@StarkNet is a Validity-Rollup for general computation, operating as an L2 network over Ethereum. It uses STARK proof system to ensure eventual L1 security.
The NFT market is booming, but is it a bubble waiting to burst?
Let's dive deep and see what the true story is.
π§΅β¬οΈ
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Greed
Last time I mentioned greed,and how it can be a dangerous emotion in trading.
When people get greedy, they often go into a panic when prices on the cryptocurrency market suddenly start to plummet. This leads to cascading sales - a phenomenon "panic selling".
According to @nftgoio the market has already cooled down a bit, but the PNL figure is just deplorable, about 70% of market participants have lost their money in the last 30 days.
More than half of the participants were probably left without money.