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…
Guides
A Beginner’s Guide to Moving Average Convergence Divergence (MACD)
Several specialized indicators can perform crypto trading trend analysis, but none is as prominent and straightforward as the Moving Average Convergence Divergence (MACD). The MACD helps deduce whether a current short-term price movement follows the same trajectory as the overall longer-term price movement. As its name suggests, you can convert averages into momentum swings by subtracting the longer-term average from the short-term one. Understanding how the MACD works could greatly appreciate its high consideration rate by many traders as the…
5 years ago
How to Margin Trade Cryptocurrency on BitGlobal
Margin trading is one of the best features BitGlobal offers. Impressively, users can get 10X leverage on their trading positions. Professional traders utilize leverage trades daily to increase ROIs and take advantage of market volatility. As a savvy investor, you should understand the concept and when it's best to employ it. What is Margin Trading? Margin trading refers to an investment strategy in which an investor utilizes borrowed funds from a broker to trade a financial asset. Margin trading brings with…
5 years ago
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Crypto EconomyCrypto-economics For Beginners – What You Need To Know
Cryptoeconomics is what makes blockchains exciting and different from other technologies. This element is notable through the creative combination of cryptography, computer science, networking theory, and economic incentives. Now, we can build new kinds of technologies due to Satoshi's white paper. Blockchain is a singular product of these crypto-economic systems that can accomplish milestones that these disciplines could not achieve independently. Bitcoin, Ethereum, Zcash, Binance coin, etc., are all crypto-economics inventions explicitly focused on building different solutions. This article aims…
5 years ago
Best Bitcoin Lightning Network Wallet Options for New Users
The Lightning Network is a second-layer protocol that enables new functionality and efficiency within the Bitcoin ecosystem. This off-chain solution introduces private payment channels that enable users to send and receive payments without adding congestion to Bitcoin's blockchain. Only once the channel closes are the transactions sent to the blockchain. In this way, the Lightning Network plays a vital role in large-scale adoption. Lightning Network transactions are both faster and cheaper to send. Additionally, the Lightning Network now has over…
5 years ago
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Scam CoinsScam Coins: Everything You Need to Know to Identify Them
Since the inception of bitcoin in 2009, there has been a surge in cryptocurrencies, driving a lucrative crypto market. Although the market has excellent returns, escalating insecurity, privacy infraction, and scams drive investors away from investing in the crypto world. There are many insecurity risks like phishing, hacking, impersonation, and malware attacks intending to take advantage of unsuspecting persons. However, the most common crypto risk is scam coins, which lead to the loss of billions of dollars annually, thus driving…
5 years ago
Top Blockchain Protocols Everyone Should Know
It has become challenging for us to tell whether things are real or not in today's world. It can be a primary bank transaction or a vote in an election; the only way to validate these actions is by keeping a record. Society today validates these records through centralized authorities; this can be either a bank, government authority, or an individual with the power to confirm the information. This puts a lot of power in these centralized authorities' hands and…
5 years ago
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CryptocurrencyTags
CryptocurrencyA Beginner’s Guide on How to Value Crypto Assets
Finding the value of cryptocurrencies can be quite daunting, especially for beginners. Nonetheless, it's crucial to value crypto assets to calculate their fair market value and predict future or possible market prices. Unlike bonds, stocks, and real estate, where the value of investments is evaluated based on the company's financial statements, historical price charts, etc. Crypto assets are evaluated using varied methods. Common ways of valuing financial assets in traditional markets include the P/E method or Price/Earnings ratio, discounted cash…
5 years ago
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Crypto Pair TradingA Comprehensive Guide on Cryptocurrency Pair Trading
The crypto market is one of the most traded financial markets with over 20000 assets with different prices, capitalization, trading volumes, and popularity. The enormous growth in the cryptocurrency sector has been attributed to investors' increase in the crypto space, pushing up digital assets' value. In financial markets, pair trading is a trading strategy that involves analyzing market trends and performing statistical calculations to enable traders to make profitable decisions based on market conditions, i.e., downtrend, uptrend, or sideways movement.…
5 years ago
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Blockchain ProtocolBlockchain Protocol: Everything You Need to Know
The world is increasingly switching to cryptocurrencies as a means of trade. For those familiar with cryptocurrencies, terms like decentralized currency or blockchain protocols are more common. Protocols, as used in computers, are the rules governing data exchange between devices. This article shall expound more on the protocol terminology used in blockchain and, thus, cryptocurrencies. Definition of Blockchain Protocols First, a Blockchain is a decentralized public ledger system that stores information about a transaction, its participants, and the specific data…
5 years ago