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About coins
Cryptocurrency is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Bitcoin BTC
Litecoin LTC
Ethereum ETH
Tether USDT
Tether (symbol ₮) is a cryptocurrency token issued by Tether Limited, which claims that its value is 80% backed by US dollar reserves in bank accounts or their equivalent. The main idea of the developers of this token is to provide participants of the cryptocurrency market with the opportunity to use a stable digital asset ("stablecoin"), the rate of which is tied to the rate of the US dollar and does not experience such strong fluctuations as the rates of other cryptocurrencies. Tether is released on the Omni Layer platform, which is a superstructure on top of the Bitcoin blockchain.
eCurrency ECR
eCurrency - the main cryptocurrency of the Mercury community, which will gradually become the core of all projects and the internal economy of the community
eCurrency (ECR) is a self-financing decentralized cryptocurrency designed to facilitate international B2C and B2B transactions. The independence of the ECR blockchain ensures fast transaction speeds and zero fees for today's, tomorrow's companies and their customers.
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FAQs
What is cryptocurrency?
A cryptocurrency is a digital or virtual asset that uses cryptography to enable secure financial transactions and control the creation of new units. It is based on blockchain technology, which allows for the creation of a decentralized system independent of centralized financial institutions such as banks or central banks.
What are the benefits of trading cryptocurrencies?
Cryptocurrencies can have significant potential to increase in value over a short period of time. This enables investors to earn large profits in the cryptocurrency market.
Cryptocurrency trading is possible from anywhere in the world with Internet access. This opens up investment and trading opportunities for people from all over the world.
Compared to traditional financial markets, commissions on cryptocurrency exchanges can be significantly lower, which allows you to reduce trading costs.
Blockchain technology, on which most cryptocurrencies are based, has the potential to revolutionize various fields such as finance, medicine, logistics, and more.
Some cryptocurrencies provide the ability to make anonymous and confidential transactions, which can be important for many users.
Risks associated with investing in cryptocurrencies
Cryptocurrency prices can change significantly within a short period of time. This volatility can result in significant losses or gains for investors.
Most cryptocurrencies are not yet regulated by government authorities, which can lead to a high level of uncertainty and risk of loss.
Cryptocurrencies are at risk of cyber-attacks that can lead to the theft of miners, exchanges or digital wallets.
Problems with the technical architecture of cryptocurrencies, such as flaws in protocols, can lead to the loss of funds or other problems.
As in any market, there is a risk of price manipulation of cryptocurrencies by artificially inflating or undercutting prices.
Losing access to your wallet or private key can result in the irretrievable loss of all invested funds.
What factors affect the price of cryptocurrencies?
The popularity of a cryptocurrency among investors and the general public can significantly affect its price. If the demand for a certain cryptocurrency increases, its price usually increases as well.
The amount of cryptocurrency available in the market also plays an important role. An increase or decrease in trading volumes can affect its price.
Technical aspects such as technical analysis, indicator readings and trading algorithms can affect the level of supply and demand, which in turn affects the price.
Why are cryptocurrency prices so volatile?
The cryptocurrency market is relatively small compared to traditional financial markets such as forex or the stock market. This makes it more vulnerable to large price swings from even small trading volumes or news.
Most countries have yet to adopt a clear regulatory framework for cryptocurrencies, leading to great uncertainty in this market segment.
Many people invest in cryptocurrency with the goal of making a profit in the short term, which can lead to intense price fluctuations. Psychological factors such as emotions and fear can also affect cryptocurrency prices.