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Major Corrections Awaited for Ethereum, Cardano, and Polkadot! Here’s Are the Next Target Levels

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The post Major Corrections Awaited for Ethereum, Cardano, and Polkadot! Here’s Are the Next Target Levels appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin price started the day in the green, rising 2.87 percent to $48,355 at the time of writing. BTC is likely to consolidate, providing Altcoins with the ideal opportunity to rise. The worldwide crypto market capitalization is now $2.18 trillion, up to three percent from the previous day. Analyst Justin Bennett Hints Altcoin Corrections ! …

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Bitcoin price started the day in the green, rising 2.87 percent to $48,355 at the time of writing. BTC is likely to consolidate, providing Altcoins with the ideal opportunity to rise. The worldwide crypto market capitalization is now $2.18 trillion, up to three percent from the previous day.

Analyst Justin Bennett Hints Altcoin Corrections !

According to crypto analyst Justin Bennett, Further market corrections for altcoins are expected.

Cardano’s native asset, ADA price is trading at $2.48 at the time of writing, up 4.4% in the last 24 hours. According to Bennett, a closer look at ADA reveals a rounded top and a recent $2.44 channel break. To get out of this predicament, it needs to close over $2.55. Otherwise, it’s headed for $2.

Despite the project’s excellent week, the analyst believes Polkadot, an interoperable blockchain technology, may encounter similar challenges. Polkadot’s native asset, DOT, is currently trading at $37.63, up over 35% for the week. 

Also Read : Top Altcoins That Can Make You Rich This Bull Season!

The analyst says that he knows a lot of people are expecting DOT to keep rising, and perhaps it will. However, we’ve seen this before, and it didn’t work out. I don’t think it’ll happen again. Nobody knows what will happen in the future. He also warns by saying “Just be careful out there”.

However, Bennett is unsure about the native asset of Ethereum (ETH), the most popular smart contract platform at the time of writing, ETH is trading at $3,428.89, almost exactly the same as it was a week ago. 

Trying to figure out what ETH is all about. This is most likely THE support level to keep an eye on right now. If we break that, we’ll almost certainly see $3,000 again. Breaking higher out of current consolidation suggests a new run to $3,550–$3,700.

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Source: https://coinpedia.org/price-analysis/major-corrections-awaited-for-ethereum-cardano-and-polkadot/

Blockchain

The Most Profitable Cryptocurrencies on the Market

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Cryptocurrencies have recorded massive expansion in 2021. There’s no denying the fact that his year will definitely go into history books as one of the most ‘fruitful’ for these digital assets. The number of crypto traders has increased massively and currently, there are millions of people who are trading or are in possession of cryptocurrencies.

If you are thinking of joining the trading movement, you need to understand the fact that the crypto market is extremely volatile and everyday events can have massive impacts on their price. With that being said, we wanted to devote a bit of time to new traders who are looking to invest and make money off cryptocurrencies by naming the most profitable cryptocurrencies on the market today.

Binance Coin

Binance Coin is a digital asset that is often overlooked; however, it has massive value. Its current value is around $500, which is a solid price, but here’s where it gets better. As you may have concluded by now, this cryptocurrency is native to one of the world’s most reputable exchange platforms – Binance.

Now, you may think, there are a handful of other cryptocurrencies that have a higher value than Binance Coin, but here’s why you should consider trading with Binance Coin, especially if you have registered an account at Binance. The transactions with this cryptocurrency are far safer and faster on the platform, but what’s most important – the fees are much lower.

Ethereum

Next up, we have a cryptocurrency that many refer to as Ethereum. Before we unveil its price, let us give you a quick lesson. Ethereum is the name of the decentralized network in which the cryptocurrency named Ether can be traded. So, what you are looking for is Ether.

By market capitalization, Ethereum is the second-largest cryptocurrency in the world, falling behind Bitcoin. The reason why you should consider trading with Ether is that the open-source blockchain (Ethereum) focuses on this cryptocurrency and it can provide you with access to many other cryptocurrencies and NFTs, which proved to be a massive success in 2021.

Currently, Ether is at its highest value in history as it has a price of around $3,800.

Bitcoin

Finally, we have the cryptocurrency that started the whole movement – Bitcoin. Bitcoin was established in late 2008 and gained massive recognition in 2014. After reaching an all-time high at the time in 2017, it dropped in a matter of few months and no one believed that it can reach a second peak.

Not only did it manage to do that, but 2021 resulted in 2 spikes of its value. In April, Bitcoin peaked at over $60,000 and then, it dipped. However, after numerous experts indicated that Bitcoin will catch a second wind in 2021, many investors decided to put their money on the line and they didn’t do wrong.

Currently, Bitcoin’s value is over $62,000 and what’s better, is the fact that experts are convinced that it has the potential to rise to $100,000 by the end of the year. At the moment it’s one of the most wide spread cryptocurrencies in the world. Many industries have to deal with Bitcoin. Banking, retail, gambling. Online casinos receive bets made with cryptocurrency and allow withdraw winnings to Bitcoin wallet. You would be surprised how many gambling platforms accept crypto. To learn more about it visit our partners site Exycasinos.

Source: Plato Data Intelligence

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Blockchain

What Is the Best Crypto IRA for Me? Use These 6 Pieces of Criteria to Find Out More

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Are you considering investing in cryptocurrency? The cryptocurrency industry holds massive future potential, which is why it has attracted millions of investors in recent years. In fact, most cryptocurrencies in the top 10 have gained investors 1000% or more returns in the last few years.

That said, investing in crypto can often be expensive and cumbersome, which is why you need a crypto IRA.

Basically, a crypto IRA is a special kind of individual retirement account that allows you to invest in cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Stellar Lumens. A crypto IRA saves you big time on taxes and diversifies your portfolio.

Now, there are different crypto IRAs in the market. So, choosing the best one can be confusing. If you want to find the best crypto IRA here are six factors to look for:

1. The Charges Involved

When comparing different crypto IRAs, you want to first look at the fees.

Fees are not quite standard, and different custodians charge varying prices. You want to be sure you understand the various costs you’ll pay for holding an account with a particular provider.

Most companies usually charge a fixed amount for account setup, an annual maintenance fee, and a small commission on any trades you make.

Remember, not all providers state their prices upfront, and you may need to contact them for fee disclosures.

2. How Accessible the Crypto IRA Is

You also want to go with a crypto IRA that’s available in your country or state. Some providers may not operate in some areas, and it’s good that you have this information up front to help you narrow down on who to go with.

While at it, you can also test out the customer service to make sure that it’s not only available but reliable too, in case you need help along the way.

3. Ease of Use

The crypto IRA platform should be at least easy to understand and navigate. Essential features such as account funding and buying or selling options should be easy to locate even for beginners. A complicated account can make investing a real headache.

4. Variety of Cryptocurrencies

The number of cryptos you can invest in will vary from one crypto IRA to another. So, depending on what you’re working with, go for an account that allows different cryptocurrencies. The idea is not to go for something that limits you so much as you may want to diversify your portfolio with various cryptos later.

5. Funding Options

You’ll, of course, need to load fiat money into your account to buy cryptocurrency. So, check that the account you’re considering offers favorable funding methods. The best crypto IRAs allow you to connect to your credit or debit card to transfer money directly.

6. How Security Is It

With cybercrime getting more advanced, you want to ensure your crypto investment is safe from online attacks. So, look into the security measures that a provider uses before making any commitments.

Notable security measures in crypto include data encryption and two-factor authentication.

Looking for the Best Crypto IRA? Make Sure It Meets All the Above Factors

Finding the best cryptocurrency IRA is very easy if you know what to look for. The best crypto IRA providers will definitely match all six criteria listed in this article so consider these pointers and remember to take your time selecting a crypto IRA you’re comfortable with.

Source: Plato Data Intelligence

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Blockchain

What does swapping crypto mean?

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Has the number of cryptocurrencies ever piqued your interest? Are we talking about a couple of hundred here? Maybe a zillion people? According to CoinMarketCap, that number is now well over 7,000. With so many options, you may want to test a new cryptocurrency at some time. However, how do you go about doing it?

Good news, then! Making a switch will allow you to test out a different cryptocurrency with ease. Swapping is the process of swapping one coin for another. In other words, how does it all work?

Let’s assume you have some

Ethereum, but you’d like to have Bitcoin. Certain services are available to assist you with this. Swap service providers allow you to trade your Ethereum for Bitcoin, with a value close to the actual exchange rate. To put it simply:

Why would I want to swap?

Now you know what it means to exchange cryptocurrency. On the other hand, why on earth would you want to? Anyone’s motives for wanting to swap their crypto assets for anything else are wide open. So, without further ado, here we go.

Profiting

Making money, that’s right. It’s a hit with everyone. Trading cryptocurrencies have the potential to bring you a sizable return because of how rapidly their prices can shift. You might make a lot of money by trading your crypto at the appropriate time if you are timing the market perfectly and are a little bit lucky.

Increasing your investment options by utilizing diversification

Those sudden price adjustments, on the other hand, are not to everyone’s taste. In general, diversification is seen as a valuable tool for reducing the impact of risk. Having a diverse portfolio of cryptocurrencies may help mitigate the effects of price fluctuations.

A source of ongoing revenue

Wouldn’t it be great if you could receive money for doing nothing? Staking is a method of earning additional crypto without having to do any work on your part. You might try this out by exchanging some of your bitcoin for fiat currency.

But be on the lookout!

Trading cryptocurrency is inherently hazardous, even if you don’t consider security issues. Remember how we said that by timing the market right, you might make a significant profit? If you’re not careful, you might suffer losses of all sizes. Don’t invest or trade money you can’t afford to lose, and do your homework before you get involved.

Additionally, there is generally a charge associated with trading bitcoins. You should expect a somewhat lesser return on your investment.

What is 123swap?

123swap offers an ecosystem of products and services that enables consumers to swap, keep, send, receive, earn, and invest tokens across various chains in a single place of business. To remove difficulties such as complex interface, hidden fees, and a time-consuming registration procedure, the platform has designed its conversion method to simplify the process for the end-user.

Why 123swap?

Users can pick from among more than 500 cross-chain liquidity pools (Ethereum, Binance, Polkadot, and many more). In addition to supporting the most popular protocols, the platform also offers the lowest costs and the highest annual percentage yield (APY) (Annual Percentage Yield).

123swap will differentiate apart from other DeFi platforms thanks to the following features:

In the Smart Economy, 123swap is a prominent crypto swap protocol that enables users to – Swap favoured assets in several chains; hold them; send them; receive them; earn from them; and invest in them. In this approach, crypto assets may be exchanged between peers without the need to put their faith in a third-party custodian or counterparty. The platform offers non-custodial services and aims to provide optimum safety, ease, and comfort for its users. Customers may browse all of the swaps offers gathered from the most important crypto exchanges in one location.

The platform’s goal is to develop a stronghold community. Members of the community will be able to make essential choices on things like team tokens vs. advisory tokens, lock length, and so on through a fair voting mechanism.

Problems solved by 123swap

Exchanges performed by hand are old-fashioned and time-consuming. By utilizing smart contracts, the platform will streamline and automate the swapping process. Smart and autonomous financial management will be available in one location thanks to the cross-chain smart contracts. The platform would promote decentralized financial management via smart contracts. As a result of its technological innovations, 123swap is poised to surpass the competition, improve speed, and establish itself as the world’s leading exchange.

Final Thoughts

Swapping is the process of swapping one coin for another. Certain services are available to assist you with this. You might make a lot of money by trading your crypto at the appropriate time. If you’re not careful, however, you might suffer losses of all sizes. 123swap is poised to surpass the competition, improve speed, and establish itself as the world’s leading exchange.

The platform would promote decentralized financial management via smart contracts. Users can choose from among more than 500 cross-chain liquidity pools (Ethereum, Binance, Polkadot, and many more).

Source: Plato Data Intelligence

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Blockchain

How to Find Crypto Exchanges for Safe Transactions

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As a result of the Covid-19 epidemic, global markets have begun to appreciate the potential of cryptocurrency. Yet, it was previously seen as too volatile and fringe to embrace any sizeable corporate body or company. 

You can buy, sell, and trade cryptocurrencies on top crypto exchanges. You can’t get or sell digital assets unless you have access to a cryptocurrency exchange online. 

Where to find the best crypto exchanges with a fair conversion rate? Look at the list of crypto exchanges at https://coincub.com/. You can see a calculator where you can find out which converter you need to choose depending on how much you need to swap for 1 coin and your location. This way, you can see a chart with many converters that may suit your needs for safe transferring.

Choosing the proper crypto exchange for both novice and experienced advanced crypto traders has been difficult. When you find that one, you can be sure you are safe! 

What to Look for to Find the Best Cryptocurrency Exchanges

Most exchanges primarily allow you to convert Bitcoin, into other digital currencies, such as Ethereum or Litecoin. Your scope may vary when selecting an exchange to convert money for crypto. You may prefer an exchange that supports particular cryptocurrencies, trading pairings, and extra features like margin trading or over-the-counter (OTC) transactions.

How to find an exchange that satisfies your fundamental needs? Consider the following aspects to take into account:

  • Security. By far, one of the essential elements of a transaction is safety. If an exchange is not secure, your cash might be stolen, rendering any other benefits it provides useless. No one likes to lose money; therefore, consider the following factors in this regard;
  • Technology. The web URL of the top crypto exchanges should begin with HTTPS. Two-factor authentication should be used for login security. Customer deposits should be kept offline in what is known as “cold storage.” Auditing tools that monitor exchange activities 24/7 and send SMS with email notifications provide exchange clients additional security guarantees. For optimum protection, allow your IP address or withdrawal wallet addresses;
  • Legal considerations. Choose an exchange from the same nation since this can help you comply with regulatory changes. It should be noted that certain exchanges only support a restricted number of countries;
  • Transparency. The most trusted crypto exchanges reveal addresses, teams, cold storage addresses or assist in the verification of their reserves in other ways, such as audit information;
  • Liquidity. The more liquid a specific exchange is, the larger the trade volume. Liquidity allows transactions to be completed more quickly, simply, and without coping with price fluctuation. Check to determine whether an exchange offers “locked-in” pricing, which assures you the price at the time of your transfer sessions even if it does not settle right away;
  • Costs. Examine all of the fees that an exchange charges. They’re typically less than 1% of each transaction and may drop as your trading volume grows. Examine the withdrawal costs. Some exchanges are known to charge exorbitant withdrawal fees for specific cryptocurrencies. Check the deposit fees as well.

Ultimately, keep in mind that crypto and its infrastructure are still in the early stages of development so that things might change fast. Numerous decentralized exchanges are already in the works, and many experts believe they’ll permanently alter existing exchanges.

Furthermore, laws may be imposed, and new technology or issues may emerge. So keep up with the news and stay informed. The best cryptocurrency exchange is unique to each individual, so conduct your research and be cautious while doing so.

Source: Plato Data Intelligence

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