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Disclosure: At the time of writing, the author of this feature owned BTC and ETH.
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Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrencies.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
Eightcap is a multi-award-winning global broker founded in Melbourne, Australia, in 2009. Eightcap’s mission is to build a home for MT4 MT5 traders by delivering an unparalleled trading experience. Unlike some other brokers, Eightcap is authorised an…
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Bitcoin price hits new record high - why is Bitcoin up today? Cryptocurrency prices of Bitcoin, ETH and Shiba Inu (Image credit: Getty Images/Canva Pro)
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Without a clear track record to assess long-term value, cryptocurrency rises and falls on an unpredictable demand cycle. And for individual investors, the challenge is “you really don’t know where supply and demand can end up,” Aliaga-Díaz says.
SafeMoon is not yet listed on Coinbase or Binance. However, the currency does hope it will achieve this in the future.
Safemoon is a member of the group of tokens known as memecoins. Memecoins are crypto tokens or coins based on internet memes. Specifically, Safemoon derives its name from a popular slang term in crypto discussion forums—’going to the moon’. This expression refers to the price of a crypto asset rising very high over a very short period.
Tokens have been created to use smart contracts or tokens as a form of currency. They do not have a blockchain and are used on decentralized applications (dApps).
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Rivian's IPO was a smashing success, generating real interest among institutional investors. That could be a problem for Tesla—and the S&P 500.