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QUIZ: Do you everything that brands are doing to drive awareness about cryptocurrencies?
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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.
Like traditional currencies, cryptocurrencies express value in units — for instance, you can say “I have 2.5 Bitcoin,” just as you’d say, “I have $2.50.”
If you’re interested in trading the major cryptocurrencies, whether long or short term, there are many factors to consider. Do you have a high risk tolerance; are you open to volatility? Do you want to add more cryptocurrencies to your portfolio, or do you want to progress to a new asset class in time? Do you want to go for a day trading strategy, or do you prefer position trading for a longer-term approach? The following tips are key:
That’s the same crowd that has pumped up the prices this year for other crypto like Shiba Inu and Dogecoin.
Bitcoin made a new life high at $66,998 on 20th Oct and since then it entered into a retracement phase and subsequently prices dipped below $59,000 in the following days.
"Nevertheless, with central banks likely to begin raising rates and tapering its stimulus package, investors are looking for a store of value that is perhaps less susceptible to these changes.
But, why do individuals mine cryptocurrency? The most obvious answer is that some people seek a second source of income and others want more financial freedom without the interference of governments or banks. For instance, crypto miners verify the legitimacy of transactions in exchange for Bitcoin as a reward for their efforts.
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Cryptocurrency’s technical foundations date back to the early 1980s when an American cryptographer named David Chaum invented a “blinding” algorithm that remains central to modern web-based encryption.
The crypto industry is still very young. Bitcoin, the most well-known and first viable cryptocurrency, is only 12 years old. Even the biggest companies in crypto are often recent start-ups. One of these companies is Binance. Founded just 4 years ago in 2017 Binance has grown to become a leader in cryptocurrency exchange. However, there is more than one Binance. Read on to learn how Binance relates to Binance.US. Difference Between Binance and Binance.USCurrencies OfferedTrading FeesLiquidityConclusion
4 November 2021$CAKE #SAFEMOON $CATE $NFTB $SLIM $FEG $YOOSHI $BSCX $LINK $FTM pic.twitter.com/6BCyllEQ3F
Nonfungible tokens, or NFTs, are yet another type of cryptocurrency, denoting that it is a one-of-a-kind asset and cannot be replaced. A Bitcoin, for example, is fungible, meaning you can exchange one for another and get precisely the identical thing. However, a one-of-a-kind trade card, on the other hand, cannot be duplicated. You’d get something altogether different if you swapped it for a different card.
Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood. In late July, Elon Musk said Tesla was "most likely" to start accepting bitcoin as payment again. The comment helped the cryptocurrency race past the $30,000 level.
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