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Showing posts from April, 2021

Insights on how one can connect a crypto wallet to the NFT Marketplace!

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  NFTs have become one of the hottest crypto topics in 2021. The non-fungible tokens (NFTs) are considered digital assets that hold unique characteristics.  However, the NFTs are different from other crypto-tokens since they belong to the fungible. The fungible tokens can be divided into small units, but whereas NFTs cannot because it is unique.  The information present in NFTs is unique functions that are transparent and this creates scarcity. Digital collectibles like art, games, music, tweets are considered as NFT.  The NFT offers powerful ownership rights, immutability, and high-level security. So it has increased tenfold in two years and topped the table with high value.  The NFT marketplace allows digital assets to be sold by sellers on customers’ requirements. The main advantage here is you need not have to be a millionaire or a celebrity to participate in the NFT trend. Anyone can mint their own NFTs, or trade them for fun or to reap profit. And now you ...

Arbitrage trade- Profiting from the price differences across crypto exchanges!

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  Every day millions of dollars worth of cryptocurrencies are exchanged globally. But unlike traditional stock trading, there are multiple crypto exchanges where the price varies between each exchange.  Arbitrage is one of the trading strategies in which an asset is bought in one market and sold quickly in another market at a higher price, utilizing the price variation to turn into a profit. Arbitrage strategies in crypto trading are primarily employed by short-term day traders and professional investors who are aiming to make short-term profits. But this may also be implemented over longer periods. The main challenge that is faced by the arbitrage trader is, to find price hikes across multiple exchanges within seconds and also  trading them quickly. For this purpose, the professional traders employ  crypto trading bots  to complete the deal instantly across exchanges. On top of that, arbitrage trades are low-risk, So the returns are usually low. That means the ...