Moonly - Moonly Blog (Page 2)

What Are Meme Coins: Are they Good Investments?

The value of meme coins typically depends on community hype. But are they good investments?

Solana

What Is Bonk Token: Should You Buy it?

Bonk, the Dogecoin killer, is causing a frenzy all over the Solana ecosystem. Why the hype? Is it worth buying?

crypto

6 Unforgettable Crypto Fallouts of 2022

We've seen many twisted events in crypto this year (2022). Learn cogent financial lessons from the stories behind the most unforgettable crypto failures of 2022.

News

Paxful's P2P Platform Delists Eth

"Integrity over revenue. Who's next?" As Ray announces the official delisting of Ethereum from Paxful P2P marketplace.

News

Core Scientific Files for Bankruptcy: What Does this Mean for Crypto?

Amid fallen revenue, increasing energy costs, and the crypto-bearish market, Core Scientific, one of the largest Bitcoin mining companies in the United States, files for Chapter 11 bankruptcy today, December 22, 2022. This is a sequel to a report that surfaced in a post by CNBC on December 20, 2022.

crypto

What Are Rug Pulls in Crypto and How Can You Spot Them?

Rug pulls are some of the most common scams in crypto. According to a statistic found on Comparitech, 2022 alone recorded 346 cryptocurrency rug pulls. Shockingly, even some projects that weren't originally rugs can eventually become one. Unfortunately, experienced and new crypto traders and investors aren't immune to rugs. But

News

Binance Proof of Reserves Report Contains Loopholes: Report Says

Although Binance preaches customer-platform transparency, a new finding from its Proof of Reserves report says there may be some loopholes in its internal finance management.

Visualizations and stats in a computer screen

crypto

What Is Proof of Reserves? How it Saves You From Losing Your Crypto

You risk losing money stashing funds in a poorly audited system. Assessing an exchange platform's Proof of Reserves (POR) tells if it's worth keeping your cryptogenic assets.

News

Sollet Wallet Down: How to Transfer Your Funds to Phantom From Sollet

The bearish market has impacted the Solana ecosystem significantly. While the blockchain strives to gain its glory, Sollet.io, the 24-keyphrase Solana wallet, went offline abruptly on December 8, 2022, taking down its website and wiping its tweets clean. The tip of its shutdown first appeared in a tweet by

Animation figure typing with a scammer's mask on a computer

NFT

How Scammers Exploit Magic Eden's Zero Fee to Bait Traders

If anyone told you there are fewer crypto frauds than conventional web crimes, argue against it with your last sweat. Non-Fungible Tokens (NFTs) are even worse. The NFT market is undoubtedly huge, with a market cap of over 2 billion USD. And the scams loitering around marketplaces are countless. Categorizing

crypto

7 Ways to Beat a Crypto Bearish Market: A Guide for Beginners

The crypto market is cyclic. Like nature, it has its bad, worse, and better times. But hot emotions build up during a bearish market. And as an investor, it's normal to develop fear, uncertainty, and doubt (FUD). Some people go as far as shit-posting about projects they've invested in to

Solana

The 10 Best Solana Wallets

Navigating the choice of wallet to store your Solana holdings in is often a headache, especially if you're new to cryptocurrency. You can lose all you've ever made in a flash if you don't choose your Solana wallet carefully. But wonder no more! This article offers a guide to the

News

How the FTX Bankruptcy Strikes the NFT Market: Solana NFTs as a Case Study

Until its collapse, FTX was the second biggest crypto exchange platform, only trailing behind Binance, the world's largest. But amid the bearish market and many internal crises, investors' businesses took the wrong course when FTX filed a chapter 11 bankruptcy on November 11, 2022. There have been concerns that the

An NFTs art wearing an oculus headset for the metaverse

NFT

How Are NFTs Tied to the Metaverse?

You can buy properties in the metaverse using any cryptocurrency. But how do you ascertain ownership of these properties? Thanks to NFTs.

Hand holding blockchain symbol on smartphone

NFT

8 Best Blockchains that Support NFTs

Non-fungible tokens (NFTs) are the hottest digital investments out there today. And people keep investing as the market grows. Of course, NFTs are cryptogenic assets and are only tradable in cryptocurrencies. Hence, they're only available in a blockchain. Many more blockchain technologies keep supporting NFTs. But whether or not you're

whitepaper

Whitepaper - Roadmap

What is Moonly?Moonly is a service that provides advanced tools to help you make informed decisions about your NFT investments. Built by Stefan Smiljkovic (Founder of Automatio), Moonly was created to help make it easier to understand what projects to get involved with in the Wild West that is

Cat NFT with cap, cigarette and warning sign

NFT

How to Spot a Fake NFT Project

Non-Fungible Tokens (NFTs) are rising by the day, and more people are trooping in for its profit and royalties. But scammers lurk around to scavenge and sell fake NFTs by all means, too. Experienced traders get scammed into buying fake NFTs. So what if you’re inexperienced? It means you’

NFT

The 5 Best Solana NFT Marketplaces

Are you tired of Ethereum’s slow network and huge gas fees? It’s time you dumped it for the Solana train before it’s too late! But first, you need a solid Solana marketplace to trade your NFTS. And that’s what this article is all about. Nonetheless, before

NFT

What is NFT Whitelist?

To say that NFTs are becoming a desired commodity is an understatement. The rush is real, with prices spiking by and by. But thanks to NFT whitelist, a tool NFT communities now adopt to relieve transaction pressure and grant special minting privileges to some members. Those with such benefits can