COPYRIGHT_TNB: Published on https://www.thenigerianblogger.com/crypto/ by - on 2022-04-02T14:20:48.564Z
Cryptocurrency has become a buzzword in Nigeria in recent years. The adoption of digital currencies has grown exponentially, especially among the youth. In this article, we'll explore the state of crypto in Nigeria, its benefits, and the challenges it faces.
Which Was The Best Crypto To Invest In 2023? The Critical Things For Cryptocurrency Investors In Nigeria
If you want to learn how to invest in crypto currency in Nigeria, you'll have to choose from over 17,000 different cryptocurrencies and 462 different trading platforms. Narrowing down your options to just the finest crypto to invest in for the long run can assist you in determining which coin to buy right now. In this article, we'll go over the important takeaways for investing in crypto in Nigeria, as well as some of our thoughts on the best crypto to invest in 2022 and some of the smartest crypto to invest in.
Nigeria Into The Cryptoverse - More Than A Third Of Nigerians Have Invested In Bitcoin And Other Cryptocurrencies
KuCoin, a renowned cryptocurrency exchange, recently published a paper titled "Into The Cryptoverse," in which they discussed the adoption of Bitcoin and other cryptocurrencies by different countries' populations. Nigeria into the cryptoverse, why, because Nigeria is the most remarkable among them, with 33.4 million adults aged 18–60 owning or trading bitcoin or another cryptocurrency in the last six months.
If you're a crypto enthusiast in Nigeria, you've most likely heard someone mention it this year. It may be someone on social media bragging about how much money$ they've made with cryptocurrency. How do I even acquire cryptocurrency in Nigeria? ", you're undoubtedly asking yourself. You've arrived at the correct location.
Stablecoin holders around the world including Nigeria, expressed their sadness as Terra Luna crashes. Today's LUNA to NGN or Naira rate is 8,725.71, down - 56.2 percent from yesterday's rate of 19,912.59. As of May 9, 2018, the so-called stablecoin TerraUSD (UST) was no longer tied to the US dollar after nearly 18 months of maintaining a stable value.
UST drops peg based on a recent report. Terra's UST, the third-largest stablecoin by market cap, dropped to $0.69 in Monday trading. According to CoinMarketCap statistics, this is an all-time low, even after the Terra-supporting Luna Foundation Guard pushed a $1.5 billion loan to shore up the currency. The quoted price on Coinbase dropped as low as $0.65.