UEFA EURO 2024 Continues – Quarterfinals

The 2024 European Championship is gradually moving towards its conclusion, with the quarter-finals currently underway, though, regrettably, the Georgian national team has been eliminated.

Despite this, Georgian fans can still enjoy the tournament, thanks to Cryptal, the broadcast sponsor in Georgia.

In this blog, we discuss our crypto team, focusing on one of its key components - the midfield.

The midfield features Litecoin, Tron, and Ripple. Discover why these cryptocurrencies deserve this spot and how their roles relate to real football positions as you read on.

Crypto Midfield

Over the past week, we've explored crucial football positions like goalkeeper and defense, highlighting popular cryptocurrencies such as Bitcoin, Ethereum, USDT, Solana, and others.

Today, we'll focus on another vital position with a unique and slightly different role in football.

The midfield acts as the bridge between defense and attack, requiring a blend of specific qualities. These attributes are what set apart the digital assets in our crypto lineup.

Ripple, Litecoin, and Tron are key cryptocurrencies, fitting for the starting lineup, with numerous people trading these digital assets daily.

Litecoin (LTC)

Litecoin is a crucial member and central midfielder of our crypto lineup. To excel in this position, a player must possess two key qualities: the ability to support the attack and the ability to defend.

Similarly, Litecoin is used in transactions due to its purpose and properties, while also being a secure and protected digital asset.

What features does Litecoin have?

• Fast transactions - Each new block in the Litecoin network is created in an average of 2.5 minutes, providing faster transactions compared to Bitcoin's 10-minute interval. Speed is crucial for a midfielder.
  
• Low fees - Compared to Bitcoin or other cryptocurrency networks, Litecoin has much lower fees, making it an efficient and practical digital asset. This efficiency is a vital quality for a central midfielder.
  
• Wide distribution - Litecoin is widely available on crypto exchanges, including Georgian Cryptal, Mycoins, as well as international platforms like Binance. Additionally, Litecoin is increasingly accepted by businesses as a payment method. Wide distribution is important for a midfielder, who must cover large and wide spaces on the field.
  
• Decentralization - Like most cryptocurrencies, Litecoin is decentralized, meaning it does not have a single, central governing body. Decentralization ensures security. Moreover, Litecoin is based on the Proof-of-Work algorithm, which provides additional security. Similarly, a central midfielder must combine multiple roles, including defending against the opposing team's attacks.

Tron (TRX)

Like Litecoin, Tron is an exceptional member of our crypto lineup's midfield, possessing all the qualities needed for a strong midfield presence and serving as an effective cryptocurrency for various uses, including trading, investing, voting, and more.

Tron plays the role of the right midfielder in our crypto team, where speed, security, and versatility are essential.

What features does Tron have?

• High throughput - Tron's blockchain can process and confirm thousands of transactions per second, a unique feature in the vast cryptocurrency world. Agility is crucial for both a midfielder and a nimble cryptocurrency.
  
• Decentralized applications - Tron's network allows developers to create decentralized applications and use Tron as the primary currency for these applications. Tron supports other programs, mirroring the midfielder's role in connecting defense and attack.

Ripple (XRP)

The third and final midfielder in our crypto set is the well-known cryptocurrency, Ripple (XRP). XRP possesses all the qualities that a true cryptocurrency enthusiast seeks.

If you need a mobile, efficient, and versatile cryptocurrency, XRP is the one to rely on.

What features does Ripple have?

• Fast transactions - Like the other cryptocurrencies, Ripple offers fast transactions, with transfers taking about 3 to 5 seconds.
  
• Volume - Besides speed, Ripple's blockchain excels in handling large transaction volumes. The network can process up to 1,500 transactions per second, far surpassing many other cryptocurrencies.
  
• Liquidity - Ripple is one of the most popular cryptocurrencies globally, available on numerous crypto exchanges. This means you can buy XRP easily, without delays, whenever you need it.

How to Buy Crypto?

Even if you're not a football team owner or a national team coach, you can still assemble your own midfield trio.

If you're interested in purchasing cryptocurrencies, Cryptal offers the easiest way with low fees and high speed, whether you're an experienced trader or new to cryptocurrencies.

You can buy cryptocurrencies on our platform using two methods: Convert and Spot Trade.

Convert – Buying Crypto Instantly

The Convert feature allows you to purchase crypto instantly, designed for newcomers to the cryptocurrency industry who want to acquire digital assets quickly and effortlessly.

In brief, with just a few clicks:

• Enter Cryptal.
• Select "Buy Crypto."
• Choose your desired cryptocurrency and stablecoin, such as Ripple, Solana, or Tron.
• Specify the amount of cryptocurrency you wish to purchase.
• Click "Buy"

Spot Trade – Buying Crypto with the Best Price

The primary function of crypto exchanges is facilitated through the existence of a spot exchange. Here, users convene to buy and sell cryptocurrencies, exchanging their desired digital assets in a secure and convenient environment.

The operational principle of a Spot exchange is consistent across platforms and involves the following steps: placing an Order on the platform where you specify the amount of Ripple you wish to purchase and the price you are willing to pay. Subsequently, you await a matching seller who accepts your conditions—someone prepared to sell Ripple at a price acceptable to you.

It's worth noting that exchanges offer two additional features to streamline the process:

A. Market Order: This function automatically secures the best available market price for your desired cryptocurrency.

For instance: if you want to buy Ripple and there are 10 sellers offering XRP on the exchange, the system will automatically identify and present you with the optimal selling price.

B. Limit Order: With this feature, you specify a price range within which you are willing to buy crypto. The exchange then searches for sellers offering the cryptocurrency within your defined limits. Once a suitable price is found, the purchase order is executed automatically.

For example: if you intend to purchase 10 units of Ripple and are willing to pay between $40 to $50 per unit, the exchange will locate and execute the purchase within that specified price range, provided such an offer is available.