The business conglomerate argued last week that Dogecoin’s only issue is that it is too concentrated. Turns out he’s not wrong — when comparing Doge’s market to other major tokens, including Bitcoin and Ethereum, we find that Doge is the most concentrated of all. Here’s why it’s not that surprising.
OpenSea is the largest secondary marketplace for trading crypto collectibles and non-fungible tokens (NFTs). Users can sell and purchase collectibles like CryptoKitties or Crypto Punks, and even create their own marketplace to showcase new NFT collections — and as of Jan. 28, there’s a new superstar on the market.
No blockchain organization can be successful in the long term with only project-backed incentives. There needs to be real activity coming from elsewhere. In this report we dive into the 5 questions you need to consider, in order to assess whether a project is worth paying attention to.