In his daily news video, Axel discusses the latest developments in the cryptocurrency market. He does this on the basis of reporting and technical analysis. This way you are always aware of the latest important crypto-related events within minutes. Time to see the news!
Today Axel talks about a topic that was in the news a year ago: NFTs. In recent months, the hype around modern blockchain images seems to have cooled somewhat. But with the advent of the ability to create NFTs on the Bitcoin blockchain, the topic is alive and well again. Why is that? Axel explains it to you. It also moves into the DOGE price range, which has bounced back to its original price since the significant spike earlier this week. The reason being: Twitter owner Elon Musk has returned to using the blue bird, which he swapped for a dog last week, as his Twitter logo. Is this maneuver over?
Additionally, in today’s video, Axel discusses Bitcoin’s performance against stock indices and outlines Germany’s plans for new legislation on so-called “crypto stocks.”
The latest crypto hype: Magic Eden on Bitcoin
Since January it has been possible to create and trade NFTs through Ordinal and this has happened several times. The total is approaching 1 million and they can be traded on the Magic Eden market. Magic Eden has announced that it can now trade entire collections in addition to individual NFTs. Magic Eden has been around on other blockchains for a while but is only available on Bitcoin. The new billing platform will start today.
Magic Eden’s first launchpad project on Bitcoin is Deadjira, a spin-off of the Ethereum NFT project Godjira, featuring a lizard-themed 107-pixel profile picture. What else does the platform do?
Stay informed!
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Source: Btc Direct
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
