Day: September 4, 2024

OPEC+ is in a difficult situation

They can postpone the production increase to Q4 to keep prices above $75, but this does not solve the problem of the projected oversupply in the first half of 2025. If the cartel wants to protect prices, it will have to cut production, not just postpone its growth, because the oil price desired by Saudi Arabia is too high. Expect price hikes in the near future? submitted by /u/dll_crypto [link] [comments]

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What is the current state of the NFT market?

The NFT market has experienced both rapid growth and significant decline over the past few years. Analysts from NFT Evening analyzed more than 5,000 collections and 5 million transactions and made the following conclusions: https://preview.redd.it/sy31f1w7vsmd1.png?width=680&format=png&auto=webp&s=5ed9edce3992735345039044ffaf38544947d553 96% of all collections are currently inactive (no trading and social media activity); 43% of NFT owners have incurred losses; The average loss is 44.5% of the invested funds; On average, the lifespan of NFT projects is 1.14 years, which is 2.5 times less than that of crypto projects. Most NFT projects ceased to exist in 2023; However, some collections are still active. For example, Azuki owners received a return of approximately 2.3 times the amount of their investments. It is important to note that the NFT market is currently facing difficulties, but it is still too early to predict its complete collapse. Tokenization has great potential, however, for this field to have a successful future, it needs to develop, establish clear standards and rules of the game. submitted by /u/Lor1al [link] [comments]

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