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Paper, PC, or Online? How you can choose a wallet

When people hear the word cryptocurrency, the thought “complicated and unexpected” comes into mind. Despite being such a good investment, cryptocurrency is not as famous as it should be. If you want to take its worth into perspective, Bitcoin used to be around $12,000 in mid-2019 when the coronavirus pandemic started, and it climbed to […]

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When people hear the word cryptocurrency, the thought “complicated and unexpected” comes into mind. Despite being such a good investment, cryptocurrency is not as famous as it should be. If you want to take its worth into perspective, Bitcoin used to be around $12,000 in mid-2019 when the coronavirus pandemic started, and it climbed to a record high of around $40,000 at the start of 2021. 

Seeing its steep jump, when you explain these figures to a trader, he would claim that crypto is the best trading platform right now. However, many people claim that crypto is not such a good investment due to its volatility compared to fiat currencies. In this article, I am going to highlight some important tips and tricks that are going to help you stay on top of such volatility and make sure that any investment you make in crypto earns you the best profits. So, without further ado, let’s take a deep look into what crypto is and how to make a calculated investment. 

Source: Jamshed

Understand Everything About Cryptocurrency

The very first thing that you must do when entering cryptocurrency is to make sure that you know and understand everything about cryptocurrency. Cryptocurrency is a very large domain with a lot of little things that make a huge difference. If you want to make huge profits out of crypto trading, you need to familiarize yourself with the details so that you don’t make obvious mistakes. Notice little things like how the currency flows and what the safe time to make an investment is so that you get on a path to success.  

Ignore the Noise

If you have been trading for a long time, you will be pretty familiar with this phenomenon. It doesn’t matter if you are trading crypto or shares; there will be a lot of people telling you what’s wrong and what’s right. The best amongst us are the ones who research the market and then trust their instincts so that they don’t have anyone but themselves to rely on. Moreover, you will also see a lot of media outlets and people term crypto as an over-hyped pyramid scheme. If you want to make the most profits, you have to ignore such things and keep doing what you do best. 

Expect the Unexpected 

When it comes to trading crypto, if there is one thing that you should expect, it is to expect nothing. You have to keep in mind that when you trade in crypto, you must keep the volatility of the market in mind. A major difference between beginner crypto traders and experienced ones is that those who have just begun trading in crypto don’t know how to keep up with the market. Over time you will understand how the market works and make rational trades instead of acting on your emotions. 

Perform Due Diligence before Making a Trade 

As crypto trading is not for the weak-hearted, you must perform your due diligence before finalizing anything. Cryptocurrency is a high-risk, high-reward kind of trading, which is why you have to make sure that you will not back down in the middle. In this modern age of technology, performing due diligence has become fairly easy as you can easily invest in software programs and tools through which you can find out market trends. Just like having a map in your hand, you will be able to guide yourself through thick and thin and be prepared for the journey. 

Don’t Place All Your Eggs in One Basket 

A huge mistake that even the most experienced traders make is placing too much faith in their abilities and then lose a lot of money. When it comes to cryptocurrency investment, diversification is the key. If you go to any financial advisor, he will recommend you to diversify your investment profile as much as you can. So, an essential part of any cryptocurrency portfolio is that you are ready to seize the opportunity and invest in multiple channels so that you can get the best of both worlds

Find a Reputable News Source

Last but not least, if you want to be successful in trading cryptocurrency, you have to make use of all the help you can get. On top of making sure that you know every in and out about cryptocurrency, you have to get opinions from different people. A good way to do that is to find a reputable news source that publishes authentic and consistent information about cryptocurrency. Where there will always be opposing opinions for cryptocurrency, there are also a lot of crypto enthusiasts who make it their life’s work to study crypto and find the patterns that motivate its volatility. If you want to be successful, you should stick to such news sources and gain insight through them.

Disclaimer: This article is a paid post and must not be considered as news/advice. 

Source: https://ambcrypto.com/paper-pc-or-online-how-you-can-choose-a-wallet/

Blockchain

Price of XRP Increases By 17% Bringing Stellar To A New Peak

XRP Stellar

Rate this post On a typically lazy Sunday, XRP and Stellar are performing impressively. The price of Stellar and XRP are continuously increasing. In the last 24 hours, XRP has increased by 17% to $1.6, its highest price since Monday, and Stellar has risen 18% to $0.7, its highest price ever. The XRP and Stellar Connection Considerably, these two coins are related as Jed McCaleb worked on these two coins. McCaleb was one of the creators of the Ripple protocol, which runs on the XRP cryptocurrency. To focus more on Stellar (XLM), he left Ripple in 2013. Stellar’s payments network is quick, inexpensive, and easy to use, similar to Ripple.  XRP is a cryptocurrency based on Ripple’s market capitalization is $57 billion, while the market capitalization of Stellar is $18 billion. Comparatively, Stellar has performed much better than Ripple in the past few weeks. It has increased by 31.9% in the last seven days, while XRP has only increased by 4%. Elon Musk’s economic tweets, in which he slammed Bitcoin as unfriendly to the world, contributed to both companies’ growth. Musk depressed the price of Bitcoin from the mid-$50,000s to $49,000 in a single tweet this week. Why Does Bitcoin Consume Too Much Energy? Both Stellar and XRP use less energy as compared to Bitcoin; to authenticate users, they depend on a small number of blockchains, whereas Bitcoin relies on a large network of power-hungry computers. Other, less environmentally harmful coins have risen in popularity as a result of Musk’s withdrawal of Bitcoin. Hedera Hashgraph has increased by 16.37% to $0.36, Solana has increased by 15% to $47, Cardano has increased by 10% to $2.39, and Algorand has increased by 8% to $1.53. The majority of the above are based on proof-of-stake, a consensus algorithm that allows those who own the most coins to validate transactions.

The post Price of XRP Increases By 17% Bringing Stellar To A New Peak appeared first on Cryptoknowmics-Crypto News and Media Platform.

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On a typically lazy Sunday, XRP and Stellar are performing impressively. The price of Stellar and XRP are continuously increasing. In the last 24 hours, XRP has increased by 17% to $1.6, its highest price since Monday, and Stellar has risen 18% to $0.7, its highest price ever.

The XRP and Stellar Connection

Considerably, these two coins are related as Jed McCaleb worked on these two coins. McCaleb was one of the creators of the Ripple protocol, which runs on the XRP cryptocurrency. To focus more on Stellar (XLM), he left Ripple in 2013. Stellar’s payments network is quick, inexpensive, and easy to use, similar to Ripple. 

XRP is a cryptocurrency based on Ripple’s market capitalization is $57 billion, while the market capitalization of Stellar is $18 billion.

Comparatively, Stellar has performed much better than Ripple in the past few weeks. It has increased by 31.9% in the last seven days, while XRP has only increased by 4%.

Elon Musk’s economic tweets, in which he slammed Bitcoin as unfriendly to the world, contributed to both companies’ growth. Musk depressed the price of Bitcoin from the mid-$50,000s to $49,000 in a single tweet this week.

Why Does Bitcoin Consume Too Much Energy?

Both Stellar and XRP use less energy as compared to Bitcoin; to authenticate users, they depend on a small number of blockchains, whereas Bitcoin relies on a large network of power-hungry computers.

Other, less environmentally harmful coins have risen in popularity as a result of Musk’s withdrawal of Bitcoin. Hedera Hashgraph has increased by 16.37% to $0.36, Solana has increased by 15% to $47, Cardano has increased by 10% to $2.39, and Algorand has increased by 8% to $1.53.

The majority of the above are based on proof-of-stake, a consensus algorithm that allows those who own the most coins to validate transactions.

READ  YFI Technical Analysis: Price Fell Below Support Levels of $74,238 and $72,420.73

#Altcoins #Bitcoin #Elon Musk #Ripple (XRP) #Stellar (XLM)

Source: https://www.cryptoknowmics.com/news/the-price-of-xrp-has-increased-by-17-bringing-stellar-to-a-new-peak/

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Binance Coin, XRP, Dogecoin Price Analysis: 16 May

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Binance Coin headed south towards $500-$510 support – a region bolstered by the 50-SMA (yellow). XRP jumped by 16% on strong volumes but its technicals were yet to reflect a strengthening bullish trend. Finally, Dogecoin could see further dips before a rise above $0.569-resistance.

Binance Coin [BNB]

Source: BNB/USD, TradingView

On the 1-day chart, Binance Coin slipped below $600 and its 20-SMA (blue) and headed towards $500-$510 support – an area that clashed with the 50-SMA (yellow). With large-cap alts trading largely in the red after bearish cues from the market leaders, BNB was no exception. Warning signals came in the form of a bearish twin peak setup on Awesome Oscillator.

Furthermore, bearish divergence on RSI indicated weakening prior to BNB’s dip. At the time of writing, RSI traded in neutral 50-territory. On the 4-hour chart, BNB moved below its 200-SMA and although traders could go long at the current price level, a further pullback towards $500 could be on the cards depending on broader market cues.

XRP

Source: XRP/USD, TradingView

XRP bashed away multiple bearish signs and jumped by 16% in the last 24 hours. Bullish sentiment may have stemmed from Ripple’s response to the SEC’s request of an informal conference to discuss all legal advice that Ripple has solicited during the past.

A series of successive green candlesticks were spotted on XRP’s daily chart and underscored buying resurgence. According to XRP’s technicals, bulls were yet to fully assert control. MACD was close to a bullish crossover, while RSI headed towards the 60-mark. A break above $1.75-resistance could spur some additional buying, while $1.31-$1.22 would provide support in case of further pullbacks.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

Even though Dogecoin was slightly bullish, the price remained below a key resistance level at $0.569. In fact, Squeeze Momentun Indicator noted weakening buying pressure and it seemed unlikely that $0.569 would be toppled over the coming days – barring any social media anomalies. Support marks stood at $0.37 and $0.44.

MACD line remained below the Signal line- underlining recent woes for DOGE. On the lower timeframe, a degree of equilibrium was noted between the buyers and sellers. If this continued over the coming hours, some consolidation can be expected before the next upswing.


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Source: https://ambcrypto.com/binance-coin-xrp-dogecoin-price-analysis-16-may

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Facebook’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

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Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States. 

The company stated earlier this year that it would be relocating its primary operations from Switzerland back to the United States, and would withdraw its payment system license application from Switzerland’s financial regulators. “Diem is simplifying its plans for [its] USD stablecoin issuance by shifting its main operations from Switzerland to the United States,” they said.

This decision was later confirmed by the Swiss Financial Market Supervisory Authority. 

Stablecoins are digital currencies pegged to a fiat currency, with Tether (USDT) and USD Coin (USDC) being two prominent examples. California-based Silvergate Bank will become the sole issuer of the Diem USD, while also managing its dollar reserves. 

Diem to Launch Wholly New Subsidiary Diem Networks US Alongside Crypto Bank Silvergate

In a strategic partnership, the two firms have created a new subsidiary called Diem Networks US — which will run the Diem Payment Network (DPN) to facilitate transactions of Diem stablecoins within its network. 

“Silvergate is a leader in financial innovation and an ideal partner for Diem as we move forward with a blockchain-based payment system that protects consumers and enhances the integrity of the financial system,” said Stuart Levey, chief executive officer of Diem.

“We are committed to a payment system that is safe for consumers and businesses, makes payments faster and cheaper, and takes advantage of blockchain technology to bring the benefits of the financial system to more people around the world. We look forward to working with Silvergate to realize this shared vision.” 

Diem’s strategic shift to the United States comes at a time of a rapidly evolving regulatory environment for cryptocurrencies and blockchain technology. 

Some municipalities and states such as Miami and Wisconsin have embraced the recent innovation, whereas regulators such as the newly-appointed SEC Chair Gary Gensler have critiqued the autonomy of the crypto industry. 

With crypto ETFs and related financial products under intense scrutiny by the SEC, it remains to be seen whether Diem’s decision to relocate back to the United States will bear any fruit.

Featured image from ShutterStock

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states/?utm_source=rss&utm_medium=rss&utm_campaign=facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states

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