Altcoins

A staking pool is where multiple stakeholders can combine their computation resources to increase their chances of getting a reward. In layman's terms, staking pools allow stakeholders to unite their staking power in verifying and validating new blocks, thus increasing the probability of earning block rewards. A pool operator manages a staking pool where the stakeholders who join the pool lock their digital assets in a specific blockchain address (wallet). It is important to note that the number of rewards…

The advent of DeFi projects for farming pales compared to the aptitudes of traditional finance like lending and borrowing Into oblivion. However, the underlying capabilities of farmers to earn rewards in the form of interest for locking up their funds allows these DeFi projects to reach new highs in the future.  A market with over $5.2 billion in Total Value Locked of liquidity pools in yield farming projects explains why many want to join the craze. Yield farming involves farmers…

If you are a true cryptocurrency enthusiast, I bet we both know that the industry can be pretty lucrative. However, that doesn't mean anyone can hop in, invest and make huge chunks of money. The returns are never guaranteed, and success isn't that easy. Seasoned traders use different trading strategies, including software, to help them choose the right coins and detect the correct entry and exit times. Nevertheless, everyone must start somewhere. It's so easy to get tempted to join…

Since the launch of cryptocurrency and blockchain technology, several advancements concerning finance have been introduced. The idea was to make transactions safer, more reliable, and more permanent using blockchain.  Initially, the technology was focused only on providing payment currencies like Bitcoin, Litecoin, and Bitcoin Cash. More recently, crypto has focused more on providing comprehensive financial-related services, including trading and banking.  One service that crypto has replicated from the traditional banking systems is savings. Crypto assets are excellent modern-day savings tools…

On 14th April 2021, Coinbase went public by listing its shares on Nasdaq. It listed the share under COIN, and the move had excellent results on Coinbase’s value.  At the time of registration in the exchange, the unit price was $381, about 52% higher than its reference price of $250. However, the price of the shares closed the day at around $328.28. Accordingly, the value of Coinbase stood at around $100 billion on 15th April, around 1000% more than the…

Investing in crypto is tricky but highly profitable. For instance, there are many viable investment options in crypto today, and more are joining every month; therefore, choosing an asset is hard. XRP and BNB have been fighting for the third slot in the past few days. But, first, investors must know which asset to choose between BNB and XRP. This guide will analyze the investment prospects of the two famous assets, XRP and BNB, and provide a verdict on which…

Cryptos have been hyped as a strong contender for the next evolution of money. Their revolutionary features have always driven their growing interest as a means of exchange and asset. Having had humble beginnings in 2009 as more or less a geek's plaything, usage and investments have since surged. Investors, veterans, and newbies consider it a viable avenue to entrust their hard-earned capital. The diversity in players investing in cryptos has profoundly affected each player's type of investment strategy. In…

Is position trading profitable? The answer to this question is yes. This strategy made the top 25 highest-earning hedge fund managers generate billion in profits in 2022. Position trading involves HODLing positions or crypto assets for an extended period, usually months or years. Position traders ignore short-term price movements to profit from longer-term trends. This trading technique is suitable for various trading markets ranging from cryptocurrencies, stocks, bonds, and commodities to forex. In the crypto-verse, the strategy has seen tremendous…

In the past, if you wanted to purchase altcoins to support these projects, you needed to first get your hands on some BTC or ETH. This extra step often meant finding a centralized fiat-on-ramp and locating an exchange that offered the Altcoin you desired. The process was cumbersome and required you to navigate multiple platforms and incur fees. This process has been streamlined significantly, thanks to the introduction of altcoin/fiat trading pairs. Some top exchanges have expanded their fiat trading…