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Showing posts from September, 2021

The 5 benefits of trading Cryptocurrencies

 When it comes to trading cryptocurrencies, you are speculating on whether your chosen market will rise or fall in value, and you don't even own the digital asset. This is done by using derivative products such as CFDs. Let's take a look at the benefits of trading cryptocurrencies. 1. Volatility - While cryptocurrency is a new market, it experiences significant volatility due to huge amounts of short-term speculative interest. This volatility of cryptocurrencies is part of what makes this market so interesting. The high price movements provide quite a lot of opportunities for traders but also come with increased risk.  2. Market Hours - Typically, this market is available to trade 24 hours a day , seven days a week because there it does not have any centralized governance. Cryptocurrency transactions take place directly between individuals, all over the world in various cryptocurrency exchanges. There are buried downtimes to adjust infrastructural updates. 3. Improved Liquidity

The top 10 Cryptocurrencies in 2021

  Read Time: 5min There are thousands of different cryptocurrencies, which can make it difficult to choose between them when you are getting started in the world of crypto. To help you, these are the top 1 cryptocurrencies based on the total value of the coins currently in distribution.          1. Bitcoin (BTC)   It was created in 2009 under the pseudonym Satoshi Nakamoto . Bitcoin is a decentralized digital currency which like most cryptocurrencies runs on a blockchain. It can be sent from user to user in the peer-to-peer network which has no intermediaries. Bitcoin's price has skyrocketed as it's become a household name. In Five years, Bitcoin has given a return of 9,000%. 2. Ethereum (ETH) Both a cryptocurrency and a blockchain platform, ETH is the favourite of program developers because of its potential applications, as it allows Smart Contracts and Decentralized Applications (DApps) to be designed and run without the need for third-time downtime, or intervention. Ether