Why Avatars Dominate the NFT Market

Of the top 10 NFT collections by market cap, seven, according to CoinMarketCap, are what could be called “avatar NFTs” – headshots, basically, of cartoon characters or pixelated people. The collections topping the charts include CryptoPunks, Bored Ape Yacht Club and Pudgy Penguins, all of which have been feverishly fawned over in recent weeks in […]

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Is This the End of the Stock Market Rally?

The U.S. stock market plunged sharply on Thursday on concerns about the economy and rising virus cases. The VIX spiked as investors’ fear is mounting. The rally might end when investors realize the pandemic is causing lasting damages to the economy. The stock market plunged on Thursday amid concerns about the Federal Reserve’s grim outlook […]

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Nikola Corp (NKLA) Is Not the Next Tesla

Nikola’s market cap now exceeds that of Ford despite zero revenue projections for this year. The renewable energy carmaker will release its first truck next year. Unlike Tesla, Nikola will enter a market with an ever-growing number of players. Days after it started trading following a reverse merger, renewable energy carmaker Nikola Corporation (NASDAQ: NKLA) […]

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