Cryptometrics101
A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet.
What is an example of passive income?
Passive income refers to active unearned income that requires minimal work to earn and maintain. Passive income sources include investing in mutual funds, selling products online, teaching online courses on sites, or other side hustles where the earner doesn’t have to participate.
Buy and HODL This is the most common way of earning money from cryptocurrencies.
Most investors buy coins such as Bitcoin, Litecoin, Ethereum, Ripple, and more and wait until their value rises. Once their market prices rise, they sell at a profit.
How to crypto passive income.
Financial freedom A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet.
What is an example of passive income?
Passive income refers to active unearned income that requires minimal work to earn and maintain. Passive income sources include investing in mutual funds, selling products online, teaching online courses on sites, or other side hustles where the earner doesn’t have to participate. Buy and HODL This is the most common way of earning money from cryptocurrencies. Most investors buy coins such as Bitcoin, Litecoin, Ethereum, Ripple, and more and wait until their value rises. Once their market prices rise, they sell at a profit.
Where to Check Cryptocurrency Prices?
You can track over 10,000 crypto prices on CoinGecko across more than 50 currencies. Popular cryptocurrency pairs include BTC to USD, ETH to USD, and SLP to PHP.
CoinMarketCap is the world’s most-referenced price-tracking website
for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.
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What is Crypto Market Cap?
Crypto market cap is the total value of all the coins of a particular cryptocurrency that have been mined or are in circulation. Market capitalization is used to determine the ranking of cryptocurrencies. The higher the market cap of a particular crypto coin, the higher its ranking and share of the market. Crypto market cap is calculated by multiplying the total number of coins in circulation by its current price. For instance, to calculate the market cap of Ethereum, all you need to do is multiply the total number of Ethereum in circulation by the current price of one Ethereum and you will get its market cap.
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