Cryptocurrency news today
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This negative sentiment appears to have been broken, with a number of corporate behemoths buying up Bitcoin since 2020. In particular, business intelligence firm MicroStrategy set the pace after it bought $425 million worth of Bitcoin in August and September 2020. Since then, many others have followed suit, including EV manufacturer Tesla.
Cryptocurrency trading often aims to capitalize on price fluctuations. Traders aim to buy these cryptocurrencies when prices are low and sell when prices surge, effectively profiting from the market’s volatility. This fast-paced landscape presents both opportunities and challenges for beginners.
Newest cryptocurrency
The metaverse became the hottest segment of the cryptocurrency market, buoyed by Facebook’s rebranding as Meta. Although the segment has sold off since its all-time highs, metaverse- and gaming-related tokens took the top two slots in this year’s Top 10.
Axie Infinity, a Pokémon-inspired game, exploded in popularity, reaching over 2.7M active players. In the game, players collect Axies (NFTs of digital pets), breed and battle them against other players to earn Smooth Love Potion (SLP) — the in-game reward token. This was extremely popular in developing countries like the Philippines, where players can earn a decent income. Players in the Philippines can find out about SLP price to PHP here on CoinMarketCap.
It is another alternative that offers faster speed and lower fees than Ethereum. Again there are trade-offs, however, as Solana has been besieged with problems regarding its reliability, with several major outages occurring.
Bitcoin and ethereum, which entered the year’s bull run following big gains in 2020, both reached new all-time highs. The market capitalization of the sector swelled from under $800 billion in January to $2.2 trillion in December, according to data from CoinMarketCap.
CoinMarketCap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales. We are strictly a data company. Please remember that the prices, yields and values of financial assets change. This means that any capital you may invest is at risk. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances.
Of course, one of the biggest growth areas in the crypto market has been in decentralized finance. Known as DeFi for short, many of the tokens in this industry relate to governance and give owners the right to vote on proposed improvements to a network. Others are used to deliver staking rewards.
Bitcoin cryptocurrency
Bitcoin is een peer-to-peer online valuta, wat betekent dat alle transacties direct plaatsvinden tussen gelijke, onafhankelijke netwerkdeelnemers, zonder het gebruik van een tussenpersoon die dit toestaat of faciliteert. Bitcoin is gecreëerd, in Nakamoto’s eigen woorden, om “online betalingen direct te versturen van de ene partij naar de andere zonder tussenkomst van een financiële instelling.”
On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.”
On the flip side, countries like China have moved to heavily clamp down on Bitcoin mining and trading activities. In May 2021, the Chinese government declared that all crypto-related transactions are illegal. This was followed by a heavy crackdown on Bitcoin mining operations, forcing many crypto-related businesses to flee to friendlier regions.
Almost. We have a process that we use to verify assets. Once verified, we create a coin description page like this. The world of crypto now contains many coins and tokens that we feel unable to verify. In those situations, our Dexscan product lists them automatically by taking on-chain data for newly created smart contracts. We do not cover every chain, but at the time of writing we track the top 70 crypto chains, which means that we list more than 97% of all tokens.
Play-to-earn (P2E) games, also known as GameFi, has emerged as an extremely popular category in the crypto space. It combines non-fungible tokens (NFT), in-game crypto tokens, decentralized finance (DeFi) elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time (and sometimes capital) and playing these games.