CryptoX

Binance Walks Away From Deal To Acquire FTX.

A spokesperson for the crypto exchange said FTX's issues "are beyond our control or ability to help."

What actually is XRP?

1) XRP is the native cryptocurrency of the XRP ledger

2) XRP is one of the world biggest crypto currency’s by market capitalisation.

3) XRP can be sent directly from any XRP Ledger address to any other, without needing a gateway or liquidity provider. This helps make XRP a convenient bridge currency.

4) XRP has a unique role in the fintech industry (banks, payment providers) by helping to release capital in their nostro / bistro accounts around the world using ODL - on - demand liquidity.

5) XRP is a deflationary currency because each time you make a transaction - a small portion of XRP is destroyed (0.0000 XRP).

Bitcoin Myths - Do you agree Comment below ⬇️

What is the main purpose of NFTs?

Avoiding emotions when trading cryptocurrency.

Investing based on emotion (greed or fear) is the main reason why so many people are buying at market tops and selling at market bottoms. Underestimating risks associated with investments is one reason why investors sometimes make suboptimal decisions based on emotion.

Different ways to trade?

What is the Support and Resistance?

The phrases "support" and "resistance" refer to two separate price levels that appear to constrain the market's range of movement. The resistance level is where the price typically stops rising and sinks back down, whereas the support level is where the price typically stops falling and rebounds back up.

What is Ethereum 2.0?

A new version of the Ethereum blockchain called Ethereum 2.0 will use a proof-of-stake consensus mechanism to validate transactions through staking. One of the main critiques of Ethereum will be addressed by the merge, which is predicted to cut the cryptocurrency's carbon footprint by up to 99.95%. Systems that use the proof of work consume a lot of electricity. For instance, the annualised electricity use of bitcoin mining is currently 127 terawatt-hours (TWh). That presently consumes more energy than the entire nation of Norway.

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CryptoX Real-Time Data that Empowers.

What to do during a crypto bear market?

- Buy the crypto dip buy dollar cost averaging.

- Use indicators to find the best entry points.

- Diversity and stack your investment over different crypto assets.

- (Don’t freak out) Bitcoin, for instance, has lost more than 80% of its value on multiple occasions, yet it's experienced positive average returns over time and bitcoin is what ditermeanes the market.