Altcoin. Refers to any cryptocurrency other than Bitcoin, and there are thousands.
Safemoon offers a unique way of investing in cryptocurrency, as people who hold Safemoon and then sell it are subject to a 10% fee. This fee is halved, with 5% of it being given back to other Safemoon holders – the developers call this ‘reflection’. The additional 5% is split again, with 2.5% being used within the liquidity pools on exchanges such Pancake Swap, with the other portion being converted into BNB.
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Bitcoin’s surge continued overnight on Monday as the cryptocurrency soared to $68,568.85 in value in the early hours of Tuesday morning, according to Coinbase.
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“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
Crypto Chase referred to the implications of sudden erratic price movements on exchanges, these serving to liquidate traders who should have retained their positions.
Both ideas are about making a few people rich, not about building a decentralised paradise where everyone prospers
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In a recent report from Kraken exchange, analysts said that the current quarter’s price action has a correlation of 0.88 with the fourth quarter of 2017.
If you’re investing in cryptocurrency, expect volatility to continue. That’s why experts recommend keeping your crypto investments to less than 5% of your total portfolio.
After a proposed acquisition of Pinterest (NYSE: PINS) for $45 billion by PayPal Holdings (NASDAQ: PYPL) fell through, both companies have taken the spotlight. Jamie Louko (Pinterest): If you're looking for an established company that still has the potential to grow multiples bigger than its current size, Pinterest might be a good place to park cash. Pinterest is a social media company that helps drive inspiration and creativity in people.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)
Bitcoin (BTC) plummeted 2.18% to $66k at the time of writing. Bitcoin’s dominance is currently 43.35%, a decrease of 0.34% over the day.
For upcoming projects, DogeZilla is planning to launch an NFTs Invasion Series in early 2022.
If an investor believes in the technology-backed digital currency, then cryptocurrency should be his cup of tea. Just a decade-old asset class, it has yielded astronomical returns over the years. Some investors look to use these digitally coded tokens to hedge against inflation. Despite high volatility and speculations, there are multiple reasons that they can become mainstream in the coming future.
A top official said Zimbabwe is looking to allow cryptocurrency as legal payment, according to a local report Sunday.