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Cryptocurrency Token vs Coin. What’s the difference?

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Cryptocurrency Token vs Coin. What’s the difference?

People often get confused by the terms cryptocurrency token and cryptocurrency coin. Let’s see what’s the difference between the two.

Cryptocurrency Coins:

Tokens are the digital assets issued by a particular project and can be used as a method of payment inside the ecosystem of that project. A token doesn’t have a blockchain of its own. Tokens have all the characteristics of a coin and additionally, they provide their owner a right to participate in the network of the project they belong to. The tokens are limited to time and place. For example, a cinema ticket is a real-life token with which you can watch a movie at a certain place and time but the same ticket can not be used to pay your bill at the hotel.

Cryptocurrency Tokens:

Cryptocurrency coins have a blockchain of their own and the main difference is they have value in and outside the project ecosystem. Like in the Binance Ecosystem, Binance coin has the blockchain called the Binance Smart Chain(BSC) so we called BNB a coin. On top of that, a BNB coin has value inside the Binance ecosystem as well as outside of it. Likewise, Ethereum uses the Ethereum blockchain (ERC).

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Bitcoin

When will Bitcoin Rally Start? Technical Analysis:

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When will Bitcoin Rally Start? Technical Analysis:

Bitcoin dropped today after briefly kissing the $59900 and as the selling pressure rose it dropped swiftly and the slump continues. The question is when will the Bitcoin rally start?

When will Bitcoin Rally Start? Technical Analysis:

TradingView Bitcoin Chart

Bitcoin Rally: Technical Analysis

The Bitcoin price today is $54,346.67 USD with a 24-hour trading volume of $42,612,427,726 USD. Bitcoin is down 7.79% in the last 24 hours. The current CoinMarketCap ranking is #1, with market cap of $1,026,280,520,107 USD. It has a circulating supply of 18,883,962 BTC coins and a max. supply of 21,000,000 BTC coins.

Bitcoin has found its support at fib -0.65 and has an increased volatility today. Bitcoin is currently trading below EMA 20 on an hourly chart which indicates that the Bearish trend is volatile. The relative strength indicator shows that Bitcoin has entered an oversold situation. This means that now it should start getting the buyers in and the price should rise to the previous highs of yesterday.

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Bitcoin

Nike to bring Sneakerheads to Metaverse?

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Nike to bring Sneakerheads to Metaverse?

Reading this article, most of you if wearing shoes there are chances you are Nike shows. Nike is a leading shoe brand running successfully. NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, and equipment; but hold on there is more coming in.

Nike to bring Sneakerheads to Metaverse?

For the fiscal year May 2021, Nike Business was up 19% which is worth $44.5 billion profit for a year with a market capitalization of $275.7 billion.

Nike to bring Sneakerheads to Metaverse?

Nike is a real-world one of the most successful brands which now has decided to step into the virtual world of cryptocurrency and metaverse. With the Facebook announcement of Meta, many other brands have gathered the courage to test their abilities in the virtual universe. We have already covered an article on Metaverse. In this virtual universe, you are free to be anyone do anything, and experience anything while you sit on a sofa in your home. You’ll have to buy the assets in this virtual world like in real – and this confirms that yes you’ll find your favorite pair of Nike Shoes in the Metaverse.

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How can Stop Loss save your day

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How can Stop Loss save your day

The cryptocurrency world is notorious for the insane volatilities and traders are liquidated every time there are major spikes. No matter which way the price moves, they are always people betting against the flow.

Even if you have opened a safe position, the volatility still can kill your profits and turn your portfolio to half or below, that’s why using a stop is mandatory.

A stop loss is an auto trade call that a trader sets to avoid more losses in case the market does not move in the desired direction. For example, If you opened a long position of Bitcoin at $60,000 and you think it will rise to $65,000 or $70,000. But the unfortunate happens and Bitcoin starts to drift downwards. Now you will have to decide how much loss you can face and exit the trade. So, you exited the trade at $59,500 and then Bitcoin dropped to $55,000, you saved plenty of loss. Now from here, you can again open your long position by putting another stop loss below. This has not saved your losses but you were able to open a long position at a better price.

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