![]() ![]() “It was just a showcase for decentralization.”īased on those principles, the cryptocurrency market - which now consists of thousands of cryptocurrencies - has grown to a valuation of more than $2 trillion. “Bitcoin by nature doesn’t really solve a problem,” says Danial. Bitcoin set the stage for blockchain technology and decentralized finance. “Everybody knows about bitcoin and immediately gives it this value.”īitcoin was created in 2009 by an anonymous figure under the pseudonym Satoshi Nakamoto to function as an electronic peer-to-peer cash system, but has since attracted investors who view it as a store-of-value currency, sometimes described as digital gold. “I invest in bitcoin for three reasons: One of them is that the supply is limited, the second is decentralization, and third, it is a category king,” says Kiana Danial, author of “Cryptocurrency Investing For Dummies” and an investing expert. Bitcoin has also seen a surge of new investors, with more than half of all current bitcoin holders having bought in the past year. It’s the original and most valuable cryptocurrency by far, despite its huge - and normal - swings in recent months, ranging in value from less than $30,000 to more than $60,000. If there’s one cryptocurrency you should know about, it’s bitcoin. It represents how much crypto is bought and sold over a period of time, typically 24 hours. Volume: Higher volume typically means a given cryptocurrency has more market liquidity, meaning more ability for investors to sell an investment when they want to realize a profit. The amount of tokens or coins circulating can be viewed as an indicator of a coin’s demand. Market cap is the total value of a cryptocurrency, and is calculated by multiplying the price of the cryptocurrency with the number of coins in circulation. ![]() Market Capitalization: In general, the higher the value of the market cap the safer the investment. Pricing is highly volatile in cryptocurrency, but viewed over time can give investors an idea of how a given coin’s value has gone up (or down) over time. Price: As with any investment, price is where it starts and ends for investors. While everyday investors probably don’t need every last bell and whistle to make informed investment decisions, there are some generally applicable key crypto metrics and indicators worth considering: Crypto Indicators and Metrics for Beginner Investors NextAdvisor’s price tracker shows historical price, trading volume, market capitalization, and other important metrics for investors, especially those who are just starting to dip their toes into crypto investing. It negatively impacted the price of XRP, as after the lawsuit was announced most cryptocurrency exchanges started delisting the token to avoid any repercussions, affecting its liquidity.Cryptocurrency pricing data can help investors find opportunities in the market and make more informed investment decisions. Securities and Exchange Commission (SEC) filed against Ripple and two of its executives alleging they “raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.” The XRP token’s price has been somewhat muted over a lawsuit the U.S. In a newly released video, Binance Academy noted that the main application of the ledger is payments, as the XRP Ledger allows assets to be “moved across the world, enabling near instant money transfers for remittances, treasury payments, payrolls, and other cross-border payments.“ Notably, the education arm of the world’s largest crypto exchange (by trading volume), Binance Academy, has said the XRP Ledger is the “first major blockchain to be certifiably carbon-neutral.” Looking at October, the cryptocurrency community expects XRP to trade at $0.412, up around 26.7% from current levels. ![]()
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