No other market force has shown as competent impact on the price of Bitcoin than the trust people have put in it. The largest cryptocurrency by market cap is likely to remain stubbornly rangebound a little above $29,000, a number of analysts are saying. Cryptocurrency exchanges provide markets where cryptocurrencies are bought and sold 24/7. Depending on the exchange, cryptocurrencies can be traded against other cryptocurrencies (for example BTC/ETH) or against fiat currencies like USD or EUR (for example BTC/USD). At CoinCodex, we weigh the price data by volume so that the most active markets have the biggest influence on the prices we’re displaying. One of the biggest winners is Axie Infinity - a Pokémon-inspired game where players collect Axies (NFTs of digital pets), breed and battle them against other players to earn Smooth Love Potion (SLP) - the in-game reward token. The biggest crypto news and ideas of the day. News and analysis for the professional investor. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances. CoinMarketCap does not offer financial or investment advice about which cryptocurrency, https://youtu.be/rUO4OedcA88 token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales.

Yi was previously Vice President at a leading mobile video tech company, Yixia Technology, and co-founder of digital asset exchange OKCoin. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates. It combines non-fungible tokens (NFT), in-game crypto tokens, decentralized finance (DeFi) elements and sometimes even metaverse applications. The digital trading card is the most common example of a non-fungible token. The crypto exchange beat on both the top and bottom lines, but transaction revenue and total trading volume fell. Cryptocurrency enthusiasts will understand that only those coins that have a real world value proposition shall reach the top of the order. By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. This way, we can determine an average price that reflects cryptocurrency market conditions as accurately as possible. Some students start coding and learning how to build a website at the age of 13 so that they can have an early start, whereas some are stuck at a job that has good pay but 0 job satisfaction. The transformation of value in the digital age. The data at CoinMarketCap updates throughout the day, which means that it is possible to check in on the value of your investments and assets at any time and from anywhere in the world.

CoinCodex tracks more than 400 crypto exchanges and thousands of trading pairs to make sure that our data is as reliable as possible. Play-to-earn (P2E) games, also known as GameFi, has emerged as an extremely popular category in the crypto space. Furthermore, it is also believed that it will gain legitimacy in the majority of the nations and there will be a stipulated framework in the financial system for the crypto currency to function side by side the traditional currencies. In an illiquid market, you might have to wait for a while before someone is willing to take the other side of your trade, and the price could even be affected significantly by your order. While they look (and technically are) the same, the two networks are fundamentally incompatible. Crypto prices are calculated by averaging cryptocurrency exchange rates on different cryptocurrency trading platforms. Cryptocurrencies such as Bitcoin and Ethereum enjoy high levels of liquidity and trade at similar rates regardless of which specific cryptocurrency exchange you’re looking at. For smaller alternative cryptocurrencies or altcoins, there can be noticeable price discrepancies across different exchanges.

Players in the Philippines can check the price of SLP to PHP today directly on CoinMarketCap. If you had invested $100 in Bitcoin in May 2020, you would have earned $515 today. In May 2022, following a vote by Wikipedia editors the previous month, the Wikimedia Foundation announced it would stop accepting donations in bitcoin or other cryptocurrencies-eight years after it had first started taking contributions in bitcoin. Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March. Since Bitcoins can be spent on the internet without the use of a bank account, they offer a convenient system for anonymous purchases, which also makes it possible to launder money and buy illegal products. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability. This game was extremely popular in developing countries like The Philippines, due to the decent income they can earn.