Bitcoin DeFi ecosystem explained Besides wBTC, Stacks and Rootstock, BadgerDAO, RenVM and Liquid Network promote various use cases of Bitcoin DeFi. BadgerDAO A decentralized autonomous organization (DAO) called BadgerDAO makes it possible for BTC to be utilized as collateral across various DApps. The BadgerDAO uses the Ethereum-based token BADGER for protocol governance and incentive distribution. Users can earn income […]
What is the Trust Wallet and how do you use it? A secure cryptocurrency wallet is crucial for those investing in the growing cryptocurrency market. Technically, crypto wallets are pieces of software that enable users to send and receive digital currencies, like Bitcoin (BTC), Ether (ETH) and Litecoin (LTC). Cryptocurrency wallets are typically used to store multiple coins and tokens at once. However, most wallets only […]
What is USD Coin (USDC), fiat-backed stablecoin explained USDC offers instant payments, saves users from the cryptocurrency market’s price volatility and is audited by a regulated auditing firm, making it a transparent stablecoin. However, it does not offer price appreciation opportunities, and investors may incur high transaction and withdrawal fees while dealing with USDC. One of the key advantages of the USD Coin […]
What is the relationship between blockchain and Web3? Cryptocurrencies and blockchain are the building blocks of Web3. However, the decentralized web also relies on technologies like AR, VR, IoT and others unrelated to blockchain or digital currencies. The third generation of the internet, known as Web3, is based on blockchain technology. However, technologies like machine learning, big data, artificial intelligence (AI), the Internet […]
What is crypto market capitulation and its significance Capitulation literally means concede. In the financial sphere, this term reflects a period of aggressive selling when the last of the bulls concede defeat to become bears themselves. What is crypto market capitulation? Suppose a cryptocurrency drops 30% overnight. An investor is left with two options: they can continue to hold or sell to realize […]
What Is COCOS? And How It Ended Up Replacing XRP In The Crypto Top 10? An unknown cryptocurrency called Cocos-BCX (COCOS) surprised market participants by sneaking into the crypto top 10 by market cap. Out of the bloom, the token records over $25 billion in market capitalization, according to data from CoinMarketCap. The platform experienced a bug that allowed COCOS to rise in the industry’s top ranking. As of this […]
Expert panel: what is your biggest tip for a user just getting into crypto? It has been a wild few years in the cryptocurrency industry. Only a few years ago, crypto was still a niche and enigmatic concept to most, yet today it is firmly in the mainstream. During the pandemic years especially, there was a massive influx of new users into the industry. But the industry is a […]
What is VeChain (VET) and how does it work? The fundamental traits of blockchain technology, including decentralization, immutability, transparency and automation, have proven to be capable of several use cases for different businesses. However, due to the costs of creating and maintaining blockchain-powered applications, it can be difficult and expensive for enterprises to fully utilize its benefits. With the adoption of distributed ledgers, many […]
What is a golden cross pattern and how does it work? A golden cross pattern on the charts excites crypto traders for its promises of profitable opportunities ahead, largely due to its impressive success rate in traditional markets. The golden cross tends to preceded sustained uptrends in contrast with the bearish death cross pattern. For instance, since 1970, the S&P 500 has been returning about 15% gains on […]
What is a Doji candle pattern and how to trade with it? The Doji candlestick, also called a Doji star, shows indecision between buyers and sellers in the crypto market. This type of candlestick is confirmed on a technical analysis chart when the opening and closing prices are almost identical. What is a Doji pattern on the candlestick chart? In simple terms, a Doji shows that an […]
What is spot trading in crypto and how does it work? Since their inception, cryptocurrencies have seen rapid growth and widespread market adoption, as evidenced by the assets tied to crypto assets that have started to appear in the portfolios and trading methods of numerous asset managers. The process of purchasing and selling cryptocurrencies to profit is known as cryptocurrency trading. Trading in cryptocurrencies can be […]
What Is Stagflation In Terms Of Crypto Stagflation is a comparatively uncommon state linked to economic stagnancy. Inflation that comes along with economic development contrasts with stagnation. Price grows as an increase in economic output is when inflation takes place. When the state does not expand quickly enough to satisfy people’s needs, economic stagnation results. High inflation and underdevelopment of the economy […]
What is stagflation, and how could it impact the cryptocurrency markets? Cryptocurrencies have not been around for very long. Hence, there is not much data yet on whether cryptocurrency is a good investment during stagflation and if stagflation is generally good or bad for the markets. To grasp if cryptocurrency investments work well during stagflation, one can examine how traditional markets behave during inflation or stagflation […]
This week in crypto: SBF explained FTX’s collapse in an interview Key takeaways Sam Bankman-Fried granted an interview to explain the circumstances behind FTX’s collapse. Nexo and Gemini gain regulatory approval in Italy. NFTs are now live on the Uniswap network. SBF takes responsibility for FTX’s collapse The former CEO of FTX explained in an interview earlier this week that he is responsible for the collapse of […]
What is Mars Token? Here is what you need to know The Mars token (MRST) is set to go live soon, but knowing what it is will help you make an informed investment decision. Mars token (MRST) is the native token of the Mars Metaverse. The token is set to go live on the OKX exchange, allowing investors to buy the asset. However, here is what […]
Crypto token supplies explained: Circulating, maximum and total supply A cryptocurrency’s maximum supply is the total number of tokens that will ever be mined, and it is usually defined when the genesis block is created. Bitcoin’s maximum supply is capped at 21 million, and although anything is possible, its strict protocol and code are built so that no more BTC can ever be mined. […]
Solana recovers 20%. Here is what is happening and the potential price action next Solana (SOL/USD) is again flexing its muscles after losing half of its value in two days. On Friday, the cryptocurrency had recovered more than 20%. That ignites hopes that SOL would overcome a potential single-digit price. But how likely is the rally to be sustained? You know that SOL has been falling heavily due to […]
What is crypto copy trading and how does it work? Cryptocurrency trading is a complex skill requiring extensive knowledge of fundamental and technical analysis and the cryptocurrency ecosystem as a whole. As most traders lack the capability to develop a winning trading strategy, they struggle to learn a multitude of skills needed to be a successful investor (who knows how to swim through the steep […]
Is Bitcoin bullish or nah? Here is what is really going on with BTC price Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve. Apparently, such a move would prove that the Fed’s only available option is to print into oblivion, further diminishing the value of the dollar and enshrining Bitcoin (BTC) as the world’s future reserve asset […]
What is Mask Network, and why is its token surging? – a technical outlook The Mask Network, a protocol that claims to be the portal to a new and open internet, is attracting interest this week. Its native token, MASK, is making parabolic moves. In just two days, MASK has more than doubled in price. The token touched a high of $5.90 on Thursday, from $2.30 on November 2. MASK […]
