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What currencies are not easy to get stuck in currency circle con
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Date:2024-06-18 19:26:22 Channel:Wallet Read:
In today's booming digital currency, contract trading has become one of the most popular topics in the currency circle. People are keen to explore which currencies are not susceptible to malicious damage in contract trading to ensure investment security. This article will explore this topic in depth and uncover the secrets behind the mysterious currencies that are not easily plugged in in the currency circle contract trading.
In the currency circle contract trading, some currencies are considered to be less susceptible to malicious plug-ins due to their unique technology and mechanism. As one of the earliest cryptocurrencies, Bitcoin's decentralized nature makes it relatively safe in contract trading. Because Bitcoin's blockchain network is large and stable, it is difficult for attackers to tamper with transaction records or manipulate market prices. In addition, Bitcoin has strong computing power support, making it difficult for malicious behavior to succeed.
Ethereum is another popular contract trading platform, and its smart contract function provides developers with a wealth of application scenarios. Ethereum's blockchain technology and virtual machine system greatly improve the security and reliability of transactions. Through smart contracts, users can create various decentralized applications on Ethereum, and the security of these applications is also effectively guaranteed.
In addition to Bitcoin and Ethereum, Polkadot has also attracted much attention as an emerging blockchain project. Polkadot achieves higher transaction throughput and security through its unique parallel chain architecture and consensus mechanism. Polkadot's governance mechanism and cross-chain interoperability make it a major advantage in contract transactions that are not vulnerable to attacks.
In the currency circle contract transactions, in addition to technical factors, community support and strict supervision are also important factors to ensure the security of currency. Projects such as Bitcoin, Ethereum and Polkadot have a large community of members who jointly maintain the stable operation of the project. At the same time, the intervention and regulation of regulators also provide certain guarantees for contract transactions, preventing the risks of malicious plug-ins and market manipulation.
In summary, currencies that are not easy to be plugged in in currency circle contract transactions often have a stable technical foundation, strong community support and strict supervision mechanisms. Projects such as Bitcoin, Ethereum and Polkadot have outstanding performance in this regard and have become a safe choice in the eyes of investors. With the continuous development and improvement of blockchain technology, I believe that more safe and reliable currencies will emerge in the future, bringing more opportunities and vitality to the contract trading market. Let us look forward to the bright future of the digital currency world together!
The four most famous international exchanges:
Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL
Note: The above exchange logo is the official website registration link, and the text is the APP download link.
Speaking of pinning, many people may not know about it. Pinning is a sudden surge and then a sharp drop, or a direct drop and then a rapid recovery. The trend chart looks like a needle. Pinning has little impact on spot trading, but for contract accounts, once a pinning occurs, it is very likely to trigger the forced liquidation mechanism. Therefore, the most concerned issue for investors in contract trading is which coins are not easy to pin in the currency circle contract trading? At present, mainstream coins with high market value such as BTC and ETH are not easy to pin. The following is a detailed introduction of the currency circle editor.
Which coins are not easy to pin in the currency circle contract trading?
The coins that are not easy to pin in the currency circle contract trading are mainly mainstream coins with high market value, such as BTC, ETH, SOL, BNB, USDT, etc. The following is a detailed introduction of the currency:
1. BTC
The current market value of BTC is 1.34 trillion US dollars
The concept of Bitcoin (BitCoin) was first proposed by Satoshi Nakamoto in 2008. According to Satoshi Nakamoto's ideas, the open source software designed and released and the P2P network built on it. Bitcoin is a P2P digital currency. Point-to-point transmission means a decentralized payment system.
2. ETH
The market value of ETH is $421.36 billion
Ethereum (English: Ethereum) is an open source public blockchain platform with smart contract functions. Through its dedicated cryptocurrency Ether (Ether, also known as "Ether"), a decentralized virtual machine (called "Ethereum Virtual Machine") is provided to process point-to-point contracts.
3. SOL
The market value of SOL is $76.029 billion
SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to verify transactions. As part of Solana's security design, all fees will be paid in SOL and burned, thereby reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to participate in the stake, thereby improving network security.
4. BNB
The market value of BNB is $87.44 billion
Coin is a token issued by, referred to as BNB, which is a decentralized blockchain digital asset based on Ethereum Ethereum. The total issuance is constant at 200 million. BNB will be destroyed every quarter according to the transaction volume of the Binance platform in that quarter. The destruction record will be announced as soon as possible. Users can query it through the blockchain browser to ensure openness and transparency until the total amount of BNB coins is destroyed to 100 million.
5. USDT
The market value of USDT is 85.62 billion US dollars
USDT is Tether's token Tether USD (hereinafter referred to as USDT) based on the stable value currency USD (USD). 1 USDT = 1 US dollar. Users can use USDT to exchange USD at any time. Tether strictly abides by the 1:1 reserve guarantee, that is, for every USDT token issued, its bank account will have a fund guarantee of 1 US dollar.
Is the coin circle plugging in and can't fall anymore?
The coin circle plugging in does not necessarily mean that it can't fall. In the coin circle, plugging in refers to the price of a certain cryptocurrency fluctuating, the price rises or falls rapidly at a certain point in time, and then quickly returns to the normal price level. This phenomenon ends in an instant, and it cannot be kept up by human operation, and it will not affect the overall quotation of the market. Once a spike occurs, users may be forced to liquidate their positions, causing serious losses.
Therefore, a spike does not mean that the price can no longer fall, but is a manifestation of violent market fluctuations. At the same time, the exchange will use a professional matching engine to handle transactions to cope with violent market fluctuations and ensure that transactions are executed at the best price.
Generally speaking, the situation of a spike has no effect on spot transactions, because the price change caused by the spike is instantaneous. If it is operated by humans, it is impossible to keep up in such a short time, and it will not affect the market quotation. Moreover, this is an on-site price change of the exchange, and other exchanges will not have a spike at the same time.
Of course, if you have placed an order with an extremely high or extremely low price in advance, you may sell or buy coins at an incredible price when a spike occurs, but the probability is about the same as winning the lottery.
However, for contract leverage accounts, because they all have positions, once the price changes sharply, the forced liquidation mechanism may be triggered. Many exchanges use their own "on-site transaction price" as the basis for measuring position risks. Therefore, once a spike occurs, users will be forced to liquidate their positions, causing serious losses.
In fact, there are many reasons for "plugging". It may be that the trading depth of the exchange is not enough, which leads to plugging, or the trading mechanism of the exchange is not perfect. It may even be that the price is manipulated artificially. Therefore, many contract traders hate "plugging" and get very excited when they hear plugging, because they often think that the reason for plugging is that the exchange is maliciously manipulating prices for profit.
All the above content is the answer to the question of which coins are not easy to be plugged in the contract trading of the currency circle. The main reason for plugging in the currency circle is that traders pursue maximum benefits and the cryptocurrency market is highly volatile. The large fluctuations in prices provide opportunities for plugging. Plug-ins have an impact on the market and investors, but the main impact is short-term. Therefore, as an investor, you should pay attention to the fundamentals of the project, market trends, macroeconomic factors and other factors, and formulate a suitable investment strategy, rather than over-focusing on short-term price fluctuations or plug-in behavior.
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