What Is a DEX❓
How Decentralized Crypto Exchanges Work?
Decentralized crypto exchanges (DEXs) are blockchain-based apps that coordinate large-scale trading of crypto assets between many users. They do that entirely through automated algorithms instead of the conventional approach of acting as a financial intermediary between buyers and sellers.
▪️The algorithms that DEXs use are examples of smart contracts.
They are pieces of code written on top of blockchain networks like Ethereum that trigger various outputs when given specific inputs.
How Decentralized Crypto Exchanges Work?
Decentralized crypto exchanges (DEXs) are blockchain-based apps that coordinate large-scale trading of crypto assets between many users. They do that entirely through automated algorithms instead of the conventional approach of acting as a financial intermediary between buyers and sellers.
▪️The algorithms that DEXs use are examples of smart contracts.
They are pieces of code written on top of blockchain networks like Ethereum that trigger various outputs when given specific inputs.
PayPal may soon start accepting all forms of cryptocurrencies😱
PayPal, known worldwide as one of the leading online payment systems, will soon accept all forms of cryptocurrencies and blockchain products.
The announcement comes two years after the company rolled out support for the world's leading cryptocurrency, Bitcoin, on its platform in the United States.
👾The introduction of cryptocurrencies into the platform means that they can also be used as payment.
PayPal may also launch its own stablecoin, PayPal Coin.
PayPal, known worldwide as one of the leading online payment systems, will soon accept all forms of cryptocurrencies and blockchain products.
The announcement comes two years after the company rolled out support for the world's leading cryptocurrency, Bitcoin, on its platform in the United States.
👾The introduction of cryptocurrencies into the platform means that they can also be used as payment.
PayPal may also launch its own stablecoin, PayPal Coin.
What is the level of fear and greed?
The behavior of crypto market players is very emotional🥹
People get greedy when the market rises, leading to the formation of FOMO (Forgone Profit Syndrome).
➕In addition, people often sell their coins, irrationally reacting to red numbers in exchange rates. The developers of the Fear and Greed Index are trying to save users from emotional overstrain.
There are two basic assumptions: Extreme fear can be a sign that investors are overly concerned.
It could be an excellent opportunity to buy an asset. When investors become extremely greedy, a correction is needed in the market.
The Fear and Greed Index analyzes the current market sentiment and represents it as a simple number between 0 and 100. 0 means "Extreme Fear," and 100 means "Extreme Greed."
The behavior of crypto market players is very emotional🥹
People get greedy when the market rises, leading to the formation of FOMO (Forgone Profit Syndrome).
➕In addition, people often sell their coins, irrationally reacting to red numbers in exchange rates. The developers of the Fear and Greed Index are trying to save users from emotional overstrain.
There are two basic assumptions: Extreme fear can be a sign that investors are overly concerned.
It could be an excellent opportunity to buy an asset. When investors become extremely greedy, a correction is needed in the market.
The Fear and Greed Index analyzes the current market sentiment and represents it as a simple number between 0 and 100. 0 means "Extreme Fear," and 100 means "Extreme Greed."