CoinCarp Blog

  Inflation is the process through which a currency's value depreciates over time, leading consumer goods prices to rise. Because most economists feel that some inflation is beneficial to the economy, the United States government, for example, has issued far more money than consumers require for decades. Inflation occurs when the value of a currency, such as the dollar or the Euro, depreciates over time, causing the cost of commodities to rise.  Bitcoin  (and a few other cryptocurrencies) are built to have predictable and low inflation rates. One feature that has attracted investors to cryptocurrencies, notably Bitcoin, is the belief that they are more resistant to inflation than fiat currencies like the US dollar. Bitcoin, on the other hand, has risen in value far faster than the US dollar has fallen in value, rising from near zero in 2010 to over $67,500 in late 2021. (Because Bitcoin is such a volatile market, it has witnessed huge rises and falls, but the overall tren...

What Are Cryptocurrency Charts? Cryptocurrency Charts is a snapshot of the historic and current price movements over a specific timeframe, ranging from seconds to minutes, days to weeks, and even months, years and more. The price movements are represented as a line, graph, area, bar charts, Japanese candlesticks and others. Time Frames for Crypto Charts The popular time frames that an analyst considered are: 15-minute chart Hourly chart  4-hour chart Daily chart How to Calculates the Cryptocurrency Market Cap? Market Cap = Total Circulating Supply x Price of each coin This is an excellent indicator of the stability of the coin. For example: As you can see, this coin's market cap is pretty stable for one month. Now compare with another coin. As you can see, this is more volatile than the above coin. How to Read Cryptocurrency Charts? "Basic" Charts You can see such "basic" charts on the price tracking website such as  CoinCarp . Here is some information you can s...

  What Is a Stablecoin？ A stablecoin is a new type of cryptocurrency that offers price stability, fixed value, and is backed by a reserve asset. Generally, most cryptocurrencies are quite volatile, because they're decentralized and not related to any government or organizations and the prices depend on supply and demand in the market. In contrast, to realize the security and privacy of payments of cryptocurrencies, and volatility-free stable valuations, stablecoin is usually backed by fiat, commodity, crypto, or algorithmic (not backed). How Many Categories of Stablecoin? Fiat-Collateralized stablecoins: They are off-chain assets that are backed 1:1 by fiat currency. They can be traded on exchanges and are redeemable from the issuer. Some examples of Fiat-Collateralized stablecoins: TrueUSD (TUSD), USD Tether (USDT), USD Coin, Diem Commodity-Collateralized stablecoins: They are off-chain assets that are back by commodities such as oil and gold. They are redeemable for such (more or...

What Is Bitcoin? Bitcoin is the first digital form cryptocurrency without physical shape that was announced in 2008 (and launched in 2009). No central bank or any other organization controls it, but only balance kept on a public ledger by thousands of computers distributed around the world. Anyone in the world can access the ledger and participate in the ecosystem by downloading open-source software. People can send and receive Bitcoin to anybody at any time, from anywhere. Also, the features of can't be censored and counterfeit makes it popular around the world. Thus, the popularity of Bitcoin triggers the launch of thousands of other cryptocurrencies, so-called altcoins. A large sum of people using the currency as an investment. However, some people criticized its use in illegal transactions(such as money laundering), the large amount of electricity used by mining, price manipulation, thefts by hackers, and extortion. Some economists and commentators have characterized it as a sp...