Crypto Q&A

TTcoin Network (TC) is currently priced at approximately $0.000161 USD, with a 24-hour trading volume of about $250,517. Its market capitalization stands at roughly $366,489, and it has a circulating supply of around 4.92 billion TC. The price of TC has increased by about 1.02% in the last 24 hours.

Trading indicators are mathematical calculations displayed on charts that help cryptocurrency traders analyze market trends and price behavior. These tools assist in identifying patterns, momentum, volume, and volatility within the market. By visually summarizing various technical data, indicators aim to provide insights that inform trading decisions.

Trading slippage is the difference between a trade's expected price and its actual execution price. This phenomenon commonly occurs in volatile markets or when executing large orders, primarily due to insufficient liquidity. Consequently, a trade may be executed at a less favorable price than initially anticipated by the trader.

USDT is typically sold by exchanging it for other cryptocurrencies or fiat currencies. This process commonly takes place on cryptocurrency exchanges, peer-to-peer (P2P) platforms, or via over-the-counter (OTC) desks. As a stablecoin pegged to the US dollar, USDT's stability makes it a popular asset for traders managing volatile crypto positions.

Ponke's value is intrinsically defined by its community engagement and cultural hype. As a community-driven memecoin and internet culture brand, its viral "degenerate gambler monkey" mascot embodies its appeal. This collective participation and cultural resonance, crucial for its initial Solana launch and Base expansion, drive the project's value and ecosystem development towards the "Ponkeverse."

A Bitcoin Systematic Investment Plan (SIP) involves investing a fixed amount into Bitcoin at regular intervals, like weekly or monthly, instead of a lump sum. This approach, similar to dollar-cost averaging, mitigates volatility by purchasing more Bitcoin when prices are low and less when high. Consistent investments build holdings over time, aiming to reduce the average cost per unit.

Bitcoin mining in India operates in a legal "grey area" due to the absence of explicit laws. While cryptocurrencies are not legal tender, trading and investing are permitted and taxed. The Indian government is reportedly considering a regulatory framework for digital assets, which aims to clarify the future legal status of mining activities.

Coinbase's Base, an L2 blockchain solution, scales Ethereum and reduces transaction costs by utilizing rollup technology for more efficient transaction processing. It maintains compatibility with Ethereum's infrastructure and notably uses Ethereum (ETH) for gas fees, choosing not to have its own native token.

XCN (Onyxcoin) is Onyx Protocol's native cryptocurrency, serving as its economic engine. It functions as both a utility token for payments and a governance asset, enabling community decisions and access to ecosystem services. XCN powers the Onyx Ledger, an L3 blockchain built on Ethereum and Base, as its native gas token, enhancing scalability for decentralized financial services.

Virtual currency is a digital representation of value, lacking physical form and stored electronically. Typically unregulated, it is not issued or guaranteed by a central bank or public authority. Instead, virtual currency is accepted as a means of exchange within specific virtual communities or by certain individuals and entities.

Ultron Coin (ULX) is the native utility coin of the Ultron Blockchain, a Layer 1 solution. Designed for high throughput, fast transaction speeds, and low transaction costs, ULX functions to secure the network through staking, facilitate network fees, and power its ecosystem of native decentralized applications (dApps).

Post-2022, India taxes crypto gains at a flat 30% under Section 115BBH, allowing no deductions except acquisition cost. Additionally, a 1% TDS is applicable on Virtual Digital Asset sale consideration for transactions exceeding specified thresholds, as per Section 194S. This tax framework was introduced in the Union Budget 2022.

Switch enables global crypto-fiat payments through its blockchain-based financial services ecosystem. This ecosystem provides payment solutions for both traditional fiat currencies and cryptocurrencies worldwide, supported by a decentralized network of nodes. The associated SWITCH token functions as an ERC-20 token and is also available as a Web3 coin on the Solana blockchain.

SUN powers TRON's DeFi ecosystem by advancing decentralized finance within the TRON blockchain. Serving as a governance and utility token on the SUN.io platform, it supports the TRON protocol. SUN integrates features such as token swaps, yield farming, and stablecoin swaps, thereby contributing to TRON's aim of establishing a decentralized internet environment.

Social trading empowers new investors by enabling them to observe and replicate experienced traders' strategies and market moves via online platforms. This approach facilitates sharing insights and performance data, and sometimes allows automatic trade copying. Consequently, less experienced traders can learn from and potentially benefit from the expertise of seasoned market participants.

A trading Point of Interest (POI) is a specific price level or zone on a chart where traders anticipate a significant market reaction. These points often represent areas of high trading activity or expected changes in price direction. POIs can include technical indicators such as support and resistance levels, order blocks, or fair value gaps.

Project PAI secures user-mimicking 3D AI forms, called Personal Artificial Intelligence (PAI), by authenticating and securing them on the blockchain. These intelligent avatars replicate users' appearance, voice, and behavior. PAI Coin, the cryptocurrency for this open-source initiative, launched its mainnet on February 23, 2018.

Nexa is a 2022 proof-of-work, UTXO Layer-1 blockchain by Bitcoin Unlimited, designed for global peer-to-peer usage. It achieves scalability through hardware optimization and technologies like Graphene and Xthinner, addressing transaction bottlenecks. This network also supports native tokens and smart contracts.