Fastcriptonews: «Your daily guide to the crypto world: News, analysis, and more» on the major cryptocurrencies.

«Attention«: Cryptocurrencies are a highly volatile asset. «Don’t invest without knowledge.»

 

Cryptocurrency basics

Cryptocurrencies are growing rapidly and at some point their use will become widespread, just as traditional cash or fiat money is. The good thing about cryptocurrencies is that they offer people opportunities and independence; there are cryptocurrencies with enormous growth potential.

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What is a cryptocurrency?

Cryptocurrencies are virtual currencies that typically use a decentralized network to conduct secure financial transactions. Not issued or controlled by a banking institution or belonging to any specific country, they can be used worldwide and can be used to purchase goods or services through electronic transactions. Discover the major cryptocurrencies.

What should we know before investing in cryptocurrencies?

You’re in a decentralized market, the environment is secure, but you shouldn’t be careless. There’s a very high level of fluctuation, and we find too many digital currencies used to manipulate prices, leaving investors with devalued assets.

It’s true that the encryption systems of these currencies are very efficient, but nothing guarantees that you won’t fall victim to a hacker attack, that this market can be altered by an external agent, or that the project is a scam and you lose your entire investment. Always do your own research and assess the benefit or risk of the investment.

Follow our beginner’s guide to getting started with cryptocurrencies or how to develop your buying strategy. The high volatility of cryptocurrencies can cause their price to drop more than 50% in a few days or hours or, conversely, increase 12,000% in just a few months.

  • Understanding cryptocurrencies.
  • The basics of cryptocurrencies.
  • Cryptocurrency prices.
  • Monitor and audit the status of major coins and altcoins.

 

How secure are cryptocurrencies or virtual currencies?

Cryptocurrencies today use very high security protocols, however, they are a very risky investment due to their volatility and lack of regulation. A cryptocurrency, also called virtual currency, is money protected by cryptography, making it almost impossible to counterfeit or double-spend.

How to invest in cryptocurrencies safely?

Tips for investing in cryptocurrencies safely:

Don’t act impulsively; don’t get fascinated or enamored with any project. Analyze the project’s volatility, network, and contract; read its white paper; research the development team or communicate through social media; and don’t get carried away by FOMO (fear of missing out).

  • Use a secure wallet.
  • Diversify your investment portfolio.
  • Be aware and realistic.
  • Don’t believe in miracle courses.
  • Never take out loans to make investments.

Invest only what you’re willing or able to lose in case the project or token doesn’t pan out. Make small investments and gradually increase your positions. Beware of scams. Follow our tutorials and learn from the experience of those who have already fallen for scams. Learn to identify them and be alert, because any project can become a scam.

Fastcriptonews Website Disclaimer:

The content on our website, its links, blogs, and social media accounts are intended solely to provide general and up-to-date information, as they come from external sources.

We do not offer any guarantees of any kind regarding our content, as it comes from external sources, or the accuracy and currency of information in a constantly changing and updated market.

We do not offer, nor should it be construed as, financial, legal, or any other type of advice on which you may rely specifically for the achievement of any purpose.

Your use of our content is solely at your own risk.

Conduct your own research, reviews, and analysis, and verify our content before relying on it.

Cryptocurrency trading is a high-risk activity that can result in significant losses, so you should consult your financial advisor before making any decisions.

Unlike conventional currencies, cryptocurrencies are not backed by a central bank and use blockchain technology to record transactions in a decentralized manner. This makes them less vulnerable to inflation and government manipulation.

bitcoin
Bitcoin (BTC) $ 102,253.40
ethereum
Ethereum (ETH) $ 2,439.41
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.11
bnb
BNB (BNB) $ 638.96
solana
Solana (SOL) $ 146.33
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.276265
dogecoin
Dogecoin (DOGE) $ 0.173464
cardano
Cardano (ADA) $ 0.632577
staked-ether
Lido Staked Ether (STETH) $ 2,432.55
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,175.38
hyperliquid
Hyperliquid (HYPE) $ 34.05
wrapped-steth
Wrapped stETH (WSTETH) $ 2,936.08
sui
Sui (SUI) $ 2.97
chainlink
Chainlink (LINK) $ 13.10
stellar
Stellar (XLM) $ 0.26022
leo-token
LEO Token (LEO) $ 8.75
avalanche-2
Avalanche (AVAX) $ 18.98
bitcoin-cash
Bitcoin Cash (BCH) $ 382.29
the-open-network
Toncoin (TON) $ 3.06
shiba-inu
Shiba Inu (SHIB) $ 0.000012
usds
USDS (USDS) $ 1.00
hedera-hashgraph
Hedera (HBAR) $ 0.162168
weth
WETH (WETH) $ 2,443.76
litecoin
Litecoin (LTC) $ 84.10
wrapped-eeth
Wrapped eETH (WEETH) $ 2,607.16
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999697
polkadot
Polkadot (DOT) $ 3.89
monero
Monero (XMR) $ 318.82
ethena-usde
Ethena USDe (USDE) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.57
pi-network
Pi Network (PI) $ 0.622454
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 102,366.43
pepe
Pepe (PEPE) $ 0.000011
whitebit
WhiteBIT Coin (WBT) $ 31.09
aave
Aave (AAVE) $ 245.72
uniswap
Uniswap (UNI) $ 5.96
dai
Dai (DAI) $ 0.999987
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
bittensor
Bittensor (TAO) $ 359.53
okb
OKB (OKB) $ 49.84
crypto-com-chain
Cronos (CRO) $ 0.098615
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
aptos
Aptos (APT) $ 4.55
near
NEAR Protocol (NEAR) $ 2.29
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 176.45
internet-computer
Internet Computer (ICP) $ 4.92
susds
sUSDS (SUSDS) $ 1.05
ethereum-classic
Ethereum Classic (ETC) $ 16.42
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