Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
NFT Scams
NFT Scams – Most Common Scams in the NFT Space
As the popularity of NFTs (non-fungible tokens) continues to grow, so does the potential for scams. This article examines popular NFT scams and offers suggestions for avoiding them. We'll also discuss the future of NFT scam prevention and how to report one. A Closer Look Into NFTs and Their Popularity The past year has seen a surge in the popularity of non-fungible tokens. These digital assets are unique, and nobody can replicate them, making them ideal for collectors and investors.…
3 years ago
How to Protect Yourself from NFT Scams
As the popularity of cryptocurrencies and blockchain technology grows, so does the potential for scams and fraud. The NFT Opportunity and Its Appeal to Scammers Blockchain, a decentralized ledger tracking all transactions involving an item, is where NFTs reside. NFTs can represent anything from art to in-game items. These assets have become increasingly popular in recent months as their prices have soared. However, as with any new and burgeoning market, the NFT space is rife with fraudsters looking for unsuspecting…
3 years ago