Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Handy Tips
Cryptocurrencies That Can Be Staked
Staking is one of the most profitable crypto investment options available today. Primarily, it involves collateralizing some crypto assets in wallets or exchanges and awaiting rewards. But, of course, there are many platforms for staking and profit maximization. However, for staking to be effective, the investor should make the right decisions about many things. Foremost, the choice of platform, an exchange or wallet, and the policies instituted. Second, the investor should select the best coin to stake from the many…
4 years ago
Cryptocurrencies You Can Leverage on at Low Risk
Trading cryptos is likened to a minefield, especially for beginners; one wrong move could mean a terrible outcome. Crypto investors can gain or lose substantial money in a flash if they do not have the best strategies. Enough background diligence, online security, and a healthy dose of suspicion can help make your investment safe. All traders inevitably use the terms margin and leveraged trading in cryptos, and while these terms are related, there is a difference between them. Nevertheless, they…
4 years ago
3 Reasons Why You Should Not Trust CoinMarketCap
There has been a lot of talk concerning the reliability of the CoinMarketCap platform, all pointing out its data vulnerabilities. According to various articles, the crypto website reports on fake volumes, comprising the top 25 exchanges among the 560 listed ones. More than 75% of these exchanges expose similar data vulnerabilities that make it hard to trust the platform. Also, Forbes analyzes major research reports that conclude fake crypto trading volume of about 65% to 95%. Regarding the concerns raised…
4 years ago
What to Expect in the Cryptocurrency Markets After Covid-19 is Mitigated
One year into the pandemic, the crypto market appears to have boomed. When the pandemic occurred, Bitcoin – the world's first cryptocurrency – could be bought for about $7,300. A couple of days back, the token cost over 55 000 dollars, a 653% increase, with similar surges in other leading cryptocurrencies (e.g., Ether). During the pandemic, many things came together that helped Bitcoin and cryptocurrencies, in general, out quite a bit. First, the stock market volatility drove many people to buy…
4 years ago
Accidentally Sent Crypto to the Wrong Address – What Can I Do?
Anyone who accidentally sent their cryptocurrency to the wrong address knows that horrible feeling you get in your gut. Unfortunately, taking a loss due to human error is sadly more common than you think in the sector. The technical learning curve and overall censorship-resistant nature of cryptocurrencies mean they're great for many things. However, refunds are not one of those items. The recent surge in the popularity of cryptocurrencies has put the capabilities of these unique financial instruments in the…
4 years ago
Stop Loss or Stop Limit Order: Which Order to Use and When
Trading cryptos is not as easy as it sounds, and most people will tell you that. However, even professionals require some handy tips to ensure they are profiting from the market. These tips include using order techniques to regulate the amount spent during trading. Using such tips, you can be sure to earn a living from trading or even become a crypto millionaire. Each executed trade requires at least two orders to be considered complete: the buy and sell orders.…
4 years ago
Understanding the Concept of Continuation Triangles When Predicting Crypto Prices
Financial and crypto markets are some of the greatest investment options of our time, but they are probably the most complex. Even expert traders often make mistakes that lead them to losses, which always increase due to market volatility. However, some traders have garnered expertise in understanding the market charts, the supports, resistance, and breakouts. Often, some use tools designed to help understand the market, and one of those indicators is the continuation patterns. As the name suggests, continuation patterns…
4 years ago
What to Look for in Crypto News When Predicting Crypto Prices
The cryptocurrency world has been gathering speed at a breathtaking pace. So what better way to ensure one's invested sum grows than knowing how to predict prices? Crypto news sites are buzzing with every tit-bit of crypto news out there. There are, however, a few things to look out for that could make even a novice pretty accurate at predicting prices. Technical Terms to Look Out for Anyone wishing to predict a crypto price movement should look for this first set.…
4 years ago
Crypto Social Trading Platforms to Consider in 2023
Social trading in investments was introduced years ago, with platforms like eToro, and many others taking the lead. However, crypto social trading started in late 2017, and since then, it has gained momentum. Social trading aims to help investors maximize their incomes by following more experienced traders' strategies with well-performing investments. Moreover, autonomous social trading systems make it easier to copy other expert trades and earn significant incomes. In crypto especially, social trading is essential due to the market volatility…
4 years ago