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caurpreet
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#WODT
Today (10-jan-2025)word for WODT is
"CHANGE" 💥
#wodt2025
#wodlanswer
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$BTC Bitcoin will continue to rise This jump in value is also being fueled by growing optimism about the possibility of easing regulatory restrictions after Donald Trump's expected return to the White House as the newly elected president, Channel 24 reports, citing Reuters and Bloomberg. See also Famous cryptocurrency loses value: how much is bitcoin at the end of the year Analysts predict further growth in bitcoin. Historical high In December, bitcoin fell by 3.2% as American investors began to withdraw profits from their cryptocurrency assets. Nevertheless, in the middle of the month, the cryptocurrency jumped to a record high of $108,315, which was caused by market enthusiasm after Donald Trump's election victory.
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#NFPCryptoImpact 💥NFT has both negative and positive impact .lets discuss both impacts 💥Positive Impacts Revolutionizing Digital Ownership: NFTs allow ownership of unique digital assets🪙 like art, music 🎶, videos, and in-game items, authenticated via blockchain🔗. 💥New Revenue Streams: Artists, musicians, and content creators can sell📈 their works directly to audiences, eliminating intermediaries. Royalties are often embedded into NFT smart contracts, ensuring creators get paid for secondary sales. 🚀Boosting Crypto Adoption: The popularity of NFTs has attracted more people to the crypto space, increasing blockchain adoption. 💥Platforms like Ethereum🪙, Solana🪙, and Polygon🪙 gained traction as NFT marketplaces flourished. Community Building: 💥NFTs often come with access to exclusive communities or benefits📉, fostering closer relationships between creators and supporters. Use in Gaming: NFTs are revolutionizing gaming by enabling ownership of in-game items, which can be sold or traded across platforms. Negative Impacts 💥Environmental Concerns: NFTs minted on proof-of-work blockchains (like Ethereum before its transition to proof-of-stake) required significant energy, raising environmental concerns. However, newer blockchains 🔗and Ethereum upgrade have helped mitigate this issue. 💥Speculative Market: The NFT market is highly speculative, with many assets overpriced💰 and prone to bubbles. This volatility poses risks for investors. Fraud and Scams: 💥Copycat NFTs, fake marketplaces, and phishing scams are prevalent, leading to financial losses. Intellectual property theft is also a significant concern, with unauthorized use of creators' works. 💥Lack of Regulation: The decentralized nature of NFTs makes it difficult to regulate, leading to potential legal and ethical issues. Taxation of NFT transactions is complex and varies by jurisdiction. 💥Market Saturation: The rapid growth of NFTs has led to market oversaturation, with many projects losing value over time
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$AVA Binance new learn and earn event. Get 0.50 ava by simply participating in quizzes and watching videos. Do you participate and get reward ?
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#OnChainLendingSurge 💥On-chain lending🔗, a cornerstone of decentralized finance (DeFi), has experienced significant growth 📈recently. The total value locked 🔐(TVL) in on-chain lending platforms increased 📈by 25% to $13.4 billion in the last 30 days. This surge is partly due to the tokenization🪙 of private credit, which involves converting traditional debt instruments into digital tokens🪙 on the blockchain🔗. Since early 2023, there has been a 133% increase in active private loans via digital ledgers, with the total value reaching approximately $581 million.💥 The DeFi ecosystem has also seen a rise📈 in user engagement. Approximately 4 million users are now interacting with DeFi platforms, notably in DeFi lending, indicating growing🚀 adoption and participation. Additionally, the development🚀 of decentralized lending protocols, such as Surge, is contributing to this growth📈. Surge is a fully self-governing and decentralized lending protocol that accommodates all asset classes, aiming to revolutionize the DeFi lending space. 🚀 However, it's important to note that the DeFi space is not without risks📈. Concerns have been raised about the decentralization illusion and potential vulnerabilities within these platforms. In summary, the on-chain 🔗lending sector is experiencing a notable surge, driven by innovations like private credit tokenization 🪙and the development of new decentralized lending protocols. While this growth📉 presents new opportunities, it also underscores the importance of understanding the associated risks in the evolving DeFi landscape. 💰
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💥 #WODT ' Today(9 - jan -2025) word of the day is "BANKING " #wodt2025
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