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Amazon

7 Great Reasons to Buy Amazon Stock in 2022

Buy Amazon Stock: When the billionaire investor – Warren Buffett was asked why he’s not buying Amazon shares, he had a simple answer. “Stupidity” Buffett said during an interview on CNBC’s “Squawk Box.” Amazon has done well during the pandemic, and the company is one of a handful with over a $1 trillion valuation. That swell already had many investors wondering whether they should buy Amazon stock, but the interest picked up on March 9 when the company announced a 20-for-1 stock split. What that means: Current Amazon investors will get 20 shares for every one share they own, though the total value of their shares remains the same. New investors will be able to buy shares of the stock for significantly less Investing in Amazon is Synonymous With Investing in “The Best Businessman in the World” It’s not lost on anyone that investing in Amazon is synonymous with investing in the world’s richest man, Jeff Bezos (although recently Bezos and Elon Musk, founder of Tesla, are vying for this position). The entrepreneurial skills of Amazon’s founder and current Executive Chairman are undeniable. Many consider Bezos one of the most astute businessmen in the history of mankind. Remember that Bezos created Amazon in 1994, and in just over 20 years managed to position Amazon in the leading company it is today; becoming, along the way, one of the richest people in the entire history of mankind. He owned about 11.2% of the company, as of his most recently reported transaction (a stock gift) on March 1. His stock is worth more than $108 billion as of the market close on March 31. That stake should provide plenty of motivation for Bezos to run the company in such a way as to increase the stock’s value over the long haul. Online Shopping Continues to Grow in Popularity Around the World Amazon’s international business is also poised to keep benefiting from this global shift toward shopping online. In 2019, e-commerce sales accounted for 14.1% of all retail sales worldwide, up from 12.2% in 2018. This figure is expected to reach 22% in 2022 READY TO INVEST IN AMAZON? CLICK HERE Amazon is Much More Than an Ecommerce Platform There are many other reasons to buy Amazon stock. These include the company’s burgeoning smart-home business, centered on its artificial-intelligence-powered assistant Alexa, and its budding healthcare business, which includes its online pharmacy PillPack. Moreover, in its e-commerce business, advertising revenue is increasing, and the company is expanding the number of private-label items it sells. Its E-commerce Business Will Never be Dethroned Amazon is the largest online retailer in the U.S. and in the world. It’s so far ahead in the U.S. market (and making good inroads abroad) and has such a mighty moat that it is highly unlikely that any competitor will dethrone it. The company’s main competitive advantage is Prime’s free and fast delivery of a huge range of products. This core benefit is only possible because of Amazon’s extensive network of highly efficient and massive fulfillment centers. It would cost a king’s ransom to duplicate this network. And even if a competitor were successful in replicating the physical structures, it would probably take many years for it to achieve Amazon’s level of efficiency. The company currently has 170 fulfillment centers in the U.S., with plans for 51 more, according to logistics consultant MWPVL International. It has 188 such facilities outside this country. These numbers don’t include delivery stations and various others types of facilities. INVEST NOW IN AMAZON U.S. Online Sales Continue to Take Market Share From Brick-and-Mortar Sales Americans increasingly prefer to do their shopping online, which provides a tailwind for Amazon’s domestic business. In the fourth quarter of 2019, e-commerce sales accounted for 11.4% of all U.S. retail sales, according to the Census Bureau. For full-year 2019, 11% of total retail sales were transacted online, up from 9.9% in 2018. E-commerce sales will never come close to reaching 100% of all retail sales. But certainly, that 11.4% figure has a lot of room for growth. The Pandemic Should Benefit Amazon Over the Long Term Regardless of how the short term plays out, Amazon should benefit from the crisis over the long term. Surely, many people who weren’t members of Amazon’s Prime loyalty program before the pandemic have become members in order to get free and faster delivery during the crisis. Long after it’s over, some folks will likely continue to be heavier online shoppers than before the pandemic. Amazon Prime membership is growing briskly The total of Prime members has been growing at a nice clip. In January, Amazon announced there were more than 150 million Prime members worldwide. In 2018, the company said it had more than 100 million members globally. This growth is important because Prime members have been found to spend more money than nonmembers on the company’s site. One study has pegged the average member’s annual spending at more than double that of the average nonmember. Bottom Line Among Wall Street’s top financial analysts there is a nearly unanimous consensus when it comes to investing in Amazon. Out of 50 financial analysts surveyed, 48 either recommend buying its stock immediately or estimate that Amazon’s stock growth will outpace that of its competitors. The remaining 2 analysts give it a “hold” rating. If you’re ready to buy Amazon stock, log into your online brokerage account or trading app. Then type in Amazon’s ticker symbol (AMZN) and the number of shares you want to buy or the amount of money you want to invest. INVEST NOW IN AMAZON

Amazon

7 Great Reasons to Buy Amazon Stock in 2022

Amazon has done well during the pandemic, and the company is one of a handful with over a $1 trillion valuation. That swell already had many investors wondering whether they should buy Amazon stock, but the interest picked up on March 9 when the company announced a 20-for-1 stock split. What that means: Current Amazon investors will get 20 shares for every one share they own, though the total value of their shares remains the same. New investors will be able to buy shares of the stock for significantly less Investing in Amazon is Synonymous With Investing in “The Best Businessman in the World” It’s not lost on anyone that investing in Amazon is synonymous with investing in the world’s richest man, Jeff Bezos (although recently Bezos and Elon Musk, founder of Tesla, are vying for this position). The entrepreneurial skills of Amazon’s founder and current Executive Chairman are undeniable. Many consider Bezos one of the most astute businessmen in the history of mankind. Remember that Bezos created Amazon in 1994, and in just over 20 years managed to position Amazon in the leading company it is today; becoming, along the way, one of the richest people in the entire history of mankind. He owned about 11.2% of the company, as of his most recently reported transaction (a stock gift) on March 1. His stock is worth more than $108 billion as of the market close on March 31. That stake should provide plenty of motivation for Bezos to run the company in such a way as to increase the stock’s value over the long haul. Online Shopping Continues to Grow in Popularity Around the World Amazon’s international business is also poised to keep benefiting from this global shift toward shopping online. In 2019, e-commerce sales accounted for 14.1% of all retail sales worldwide, up from 12.2% in 2018. This figure is expected to reach 22% in 2022 Amazon is Much More Than an Ecommerce Platform There are many other reasons to buy Amazon stock. These include the company’s burgeoning smart-home business, centered on its artificial-intelligence-powered assistant Alexa, and its budding healthcare business, which includes its online pharmacy PillPack. Moreover, in its e-commerce business, advertising revenue is increasing, and the company is expanding the number of private-label items it sells. Its E-commerce Business Will Never be Dethroned Amazon is the largest online retailer in the U.S. and in the world. It’s so far ahead in the U.S. market (and making good inroads abroad) and has such a mighty moat that it is highly unlikely that any competitor will dethrone it. The company’s main competitive advantage is Prime’s free and fast delivery of a huge range of products. This core benefit is only possible because of Amazon’s extensive network of highly efficient and massive fulfillment centers. It would cost a king’s ransom to duplicate this network. And even if a competitor were successful in replicating the physical structures, it would probably take many years for it to achieve Amazon’s level of efficiency. The company currently has 170 fulfillment centers in the U.S., with plans for 51 more, according to logistics consultant MWPVL International. It has 188 such facilities outside this country. These numbers don’t include delivery stations and various others types of facilities. INVEST NOW IN AMAZON U.S. Online Sales Continue to Take Market Share From Brick-and-Mortar Sales Americans increasingly prefer to do their shopping online, which provides a tailwind for Amazon’s domestic business. In the fourth quarter of 2019, e-commerce sales accounted for 11.4% of all U.S. retail sales, according to the Census Bureau. For full-year 2019, 11% of total retail sales were transacted online, up from 9.9% in 2018. E-commerce sales will never come close to reaching 100% of all retail sales. But certainly, that 11.4% figure has a lot of room for growth. The Pandemic Should Benefit Amazon Over the Long Term Regardless of how the short term plays out, Amazon should benefit from the crisis over the long term. Surely, many people who weren’t members of Amazon’s Prime loyalty program before the pandemic have become members in order to get free and faster delivery during the crisis. Long after it’s over, some folks will likely continue to be heavier online shoppers than before the pandemic. Amazon Prime membership is growing briskly The total of Prime members has been growing at a nice clip. In January, Amazon announced there were more than 150 million Prime members worldwide. In 2018, the company said it had more than 100 million members globally. This growth is important because Prime members have been found to spend more money than nonmembers on the company’s site. One study has pegged the average member’s annual spending at more than double that of the average nonmember. Bottom Line Among Wall Street’s top financial analysts there is a nearly unanimous consensus when it comes to investing in Amazon. Out of 50 financial analysts surveyed, 48 either recommend buying its stock immediately or estimate that Amazon’s stock growth will outpace that of its competitors. The remaining 2 analysts give it a “hold” rating. If you’re ready to buy Amazon stock, log into your online brokerage account or trading app. Then type in Amazon’s ticker symbol (AMZN) and the number of shares you want to buy or the amount of money you want to invest. You are not registered with any broker but you want start investing in Amazon? Please consider registering with our featured brokers INVEST NOW IN AMAZON Ready to invest in Amazon? Register and start profit already today.

bear market

Bullish and Bearish Market: Best Ways to Invest!

Bullish and Bearish Market: Have you recently started investing in the crypto market? If so, as a beginner there are a lot of things for you to learn and understand to trade effectively in cryptocurrency. One of the terms that you might have come across while studying the crypto market is “bear market” and “bull market”. The terms are crucial for you to understand so that you can make the right trading decision. Also, knowing about the “bull” or “bear” market position allows you to determine the market sentiment. This will prevent you from falling for FOMO and making the right trading decision. So, after all, what does it mean by “bull market” and “bear market”? How do you invest efficiently in both these market conditions? Let’s see what our experts have to say. Bull Market: A Brief Overview In bull market conditions, there is an increase in the prices of assets. This prompts investors to make investments and hold on to their assets. Bull markets can last for a few months to a few years. During a bull market, more investors are motivated to invest in the market. This creates a market for potential buyers. Moreover, a bull market indicates that the economy of a country or the world is thriving. There will be lesser unemployment and more opportunities. The overall market sentiment in a bull market is happy and confident. Bear Market: A Brief Overview In bear market conditions, there is a decrease in the prices of assets. The investors don’t have enough confidence in the market as the prices keep dropping. An overall drop of 20%in the prices of assets over 2 months is considered as a bearish market. This market is an uncertain time in the investor journey. They don’t know whether to sell their assets or hold on to them. This period is also known as “FUD” (fear, uncertainty, and doubt). The overall sentiment of the investors is filled with fear of prices dropping even more. Ways to Invest in The Bull Market and Bear Market For Bull Market: Investors can make sure to buy crypto coins as early as possible. And you sell them when they reach their peak prices. Don’t make the mistake of selling the coins early. Instead, track the market changes to determine the peak pricing. Also, you can be one of those investors who want to hold their coins long-term. For Bear Market: With a lack of confidence, a lot of investors are prompted to sell their crypto coins in the bear market. However, there are a few strategies where you can earn profits even during the bear market. Buy the Dip: Bearish market is the best time to buy crypto coins. They are their lowest prices and hence you don’t need to spend more to buy the coins. And you can sell them when the prices are favorable to earn profits. Dollar-Cost Averaging: Bearish market is not a good time to spend too much of your funds in a single go. So, several investors like to invest in bit size. They divide their funds into smaller sizes. Invest these smaller-sized funds over some time to average out the purchasing costs. Investment Diversification: Bearish market is a great time to diversify your investments and thus your portfolio. Since most crypto coins are at their lowest prices, you can invest in multiple crypto coins. And sell them when they reach peak prices. You can earn massive profits at the right time. Bottom Line Knowing about bearish and bullish markets gives you an edge to make the right trading decisions. And even if the sentiment of investors is filled with fear during the bearish market, it is still a good time for investors, especially beginners. So, start trading in the crypto market now. And to know more crypto insights, keep following Coin Informer!

crypto exchange

Four Ways to Secure Your Digital Wallet

Digital Wallet: Do you invest in cryptocurrency? If so, you might have a crypto wallet that allows you to buy or sell coins and keep your profits. Digital wallets are an integral part of any cryptocurrency investment. Moreover, all your digital assets will be saved in the digital wallet, you must ensure that it is secure. There are several instances where digital wallets have been hacked and people have lost their digital assets. You certainly don’t want that to happen to you! Although there are digital wallets with high-security features and you might be using one, chances of getting your digital wallet can’t be neglected. So, what can you do, on your end, as a digital wallet user to ensure that your assets are safe? Here are a few tips from our professionals. Don’t share your private key You might already know that private keys are a crucial aspect of investing in the cryptocurrency market. And gaining access to your private keys gives hackers access to your digital wallet. Hence, never share your private keys with third-party service providers. The best way to maintain private key security is by printing it out on paper and hiding it in a safe space. This will help avoid sharing your private key and prevent access of others to your digital wallet. Be cautious of mobile traffic You might be using your mobile devices to access your digital wallet. You might be using your mobile devices to browse a lot of things on the Internet. This can expose your digital wallet to hackers. A few lines of code embedded in a link can lead to the hacking of your digital wallet. Hence, be cautious of mobile traffic. Install an antivirus, avoid clicking on suspicious links, don’t download apps that are not safe. Generate strong password Now you might be using different platforms to invest in different cryptocurrencies. You will create a password to access your account on these different platforms. Make sure you don’t use the same password for all platforms. Also, create a strong password. Avoid using personal things or numbers as part of your password. It is much easier to guess a password if a personal aspect of your life such as your date of birth is included in the password. Moreover, change your passwords every few months. This will also make it impossible to crack your password. Review crypto exchanges Several crypto investors use a crypto exchange to manage their investments. But before you choose a crypto exchange, make sure you have thoroughly vetted the exchange. One wrong move and you risk losing your digital assets. You can either stick with crypto exchanges that are highly popular or read reviews on websites like Trustpilot to get an insight. Bottom Line Cryptocurrency investment is certainly gaining speed in today’s market. All types of investors want to invest in cryptocurrency and earn profits. However, securing your digital wallets is key to ensuring safe crypto trading. For more crypto trading insights, guides, and reviews, keep reading Coin Informer!

crypto market

Importance of Liquidity for Crypto Market

Liquidity is crucial for a market whether it is your conventional stock market or thriving cryptocurrency market. As a beginner crypto trader, you might have come across liquidity. You might have also considered liquidity provider as a crucial factor while choosing your trading company. But have you ever thought about why liquidity is crucial for the crypto market? And what does liquidity mean in the first place? As a beginner trader, you need to know this crucial term and its importance. This will ensure that you make the right trading choice. So, let’s get started. What is liquidity? In simple terms, liquidity is the ability to convert coins into cash for easy withdrawal. This conversion of coins into cash mustn’t affect the value of cryptocurrencies. Thus, making liquidity a crucial concept for cryptocurrency exchange. Why is liquidity important for crypto exchange? Stability of the Market As you might know that crypto market is highly volatile. However, liquidity brings stability to the market and reduces volatility. High liquidity ensures that the price of coins stays stable even if whales try to manipulate the price with a large swing or with little to no market activity. Liquidity ensures that even if several people are making large trading orders. The price of coins stays relatively stable. Accurate Technical Analysis As a crypto trader, you might want to analyze the crypto market to determine the future price trend for crypto coins. An illiquid market makes it difficult to assess the price trends over time and makes it difficult to predict future prices. However, a liquid market provides more precise and developed information about charting and prices. This way traders can predict future prices and make informed trading decisions. Lesser Transaction Time The Crypto market is ever-changing. And as a trader, you must be able to make quick decisions. A liquid market offers you this opportunity. When a market is liquid, an order transaction takes lesser time to process and complete. This ensures that more traders can buy or sell their coins quickly without much hassle. Moreover, a trader can quickly exit or enter a liquid market ensuring that they stay on top of the market changes. Get Competitive Prices When the market is liquid, a trader who wants to sell their coins can do so at competitive prices. Moreover, a buyer can offer higher bids to buy a coin. This brings an overall balance ensuring better prices for coins in the market for both buyers and sellers alike. Bottom Line Liquidity is important for any market to survive and thrive. And this includes your ever-changing and volatile crypto market. Liquidity benefits both buyers and sellers, irrespective of their trading capital. Creating fair and better prices are crucial to ensure that maximum trading takes place every day. Hence, liquidity is important. And you must always work with a trading company that can offer you a liquidity provider. If you have done this, you are good to start your trading in the crypto market. To know more about the crypto world, terminologies, insights, keep reading Coin Informer!

Best Coin To Invest In Crypto

How to Select the Right ICO for Investment?

Do you want to invest in cryptocurrency? Well, you are not the only one who wants to get their hands on massive profits. Most people who invest in cryptocurrency are looking to gain profits. However, on one hand, investing in popular coins like Bitcoin will increase their chances of profits, they also increase the chances of losses. Thanks to the volatility and price fluctuations in the crypto market. But most people are always looking for the next big thing in the crypto market to invest in. And that’s where an ICO comes into the picture. ICO, Initial Coin Offering is defined as the introduction of a new coin in the market. ICO gives you a good opportunity to invest in a new coin assuming that the coin will become popular and give you returns. However, before you invest in the very first ICO that you come across, it would be wise to do your research. In this blog, let’s look at the ways that can help you select the next best ICO and avoid falling for a scam. Finding the ICOs Of course! Without knowing the upcoming ICOs, it can become difficult for you to invest. Hence, start by finding an ICO. You can follow platforms like ICOalert where you will find all the information related to upcoming ICOs. These platforms offer coin developers to put out all the information related to their new coins and how it differs from other coins in the market. ICO Evaluation Once you have identified the ICOs you want to invest in, start its evaluation. This will include various steps and questions you need to ask yourself to make sure you are taking the right decision. Remember, ICOs are the easiest way to scam investors and abscond with the money. Hence, evaluation is of the utmost importance. Here’s how you can evaluate an ICO. Uniqueness: Blockchain is a diverse technology. And there are several ways people can use this tech to develop a new coin. Hence, look for unique features on the new coin. If a coin is using the same old decentralized currency concept of blockchain, you would be better off investing in Bitcoin. Hence, find out if the new coin is coming up with ways to solve something ambitious. Currency Distribution: Each new crypto coin will have a smart contract. Read the smart contract to find out details of currency distribution such as whom, when, where, how much of the crypto coin will be distributed. What will happen to the unsold crypto coins? Exchange Plans: It is certainly a green flag for an ICO if major crypto exchanges are offering the new crypto coin. Hence, when choosing an ICO, check if it is offered on crypto exchanges like Coin base, Kraken, or Bittrex. Type of Blockchain: Usually, a new ICO must be developed and launched from an existing blockchain. For example, Ethereum blockchain. An ICO that is developed and launched using the Ethereum blockchain will accept the payment using Ether. Hence, you need to have the said crypto coin to buy the ICO. Whitepaper: The most important document an ICO can offer. You must always read the whitepaper document that outlines everything about the crypto coin. The document must be comprehensive. Final Takeaway ICOs are a great way to find a new crypto coin for investment. However, since several ICOs are usually a scam, you need to be highly careful before choosing one. Apart from finding an ICO, you also need to evaluate it thoroughly. Find out more about the crypto market, guides, and fundamentals on Coin Informer!

crypto coin

Initial Coin Offering (ICO): Quick Comprehensive Guide

When you start reading, learning, and investing in the cryptocurrency market, you always come across the term “Initial Coin Offering” (ICO). And you wonder what does that mean? Should you invest in an ICO? Is it risky to invest in an ICO? Will you ever earn profits by investing in an ICO? Well, the questions are innumerable. And the lack of an answer may confuse you. So, our experts sat down and created this quick guide about ICO and answered the most frequently asked questions for you. Let’s see what they had to say. ICO: What is it? ICO is a method to introduce a new crypto coin to the market in the hope to raise funds for developing the said crypto coin. For example, you have developed a new crypto coin that you want to introduce in the market. The only thing you need is money. And you can get that by connecting to a venture capitalist. However, you might have to give a certain part of the company’s ownership to the said venture capitalist. Now, what if we told you that you can raise money for your new crypto coin without giving away the ownership of your company? That’s where ICO comes to your rescue. All you need to do is create a white paper detailing how your crypto coin will work. You create a fantastic website and ask people to invest in your crypto coin. They can either send you Bitcoin or Ether or send you fiat currency. In return, you give them a few of your crypto coins. You use this money to build the crypto coin and successfully introduce it to the market. The people who send you money will now have to sit back and hope that your crypto coin gains momentum for them to earn profits. ICO: Who can introduce it? Basically, anybody! As long as you have the tech knowledge to develop a coin, a fancy website, and market your coin, you can introduce the coin as ICO. Also, the crypto market is highly unregulated, hence it makes it easier for anyone to bring an ICO. However, this also gives rise to the possibility of a scam. ICO is the easiest way to create a scam crypto coin and abscond the money. Hence, when you get to know about an ICO, make sure you do your due diligence before investing in it. ICO: How to start your own? As said above, anybody can start their ICO. However, one thing you must ensure is that either you or someone on your team is an expert in blockchain and cryptocurrency. Someone on your team must be able to answer all the questions related to the tech part of the coin. Next, you need to create white paper. This document must provide all the information to the minute details. This document must be informative, creative, engaging, and convincing for the investors. You might want to check out the white paper of Ethereum which is one of the most successful ICOs. Bottom Line ICO allows you to introduce a new crypto coin. The risk in investing in ICO is high because it is the easiest way people can scam others for money. So, if you want to introduce or invest in an ICO, you must do your due diligence. To stay informed on the cryptocurrency market, keep reading Coin Informer!

Cryptocurrency

Three Tips to Avoid Panic Selling Your Cryptocurrency

Panic Selling Your Cryptocurrency: The cryptocurrency market is highly volatile. And with the pandemic and any political tension increase the volatility of the market. Investors observe massive fluctuations in the price of different cryptocurrencies. The outcome? Panic selling the crypto coins! Yes, that’s right! Due to higher fluctuations and volatility, people start getting scared of losing money and start panic selling their assets. However, in the long term, panic selling doesn’t help! In fact, several investors have regretted their decision to panic sell their crypto assets. So, no matter the massive fluctuations, you must avoid panic selling your crypto assets. How can you achieve this? Here are three top tips that you can follow to ensure that you don’t fall for panic selling. Invest Your Disposable Income Many investors make the mistake of investing money that they can’t afford to lose. This makes them emotionally attached to this money as the loss will affect their daily finances. This is one of the reasons why people panic sell their crypto assets. To avoid this situation, you must invest your disposable income. So, even if you lose the money, your daily finances won’t be affected. And if the fluctuations settle down and the market becomes stable, well, you will earn profits. Have a Long-Term Vision Cryptocurrency investment won’t give you massive profits in just a short time. You need to be patient and have a long-term vision for your investment. If you have observed the pricing trends of bitcoin, you will find that the coin price started from less than a cent to reach a maximum of $69,000. People who invested in bitcoin in the initial years and didn’t panic sell in between were able to make millions of dollars worth of crypto wealth. It was possible because they were consistent and kept a long-term investment vision. Choose a Better Cryptocurrency If you have followed the crypto market, you know that several cryptocurrencies come and go. The ones with high market cap, marketing, devoted founders, and robust development teams survive. Without these factors, the cryptocurrency coins have crumpled to a state where it was difficult to bring them back. Hence, to avoid panic selling, make sure to invest in better cryptocurrencies such as Bitcoin, Ether, and Cardano. These crypto coins have a stable foundation in the market with numerous supporters. This will ensure that even if there are price fluctuations, your investment will be safe thus avoiding panic selling. Bottom Line The Crypto market will always stay volatile and will experience price fluctuations. However, with patience, consistency, and knowledge, you can avoid panic selling your assets. This will help you make profits in the long run. Keep learning about the crypto market here at Coin Informer!

crypto nfts

CryptoPunks: A Quick Overview of the Most Popular NFTs

NFTs have gained rapid momentum and recognition in 2021. And it’s no wonder when experts say that NFTs will be all the rage in 2022 and the future. Although NFTs have been around for the past few years, they came into the limelight recently. And one of the NFT projects that caught the attention of investors is CryptoPunks. But what is CryptoPunks? Who created them? And where can you buy them? In this blog, we will answer all these questions in a quick, brief, and comprehensible way. So, let’s get started! CryptoPunks: What Are They? You can call CryptoPunks the pioneer of the crypto art world. These tiny 8- bit style pixelated punks are collectible pieces of crypto art. There are 10,000 punks with unique features and characteristics. These punks are represented on the Ethereum blockchain. CryptoPunks is one of the first NFT projects and is now the most popular NFT in the market. Some of the punks are worth millions of dollars. So, if you have a crypto punk, you can sell it for millions and probably make a living out of it. CryptoPunks: Who Created Them? Larva Labs, a New York based company created CryptoPunks. The company started working on this project in 2017. The main reason behind creating CryptoPunks was to experiment with the very nascent NFT market at the time. However, the project was able to give rise to crypto art as we know it today. NFTs are a type of cryptocurrency making CryptoPunks cryptocurrency too. But they are different from your regular crypto coins. Amongst the 10,000 CryptoPunks, we have a mix of male and female punks along with aliens, apes, and zombies. Each punk is highly unique with different attributes. Initially, when the company started offering CryptoPunks, they did it for free. All you need to do was pay the transaction fees for the Ethereum blockchain. However, over the years the popularity has increased and now each punk is worth thousands. Hence, if you already own a punk, you can now sell it for millions and make all your dreams come true. Currently, CryptoPunk #3100 and #7804 are the two most popular and highest selling crypto punks with $7.58 million and $7.57 million respectively. CryptoPunks are just after the most expensive NFT, Beeple’s EVERYDAYS: THE FIRST 5000 DAYS. CryptoPunks: Where Can I Buy? You can buy CryptoPunks on the exclusive platform created by Larva Labs. They have a special marketplace on the CryptoPunks website. You buy, bid, or sell punks on this marketplace. OpenSea, a leading Ethereum NFT marketplace, also offers CryptoPunks. However, they are a little different. These punks have been wrapped in ERC-721 tokens. This makes it easy to sell on the NFT marketplace. You can easily wrap and unwrap a CryptoPunk using Wrapped PUNKS. Final Takeaway Although CryptoPunks now have a tough competition with other types of NFTs, they are the pioneers of the NFT world and crypto art as we know them today. They are still highly popular, expensive, and hold the potential to turn the NFT marketplace. So, if you get your hands on one such punk, make sure to buy it. For more cryptocurrency insights, keep reading Coin Informer!

crypto diversification strategy

Six Tips to Diversify Your Cryptocurrency Investment Portfolio

Have you decided to invest in cryptocurrency? If so, you might be looking to buy your first bitcoin or ether or any other crypto coin. Now, investing in cryptocurrency is certainly exciting because the market has shown higher returns and profits. However, the cryptocurrency market is also prone to massive price fluctuations and volatility. If you don’t plan your investments carefully, you might experience a major loss. And you certainly don’t want that! So, what is the best way to ensure that you invest carefully, make profits, and can bear any losses? The Answer Is Simple. Portfolio Diversification! Just like any investment portfolio, you will have a cryptocurrency portfolio that will tell what crypto coins you have, how much you have invested, where you have invested, and any other such investment details. Now, to avoid any losses, you might think of investing in just one type of cryptocurrency. However, this increases your risk of losses because you have invested all your funds in just one cryptocurrency. Any decrease in the price of that cryptocurrency means you bear a huge loss in just a moment. But if you have a diversified portfolio, you will have your money invested in multiple cryptocurrencies. So, even if there is a huge price drop in one crypto coin, you will have other crypto coins to save you from major losses. The more you distribute your money in different cryptocurrencies, the more stable investment you will have. Now, How Do You Diversify Your Crypto Investment Portfolio? Here Are a Few Quick Tips. High-risk investment definitely promises you major gains, but they also result in major losses. Hence, you must diversify your portfolio to include low, medium, and high-risk investments equally. This will balance your investment portfolio and give you more stability. Liquidity is crucial for your investment portfolio. So, in the cryptocurrency market, you can invest in some stablecoins to get liquidity. Several decentralized finance (DeFi) platforms use stablecoins, hence they are crucial to ensure quick exit or gain. The Crypto market keeps evolving rapidly. And so should your investment portfolio. Based on the current situation in the crypto market, you must relocate your investment portfolio. Avoid greed! Yes, make sure to always keep this advice in your mind and implement it when you feel the need. There will be times when you will make major gains from one cryptocurrency that will tempt you to pump in more money in the same coin. But don’t fall for greed, instead, make an informed decision. Always conduct your own research. This is a classic piece of advice that will always help you make better investment decisions. This is your money, so you must be the one who makes the decision. Don’t just consider the advice of others. Always invest your disposable income. So, even if you experience a loss, it won’t affect your day-to-day finances. Final Takeaway Cryptocurrency investment is certainly exciting due to its massive potential. But just like any other investment you need to be careful. Diversify your investment portfolio to ensure that you don’t face massive losses. Follow the tips to ensure that you have a balanced portfolio for better investments. To read more, keep following Coin Informer!

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Category: Stocks

7 Great Reasons to Buy Amazon Stock in 2022

7 Great Reasons to Buy Amazon Stock in 2022

Bullish and Bearish Market: Best Ways to Invest!

Four Ways to Secure Your Digital Wallet

Importance of Liquidity for Crypto Market

How to Select the Right ICO for Investment?

Initial Coin Offering (ICO): Quick Comprehensive Guide

Three Tips to Avoid Panic Selling Your Cryptocurrency

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