Recently, cryptocurrencies with unfamiliar names like “Hamster Coin” have seen increased interest from investors and users alike. Hamster Coin is one of the currencies that have emerged on the digital scene, but the question arises: Why has this currency seen an increase in popularity in the recent period?
Reasons behind Bitcoin’s record rise: Scarcity and ETFs
$BTC The simple economic principle of “supply and demand” may explain the explosion that has ignited the cryptocurrency market collectively, and Bitcoin in particular.
According to Coinshares head of research James Butterfill, while 900 bitcoins are mined daily, orders for newly issued US ETFs are averaging 2,800 bitcoins per day.
Former US President Donald Trump, along with his sons and businessmen, launched a cryptocurrency platform, without revealing many details about it.
Little was known about the Trump family's cryptocurrency project during a two-hour online presentation, except for an offer to allow people to buy "official coins" that would allow them to vote on decisions related to the platform, according to Agence France-Presse.
Very very big promotion To me $XRP it will reach $1500 during the next year For me it is an exaggeration Because the size of the offer is 100,000,000,000 Versus the market value of $53,228,313,819 That means approximately, $54 billion To reach $5 we need liquidity worth $500 billion So will it reach this funding in the first place and who is the funder ?! But there is a solution, which is to burn billions of the currency so that the offered value is less than 100 million Or liquidate the money and offer it in a new currency with the same name and its own blockchain but not the same users
Don't sell your coins at a loss, every downturn is followed by a rise
In the world of digital currencies, markets are characterized by extreme volatility, with periods of continuous rise and fall. However, it is important to remember that a decline is not the end of the road. Every market decline is often followed by a rise, so do not rush to sell your assets at a loss during periods of decline.
Difference between USDT (Tether), USDC (USD Coin), and FUSD (Frax USD) are stablecoins that aim to maintain a fixed value relative to the US dollar. Here’s the difference between them:
1. USDT (Tether): - Stability: Designed to maintain a value equal to one US dollar. - Reserve: Each USDT is allegedly backed by one US dollar or assets of equivalent value. There have been some transparency issues in the past. - Adoption: Widely used, used on many trading platforms.
2. (USD Coin)$USDC : - Stability: Also designed to maintain a value equal to one US dollar. - Reserve: Fully backed by US dollars held in third-party bank accounts, providing a high level of transparency. - Adoption: Widely used, sourced from Circle and Coinbase.
3. $FDUSD (Frax USD) - Stability: Designed to maintain a value equal to one US dollar, but relies on a hybrid model that combines collateralized and non-collateralized assets to achieve stability. - Reserve: Relies on a complex system of collateralized assets and algorithmic decisions to adjust supply and demand. - Adoption: Less popular compared to USDT and USDC, but has a dedicated audience.
Each of these stablecoins uses different methods of stabilization and manages reserves in a variety of ways, which may affect the level of trust and adoption in each
Look at the chart and you'll understand what I'm talking about 💹
"Dash" is a digital currency that represents one of the most famous cryptocurrencies that appeared in the crypto market. Dash was launched in 2014, and it is a development of "Bitcoin" that aims to improve the speed, privacy and efficiency of transactions.
History and development of Dash:
1. Foundation: - Dash was launched in January 2014 under the name "XCoin" before being renamed to "Darkcoin" and then to "Dash" in March 2015. - It was founded by Evan Duffield, who was seeking to improve some aspects he noticed in Bitcoin, such as the speed and costs of transactions.
2. Technological innovations: - Masternodes: The Dash network includes two types of nodes, regular nodes (similar to Bitcoin nodes) and "masternodes". Masternodes perform transaction verification and manage some of the network's special functions such as instant swaps. - InstantSend allows for instant transactions that ensure fast confirmations, allowing Dash to be used for urgent buying and selling. - Privacy (PrivateSend): This feature provides enhanced privacy by mixing transactions so that it becomes difficult to trace the source of funds.
3. Funding and Governance: - Dash uses a unique funding model called "Self-Funding and Governance System". A certain percentage of each transaction is allocated to fund projects and initiatives related to the network.
Learn about $TON $NOT TON (The Open Network) is a cryptocurrency based on blockchain technology, and is considered part of the TON system developed by the Telegram team. Initially, the project was known as "Telegram Open Network", but it was later renamed to "The Open Network" after settling some legal issues with regulators.
TON Coin Overview
1. Development and History: - TON was announced in 2018 as part of an effort to provide an advanced blockchain system that integrates seamlessly with Telegram services. - TON is designed to be a multi-layered and modular blockchain platform, enabling the development of decentralized applications and improving transaction performance.
2. Technical Features: - Transaction Speed: TON takes advantage of a multi-layer blockchain architecture, allowing a large number of transactions to be processed simultaneously. - Scaling: TON uses a horizontal scaling system, where more sidechains are added to distribute loads and reduce congestion. - Security: TON relies on advanced encryption technologies to ensure security and data confidentiality.
3. TON Coin Functions: - TON Coin is used as a means of payment within the blockchain ecosystem, including transaction fees, activating decentralized applications, and participating in voting processes.
ADA is the cryptocurrency used in the Cardano network, one of the most prominent blockchain networks that aims to provide a reliable and secure platform for the development of decentralized applications and smart contracts. Cardano was launched in 2017 and was created by Charles Hoskinson, one of the co-founders of Ethereum.
ADA Features:
1. Decentralization and Security: Cardano relies on the Proof of Stake algorithm to secure the network, which is considered more efficient than the Proof of Work algorithm used in Bitcoin. This contributes to reducing energy consumption and increasing the security of the network.
2. Sustainable Development: Cardano focuses on the research and development methodology, where protocols and features are developed based on academic research and reviews by the scientific community. A gradual approach is followed in rolling out updates to ensure the stability of the network.
3. Smart Contracts and Decentralized Applications: Cardano supports the development of smart contracts and decentralized applications thanks to the "Plutus" and "Marlowe" protocols. These tools allow developers to build applications on the Cardano network easily and efficiently.
4. Focus on inclusivity: Cardano seeks to bring blockchain technologies to developing countries and communities with limited financial needs, contributing to financial inclusion. $ADA #ADA/USD
#TapSwap is one of the #Telegram games 🧧 projects based on the trend 🎊tap to earn and the listing was postponed several times so what is the reason?! The project is based on the $SOL network
Among the trend 🗳️ games#Telegram Which was guaranteed tap to earn 🎊 The launch and distribution date of $TOMARKET is approaching Its work is among the $TON network family You can catch up with me on the trails and the event #BITGET #xpay
# In the world of cryptocurrencies, we cannot overlook the importance of Ethereum. This currency was created in 2015 by Vitalik Buterin, and is one of the most innovative projects in the blockchain field.
What makes Ethereum special is its ability to support decentralized applications (DApps) and smart contracts. Smart contracts are programs that run on the blockchain and execute automatically when certain conditions are met, providing a secure and transparent environment for financial transactions and contracts.
In addition to being a digital currency, Ethereum is used as a platform for developing applications that require a decentralized environment, such as decentralized finance (DeFi) and blockchain-based electronic games.
Ethereum is constantly evolving, with updates aimed at improving transaction speeds and reducing their costs. Ethereum is a prime example of how technology can radically transform the way we manage money and applications.
If you are interested in technical innovations or looking to explore more about the world of blockchain, Ethereum is a great starting point. What do you think about the role of Ethereum in the future? Share your thoughts!