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Showing posts with the label crypto winter

How Reddit defeated Crypto Winter and established a $10 million market for customized avatars

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Join Our Telegram channel to stay up to date on breaking news coverage When Reddit revealed its second batch of collectible avatars at 2:59 p.m. ET on October 20, Ethan was prepared and holding his phone. Given that the iOS App Store takes a 30% share, he decided to try to purchase them on his desktop computer. Ethan, a 38-year-old graphic designer from northern Virginia who requested anonymity to avoid doxxing, objected to the concept that Apple would receive the money instead of independent artists. He was prepared to purchase some NFTs of Reddit’s unique Snoo mascot created by internet designers like Rojom and Foustling when he realized that the Stripe payment card integration on desktop wasn’t functioning for him. Instead, he was there with his iPhone and PayPal account. When his bank contacted to inquire about whether the purchases were fake, Ethan was scrolling and clicking through his favorite collections. He made an effort to comfort them as soon as he coul...

Why Crypto Winter is Thawing Crypto Prices Earlier Than Hoped – Buy Now?

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Join Our Telegram channel to stay up to date on breaking news coverage In 2017, Bitcoin lost around 80% of its value within 12 months. However, the coin resumed an uptrend after and rallied to new highs. In 2022, Bitcoin has dropped by 66% year-to-date (YTD), marking one of the worst crypto winter s in history. Nevertheless, there are now signs that the crypto winter could be thawing. Over the past 24 hours, Bitcoin has gained to $20,598 at the time of writing. The gains made during the past two days have crypto investors anticipating that the crypto winter could be over. Is the crypto winter over? Bitcoin is now up by over 7% over the past week following a recent bull run. Altcoins are also trading in the green zone, with the largest altcoin, Ether, trading above $1500. The global market capitalization has also gained to above $1 trillion. Crypto traders are now optimistic that months of sideways price movements are over and that the crypto winter has finally ended. Bitcoi...