Evening must-read 5 articles | Will Non-Fungible Tokens make a comeback?

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1. Data Analysis: Performance of the top 50 tokens by market value since the beginning of the year

The crypto market has been experiencing a roller coaster of ups and downs recently. The market is disturbing. In order to clarify where this bull market is and to have an overall understanding of this year's crypto market, Jinse Finance has analyzed the performance of the top 50 cryptocurrencies by market value since the beginning of the year. Click to read

2. Behind the Jump Crypto sell-off: The cause may be the $4.47 billion settlement in the Terra case

On August 5, the global financial market suffered a "Black Monday", and the crypto market fell as much as the "312". The recently approved Ethereum ETF also failed to reduce the damage to ETH. Instead, it fell to as low as $2,100 under the influence of the continuous selling of market maker Jump Crypto. Many communities and analysts even regarded this behavior as one of the reasons for the plunge in the entire crypto market. Click to read

3. Arthur Hayes on the 805 crash: How will the United States and Japan respond? How to trade in the future?

What do you do when the market is down but you have an election to win? If you are a politician, the answer to this question is simple. Your primary goal is to secure reelection. So you print money and manipulate prices to go up. Imagine you are Kamala Harris, the Democratic candidate for the US presidency, facing the powerful Orange Man. You need everything to go right because a lot of things have gone wrong since the last time you were vice president. The last thing you need on Election Day is a raging global financial crisis. Click to read

4. Crypto market encounters “Black Monday”, where will ETH go?

Since August 2, the cryptocurrency market has been sluggish, mainly due to geopolitical tensions, a sharp sell-off in Japanese stocks due to Japan's interest rate hike, weak US jobs data and recession concerns, and a massive sell-off in technology stocks triggered by weaker-than-expected revenue reports from major technology and retail giants. Click to read

5. Coingecko: Will NFT make a comeback? What are the most popular NFT use cases?

Despite the relatively positive sentiment in crypto, 54.1%, or more than half of crypto participants, do not believe that NFTs will make a comeback in the short term. Specifically, 29.5% of respondents strongly doubt that NFTs will make a comeback in the current cycle, slightly higher than the 24.7% who are bearish on NFTs (although to a lesser extent). Click to read

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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