What Drives Cryptocurrency Prices Up and Down?
The crypto market is volatile. There is no argument about that. Prices go up and down all the time, and sometimes with big swings! But why? What drives the prices of cryptocurrencies up or down? It’s a complicated question, and we’ll try to give you a satisfactory answer right now, in this article. There’s always something going on in the world of cryptocurrencies. As news reaches the public, crypto investors react and trade accordingly.
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Top 10 Ethereum Use Cases – Public and Private
What is a cryptocurrency use case? A use case is a justification for the existence of a cryptocurrency. Here, we are interested in what is being done with Ethereum? Ethereum is the second generation of the blockchain, and it has advanced scripting abilities, called smart contracts. And this is why many use cases are possible in today’s world. Here we give you our top 10 Ethereum use cases.
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Why is Market Cap So Important in Cryptocurrency?
Market Capitalization, or Market Cap, is one of the best measures to indicate the size of a company. It is calculated by taking the price per share (of stock) and multiplying it by the total outstanding shares. It is a well-known metric for traditional securities, but it also has unique implications for cryptos as well.
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How to Mine Cryptocurrency – A Beginner’s Guide
OK, so you’ve learned about digital currency. You might be thinking about becoming a crypto miner, and joining a mining pool. It might even seem like it’s California in 1849 again (you remember the California Gold Rush, don’t you?), when everyone wanted to become rich. Only now, instead of wagon trains, we have the internet. Instead of tin pans, we have computers. And, instead of gold, we have digital gold – Bitcoin, and other altcoins.
All you need to mine cryptocurrency is a computer, the internet, and a special piece of software. You’ll find this software at the GitHub repository of the cryptocurrency you have chosen to mine. Alternatively, it might be built in to a cryptocurrency’s wallet software. This is the case with coins such as Monero and Electroneum.
But first, you need to decide on your goal for mining:
- Business with immediate profit
- A hobby that just might make you rich some day
- Help to secure a network (e.g. some people, called Bitcoin hobbyists, aren’t really making a direct profit. However, their presence helps to keep the network decentralized.)
Ether vs. Ethereum: There Is a Difference!
Ether vs. Ethereum? Do you get confused when you see both of these terms being used? Do you think they are synonymous? Well, we’re here to tell you that they are definitely NOT interchangeable! People often do make the mistake, however.
And so, the short answer is: Ethereum is a decentralized blockchain platform, while Ether is a token built on this platform. For the long answer, keep reading!
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5 Best Crypto Market Scanners 2021 – Get Alerts
If you are a beginner in crypto world, you are probably looking for related forums, blogs, documentaries, books, podcasts and YouTube channels.
One good thing is that you can use specialized software to make trading easier and even more secure. A crypto market scanner can come in handy if, for example, you want to be the first to find out if the price of a particular coin drops, so you can buy it at a lower price. Here, we give you our list of the 5 best crypto market scanners. Keep reading!
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How to Convert Bitcoin to Ethereum – 5 Methods
So, you want to convert your Bitcoin to Ethereum, right? If you are relatively, or absolutely, new to the crypto world, you might have be some difficulties. Did you even know that there are quite a few options available? Here, we highlight our top 5 methods, and then you can decide which of them is best for you!
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How to Store Ethereum Safely
Do you own any Ethereum? If not, then it might be a bit confusing at first to figure out where to buy cryptocurrency. If you DO, then the question becomes where to store Ethereum. Ethereum is a blockchain platform with smart contract functionality. It’s basically a platform for developers that was invented by Vitalik Buterin in 2013 to build decentralized apps. The platform has gained immense popularity and so did its currency, Ether (ETH). Here, we will fill you in on how to store your Ethereum safely!
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8 Best and Most Stable Ethereum Tokens – ERC20 and Other
If you are interested in cryptocurrencies, then you have probably heard not only of Bitcoin but also about other coins and technologies as well, like Ethereum tokens. In this article, we will try to give you a better understanding of Ethereum based tokens, including ERC20 tokens, and others.
Even if you have a solid technical background, this is not the time to get cocky!
It’s going to take some time and additional research before any of this really makes sense to you. Here, we will give you our opinion of the 8 best, most stable Ethereum tokens.
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Why is Bitcoin Capped at 21 Million? Why Can’t It Be Changed?
There will only be 21 million Bitcoins in existence, forever! It is a “hard cap” or maximum supply and it plays a pretty large part in the valuation of any cryptocurrency.
In a centralized economy, the currency is issued by a central bank at a rate that is supposed to match the growth of the number of goods. The monetary base is controlled by a central bank, that can increase the supply by issuing more currency.
In a fully decentralized monetary system, there is no central authority that regulates the monetary base. Instead, the currency is created by the nodes of a peer-to-peer network. The Bitcoin generation algorithm defines, in advance, how the currency will be created and at what rate. Any currency that is generated by a malicious user that does not follow the rules will be rejected by the network and thus is worthless.
So, how can we be certain that there can be no more than 20 million Bitcoins? And, why can’t it be changed? Read on…..
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