Crypto Guides Archives - Cryptolifedigital

Meme Coins Mania Grips Crypto Market: BOME, PEPE, and ALGT Poised for Breakout

28Mar

By CryptolifedigitalNo Comments

Cryptocurrency

Meme Coins Mania Grips Crypto Market: BOME, PEPE, and ALGT Poised for Breakout

The crypto space is witnessing a surge in meme coins, with substantial gains recorded throughout March. This trend began in the Solana ecosystem, where over $150 million was collectively raised by 33 meme coin projects. Due to these massive breakouts, meme coins are expected to be major players in 2024. Three meme coin projects have emerged as potential frontrunners: Book of Meme (BOME), Pepe (PEPE), and Algotech (ALGT). All three are anticipated to see significant growth due to rising market interest and strong community engagement. BOME Takes the Lead with Meteoric Rise Book of Meme (BOME) is a new Solana-based meme coin experiencing unprecedented growth. After a successful presale, BOME launched in March, capturing investor attention with a record-breaking $4 billion surge in volum...

President Biden Vows to Close Crypto Loopholes, Sending Ripples Through the Market

30Jun

By OLAJIDE SAMUELNo Comments

Cryptocurrency

President Biden Vows to Close Crypto Loopholes, Sending Ripples Through the Market

In a bold move aimed at strengthening the integrity of the tax system and levelling the playing field, President Biden has pledged to eliminate tax loopholes for crypto traders and hedge fund managers. With an estimated $18 billion in lost tax revenue attributed to these loopholes, the President aims to restore fairness and accountability within the crypto industry. The announcement sent shockwaves through the market, prompting a brief dip in Bitcoin's value before it rebounded, showcasing the industry's resilience. Read Also: Israel's Ministry of Defense Seizes Millions in Cryptocurrency Intended for Terrorist Financing, with Support from Binance https://twitter.com/WatcherGuru/status/1674462671989530630 President Biden To Address Tax Evasion Practices President Biden made his int...

Smart Guides On How To Enter Cryptocurrency World

14Apr

By OLAJIDE SAMUELNo Comments

Crypto Guides

Smart Guides On How To Enter Cryptocurrency World

The world of cryptocurrency can be exciting, but it can also be overwhelming for newcomers. With so many cryptocurrencies, exchanges, wallets, and other tools to choose from, it can be difficult to know where to begin. Here are some tips on how to enter the crypto world. Do your research Before you invest any money in cryptocurrency, it's important to do your research. Learn about the different cryptocurrencies available, their uses, and their potential risks and benefits. Read whitepapers, watch YouTube videos, and join online communities to learn more about the crypto world. You can also attend meetups and conferences to network with other crypto enthusiasts and experts. Read Also: Shib Burn Rate Spikes Above 30,000% As Koyo Token Burns A Staggering 1.49 Billion SHIB Star...

13Apr

By OLAJIDE SAMUELNo Comments

Crypto Guides

What is Stellar Lumens (XLM)?

Stellar Lumens (XLM) is a cryptocurrency that was designed to facilitate cross-border payments and make financial transactions faster, cheaper, and more accessible. The Stellar network, which was created by Jed McCaleb in 2014, uses the XLM cryptocurrency to power transactions on its blockchain. In this article, we will explore the history of Stellar Lumens, how it works, and its potential use cases. History of Stellar Lumens Stellar was created by Jed McCaleb, who is also the co-founder of Ripple. McCaleb had previously founded Mt. Gox, one of the earliest cryptocurrency exchanges, which went bankrupt in 2014 after a hack. McCaleb created Stellar to address some of the problems he saw with the traditional financial system, such as high transaction fees, long settlement times, and lack o...

22Mar

By CryptolifedigitalNo Comments

Cryptocurrency

7 crypto use cases In 2023

In recent years, cryptocurrency has become increasingly popular as a form of digital currency. While many people still view it as an investment opportunity, more and more individuals are now realizing the practical benefits of using cryptocurrency in everyday life. In this article, we will explore how you can use cryptocurrency in your daily routine and how it can simplify your life. Use cases Of Crypto Shopping Many online retailers now accept cryptocurrency as a payment method, including major names like Microsoft, Overstock, and Shopify. You can also use cryptocurrency to buy everyday items such as groceries and clothing through online retailers. The process is typically straightforward: you simply select the cryptocurrency payment option and follow the payment instructions pro...

15Mar

By CryptolifedigitalNo Comments

Crypto Guides

Crypto Trading Strategies For Beginners

Introduction: Crypto trading can be highly rewarding, but it is not without its risks. The market is highly volatile and unpredictable, which means that traders need to have a solid strategy in place if they hope to make a profit. In this article, we will explore some of the best crypto trading strategies for beginners, including both short-term and long-term approaches. Understanding the Market: The first step in developing a successful crypto trading strategy is to gain a thorough understanding of the market. This means studying the various cryptocurrencies, the factors that influence their prices, and the overall trends in the market. One of the best ways to gain this knowledge is to read articles and analyses from reputable sources, such as CoinDesk, Cointelegraph, and Cr...

Custodial and non-custodial Wallets: Definition and Differences

23Oct

By CryptolifedigitalNo Comments

Crypto Guides

Custodial and non-custodial Wallets: Definition and Differences

The two kinds of Cryptocurrency wallets that traders in the crypto market are using are Custodial and non-custodial wallets, before a trader purchases any cryptocurrency, he will need a custodial wallet for the transaction, after the purchase, he can move the coin to a safer place like a non-custodial wallet; an offline and personalized environment just to protect his asset. It is the trader that can decide whether to store his coin in the custodial's wallet or move it to a non-custodial wallet. Read Also: 95% Of Employees Say Ripple Is A Great Place To Work, As It Plans To fill Vacancy What does a Custodial wallet mean? The custodial wallet is a type of wallet that validates a trader's authenticity to be able to purchase a coin in any exchange. It is issued by the exchange co...

Comparing Centralized And Decentralized Crypto Exchanges (Advantages & Disadvantages)

4Jun

By Cryptolifedigital1 Comment

Crypto Guides

Comparing Centralized And Decentralized Crypto Exchanges (Advantages & Disadvantages)

Centralized crypto exchanges are platforms that permit users to purchase and sell cryptos within an infrastructure managed by the exchanged firm. We have vouched to get the information that you have been seeking and have presented them to you in plain and simple language for your maximum understanding. What is Crypto Exchange? A crypto exchange is an online platform for buying and selling digital currencies. It is an online platform that allows traders to buy, swap, invest, convert, sell and transfer their cryptocurrencies from one wallet address to another. Added to this, an exchange has several other features and services it renders to traders. Read Also: Top 12 Solana NFT Marketplaces The most significant feature of this is that; it permits traders to exchange their fiat mo...

4Jun

By Cryptolifedigital1 Comment

Crypto Guides

Top 12 Solana NFT Marketplaces

There are various Solana NFT marketplaces with different features. This difference might make it difficult to choose and force first-time non-fungible token (NFT) investors to go on the hunt for the best Solana NFT marketplace to use. If you fall into that level, then this write-up is really for you. What is a Solana NFT Marketplace? A Solana NFT marketplace is a platform where you can buy and sell NFTs on the Solana network. Anyone with a Solana wallet, such as Sollet or Phantom, can interact with these platforms to buy and sell tokens from their favorite collections. Some platforms also include functionality for users to create and mint Solana-backed NFTs. Read also: STEPN To Block Users From Mainland China To Comply With Crypto Regulation The intr...

An A-Z Guide to the “Ethereum Killer” Called Avalanche

28May

By Cryptolifedigital2 Comments

Crypto Guides

An A-Z Guide to the “Ethereum Killer” Called Avalanche

Avalanche is a public blockchain designed to scale throughput at low costs while maintaining speed, security, and decentralization. The Avalanche network uses AVAX as a native coin for paying transaction fees and accessing applications built on the network. When bitcoin was released back in 2009, it introduced the world to blockchain technology as a distributed ledger for recording transactions. Bitcoin opened up a host of other possibilities like borderless payments, machine-to-machine transactions, and the world of decentralized protocols. It also paved the way for the invention of many blockchain projects, including Ethereum, the second-largest cryptocurrency in the world. Read also: A Simple A-Z Guide for Starters On STEPN (GMT)? As the industry evolved, i...