Hello to two binancers. In these last weeks I have bought $AVAX But I see it feasible to buy another type of currency, today I want to ask about the currency recommended by Binance $XRP I see that this currency, lately, has had a great impact on price increase, is it safe being so or could it have a sudden drop in price?
Is this currency a future gem in altcoins or is it just a stable coin?
Virtual currencies are very volatile, especially the so-called memecoins where a few will benefit and many will be affected, so I find it advisable to discard the purchase of these during this season.
Coins like: $AVAX $ETH etc are coins that I have seen being very talked about on the platform.
At least in my opinion, they are the ones I am also interested in buying and have bought, as they have had a good number in declines but, maybe this season they could rise in price and recover a good part of their value.
This coin is the official cryptocurrency of BINANCE
But did you know that by holding this coin in earn, it can end up giving you cryptocurrencies?
That's right, when a cryptocurrency is going to be launched into the market (Launchpool) (Airdrop), having this cryptocurrency in flexible earn mode allows you to receive small amounts of those coins before they are released.
How it was in the last case of the coin $RED , which several received a small part of this for having their BNB in flexible earn.
Hello to the whole community. I come to ask for your opinion, these two coins catch my attention strongly, I am already a holder of AVAX but I also see some boom in USDC.
What do you all think?
Do you recommend any of these or are there better options?
#USBitcoinReserves Heyyyy the market has been going down and down which has made me panic a few times, but several users have strongly advised me to be patient.
But before this advice, I had seen many people posting that: Bitcoin is the basis of all currencies on the market.
Is that true?
Not exactly. Although Bitcoin is the first and most well-known cryptocurrency, it is not the basis of all cryptocurrencies on the market.
Bitcoin is a decentralized cryptocurrency that uses a technology called blockchain to record transactions and manage the issuance of new units. Other cryptocurrencies, such as Ethereum, Litecoin, and Monero, also use similar blockchain technologies, but with some key differences.
Some cryptocurrencies are based on the Bitcoin source code, but with significant modifications. These are called "forks" of Bitcoin. Examples of Bitcoin forks include Bitcoin Cash and Bitcoin SV.
However, other cryptocurrencies, such as Ethereum, have their own architectures and protocols, and are not based on Bitcoin's source code.
This is why some coins do not go down when Bitcoin drops in price.
In short, although Bitcoin is an influential and pioneering cryptocurrency, it is not the foundation for all cryptocurrencies on the market. Each cryptocurrency has its own unique architecture and protocols.
The market falls and rises, it is very volatile. But even though I don't know much about this world, I can tell you one important thing:
Even if the price drops, do not sell your cryptocurrencies, they will rise just have patience.
These are difficult times with the news from the USA for the world, but keeping your feet on the ground and your eyes on the goal will help us move forward.
Cryptocurrency crash HELLO everyone!!!! How are you doing binanceros? A question for all of you, I have seen that since they announced the $TRUMP currency and the changes in mandates in the US have affected the prices of cryptocurrencies. My recommendation is that if you can put your coins in earn, do it, do not panic because of the price drop. Now, although my stay in this digital world is practically recent, I know that what they always recommend is not to sell when prices drop. I encourage everyone with their investments!!! And now my question to you:
How are you managing your savings or what do you invest in in this scenario of price increases and decreases?
Hello binancers!!! I come here to ask for your opinion :
Doing a kind of test, I wanted to see how the option to lock a cryptocurrency for a certain number of days to obtain passive income was, I could see that it is a good option as long as the coin is "stable"
So apart from asking you: What other coin is worth putting into earn?
I come to encourage you to use your coins in the option that Binance gives us to lock our coins and receive a commission. $AVAX $BNB
Hello Binanceros!!! Help!!!! Does anyone know what's going on with the price of cryptocurrencies?? I've seen them go up and down but today they've been in the red all day I had 19.30 and now 18, I know I should wait but I'm surprised by this drop in the coins.