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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…

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…

It is always hard to keep up with an industry that constantly launches new successful products by the year. The blockchain world is one such industry that seems just to be scratching the surface of its full potential. Even then, it has managed to top over 22000 different cryptos as of the end of January 2023. While not particularly new in crypto terms, NFTs and Stablecoins are still very new concepts to most people who aren't avid followers of the…

Bitcoin price is currently well over $50k with an outstanding 66% market dominance making it the highest-valued cryptocurrency. The crypto developed in 2009 has seen its high prices realized through the end of 2020 and the first quarter of 2021. The records show an all-time high price of $61.55k, and future predictions lean on its price increasing to $100k. Certainly, the BTC rally doesn't seem to have run out, regardless of the 600% price surge since its launch.  Despite recent…

Cryptocurrency trading comes with a lot of uncertainties. Consequently, developers have developed tools to help crypto traders evaluate patterns in trading data. These analysis tools, such as Santiment, prevent traders from making investment decisions based on emotions. This article reviews the Santiment tool, one of the most excellent data analysis tools. The platform has been in use for years and has helped many traders understand crypto markets in depth. Additionally, with this tool, traders can apply the essential analysis concepts…

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…

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…

Cryptocurrency markets are characterized by comparably higher volatility than stock markets. As such, a very robust bullish market may suddenly swing to rapid decline. Conversely, a bearish market may also suddenly get an upswing in prices. Due to the comparatively higher volatility, crypto market corrections may catch many traders completely unaware. An investor may suddenly find himself in a position where a previous cash cow loses money rapidly in hours, prompting a divestment. Consequently, the price may swing back up…

Fourteen years ago, the cost of bitcoin was 6 cents. This year it recorded an all-time high of 60k. Considering the current Bitcoin mainstream adoption, what is the fate of Bitcoin ten years from now? Contrary, there are also competitive coins such as Ether (ETH) with more prominent communities. As mentioned above, the price of Bitcoin has inflated in the past ten years. So what does inflation mean? Contrary to the crypto-space definition, the fiat world defines inflation as a…