NFT News by Thebittimes.Com

The crypto market consists of various tokens, including those with finite, deflationary, and infinite supplies. Deflationary tokens are often deemed valuable due to the consistent reduction of supply. The token burning strategy has made DigiToads and Ethereum more popular, an effect that has supported prices . Considering their approach, their respective circulating supplies are decreasing at a faster rate than Bitcoin. In this article, we will delve into the burning strategy adopted by DigiToads and Ethereum.  DigiToads: the deflationary P2E and NFT token Although DigiToads is a relatively new entrant in the crypto market, it blends different niches, attracting investor interest. This is evident in the over $6.4 million raised in the ongoing presale DigiToads is popular due to its fundamentals spanning a play-to-earn (P2E) game and non-fungible tokens (NFT). The project is also gaining traction because of its TOADS deflationary token, growth, community, and what investors sa...

Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days.  Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi's demise on Nov. 28 was not helpful for any potential Bitcoin price recovery. The cryptocurrency lending platform filed for Chapter 11 bankruptcy in the United States a couple of weeks after the firm halted withdrawals. In a statement sent to Cointelegraph, Ripple's APAC policy lead Rahul Advani said he expects the FTX exchange bankruptcy to lead to greater scrutiny on crypto regulations." Following the event, several global regulators pledged to focus on developing greater crypto regulation. Unfortunately, there is no way to know when investors' sentiment will improve and trigge...