Price of ethereum and other main cryptocurrencies for this May 11

Price of ethereum and other main cryptocurrencies for this May 11
Price of ethereum and other main cryptocurrencies for this May 11

Cryptocurrencies are characterized by using blockchain networks, not physically existing and lacking regulation. (Getty Images)

Digital currencies have experienced an up and down in recent times, as certain billionaire figures – such as Elon Musk – and governments have chosen to give them a boost as legal tender, but they have also presented some setbacks such as the “cryptocrash”, which occurred at the beginning of May of 2022 that put many cryptocurrencies in check.

Despite this panorama, more and more people are choosing to buy cryptocurrencies in the hope of having a medium and long-term investment, despite the volatility that characterizes them.

This is the price of the main cryptocurrencies for this May 11.

He bitcoin It is trading this day at $60,616.61, which implies a change of -3.86% in the last few hours.

The second most popular digital currency on the market, ethereumhas shown a movement of -4.56% in the last 24 hours, so its value is located at $2,897.71.

About Tether USis trading at $1, so on the last day it had a movement of -0.02%.

For its part, BNB has a value of 588.99 dollars, with a change of -1.18%, while the litecoin It does the same with 80.81 dollars after a variation of -2.7%.

Finally, the dogecoinone of the virtual currencies that Elon Musk himself has promoted, has a value of $0.14 after presenting a change of -5.96% in the last 24 hours.

From bitcoin to dogecoin, the simplest and safest way to buy crypto is through online platforms, popularly known as exchanges. Some of them offer virtual wallets and mine the assets in exchange for a commissionso that the buyer does not worry about implementing strategies every day to increase profits and simply reviews what has been generated.

Investing or buying in cryptocurrencies is easier than it seems. It must be remembered that these are virtual currencies, so they will be controlled in wallets or purses that share this particularity, because unlike ordinary money, they are not a physical object.

There are several platforms for exchangesamong the most popular are Binance and Coinbase, which can be easily located from a search engine like Google. Once in place, you must select the registration option and choose the payment method to make purchases of the cryptos you want, since they offer several with different denominations in the market. We must not forget that they are volatile, so it is important to always take their current value into account.

Cryptocurrencies in Mexico: The Bank of Mexico (Banxico) has determined that none of the institutions that participate in the national financial system may use or must allow operations of any kind through this means of payment.

However, a study carried out in 2022 by the Finder firm shows that in the country there are around 12 million Mexicans who own cryptocurrencies, with 59% men and 41% women.

In Mexican territory, businessman Ricardo Salinas Pliego, one of the richest in the country, has shown interest in cryptocurrencies and has assured that several of his businesses will accept bitcoin in the future, including his bank; So far one of his most popular stores already does it.

A representation of cryptocurrencies. (REUTERS/Dado Ruvic/Illustration/File Photo)

Cryptocurrencies in Peru: The Central Reserve Bank of Peru (BCR) has made it clear that its mission is not to be the first or the second central bank to regulate the use of cryptocurrencies, due to the instability that characterizes them. However, days ago the president of the (BCR) assured that the BCR was working on its own digital currency project.

Cryptocurrencies in Colombia: In the South American nation there are more than 500 places where it is allowed to pay with cryptocurrencies. Colombia ranks 14th among 26 cryptocurrency adoption countries, according to Finder’s report.

Cryptocurrencies in Central America: in the government of The Saviorhas given him his vote of confidence and on June 9, 2021 became the first country to legalize bitcoin as legal currency. Additionally, President Nayib Bukele announced his intention to create the first Bitcoin City in Conchagua and it would be financed through tokenized bonds backed by bitcoin.

When creating a cryptocurrency it is important to first determine what you want to have: a coin or token. The first uses its own blockchain, while the second is based on a pre-existing network.

According to the Binance site, to create a cryptocurrency you need a large team of developers and experts; while for the token technical knowledge is required but it is possible to create it in minutes through the use of other blockchains like Ethereum or BNB, which are the most popular.

The creation costs, the time required and the use of labor will depend on whether you choose to make a virtual currency or a token. In the latter case you can also use a set code to create tokens or pay to use a coin creation service.

It is important to know that before creating a cryptocurrency, its usefulness and legal status must be considered.

In the case of choosing to create a cryptocurrency, then a blockchain must be chosen, subsequently a plan must be made according to the operation and functionality of the blockchain to design the nodes and interface.

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