What currencies are being speculated on?

Coin speculation covers a variety of currencies, including: Bitcoin (BTC) Ethereum (ETH) Stablecoins (USDT, USDC, BUSD) Altcoin (Altcoin) Tokens (Token) including functional coins, privacy coins and governance Coins and other subcategories. The currency speculation market continues to expand and new currencies continue to emerge. Investors need to carefully evaluate the risks and returns of each currency.

#What currencies are covered by currency speculation?

Currency speculation refers to the trading behavior of buying and selling digital currencies to obtain profits, which involves a wide range of currencies. The following are some common currencies used in currency speculation:

Bitcoin (BTC)

Bitcoin is the first and most famous cryptocurrency. It has the largest market capitalization and trading volume and is considered the benchmark for digital currencies.

Ethereum (ETH)

Ethereum is a decentralized platform that allows developers to build and run smart contracts on it. ETH is the platform’s native token and is used to pay transaction fees and participate in network management.

Stablecoins (USDT, USDC, BUSD)

A stablecoin is a cryptocurrency that is pegged to a fiat currency, such as the U.S. dollar. They are designed to provide price stability, making them ideal for payments and hedging.

Altcoin

Altcoin refers to all other cryptocurrencies except Bitcoin and Ethereum. They can have different uses and technical bases, including:

• Function Coins: Coins that provide specific functions or services, such as Filecoin (storage) or Polkadot (interoperability) ).
• Privacy coins: Coins that focus on anonymity and privacy, such as Monero and Zcash.
• Governance currency: A currency that allows holders to participate in project governance and decision-making, such as MakerDAO’s MKR and Uniswap’s UNI.

Token

Token is a digital asset that runs on a specific blockchain platform and can represent various assets or rights. , for example:

• Utility Tokens: Tokens used to access or use a specific platform or service, such as Chainlink’s LINK and Basic Attention Token’s BAT.
• Security Tokens: Tokens that represent real-world assets, such as stocks or bonds.

It should be noted that the number of currencies available in the currency speculation market is constantly increasing, and new currencies are constantly emerging. Investors should fully understand the purpose, technical basis and risk profile of each currency before trading.

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