Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,48 trillion. Bitcoin increased by nearly 5% to reach around $40,000. Ethereum is up by almost 4% to cement its price above $2,100. XRP lost almost 1% in value this week. Almost all altcoins are trading in the green, with some exceptions. The DeFi sector increased the total value of protocols (TVL) to around…
HODL
The Rise and Fall of Bitcoin: A Synopsis
Bitcoin, a decentralized digital currency, emerged in 2009. Its value has experienced significant fluctuation over the years. Since its inception, Bitcoin's journey has been tumultuous, marked by periods of significant value appreciation followed by bouts of correction. Regulatory scrutiny, environmental concerns over mining practices, and market saturation with alternative cryptocurrencies have challenged its dominance. Yet, its pioneer status and resilient adoption signify potential stability ahead, contingent on regulatory adaptation and continued innovation in blockchain technology. The Rise of Bitcoin: Early…
1 month ago 289 views
Dollar Cost Averaging (DCA) vs. Hodling in Cryptocurrency
Investing in cryptocurrency can be an exciting yet confusing venture, especially for beginners. Two popular strategies to navigate the volatility of the crypto markets are Dollar Cost Averaging (DCA) and Hodling. What is Dollar Cost Averaging (DCA)? Dollar Cost Averaging (DCA) is an investment strategy that involves purchasing a fixed dollar amount of a specific asset at regular intervals, regardless of its price. The principle behind DCA is to reduce the impact of volatility on the overall investment by spreading…
6 months ago 492 views