Such volatility in crypto markets is nothing new. With no formal structure and countless competing exchanges, trading in the digital currency is still akin to settling out in the old American West. Earlier this month, decentralized finance platform Synthetify was forced to halt all trading due to a bug in the platform that provides pricing data. The same software responsible for Synthetify’s troubles was also blamed for a September Bitcoin crash.
Liquidity measures how easy (or difficult) it is to swap one asset for another. Traders want to be able to convert one asset for another asset while having a minimal impact on the price. The more illiquid an asset is, the harder it will be to trade it without causing a major price change. Therefore, liquidity is an extremely important factor to consider before deciding where to trade.
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Every trade contributes towards auto-generating liquidity that goes into multiple pools used by exchanges
Ethereum Classic is a blockchain-based distributed computing platform with smart contract features that is open source. 1s It uses transaction-based state transitions on a public Ethereum Virtual Machine to support a modified form of Nakamoto consensus (EVM). In 2016, Ethereum Classic was created as a result of a network hack. The original Ethereum blockchain was split into two parts, with Ethereum Classic is the older of the two, and Ethereum being the newest.
"[I] don‘t expect a majority of these coins to be sold, as many of the beneficiaries were into bitcoin very early on already." Testing Highs, Extending Rallies, Continuing Scams, Forking Out and 20 Crypto Jokes Some Chinese Crypto Websites ‘Still Operational,’ Says State Media
• Bitcoin (BTC, Tech/Adoption Grade “A-”) is flat so far today, hovering around $61,500. • Ethereum (ETH, Tech/Adoption Grade “A”) is down about a percentage point, sitting recently near...
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For instance, signs of further clampdown on Chinese cryptocurrency operations have often seen major price drops for Bitcoin – with the Chinese central bank, the People’s Bank of China (PBOC), most recently reaffirming its commitment to crack down on crypto mining and trading.
The Hmac class is a utility for creating cryptographic HMAC digests. It can be used in one of two ways: As a stream that is both readable and writable, where data is written to produce a computed HMAC digest on the readable side, or Using the hmac.update() and hmac.digest() methods to produce the computed HMAC digest.
Upon logging in to their user accounts, the customers will find unique invite links, with their friends being required to sign up using the referral link to become eligible for rewards.
Through crypto ETFs, investors can speculate on the future cost of cryptocurrencies without having to actually hold it themselves.
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Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. BTC $60,655 ETH $4,397 XRP $1.14 BCH $584 XMR $255.5 DASH $189 EOS $4.40 ZEC $160 ADA $1.969 NEO $43.95 BNB $608 XLM $0.352 USDT $1.0010 MIOTA $1.32 DOGE $0.26 BTC $60,655 -1.41% ETH $4,397 -2.42% XRP $1.14 -1.64% BCH $584 -2.80% EOS $4.40 -3.28% DOGE $0.26 -1.63% Traders say the SafeMoon rally is not sustainable as the token sees massive volatility.
The first thing to note is that Safemoon is not currently listed on any major cryptocurrency exchanges such as Binance or Coinbase. Due to this, the amount of liquidity is relatively low, meaning that technical analysis isn’t as accurate as digital coins with high liquidity. The low liquidity of Safemoon means that large buy orders tend to boost price significantly – which, in turn, leads more people to buy into the ‘hype’.
One key thing to look out for is Safemoon to be added as a tradeable asset by a major broker or crypto exchange. Many of the best trading platforms will allow users to request assets to be added to the platform. If a request gets enough traction, the platform may look into its viability and then decide whether or not to add it.
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