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Showing posts with the label floor price

Meme Coin Tamadoge NFTs Pump on OpenSea – Biggest NFT Drop 2022

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Tamadoge NFTs (Tamadoge.io) Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Recently Tamadoge has launched two NFT collections featuring boosted stats that investors will be able to use in the various upcoming Tamadoge games. While the collection has attracted a lot of attention for its merits within the Tamadoge ecosystem, the NFTs have also been pumping significantly on OpenSea, making the collection perhaps the biggest NFT drop in 2022.  What is Tamadoge  Tamadoge is a project focusing on improving the current play-to-earn landscape through the creation of a series of arcade-style games as well as an engaging and in-depth Tamagotchi-esque game that allows players to earn rewards by looking after NFT-based pets.  Tamadoge Splash (Tamadoge.io) The Tamadoge game takes place in a Metaverse world known as the Tamaverse. Within this virtual world, players can...

Cardano Price Forecast – Can ADA Make a New All-Time High This Year?

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Cardano price continues to wallow in the murky waters of the crypto winter about a year after posting an impressive show to its all-time of $3.09. If the current retracement at $0.36 carries on, ADA could broadcast a 90% correction from its historical high. However, robust support between $0.30 and $0.35 will likely come in handy and avert a potential seller-only field day. While such a move would be a major setback, it is doubtful that it will happen, especially with ADA having grown to a noticeable cryptocurrency ecosystem compared to August last year when it tagged $3.09. On the bright side, Cardano is closer to its floor price now than ever since the rains started beating the crypto market in November 2021. Furthermore, the extremely oversold conditions the smart contracts token deals with negates the idea of a continued retracement. That said, Cardano price prediction might not be as outlandish as everyone would hope, yet it could certainly make a new all-time ...

Electric Capital and Pantera Capital led the Waterfall $4M Seed Round to build an NFT trading and pricing protocol.

Waterfall believes accurate and fair NFT pricing will make the digital ecosystem much more efficient and enable productive use cases such as lending, advanced trading strategies, and more. There’s currently no clear way to price NFTs beyond floor NFTs. For “rarer” NFTs in a famous collection, “1 of 1” NFTs, or NFTs from a less popular collection, pricing is even more arbitrary. Within large collections, the floor price can serve as a reference point: an NFT priced at or near it will likely sell. However, there are no such reference points for 1 of 1s and illiquid collections. Without a way to determine fair prices, the market is extremely inefficient: there is no price discovery for many assets. We want to provide price discovery for any NFT. Additionally, due to their discreteness, it’s easy for NFTs to become illiquid. Paired with the requirement of having to acquire whole NFTs, trading becomes very risky or inaccessible. By allowing people to trade NFTs witho...