What Is Vechain?

VeChain is a blockchain for businesses that aims to build “a trust-free and distributed business environment to enable transparent information flow, efficient cooperation, and high-speed value transfer.”

The VeChain network was created in 2016 to gain business usage. VeChain’s ToolChain platform offers blockchain as a service (BaaS). The toolChain has applications for carbon reduction, customer confidence, vehicle supply chain, and various other issues confronting the world today. VeChain provides a one-of-a-kind suite of business-facing goods and services, and it is continually growing into new industries. It’s hardly a surprise that VET has reached the top 30 cryptocurrencies by market valuation, thanks to its Thor blockchain and the team of industry specialists.

Step by Step Guide: How to Buy Vechain

Step 1: Open an account on a cryptocurrency exchange to trade VET.

VET may be exchanged for US dollars (USD), Bitcoin (BTC), or Ethereum, depending on the exchange (ETH). To register for an account, you’ll need to enter your email address and establish a password, and it’s also advised that you use 2-factor authentication for further protection.

Step 2: Deposit into your account.

Many cryptocurrency exchanges only enable cryptocurrency trading and do not accept direct deposits of fiat currency such as INR or USD; thus, you may need to possess or purchase BTC or ETH first.

The precise procedure for depositing cash into your account differs depending on the exchange you use. On Binance, for example, you must first select “Funds” and then “Deposit” from the menu at the top right of the screen. On Kucoin, go to the top menu and pick “Assets,” then choose your currency (for example, ETH), and then click “Deposit.”

Step 3: Purchase of VET

The final step is to use the exchange to convert your selected currency into VET. Again, depending on the exchange you pick, the actual procedure you must take may differ significantly. In Binance, for example, you’ll need to select your preferred trading pair (such as VET/BTC) and input the quantity of VET you wish to purchase.

Why Buy Vechain?

VeChain is a blockchain product management platform that aims to make the market more transparent and provide individuals with consistent access to information about purchasing and selling. VeChain aspires to provide a safe and simple solution for product makers to collect, store, and communicate product information with merchants and customers. One of the main reasons to acquire VeChain cryptocurrency is the abundance of features it offers. For example, it is compatible with smart contracts, initial coin offerings (ICOs), and decentralized apps.

Furthermore, because customers can acquire it, it is not difficult to find a place to buy VeChain. The coin is accessible for trade on sites like Coinbase and Binance, and the best location to buy VeChain is through one of these sites. VeChain works by assigning a unique ID to each product and using a VeChain smart chip tracker, effectively an NFC chip, RFID tracker, or QR code that monitors those specific goods. This is similar to a unique fingerprint that can be attached to nearly everything.

The platform is divided into four sections:

Anti-counterfeiting. Assurance of product quality and authenticity and the ability to demonstrate it.

• Management of the supply chain. Product tracking throughout the supply chain.
• Asset administration. From a single place, you can easily manage a diverse range of assets worldwide.
• Client and consumer interactions: Having more information for purchasers, providing more up-to-date information, and generally providing better service to clients.

Risks of Buying Vechain

When determining whether to purchase VET, consider VeChain’s commercial alliances and diversity of real-world applications. VeChain, for example, claims to have formed alliances with a slew of worldwide corporations.

The perceived usefulness of a coin can also significantly influence its price. VeChain’s existing commercial ties, as well as its potential supply chain management applications across a variety of sectors, may inspire price modifications in the future.

Remember that VET isn’t the only supply chain token — rivals such as WaltonChain, Wabi, and OriginTrail may all contest VeChain’s market dominance. Holding any cryptocurrency has some risk; therefore, you should do your research and check VET price prediction before investing in VET.

Conclusion

If the user believes that VeChain’s products and services are precious, investing in VET may be a good idea. VET is a token created for market speculation and has no network governance capability. If your company might profit from the Blockchain as Service offerings offered by VeChain, an investment in VET will provide you with VTHO daily that your company can use.

The year 2021 can barely be described for Cryptocurrency in words. The value undoubtedly increased compared to the previous three years, but it ended lower. Traders expected far-fetched wonders to happen.

On the other hand, participation in the Crypto world increased. More traders entered the market, highlighting that a lot is still gained.

XRP experienced a downfall after it got dumped by Crypto exchanges and Crypto asset managers. This resulted from the Securities & Exchange Commission filing a lawsuit against XRP and its executives.

XRP’s Current Condition

It would be correct to say that the condition of XRP is like a boat that is floating in the ocean with no navigation coordinates.

The US Securities and Exchange Commission filed a lawsuit against Ripple and its executives on December 22, 2020. Since then, it got harshly dumped by Coinbase and Grayscale, to name a few.

Since the SEC vs. Ripple lawsuit began taking shape, Brad Garlinghouse and Chris Larsen have experienced a massive fall in the trading arena. The image of XRP is not what it used to be, and this is expected to continue until there is no ruling in the legal case.

For the time being, Digivault has entered into the picture to provide the much-needed navigation to XRP. It is a digital asset custodian with Cryptocurrencies like Bitcoin, Ethereum, and Polkadot already on its list.

Digivault cited that it has listed XRP on its board due to its higher demand in the market. With this, it has become the first-ever Nasdaq-listed Cryptocurrency exchange to extend a helping hand to the lost boat.

It comes with a handful of sophisticated investors and fund managers, along with several reputed family offices. The customer base of Digivault expanded to this height after it partnered with Asset Reality.

Robert Cooper took this opportunity to highlight that the value of digital assets must not be ignored. The Chief Executive Officer of Digivault added that the growth of his firm reflected the increasing awareness among traders about choosing the accredited and regulated service providers.

Both the factors are essential as there are many cases of increasing fraud and unwanted hacking activities.

Digivault Is A Savior

Digivault saved a Crypto player in the market when others neglected it, and it had lost its reputation. All of this was worth it, which is why it means the world to XRP and its followers.

The digital asset custodian has a large market in the United Kingdom, and it barely plans to operate in the United States of America. Additionally, it has succeeded in tapping the market of Singapore. Both the United Kingdom and Singapore are the hubs of Cryptocurrency trading.

It backs its operations with an enhanced certificate for communicating public keys, a backup system, and multi-factor authentication. Digivault uses FIPS14-2 validated hardware security modules, certified under ISO27001 standard.

Final Thoughts

XRP may have lost everything before facing the lawsuit, but Digivault has arrived like a hero. People are calling it a welcoming move to recognize XRP amid its legal battle with SEC.

If you plan to spend some time with XRP in the market, you can get more information here about its pricing and prediction.

Introduction

Polygon is a highly appreciated secondary solution of scaling for ETH Blockchain. These solutions work best for the existing network of Blockchain instead of the own Blockchain. If you are among those waiting for the ETH-based decentralized finance (DeFi) and Non-Fungible Token (NFT). The solution of scaling like the Polygon helps in making all things handy and low price. In the case of Polygon, transaction batches are processed on the proof-of-stake.

When it comes to Matic, there are different projects in Blockchain used as a part of conjunction in the Matic network. Polygon had the original name as the Matic Network before the project got its rebranded name in the initial month of 2021. By the end of December 2021, there were 7.16 billions of MATIC coins. These are out of 10 billion in total, the rest which are minted by all stakers.

What is Polygon (MATIC)?

Polygon’s Matic is quite an exciting product that was launched in 2017, and is the native token called as the Polygon. Presently, it is among the top 15 cryptocurrencies and has witnessed the rise by over 30% over the years. Polygon MATIC is the layer-2 solution for scaling designed especially for the ETH, and helps in improving the network’s overall transaction, reducing overall of the transaction, which is known as the Gas Fees. 

Secondly, Polygon is known as the platform helping developers to launch their own sovereign Blockchains, which are the overall advanced modules enabling deployment of the interconnected network of Blockchains. The Polygon Matic is also known as Ethereum’s internet of Blockchains because the aim is to make the scalable solutions supportive for the complete ecosystem of ETH. 

Analysts have aggregated the Polygon (Matic) as the Layer-2 Aggregator, and is aiming to create an ecosystem of multichain ETH using superior interoperability. In other words, Polygon is called the plasma-related aggregator. Stakeholders of Polygon function similarly to PoW miners similar to Ethereum. For the approval of the exchanges, stakeholders will need to lock tokens of MATIC. Block creators can create blocks settling all exchanges available at the network. 

How does Polygon (MATIC) Work?

The Polygon (MATIC) similarly functions just like the Proof-of-stake based blockchains. Right from its client node, token, Local dAPPS, validator nodes, and others are quite similar to different networks. Polygon’s modular system used for the custom networks enables developers to send presets to Blockchain networks using one snap. Moreover, by using Polygon (MATIC) users can use Blockchain with other Blockchain without facing any problems. 

Brief History of Polygon (MATIC)

The journey of the MATIC polygon network began in October 2017, and is an Indian product established after founders identified scalability issues faced by Ethereum users. They wanted to solve issues faced by users of ETH. MATIC is designed to provide proper solutions of scaling designed for ETH, through sidechains and offering complete asset security. It can only happen by using Plasma Framework, which was quite a good product. The rise of Polygon happened by 9th February, 2021, turning it as the bridge between different blockchains and available networks. Overall, MATIC network does around 5 million transactions on a daily basis. Similarly, ETH does around 1.7 million transactions on a daily basis. In the year 2022, Polygon (MATIC) is one such crypto which is showing a good sign of rise, and will play a major role in the Blockchain network ecosystem.

Is Polygon (MATIC) a good Investment?

Polygon (MATIC) is something that one should look forward to in coming months. Here, the blockchain ecosystem network will play a major factor to remain in the market. Thanks to its easy to use network, investors can find it easy for investment and developers to develop in all senses. In the past four years, the Polygon surged quickly giving an exciting plan for investors. Presently, there are 60% of total supply amounting to $14 billion of overall valuation. Also there are over 30,00 users as compared to Ethereum having 26,000 users. If you want to know more about year vise Matic coin future price prediction check expert opinions.

Why is it Important to Ethereum?

Polygon network is built for providing overall a good experience for developers in operating and is in harmony with the Ethereum chain. It is compatible with Ethereum Virtual Machine making it worth it for developers who want a platform for building effective projects. For Etherum users, the Polygon (MATIC) helps in supporting apps and using Solidity language programming. 

Polygon vs. Ethereum- Difference

One of the major differences between Polygon vs Ethereum is building ETH decentralized apps along with blockchains which is quite cheap. Moreover, the NFT is quite fast, also there are no zero gas fees involved in Polygon MATIC. 

Future of Polygon

Over the years, MATIC of Polygon gained a massive backing from investors, and since 2021, the overall price of the crypto increased from $0.01 on 1st Jan to $2.16. It could be quite exciting to see how MATIC token will change the overall price and market of Polygon. 

Conclusion

Looking at the potentials of the Polygon MATIC, there is a good assumption that the platform will rise and solve the blockchain scalability issues. Different developers working on Blockchain will be able to build their own network decentralized in terms of tools and access to the customized options.

Dogecoin starts the year with a fresh start as the first week itself witnessed a large activity. The reports from DogeWhaleAlert state that around 90.3 million of the dog-faced coins have been moved between anonymous wallets in the last 24 hours alone. The total value of the volume moved comes up to 15 million dollars in fiat money. As per the reports, the bulky shift did not happen through a single transaction as the 90 million coins were split between 14 different transactions. The largest of them carried around 15 million dog tokens, while the other transaction transferred between 1 to 8 million tokens.

This is not the first time Dogecoin has had whale activity, as the coin has kept catching the eyes of whales for months now. The significant catalyst for this increased interest came from Elon Musk’s owned Tesla, whose announcement about the acceptance of Dogecoin in the company brought about a 148% hike. Ever since this public act by Tesla, whales have been showing an increased interest in meme-coin.  The current reports show that an impressive amount of Dogecoin has been reserved by the whales. At one point, a whale held around 28% of the total volume of the meme-coin.

These activities promptly follow the forecasts of Dogecoin as a long-term investment model for 2022. Dogecoin has been working towards getting rid of its meme tag for good, and as per the predictions, Dogecoin does not look as volatile as other protocols like Shiba Inu. The coin stands firmly at $0.16 currently. The forecast on https://www.cryptonewsz.com/forecast/dogecoin-price-prediction/ claims that it might even surpass the $0.3 mark by the end of the year. Moreover, with emphasis coming from all around Dogecoin as an optimal candidate for currency for payments, the coin adds a bit more to its basket. As for the long term, the coin is predicted to reach $0.41 by the end of 2023 and is likely to keep the bullish streak to another five years. These predictions well substantiate the interest of whales in this meme-coin lately.

However, the whale activity has not brought any significant hike to the wheel as the coin has lost %0.61 of its trading value. In addition, the coin also posted a downfall in the trading volume, which stayed at 500 million on December 2, as per the reports of Footprint Analytics. Nonetheless, Dogecoin managed to hold its place as the number one meme-coin with a market cap of around 22 billion.

Many people believe that trading digital assets is for a reserved, tech-savvy few. This notion is understandable as many trading platforms and models are arguably not straightforward in terms of platform features and more.

This is not the ideal outlook for the growing digital assets trading ecosystem. TurboXBT, a synthetic digital asset exchange that gives instant profits of up to 90% per trade, wants to change the narrative. By designing very simple processes for onboarding, deposits, trading, and withdrawals, TurboXBT has positioned itself as a next-generation and game-changing brokerage with a very important solution.

What Are Short Term Contract Platforms

It is not uncommon to see trading platforms dedicated to derivatives, options, and futures, but little is known about short-term exchange outfits. While there may be many variations of short-term trading as defined by each brokerage operating in the space.

In all of its variations, short-term contract platforms are those which permit users to take positions in a particular trading pair for a relatively short time span. This time can be different across platforms, but they are quite short, so they help eliminate the risks associated with holding assets for a long period of time.

Short-term contract platforms are gaining ground around the world today; however, identifying the one that is reliable and customer-centric can be a daunting task. 

TurboXBT in the Short Contract Trading World

TurboXBT is relatively new compared with its pairs. One striking uniqueness it introduces is that it permits users to trade on synthetic digital assets-assets that tracks the real price of an investment asset- eliminating the drudgery that comes with holding the real assets they represent.

Contract trading on TurboXBT is bi-directional, and users can either speculate on price uptrend or downtrend. Each contract trading on TurboXBT can remain open for either of the following time frames: 30 seconds, 1 minute, 5 minutes, 10 minutes, and 15 minutes respectively. 

The TurboXBT platform supports a total of 17 digital assets representing various niche markets, including Foreign Exchange, Digital Currencies, Commodities, and Indices. These trading pairs are redesigned to form 38 trading pairs, all of which have their unique payout rate – profitability rate – which can be as high as 90% per trade.

TurboXBT also offers a Demo Account that is attached to all newly registered accounts on the platform. Users, irrespective of their level of experience and exposure, can practice their strategies through this demo before committing real funds to the platform. Trading on TurboXBT can be particularly risky, and all traders are advised to adhere to strict risk management strategies at all times.

The platform takes a different stance from its peers as it provides a no-KYC and a no-Commission policy. While the former provision gives users complete control over their private data, the latter adds more value to the high return on investment that TurboXBT already offers. Another major difference the TurboXBT platform showcases is its affiliate or Revenue Share program. The platform pays out 50% of all earnings made from new traders invited by existing users-for life through this program. This is unique as it is different from the one-off payment on offer by competing platforms out there.

Getting Started

Independent review of the TurboXBT platform has positioned it as one of the simplest short-term trading brokerages in operation today. From its highly friendly user interface to the ease of onboarding (made feasible through the email address and password only), users, irrespective of their geographical locations, are offered the right amount of flexibility that aligns with the core tenets of decentralization.

Once an account is opened and users have the right confidence to commit real funds after utilizing the demo account, a deposit can then be made. This deposit can be made using BTC, ETH, USDT, and USDC, or through credit/debit cards as facilitated by Coinify. TurboXBT charges no commission for this deposit, however, third-party or network fees may apply.

Once the account is funded, users can follow this prompt to place their first trade; the User selects the asset pair to trade, for example, the BTC/USD pair. A suitable time frame that is visible on the chart interface is then chosen, and the trade is executed by clicking either the green UP button for the upward trend or the red DOWN button to bet on price falls. Trade winnings are dependent on whether the traded pair gained or lost in value within the set time limit/period.

The TurboXBT platform is as simple as described, and users can open an account, place their first trade and withdraw in just about 5 minutes. The platform’s appreciation can better be gleaned by trying out the outlined feature and many more by visiting the exchange’s official webpage.

Covesting, the European DLT developer known for their B2B software solutions and partnership with PrimeXBT, has announced a brand new feature within the Covesting copy trading module that helps traders – and more specifically followers – keep more of their unrealized profits.

Here’s the full scoop on what the new take profit feature entails and how both followers and even strategy managers can benefit, and the ecosystem will thrive.

Profits Only Matter When Realized

The best traders know that no amount of winning positions matters if the profits are never booked. Greed is a complex emotion to control. When unrealized profits begin to climb, new traders not used to the signs of exuberance can often watch gains disappear or even turn into losses when the market reverses sharply or unexpectedly. Many learned a hard lesson recently about this exact situation across crypto.

Moving stop losses is one-way traders protect winning positions, but many professional trading platforms also allow for taking profit orders to be added to positions that close in profit when a specific target is reached.

The concept is similar to the new Covesting Take Profit feature, except it allows followers to book profits from a successful strategy before they’re lost – and more importantly, without having to stop following the strategy.

How Covesting Creates Winners

Covesting is a peer-to-peer copy trading community where followers can sift through a massive list of strategy managers searching for gold. Rather than needing to know markets, maintain emotional control, and manage positions or perform technical analysis, followers can copy the trades of strategy managers.

Followers know which strategies are best suited for their personal risk appetite or profit goals by reviewing the module’s fully transparent success and risk metrics. Stats are updated regularly, and strategies are ranked by total profit. There’s also a five-star system to sort out the safest and highest quality traders.

The Covesting software imposes certain limits and parameters to how much initial follower’s equity one strategy manager can trade with for risk purposes and to encourage diversification across other strategies. This means when a strategy fills up entirely with capital, that’s it until either the strategy manager increases that limit or a follower stops following and frees up space.

Why The Take Profit Feature Is Valuable

Taking profit previously meant stopping following a strategy, which also could lead to losing the slot with that strategy manager. Rather than choosing between current profits or future profits, the new Take Profit feature allows for both.

The Take Profit feature activates once a strategy has 5% or more in unrealized PnL. Triggering the Take Profit feature books those profits stops the following, adds the earnings to the account wallet, then instantly restarts the following to ensure the space with that strategy isn’t lost.

Beyond the apparent benefits of booking more profits more consistently, it also means fewer profits are lost due to dwindling unrealized PnL during drawdowns or the market going in the opposite direction of strategy manager positions.

Take Profits To The Next Level With COV Staking

Booking more profits more often benefits the strategy manager also. When profits are booked, commissions and fees are taken and awarded to the strategy manager based on the current offer or any account level utilities activated by COV token staking.

Because the strategy manager will receive their success fees faster, they can grow their capital size or use profits to activate COV token staking features.

COV token staking, for example, can increase the profit share for followers and reduce trading fees for strategy managers. The Take Profit feature does cause the follower to incur another 1% new following fee. However, that fee can be eliminated with any level of COV token staking memberships.

The Take Profit feature is already live on the Covesting copy trading module at PrimeXBT. It is the latest example of how the Covesting team aims to bolster the profitability of users and ensure the safest possible trading environment across the ecosystem.