NFTs are still finding some footing

One of the new offerings in the digital space is NFTs or Non-fungible tokens. A non-fungible token is a unit of data stored on a digital ledger, the same as cryptocurrencies, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. This provides digital musicians and artists with a unique medium in which to sell individual exclusive media or files directly to the customer while additionally providing another potential income source in a work from home environment.

(Photo by Dmitry Demidko/Unsplash)

NFTs can be used to represent media such as photos, videos, audio, and other types of digital files. One of the listings that were heating up in the NFT space and heavily traded was NYSE:TKAT.

TKAT has crossed on the MACD indicator to signal potential upwards buying volumes. It had rallied from the smaller $2 range to up to as much as $53.8 on the 23rd of March 2021 and the re-trace has not brought it below the $10 range. A lot of speculation currently in the NFT digital space as a new offering to how digital assets may be exchanged and this was seen as a potential door to the Chinese crypto behemoth and the NTF offerings in the Chinese market through companies such as Takung Art Co. Ltd. as they are currently operating in the art dealership space in Asia with close ties to China & Hong Kong.

(Photo supplied by Wix)