on the four-hour chart is approaching overbought levels, similar to what occurred in late December, which preceded a brief pullback. The RSI on the daily chart, however, continues to rise from oversold levels, which means buyers could remain active on price dips. Source link … [Read more...] about Crypto Prices Rise on Better-Than-Expected U.S. Inflation News
Crypto Crime Hit All-Time High of $14B in 2021 as Prices Climbed: Chainalysis
Scams accounted for the lion’s share of crime in 2021, rising 82% to reach $7.8 billion. According to Chainalysis’ report, nearly $3 million of that total came from rug pulls, which are an increasingly popular crypto scam where developers build legitimate-looking projects, load their pockets and then disappear. Source link … [Read more...] about Crypto Crime Hit All-Time High of $14B in 2021 as Prices Climbed: Chainalysis