The term cryptocurrency is often known as crypto or crypto-currency. A cryptocurrency is a form of currency that exists digitally or virtually and secures transactions with cryptography.
The annual percentage yield (APY) is your return on an investment over a year. It takes into account the interest you earn on top of what you put in at the beginning.
Cryptocurrency is worth more if there are more people who want it than there are who have it. When a cryptocurrency is useful, people want to own more of it, which drives up the demand.
The volume of crypto trading is a way to track how many times a coin changes hands in a certain amount of time. Investors look at the volume of trades on a particular crypto exchange or on all exchanges together.
According to that website, the cryptocurrency has been defeated 24 times so far this year. In 2021, it was defeated 47 times, and in 2020, it was defeated 14 times.
If you want to know how to invest in cryptocurrency, our step-by-step guide for beginners will tell you everything you need to know.