... year. However, such a powerful rally does not rule out short-term corrections, prompting investors to exercise caution as they assess risks and avoid excessive euphoria. Ethereum and Altcoins Reach Multi-Year Highs Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to grow confidently in price. The ETH price remains above $4,000, reaching a new local maximum in the last few years. The positive dynamics of Ethereum are influenced by the successes of decentralized finance (DeFi) ecosystems and non-fungible tokens (NFTs), as well as ongoing ...

... blockchain platform. Solana has significantly recovered from technical failures in 2022 and is nearing record levels. Anticipation of approval for the first ETFs based on Solana is boosting investor interest in the coin. Dogecoin (DOGE) – The largest meme cryptocurrency, priced around $0.24. Initially created as a joke, Dogecoin gained wide recognition through its online community and support from prominent entrepreneurs. DOGE remains highly volatile; however, it continues to rank among the market leaders by capitalization....

... losing money or facing significant financial losses when the value of one electronic currency decreases is minimized. Avoid investing all available funds at once. It is recommended to divide the amount into several parts and gradually start acquiring cryptocurrency. In the event of a price drop, subsequent purchases can be made at a lower price, subsequently reducing the average cost. When buying cryptocurrency, it is important not only to decide which currency to purchase but also where the transaction will take place. Gathering ...

... larger venues or exit the market altogether. Dependence on the Market Value of Cryptocurrencies Since income from mining will be evaluated at the market value of cryptocurrencies at the time generated, this creates dependence on the volatility of the cryptocurrency market. Significant price fluctuations may make the tax burden unpredictable, necessitating careful accounting and planning. Long-term Prospects The amendments to the law open new prospects for the development of the mining sector in Russia. Clear regulation of taxation ...

... July, the cryptocurrency market is experiencing a phase of consolidation at the beginning of August. The total market capitalization of digital assets, which exceeded $4 trillion in mid-July, has retreated to approximately $3.8 trillion amid widespread price declines in the last session of the week. All top-10 cryptocurrencies by market capitalization ended Friday in the red, signaling profit-taking by investors after an impressive rally. Part of the current decline can be attributed to active selling at key levels — Bitcoin's recent surge to ~$114K has made ...