A report revealed that new security mechanisms for cryptocurrencies caught the attention of a mass of new investors.
While the alternatives to enter the universe of investment of the cryptocurrencies, digital assets continue to register growth figures that forecast a prolonged maintenance of their price. He Bitcoin and the ethereum are kept as references.
According to the company’s semi-annual records Binancewhich is dedicated to the exchange of cryptocurrencies providing a platform for trading digital assets, “total market capitalization has increased a 30% YoYclosing at 1.17 trillion euros as of June 30″, consolidating a “growing confidence in cryptocurrencies”.
Within this framework, the company highlighted as one of the most paradigmatic figures of this growth the number of operations in which the main digital asset, the Bitcoin: an increase of 185% YoY in total, while transactions on its network increased a 58%. The report attributed this breakthrough to the “growth of the ‘Ordinals’which allow you to create and negotiate NFTs In the net Bitcoin“.
Besides Binance understood that within the expansion of the industry, supported by the impulse of the blockchain technologies and the non-fungible tokens, the stock market growth of cryptocurrency stands out Solarium (created in 2017), which this Saturday reached $25.68. The company also highlighted the progress of avalanche in the subnets and the new models of shared security of Cosmos.
In this way, the report concludes that “considerable growth has been achieved in all the verticals analysed”. Regarding the decentralized finance sector (DeFi), the users “increased 43% year-on-year” and the “volumes of NFTs they increased compared to the second half of 2022″. In total, the top ten funds have raised an estimated figure in the first half of the year in 3.21 billion euros.
The best strategy to invest in cryptocurrencies
Dollar Cost Average (DCA) It is a financial strategy that consists of investing the same amount of money from time to time in variable income (cryptocurrencies).
That is to say, dollar cost average (DCA) is a popular investment strategy that involves dividing the total amount you wish to invest into exactly equal parts and then investing those amounts periodically, regardless of the price of the investment. Thus, you will divide the total amount that you plan to invest in equal parts and you will buy tokens at intervals at regular times.
Binance, the cryptocurrency exchange company that offers the commercialization of more than 100 digital assets, offers the possibility of applying the strategy of dollar cost averaging (DCA) through its “automatic investment” option.
For that, you must follow the following steps:
- Create an account at Binance and login.
- press on Profits, section located in the menu.
- squeeze “Automatic investment”.
- I chose your currency.
- Choose “Create plan.” So you are going to propose a recurring cycle and you will decide how often to invest in that cryptocurrency.
Source: Ambito
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