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Cryptocurrency News: Market value, exchange rate to dollar today 13 November 2021

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Here are the exchange rates for top cryptocurrencies to dollar.

The cryptocurrencies are bedeviled with high rate of volatility because it is the hottest trend in investment. However, here are some rundown of current rates as at the time of filing this report.

The spotlight will be on the top 10 cryptocurrencies based on their market value. They are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Solana (SOL), Tether (USDT), XRP (XRP), Polkadot (DOT), Dogecoin (DOGE), USD Coin (USDC). 

Cryptocurrency list | Dollar USD exchange rate | Market Value

Bitcoin (BTC): 64 002.00 USD | 1 215 087 374 512.00 USD|

Ethereum (ETH): 4 693.01 USD | 552 619 211 657.00 USD 

Binance Coin (BNB): 642.3 USD | 108 101 472 391.00 USD

Tether (USDT): 1.01 USD | 75 231 810 939.00 USD

Solana (SOL): 234.89 USD | 71 187 150 134.00 USD

Cardano (ADA): 2.07 USD | 66 051 486 118.00 USD

XRP (XRP): 1.2 USD | 56 087 124 877.00 USD

Polkadot (DOT): 46.2 USD | 48 459 444 241.00 USD

USD Coin (USDC): 1.00 USD | 34 735 239 573.00 USD

Dogecoin (DOGE): 0.261 USD | 34 430 398 576.00 USD

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

As of March 2021, there are about 9,000 cryptocurrencies in the market. Bitcoin is the first to begin and still remain at the top because it has limited supplies that’s why some view it as a good store of value and an edge against inflation like gold.

Litecoin (LTC) which has a market value of 17, 373, 296, 906.00USD exchanges at 257.24 USD.

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Cryptocurrency

Cryptocurrency News: Market value, exchange rate to dollar today 19 November 2021

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Here are the exchange rates for top cryptocurrencies to dollar.

The cryptocurrencies are bedeviled with high rate of volatility because it is the hottest trend in investment. However, here are some rundown of current rates as at the time of filing this report.

The spotlight will be on the top 10 cryptocurrencies based on their market value today 19 November 2021.

Cryptocurrency list: Dollar USD exchange rate | Market Value

  1. Bitcoin (BTC): $57 178.00 | $1 079 431 780 881.00
  2. Ethereum (ETH): $4 159.3 | $492 467 866 269.00 USD 
  3. Binance Coin (BNB): $558.76 | $93 922 411 613.00
  4. Tether (USDT): $1 | $73 891 287 767.00
  5. Solana (SOL): $203.05 | $61 707 349 952.00
  6. Cardano (ADA): $1.82 | $58 427 127 903.00
  7. XRP (XRP): $1.06 | $49 851 924 286.00
  8. Polkadot (DOT): $39.92 | $42 184 437 261.00
  9. USD Coin (USDC): $1.00 | $34 479 653 188.00
  10. Dogecoin (DOGE): $0.226 | $29 994 411 095.00

What is Cryptocurrency?

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

As of March 2021, there are about 9,000 cryptocurrencies in the market. Bitcoin is the first to begin and still remain at the top because it has limited supplies that’s why some view it as a good store of value and an edge against inflation like gold.

Meanwhile, a group of investors who garnered $47m worth of ether just in a week to buy a rare, first-edition copy of the U.S. Constitution at a Sotheby’s auction — and lost, CNBC report says.

The group, known as ConstitutionDAO, wrote in its ‘frequently asked questions’ that the funds would be redeemable, minus a transaction fee.

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Cryptocurrency

Buying and selling cryptocurrency

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An as an investor, you need to understand that cryptocurrency is highly volatile. Therefore, you need to time the market more than conventional investments to make good returns.

What is cryptocurrency?

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

Cryptocurrency is secured by cryptography that ensure and checks that currencies are not spend twice. On the other hand, blockchain technology, which is a distribution of ledger enabled by another network of computers.

 

Buying and selling cryptocurrency

Buying and selling cryptocurrency

What is cryptocurrency trading?

As a cryptocurrency trader, you aim is either accumulate Bitcoin or to make a profit in dollars. It is very easy to increase your portfolio in dollars while trading your crypto in the bull market. However, it is not that easy increasing your Bitcoin value.

You can therefore trade your Bitcoin for alternative coins (altcoins) like Coinbase Pro in order to track your Bitcoin value.

However, you are taking risk by buying and selling your cryptocurrency. You may lose as well as gain in the market. Although, it is rare for traders to suddenly lose money because the market is volatile.   

By actively trading your cryptocurrency, you risk losing your crypto to the market. Since cryptocurrency prices are so volatile, it’s not uncommon for traders to lose money quickly trading cryptocurrencies. This is why so many crypto enthusiasts just HODL their Bitcoin.

Similar to traditional exchanges, traders will earn gradually has price rises.

How to buy cryptocurrency

Exchanges are out there more than willing to assist traders procure crytocrrency. For beginners, Coinbase will be an option.

Binance, Luno, eToro and many other platform to trade. You will need to make your findings to know which offer lower commission.

Most important factor to look out for in a cryptocurrency exchanges are secure, quick setting up, ease of use, flexibility in funding and overall efficiency.

For each of the exchanges, you will be required to verify your identity after registration.

Account set up

After verifying your account with your preferred exchange, you will then need to stock your cryptocurrency wallet.

For will need a brokerage account, who will be exposed to the maret on your behave.

Which currencies are you buying and selling

Amongs thousands of cryptocurrencies in the market, you have to settle for one or two. Precisely, trade the major currencies, like Bitcoin, Ethereum, Dogecoins, Litocoins. New altcoins are added, so you can trade them as well. But do your diligence to know about them..

Strategize before trading

Better understanding of the market puts you on the hedge. Cryptocurrency pricing depends on a many factors.

Government regulations, businessmen and media influence have being a major influence in the last 2 years. Dollar influence cannot be neglected as well.

Place your order strategically

Next step in trading is to define your ‘close’ conditions – i.e. the point that you will exit a trade. This can be an important discipline.

Always remember that cryptocurrencies are volatile and running large open positions is risky. At that specific moment that you attained your target, or you have hit your maximum loss, you will need to close out your position.

Set up this filter to automatically be your benchmark. It is advised to start small, or use demo account to practise. Move to real account after you have gain some experience about the market dynamics.

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Cryptocurrency

Cryptocurrency News: Market value, exchange rate to dollar today 18 November 2021

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Here are the exchange rates for top cryptocurrencies to dollar.

The cryptocurrencies are bedeviled with high rate of volatility because it is the hottest trend in investment. However, here are some rundown of current rates as at the time of filing this report.

The spotlight will be on the top 10 cryptocurrencies based on their market value today 18 November 2021.

Cryptocurrency list: Dollar USD exchange rate | Market Value

  1. Bitcoin (BTC): $59 750.00 | $1 127 738 084 128
  2. Ethereum (ETH): $4 233.78 | $500 991 855 944.00 USD 
  3. Binance Coin (BNB): $571.85 | $96 184 714 382.00
  4. Tether (USDT): $1 | $75 494 173 345.00
  5. Solana (SOL): $209.84 | $63 980 921 988.00
  6. Cardano (ADA): $1.85 | $59 583 103 815.00
  7. XRP (XRP): $1.1 | $51 281 737 612.00
  8. Polkadot (DOT): $40.71 | $42 969 302 090.00
  9. USD Coin (USDC): $1.00 | $34 605 281 360.00
  10. Dogecoin (DOGE): $0.233 | $30 585 569 373.00

What is Cryptocurrency?

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

As of March 2021, there are about 9,000 cryptocurrencies in the market. Bitcoin is the first to begin and still remain at the top because it has limited supplies that’s why some view it as a good store of value and an edge against inflation like gold.

Meanwhile, the total market capitalization for cryptocurrency has reduced to $2.18trillion as Bitcoin and altcoins continue to experience price decline. This excludes USD Coin (USDC) which rose by 0.04 in the last 24 hours and few others. Market value currently stands at $2.72billion.

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