Author: Staff

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Opinions

The Advantages of Bitcoin Trading

Bitcoin is growing in popularity on a daily basis as the globe moves forward with cryptocurrency trading. You definitely don’t want to be left out when everyone around you is talking about Bitcoin trading. However, how can you be certain that Bitcoin trading is right for you? The truth is that no one can ever be sure if Bitcoin trading would be beneficial to him because the crypto market is not the same as the stock market. Bitcoin prices are notoriously unpredictable, and while you can make a lot of money by making smart transactions, you can also lose a lot of money by making bad deals.

Here is how you can benefit from Bitcoin Trading.

The key benefit of Bitcoin trading is the high level of transaction confidentiality and privacy. Traders may be assured of the highest levels of security, safety, and privacy in the Bitcoin Era. The program employs the most up-to-date security features, such as broker verification and adherence to privacy legislation. Furthermore, the application ensures that the trader’s sensitive data is protected.

The freedom to conduct digital payments is an obvious advantage of Bitcoins; such transfers can occur at any time, from any location, and there are no limits. Bitcoins can be purchased with fiat currency, credit and debit cards, or even through a Bitcoin ATM; the alternatives are numerous, giving Bitcoin users a great deal of freedom and flexibility. When you open a trading account on an exchange, you can also buy other cryptocurrencies.

Another advantage is that the crypto market never sleeps and this can work to the advantage of traders. Unlike the stock market, you are free to engage in Bitcoin trading 24×7.

Traditional credit card transactions must go through numerous parties before reaching the retailer, but Bitcoin transactions are handled in minutes. For some transfers, this procedure could take hours or even days. To get a better experience, download the Bitcoin Prime app and begin trading. So, starting now, you should invest in bitcoin since it has the potential to make you wealthy in the long run.

Furthermore, when you send fiat currency, you must pay fees for each transaction, but there is no middleman with Bitcoin, hence there are no fees. In most circumstances, transaction fees are minimal, and in rare cases, no fees are charged at all. Since no intermediary controls Bitcoin exchanges or requires identification details, anyone can make transactions anonymously across borders, subject to local laws. This helps lower costs and generate revenue opportunities in an open market where anyone can participate without restrictions or limitations on how much you trade.

The current financial system is run by institutions with limited liability. Bitcoin’s decentralized structure eliminates the need for third-party institutions to verify transactions, allowing users to settle immediately.

Finally, the best thing about Bitcoin trading is that users have complete control over the process, and their money is safely stored in wallets and exchanges. Transactions are carried out on the blockchain, which ensures security and transparency. Transactions that have been accepted or validated are irreversible. Furthermore, cases of double-spending are prevented because hacking the network necessitates control of more than 51% of the network’s hash power, which is not practicable.

While purchasing bitcoin is reasonably simple, selling bitcoin without dramatically lowering the value of your investment might be tricky. If you’re looking to make minor transactions, these difficulties may be acceptable, but if you’re looking to cash out substantial sums, you’ll need to look beyond simply selling your bitcoins for the money you want.

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Business

Binance Suspends Over 281 Nigerian Crypto Accounts

Binance, the world’s largest cryptocurrency exchange, restricted over 281 accounts of Nigerian Crypto users, citing a need to comply with international money laundering laws, its CEO said. On January 26th, many Nigerian users had complaints that their accounts had been suspended for no apparent reason. In response, Binance Africa issued an official statement on Twitter, stating that any Nigerian user who believes his account has been locked or suspended in error can fill out a form to reverse this.

Binance Exchange said via a Twitter threat that, in normal circumstances, the exchange suspends withdrawals in the event of any suspicious activity in order to protect users’ assets, but that the current steps are in response to a court order.

Suspended accounts, according to Binance Africa, are only those linked to illegal activity.

“If a user believes he is inadvertently experiencing this issue, he can fill out the form and we will review the subject.”

The accounts that have been frozen by enforcement agencies will be contacted, and they will be required to take further steps.

Changpeng Zhao, CEO of Binance said in a letter to Nigerian customers dated January 29 that the decision to restrict some personal accounts was to ensure user safety while more than a third of the affected accounts were restricted at the request of international law enforcement.

“Currently, we have resolved 79 cases and continue to work through others. All non-law enforcement-related cases will be resolved within two weeks,” Changpeng Zhao said.

Many users have spoken out against Binance, claiming that the exchange is attempting to implement fraud, while the exchange has stated that it is part of the enforcement department’s work.

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NFTs

How to mint Non-Fungible Tokens(NFTs) on Ethereum

Non-fungible tokens, or NFTs, are blockchain-based tokens that can be used to verify ownership and provenance of digital assets such as photos, video files, and even real goods.

They’ve risen to prominence in the last year, with multi-million dollar sales of NFT artwork making headlines and NFT avatars such as Bored Ape Yacht Club, CryptoPunks, and Pudgy Penguins taking over Twitter. Even huge corporations and celebrities have jumped on the non-fungible token bandwagon but how can you create one?

If you follow these beginner-friendly steps, minting an NFT, the fancy word for “creating on the blockchain” is a breeze. We’ll concentrate on Ethereum, the most widely used blockchain for NFTs, and OpenSea, the most widely used NFT marketplace, in this guide.

Open a cryptocurrency exchange account.

Getting a crypto exchange account, such as Coinbase, Kraken, or Block Fi, is the first step towards minting your NFT or trading in crypto. Crypto exchanges allow you to buy and trade cryptocurrencies quickly and easily. You’ll need a crypto exchange account since you’ll need to buy Ethereum to cover the one-time charge associated with minting NFTs. We’ll go over that in the next section.

If your NFT is up for sale, you might want to pay out your profits, convert to another cryptocurrency, or do whatever else a crypto exchange allows you to do.

Buy Ethereum
Most NFTs are based on the Ethereum blockchain. As a result, Ethereum is most likely to be used when selling and buying NFTs. You won’t have any trouble purchasing Ethereum because it’s listed on practically all cryptocurrency exchanges (it’s the second-largest cryptocurrency after all).

But why would you acquire Ethereum in order to sell an NFT?

You’ll normally use an NFT marketplace, which is similar to eBay or Amazon for NFTs, to purchase and sell NFTs. OpenSea is by far the largest of these, accounting for 97.8% of all Ethereum NFT transactions as of October 2021. This is the market we’ll be discussing.

It costs Ethereum to join OpenSea. To sign up for the site, you’ll need to pay for “initialization,” which is a one-time cost paid in Ethereum.

What amount of Ethereum will you require? Well, because the gas price (the unit of Ethereum transaction cost) swings a lot, there isn’t a solid response. It can be as low as $30 or as high as $300 depending on the network conditions (how busy it is).

Get a crypto wallet
Crypto wallets are supported by NFT marketplaces like OpenSea. There are numerous Ethereum wallets available. MetaMask, however, is by far the most common (which, like an editorially independent Decrypt, is funded by Ethereum incubator ConsenSys).

MetaMask is a browser extension that is best used with Google Chrome or Brave. It allows you to store Ethereum and Ethereum-based tokens after it’s installed (including NFTs).

It may appear difficult to set up a cryptocurrency wallet, but it is simple and straightforward. Follow the instructions to download and install MetaMask from their website.

Click the small fox logo when it displays in your browser. It’ll guide you through a few simple steps. You’ll make a password for yourself. MetaMask will assign you a “Secret Recovery Phrase,” a 12-word phrase that will generate your wallet separately. Anyone with the seed phrase will be able to access your wallet and the funds in it, so keep it somewhere safe, such as on a piece of paper in a secure location.

You can also buy Ethereum directly from MetaMask, although we don’t encourage it because the commission fees are greater than on exchanges.

Send Ethereum to your crypto wallet
It’s time to load Ethereum into your crypto wallet now that you’ve purchased Ethereum on a crypto exchange and have your MetaMask up and running.

To send Ethereum from your exchange, go to the “send” or “withdraw” tab on your exchange’s website, which allows you to send funds to a crypto wallet. You will be required to enter the amount of Ethereum you want to send and your Ethereum public address.

MetaMask creates an Ethereum public address for you when you first set it up. It begins with “0x” and appears at the top of your MetaMask pop-up. Consider your Ethereum address to be the equivalent of your bank account number on the blockchain.

Sign up for OpenSea using your crypto wallet

First, click on the little fox logo on your browser and enter your password to unlock MetaMask.

Then go to opensea.io (use the same browser where your MetaMask is installed). Once on the website, click “Profile” in the top-right corner.

You’ll be asked to connect your cryptocurrency wallet, so pick one.

On your Metamask, OpenSea will ask you to accept the terms and conditions. It means your wallet has been successfully synced to MetaMask! If everything appears good, click “Sign.”

Your “Unnamed” account has been created! To verify your account, you’ll need to provide a username and an email address. More information, such as social media accounts, can be included, but none of it is required. Your Opensea account is almost ready to use.

If you’ve responded to the verification email, you should be good to go! It’s now time to make your NFT.

Create your NFT

To create an NFT on OpenSea, go to the top right corner and click “Create” next to your profile image (simply a green dot in this example!).

Alternatively, select “My Collections” under your profile image to mint numerous NFTs as part of a collection. However, for the rest of this post, we’ll only look at “Create,” which is only good for one NFT.

As an NFT, you can upload a supported file from your computer. You’ll need to give your NFT a name, but no other information is required. However, writing a quick description is a smart idea.

You can leave the rest of the options alone for your initial experiment. Simply scroll down and click “create” after uploading a file and naming your NFT. Your NFT will then appear on OpenSea. But it’s not listed for sale yet. To list your NFT for sale, click “sell” on the top right, and the following page will appear.

You have the option of selling it for a set price or auctioning it. You will not be charged a gas fee if you list for a fixed price (remember, any transaction on Ethereum incurs these transaction fees). Instead, the buyer will be responsible for the cost of gas. The gas is paid for by the sellers during auctions. Let’s set a lofty goal of 1 ETH for this image.

When your NFT sells, keep in mind that OpenSea will charge you 2.5 percent in commission costs. Click “complete listing” after you’re finished. OpenSea will ask you to sign a few things through your MetaMask wallet before listing it for sale.

You’ll need to initialize your wallet because this is your first time selling on OpenSea. This is where you may put the Ethereum you purchased and deposited to your wallet to good use!

For wallet initialization, MetaMask will calculate a gas fee for you. If there’s not enough money in your wallet, the “confirm” button won’t appear (as is the case here). If there are sufficient funds, then just click “confirm” and you’ll be initialized in a couple of minutes!

OpenSea will also ask you to approve the item for sale, and it will ask you to confirm the price you want to list it for. All you need to do is just sign them off through MetaMask.

And that’s it​, congratulations on minting your first NFT on Ethereum!

Categories
Business

Crypto Adoption grows by 1200% in Africa

Bitcoin use in Africa has exploded in the past years, making it the world’s third fastest-growing Bitcoin economy. According to a 2021 Chainalysis report, the increase is over 1,200 percent, indicating that there has been an increase in Bitcoin activity by retail investors who store, remit, and exchange digital assets using various P2P platforms.

This was confirmed by Paxful’s Co-founder Artur Schaback, who stated that the crypto app has seen a rise in activity from African countries, particularly Nigeria and Kenya, with a 57 percent and 300 percent increase in the previous year, respectively.

According to him, the continent’s banking restrictions and hostile crypto legislation have created an enabling environment for the widespread acceptance of these digital assets, making it the world’s fastest-growing P2P Bitcoin center.

Since the debut of Bitcoin, the first decentralized token, in 2011, cryptocurrencies have expanded at an exponential rate. By 2021, the cryptocurrency had risen to an all-time high, with Bitcoin trading for more than $68,000. The crypto market, on the other hand, has been on a three-month losing trend.

In Africa, crypto popularity has never been higher, and it is frequently associated with peer-to-peer trading. In 2021, bitcoin transactions in Africa totaled over $100 billion. South Africa, Kenya, Tanzania, and Nigeria, four of the top promoters of cryptocurrency trading, prioritized peer-to-peer transactions. Additionally, chainalysis reports that retail crypto transfers amounted to 7% and 2% of the operations were from Africa.

While the numbers on cryptocurrency trading in Africa appear to be positive, the reason citizens pick cryptocurrency trading is not. The financial crisis that several countries are experiencing is a major reason for investors to seek out cryptos. For Africans who wish to conserve money and avoid inflation, cryptocurrency adoption seems like a way out. However, without good knowledge of crypto adoption, many people have fallen victim to theft and scams.

Categories
Business

Amidst a ruthless crypto market crash, Solana drops 16%.

During what has been a catastrophic price crash for the broader crypto market, Solana (SOL) now valued at $86 has dropped by more than 16 percent in the last 24 hours and around 40 percent in the preceding week.

SOL’s current price is now 68.3 percent below its all-time high of $259, which it reached on November 6, 2021. Bitcoin ($33,809) and Ethereum ($2,266), on the other hand, have dropped by 21% and 32%, respectively, in the last week on the crypto market.

What’s the deal with Solana’s price drop?

The Solana blockchain has experienced severe levels of network congestion, adding to what has already been a dismal start to the year for cryptocurrency values.

The network experienced a “partial outage” on January 21, 2022, and January 22, 2022, according to the Solana website.

According to Solana Status, a Twitter account that monitors network activity, “The network congestion on the Solana mainnet beta was extremely high. This was connected to issues that engineers had previously discovered and were working to fix and resolve.”

18 hours ago, Anatoly Yakovenko, one of the network’s co-founders, tweeted, “Huge gratitude to all the guys that debugged these difficulties over the last 48 hours.”

Solana’s fall from grace
Following an exceptionally strong finish to 2021 for the Ethereum rival, the network has now experienced network issues. Solana began 2021 at a low price of $1.52 and soared 11,150 percent by the end of the year.

“At the start of 2021, Solana was practically unknown in the wider crypto/blockchain community—the conventional opinion at the time was that breaking Ethereum’s network effect ad developer moat would be nearly impossible,” says the report. SOL investor and CEO of Sino Global Capital, Matthew Graham

The value of the token has continued to plummet since then.

Categories
Social Good

LeBron James partners with Crypto.com to teach kids blockchain technology

LeBron James aka The G.O.A.T is the most recent athlete to join forces with a cryptocurrency firm. The Los Angeles Lakers forward is teaming up with Crypto.com to teach kids about blockchain technology and “Web3.”

Crypto.com will collaborate with James’ foundation to provide educational and workforce development opportunities in emerging technologies, including in inner-city areas, as part of the relationship.

In a statement, James stated, “Blockchain technology is transforming our economy, sports and entertainment, the art world, and how we engage with one another.”

Blockchain is the technology that powers bitcoin and other cryptocurrencies, allowing users to conduct safe transactions through a decentralized digital ledger. Web3 is a trendy phrase for a variety of blockchain-based internet services and mobile apps, including cryptos and non-fungible currencies. It’s often thrown around when talking about the even more buzzed-about metaverse, a network of virtual and augmented reality domains that folks like Meta (previously Facebook) founder Mark Zuckerberg see as the mobile web’s future.

Crypto.com, which barely began operations in 2016, has made a strong showing in the brave new realm of decentralized finance, or “DeFi.” Users can exchange cryptocurrencies and NFTs, which are one-of-a-kind digital certificates that grant ownership of art, video, and other digital artifacts.

Crypto.com is spending little money to market its brand, employing Hollywood actor Matt Damon for an ad campaign and renaming the Staples Center in Los Angeles, where James plays for the Lakers, to Crypto.com Arena.

One thing that James’ efforts may teach young people is that platforms like Crypto.com are frequently targeted by crooks. Last week, the company announced that attackers had hacked its security systems and stolen more than $30 million in bitcoin and ethereum.

According to investment bank Jefferies, the NFT market is expected to rise to $75 billion by 2025, up from $14 billion now. Much of the expansion will be driven by the boom in sports NFT products.

But, as James points out, the rise of these technologies is also producing employment prospects. Jobs connected to blockchain, cryptocurrency, and NFTs are already listed on job sites like Indeed and LinkedIn, and major educational institutions like the University of Pennsylvania’s Wharton School already offer degrees in blockchain and digital assets.

James believes that knowing about blockchain and Web3 will aid in closing the so-called digital divide that exists between individuals in higher-income areas and those in lower-income areas. According to the Pew Research Center, over a quarter of Americans with yearly family incomes of less than $30,000 do not own a smartphone, and tens of millions of youngsters do not have access to high-speed internet service.

“I want to make sure that communities like mine aren’t left behind,” James explained.

Categories
Business

Central Bank Governor Says Kenya’s position on Cryptocurrencies Has Not Changed.

Kenya is one of many African countries that has withdrawn from the use of digital currencies. The Central Bank of Kenya’s (CBK) governor, Patrick Njoroge, declared that their decision has not been altered. He made the remarks just after the CBK announced its monetary policy, but also indicated that the central bank will be talking about cryptocurrencies more in the near future.

The governor’s reiteration of the CBK’s stance on cryptocurrencies comes more than six months after reports surfaced that Kenyan banks were providing notifications urging consumers to refrain from trading cryptocurrencies, according to the Kenyan Wallstreet story.

Njoroge’s reaffirmation of the central bank’s stance on cryptos comes amid news that Kenya has surpassed South Africa as the African country with the greatest percentage of its population holding cryptocurrency. Kenya is also predicted to maintain its position in the global peer-to-peer cryptocurrency sector in 2022.

He urges the citizens to be patient;

For a country that put a halt on Crypto-currencies, reports indicate that Kenya had Africa’s second largest Peer-to-peer bitcoin traded volumes in 2021. Despite all these signs of readiness from Kenyans, the governor, in a statement said that the country is taking its time understanding the digital currencies before moving a step further to make them legal. He said, 

“I think we will be speaking more completely about this space, not just cryptocurrencies. Cryptocurrency is one lever, one little area……so we will be speaking more completely about this in the near future but I guess in the medium term. So please be patient on that …. suffice to say that our position has not changed on any of those products.” 

Categories
Business

The First NFT Billionaires: OpenSea Founders Each Worth Billions After New Fundraising

The first billionaires have emerged from the NFT frenzy.

Following a new fundraising round announced on Tuesday that valued the firm at $13.3 billion, up from $1.5 billion just six months ago, the founders of buzzy blockchain startup OpenSea have joined the three-comma club. Cofounders Devin Finzer and Alex Atallah are individually worth roughly $2.2 billion thanks to their estimated 18.5 percent interests in OpenSea.

The New York City-based business, which was founded four years ago, was an early player in the NFT sector, which took off in early 2021. NFTs (short for “nonfungible tokens”) are computer files that are used to track ownership of unique digital goods such as art, music, and even virtual sports cards on a blockchain ledger. OpenSea describes itself as a peer-to-peer platform where users can build, purchase, and sell various NFTs in exchange for a 2.5 percent cut of each transaction.

Over the last year, OpenSea has experienced significant growth. In March 2020, the five-person company had over 4,000 active customers who transacted $1.1 million per month, generating about $28,000 in monthly revenue. In February 2021, its fortunes shifted when platforms like the Winklevoss twins’ Nifty Gateway created a stir by auctioning off high-end digital art. By the end of July, OpenSea had raised $100 million in a round sponsored by venture capital company Andreessen Horowitz, and had completed $350 million in transactions. The following month, transactions totaled $3.4 billion, a ten-fold increase that netted the company $85 million in commissions.

In the months that followed, the NFT market cooled significantly before heating up again in December. Last month, OpenSea handled more than $3.3 billion in sales, producing $82.5 million in income for itself. The company now has more than 70 employees.

Finzer and Atallah, both in their thirties, have the kind of résumé that young tech billionaires are known for. CEO Finzer is a Bay Area native who attended Brown University and worked at Pinterest as a software developer. He co-founded his first company, Claimdog, in 2015, and sold it to Credit Karma for an unknown price a year later. Chief Technology Officer Atallah, who was born in Colorado, has always been a spreadsheet prodigy. According to his LinkedIn profile, he worked at Palantir while at Stanford and at Silicon Valley firms Zugata and Whatsgoodly following graduation.

The two partnered up for the Y Combinator business accelerator in January 2018 with the idea of paying consumers cryptocurrency to share their Wi-Fi hotspots. CryptoKitties, however, a cartoonish virtual kitten that was one of the first demonstrations of NFTs, caught their imagination. Finzer and Atallah swiftly shifted their focus and relocated to New York to create OpenSea.

According to data from PitchBook, OpenSea has raised over $420 million in funding since its inception. Paradigm and Coatue, two venture capital firms, led a $300 million Series C round announced on Tuesday. OpenSea intends to expand its workforce, focusing on its “trust and safety” teams, as well as investing in making its goods more accessible to a broader audience.

OpenSea is up against the stiff competition, including cryptocurrency behemoth Coinbase, which revealed plans to start its own NFT exchange in October. In the NFT realm, critics have also raised concerns about the possibility of fraud and cons. Finzer asked OpenSea’s head of product to leave in September when it was discovered that he was buying NFTs just before they went live on the marketplace. Last week, a New York art gallery alleged that $2.2 million in NFTs had been stolen from him and listed on OpenSea.

There is hope for even more wealth accumulation if only the corporation could  endure the current status quo. According to statistics recorded by DappRadar, $23 billion worth of NFTs exchanged (virtual) hands in 2021–and the market is just getting started.

In an emailed statement, Finzer said, “Our objective is to be the destination for these new open digital economies to develop.”

Categories
Technology

Individual ETH miner hits jackpot with $540K block reward

A single Ether (ETH) miner hit it big when they mined a block on their own and received a reward of $540,000.

On Monday, the miner mined a full block and received 168 ETH while mining in the 2Miners: Solo pool. According to BitInfoCharts, this payment far exceeds the average per-block reward of around 4 ETH.

The size and hash power of the Solo pool only add to the reward’s extraordinary nature. With 854 miners online and 1.5 terahashes per second at the time of writing, the average miner provides 1.85 gigahashes per second (GH/s). Currently, the lucky miner contributes 2.25 GH/s, which may be generated with one to 20 of the latest GPU devices.

The amount of computer processing power a device gives to a proof-of-work blockchain like Ethereum or Bitcoin is referred to as hash power. By processing transactions and mining blocks, more hash power helps safeguard the network.

The Ethereum network’s fortuitous windfall is the third time in two weeks that a single crypto miner has struck it rich. On January 11, a Bitcoin (BTC) miner from the anonymous Solo CK solo mining operation earned 6.25 BTC for mining a full block on their lonesome.

Another solo miner, this time using Solo CK, mined a new block on Bitcoin with only one to three rigs two days later.

The chances of two little miners mining a whole block in the same week were believed to be 1 in 1 billion.

Since hitting an all-time high of $0.282 on May 12, 2021, the average daily profitability of Ethereum mining has been declining. According to BitInfoCharts, average profitability has reached $0.0474. The Ethereum Improvement Proposal 1559, which burns fees rather than dispersing them to miners, is largely to blame for this.

The chances of two little miners mining a whole block in the same week were believed to be 1 in 1 billion.

Since hitting an all-time high of $0.282 on May 12, 2021, the average daily profitability of Ethereum mining has been declining. According to BitInfoCharts, average profitability has reached $0.0474. The Ethereum Improvement Proposal 1559, which burns fees rather than dispersing them to miners, is largely to blame for this.

When the Ethereum network completes “the merge,” referring to its transition to a proof-of-stake (PoS) consensus method, a jackpot prize like the one earlier this week may become a thing of the past. Network stability is maintained by PoS by staking coins. The network’s electrical resource requirements will be reduced as a result of this.

Categories
Opinions

How Crypto Twitter Is Coping With the Latest Bitcoin Meltdown

It’s sometimes all you can do to keep from sobbing is to laugh. Alternatively, tweet so you don’t have to continue refreshing your crypto portfolio’s shrinking screen.

Bitcoin and Ethereum both lost over 11% and 15% of their value in just 24 hours. A single bitcoin is currently selling on an exchange for around $37,800, the lowest price since July. In the meantime, Ethereum has dropped below $2,800 for the first time since September. Not to mention the dozens of governance tokens, layer-2 assets, and meme coins.
Crypto Twitter is doing its best not to lose its collective mind, with the total crypto market valuation down more than 12% since yesterday. In addition to the customary bravado about “buying the dip,” holders of digital assets are using macabre humor to keep their spirits higher than their wallets.

Those who quit their jobs during the bull market will need their mood lifted. As Cobie, Co-host of the Crypto podcast “Up Only,” joked: “I had ‘fuck you’ money but now I got ‘I apologise for my previous actions, I was having mental health issues’ money.”

Others pleaded for a market slowdown. “I want people to stop selling because I don’t want to have fun staying poor again,” Messari CEO Ryan Selkis tweeted, referring to a taunt frequently hurled at no-coiners by crypto enthusiasts.

Gabriel Shapiro, senior counsel of Delphi Labs and self-proclaimed “worst trader,” took a few minutes to explain why consumers should stop selling.

However, it’s possible that they’re onto something. With a sly grin on his face, EthHub creator Anthony Sassano wrote:

To allay fears that markets will never recover, Solana NFT anon NFToly stated that the crypto market will almost surely revive:

NFToly wrote, “Don’t worry.” “Good dog coins, OHM forks, and pixel creatures are among your assets. They’re going to return.”