We all are aware of coronavirus, and it's origin date. In 2021, the world has gone into a devastating state, experiencing continuous deaths and lockdown. This has been a period of grief all over the world. But there was an advantage on a corner side of the world. That is the crypto market. Most of us are aware of Bitcoin before 2021 due to the ransomware wanna cry software virus. The virus has spread all over the world and hacking computers and ATMs. The hackers instructed to pay them via bitcoins. The owner of bitcoin is still unknown to most of the world. But now bitcoin is known as the father of crypto market. The bitcoin from not even worth a hundred rupees times to know it reached it's worth of lakhs of rupees, it has taken over years but has turned into a gold of investment for buyers. Crypto market has risen miles high during the pandemic period. Doge coin was promoted by legend Elon Musk himself yet now failing to return even the investment of the customers let alone the profits. Crypto market has also been advantage of and people are creating fake apps to loot money from poor and middle class citizens of the world. So we are advised to always be careful before you try to trade. On the flip side, the non-fungible tokens also called the NFT has boned during the third pandemic in the world. Every pandemic was disastrous and deteriorated the state for the common citizens, but there is no denying that crypto markets have been subjected to unfathomable accession. The crypto market has recently interested business magnets such as Elon Musk and many more. Even the ripple coins are also the hot topic in recent times. Elon Musk was famously known for his promotion for the crypto coin called the doge. The doge coin has multiplied it's worth when Elon Musk has posted in favor of doge coin. It was speculated that he bought a billion dollar worth of bitcoin and then stated that tesla would accept bitcoins and soon when the bitcoin market boned he has sold his bitcoin for double the investment and then cancelled the agreement that tesla would accept bitcoins. The famous anonymous group has warned my Elon Musk that he is inflating with the market that would lead to loss of many common people. They also warned that "if musk want the game, we'll show how it is played". Even recently, the doge coin has crashed badly from 52 rupees to 10 rupees. Now doge coins worth much lesser and cheaper price. But many people are hoping that doge coin would work well in long term or when Elon Musk declared that the tesla company accepts the cryptocurrency. The people still await for the decision. While NFT are also being a hot topic nowadays that every celebrity own it. This leads to a great demand for both NFT and crypto market. NFT can be claimed by anyone, and many common people have benefited because of the tokens. Thus, NFT could sound more fair and square for the common people. But, nowadays, even NFT are increasing in large demand, leading to many unnoticed NFTs. The highest priced NFT has crossed over a million, but there are still many unnoticed NFTs in the platform. The platform where you can buy or sell NFT is known as open sea, which would require a fixed deposit. The NFT is accepting money on the basis of crypto market. Many are in the favor of Ethereum. The famous Ethereum is a blockchain company which is least prone to hacking. And the crypto market is dealt fair and square in platforms like Coin switch, Binance, Coin DCX.
About NFT the world itself is following this trend and lot of actors, sport stars and businessman also own copious number of NFT. This is being a trend nowadays and this could lead to a new revolution maybe too. Anyways to conclude the article, the rise of cryptocurrency or NFT or stock exchange is always the game of luck and patience.
You must be logged in to post a comment.