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Best Cryptocurrency Statistics You Need to Know

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latest cryptocurrency news today

The best way to choose the cryptocurrency you want to invest in is to understand the statistics behind it. By learning the statistics behind Bitcoin, XRP, Binance Coin, and a few others, you can make an informed decision about your investment. 

In this article, we’ll explain what you need to know about the four most popular latest cryptocurrency news today. You’ll also learn how to build your confidence in these digital currencies.

Bitcoin

If you’re interested in cryptocurrency, you’ve probably been wondering what the latest numbers are. The most important thing to keep in mind is that there are several facets to this growing industry. For starters, you need to know that there are 63 million users. Of that number, 3 million will be added by 2021. 

In addition, there are many different kinds of cryptocurrencies and a digital wallet is where users keep their private keys and store their cryptocurrency.

XRP

If you’ve ever considered investing in cryptocurrencies, you’re probably aware of XRP and Bitcoin. However, XRP is not as well-known as these two, which is why learning cryptocurrency statistics can be a little tricky. Nevertheless, there are a few XRP cryptocurrency statistics you need to know. 

XRP has a market cap of $53 billion and is currently performing well. It has grown by more than 410% in 2018 alone, and it has experienced a 349% rise in the past year. Two current developments may affect XRP’s performance.

Binance Coin

If you are interested in cryptocurrency, you might be interested in knowing the statistics of Binance Coin. This cryptocurrency exchange is one of the biggest in the world, and its growth has been attributed to the development of the Binance smart chain.

 Listed below are some of the most important statistics to know about Binance. The best part about Binance is that it has one of the lowest transaction fees of any crypto exchange. The transaction fee is just 0.1% of the number of funds that are transferred between users.

Confidence in cryptocurrencies

The Morning Consult survey of cryptocurrency investors shows that in August, Chinese people’s confidence in digital currency fell. This reflects a 4% drop in confidence from July. China has been putting pressure on the latest cryptocurrency news today by banning most bitcoin mining. 

Last week, Hebei Province announced that it would monitor those mining Bitcoins. The country is also stepping up its anti-crypto campaign in the banking sector. However, the broader global sentiment is a different story.

Market capitalization

In the world of crypto, the market cap is a fundamental metric. It’s important to remember that prices don’t always reflect the actual value of a coin, and the top ten can vary significantly from year to year. 

That’s why it’s important to keep your investment limits small, and only invest what you can afford to lose. For example, if a coin’s market cap is $100 million today, it might only be worth $10 million by the time it reaches its full market value in a few years.

Transactions

The number of transactions per day has fluctuated throughout the years. It topped more than 400,000 in January 2021 and decreased to 289,000 on September 1, 2021. This figure is slightly lower than the year before but much higher than another day that same week. 

In January, more people were aware of cryptocurrencies than they were in January. According to a recent survey, 27% of respondents said they would consider investing in the latest cryptocurrency news today. Among them, 13% have already invested.

Users

Some people may use cryptocurrency for illegal activities, such as transferring illicit drugs, but this practice is unlikely to be allowed in Islamic law. Rather than paying with cash, cryptocurrency owners use network/mining fees to secure and process transactions. 

The fees, between 2.9 and 5.6 percent of the total value, are the result of over-speculation and are not directly connected to the legal criterion in Islamic law. Furthermore, the use of fiat currency for illegal purposes does not make it unlawful in Islam.

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