Altcoins

To solve the current issues faced in the financial world, digital currencies were invented, with Bitcoin being the first of its kind. Fourteen years later, bitcoin has grown from less than a dollar in 2010 to almost $17000 in January 2023, after hitting an all-time high in November 2021 of $69000. The open-source software possesses distinct yet convenient features that have become an investment option for many. Among the features include decentralization, privacy, transparency, and many more. Due to this reason,…

Despite the rapid rise in cryptocurrency value, mainstream adoption seems to be a far-fetched dream. In a survey by Finder.com involving 2,001 American adults, it was established that only 7.95% of respondents owned bitcoin, with the majority being millennials at 17.2% compared to baby boomers at 2.2%. Furthermore, 92% of Americans have never owned cryptocurrency, with only 7.76% claiming they will purchase one in the future.  However, despite the low rates of crypto uptakes, especially in Europe and America, there…

The cryptocurrency space has not been here for quite a while, with only over a decade since introducing the first coin. As a result, a significant population remains clueless about these digital assets, although many are beginning to show interest as the industry gets more mainstream. If you are getting started into cryptocurrencies, you will probably be bumping into terms you never heard of before. However, it can be unsafe when you only see the vocabulary and the complex technology…

The cryptocurrency hype continues into 2021 with an unprecedented boom on significant coins such as Bitcoin and Ether. The crypto industry is evolving daily and will seemingly rule the traditional financial world. Despite the known volatility of digital assets like coins and tokens from their introduction, people are still anxious about them and want to try their luck by investing in them. However, one thing that might confuse the new class of investors is the crypto industry terminologies. For instance,…

Cryptocurrency, most commonly identified as digital money, was first instituted in 2009 with the famous Bitcoin launch. Litecoin followed the launch in 2011; since then, many more crypto assets have joined the crypto world.  Cryptography secures the currency in crypto, thus protecting against counterfeiting and double-spending. The host of crypto is blockchain, a decentralized ledger system using state-of-the-art infrastructure.  Recently, the advancements in the crypto world have made many people think of investing in crypto. Naturally, beginner investors want to…

Data reveals that the overall market cap of stablecoins stands at over $140 B as of December 22, 2022. On top of that, the trading volumes gradually rise as the crypto instrument closes at the $900 billion mark.  Investing in the digital asset world has become difficult for goal-oriented minds. However, the onset of stablecoins has proven to be a valuable tool for trading today. Stablecoins can be described as cryptocurrencies tied to other valuable assets or commodities. Therefore, the crypto…