Why Invest in cryptocurrency now
Introduction to the Benefits of Investing in Cryptocurrencies
Is cryptocurrency a wise investment?
The emergence of cryptocurrency and blockchain technology has captivated the whole globe, so it comes as no surprise that an increasing number of individuals are turning to cryptocurrency investment.
There are a variety of reasons why individuals invest in cryptocurrencies in order to achieve their financial objectives.
There are, however, individuals that invest in the cryptocurrency market for the wrong motives, and they should be avoided.
In this article, we will discuss the top 15 reasons why every investor should include cryptocurrency in their portfolio.
Reasons to Invest in Cryptocurrencies: 15 Arguments
1. Cryptocurrencies have changed the way we live our lives.
A little over 10 years have passed since the introduction of Bitcoin, which was the first cryptocurrency ever created. Despite this, hundreds of technological advances, inventions, and changes have already taken place in the fast-paced world of cryptocurrencies trading.
Because of their decentralised structure, cryptocurrencies have altered conventional financial institutions to the point that they can no longer be reversed, allowing transactions to take place across borders at cheap prices and with rapid processing times.
One of the most encouraging developments is that the necessity for central banks has been reduced to an absolute minimum, allowing investors to have considerable independence and control over their financial data and money.
What’s more, guess what? Blockchain and cryptocurrency investment aren’t only for the young anymore; they are a viable option for anybody looking to get a good return on their money. The number of cryptocurrency projects is growing, and according to statistics, there are more than 5,000 cryptocurrencies available for investment.
2. Cryptocurrencies are characterized by a high level of liquidity.
If you are still unsure about whether or not cryptocurrency trading is right for you, we have another compelling reason to consider investing in cryptocurrencies this year. A high level of liquidity characterizes the cryptocurrency trading market, indicating that it is simple to purchase and sell cryptocurrencies.
There is always a strong demand for Bitcoin, for example, which is considered to be the king of all cryptocurrencies. According to data, the number of cryptocurrency wallets in use in 2020 will have grown to more than 54 million.
However, it is not just ambitious investors and large corporations that are willing to purchase and trade bitcoin. Cryptocurrency trading is becoming very accessible.
Because cryptocurrency trading is not some sort of rocket science or a secret endeavor destined only for the industry’s biggest whales, it is a viable option for everyone. You may also become a part of the crypto-investing world right now if you so want!
3. Investing in cryptocurrencies may result in substantial profits.
The potential of making a profit is perhaps the most important factor driving individuals to invest in cryptocurrencies today. Money, whether we like it or not, is what keeps our world turning, and it is one of the primary reasons to invest in cryptocurrencies.
Despite the fact that cryptocurrency trading is still in its infancy, it has the potential to provide greater returns than traditional assets, such as equities. Bitcoin and other cryptocurrencies are very volatile, which means that a single transaction has the potential to generate substantial profits.
At the same time, let’s not forget that volatility implies that traders may lose everything in a split second if they are not careful. As a result, carefully evaluate the dangers involved! Because cryptocurrency investment may be very demanding, one of the first stages to achieving success is to develop a risk management plan that is successful in limiting losses.
4. Cryptocurrency provides you with independence and adaptability.
Regardless of whether you choose to invest in Ethereum or Tezos, your crypto money is all yours. As previously mentioned, cryptocurrencies do not depend on banks, who charge excessive fees simply to keep your money in their possession.
Furthermore, the cryptocurrency market is open 24 hours a day, seven days a week, so you do not have to worry about business hours; you can pick when and how you want to purchase and sell. Isn’t it a compelling enough incentive to put money into cryptocurrency?
Yes, you are correct! It is entirely up to you to plan out your time and trading routine in advance. You may trade cryptocurrencies either full-time or part-time, and you can even trade bitcoin while traveling. What a fantastic opportunity!
5. For the purpose of portfolio diversification
You’re looking for more compelling reasons to invest in cryptocurrencies. Investors in cryptocurrencies, whether or not they are crypto enthusiasts themselves, may benefit from diversifying their portfolios by investing in cryptocurrencies.
What is the definition of portfolio diversification? Simply said, it is an excellent way of reducing risks by diversifying your investments and studying a variety of assets. Everyone knows you shouldn’t put all your eggs in one basket, and that’s certainly true!
Investment in cryptocurrency is a smart method to identify oneself as a successful trader in today’s dynamic and always changing world of finance, since bitcoin is often not correlated with other assets such as bonds and equities.
6. Coins are available in an unlimited number of combinations.
Despite the fact that no one disputes Bitcoin’s authority in the world of cryptocurrency investment, the reality is that there are hundreds of altcoins available for purchase and sale. Your options for coins are almost limitless, which may assist you in diversifying your portfolio and possibly increasing your wealth.
While some cheap coins may be a risky investment, others are worthy of your consideration and provide a compelling argument for investing in cryptocurrencies. Experts predict that Ethereum, Ripple, Tezos, Tether, Monero, and Bitcoin Cash will be among the top cryptocurrencies to grow in the next year.
You are not need to restrict your choices to just purchasing and selling cryptocurrencies. A broad variety of crypto-to-crypto and crypto-to-fiat trading pairings are available, with BTC/USD, ETH/USD, and LTC/USD among the most popular crypto-to-fiat trading pairs to choose from.
7. The Future of Cryptocurrencies Appear to Be Promising
Do you need any more justifications for investing in cryptocurrencies? Here is our seventh and last reason: The future of bitcoin seems to be promising. Despite the fact that we all know that cryptocurrencies are very volatile, investing in cryptocurrencies may be a safer and more promising option to traditional types of investments.
Consider the cryptocurrency Bitcoin. Bitcoin has had a tumultuous past, and it has even been deemed unusable on many occasions. During 2017, for example, Bitcoin hit fresh all-time highs of $20,000, but during 2018, it dropped to below $5,000 per coin. However, Bitcoin has weathered its ups and downs – and continues to thrive despite the continuing epidemic (with a current price of $15,826) – and as a result, investors are optimistic about the cryptocurrency’s future.
In fact, many people think that investing in Bitcoin at a period of economic uncertainty is a safer bet. “Would you rather store money in a currency whose supply is increasing year after year?” said Snappa (Canada’s top software business) co-founder Gimmer. Alternatively, would you like to save in a currency whose terminal supply is programmed to be constant? Unfortunately, I think we now have access to much better saving technologies, which is fortunate for us. “Bitcoin is the technology behind this.”
Would you consider making an investment in the cryptocurrency market?
You’re looking for more compelling reasons to invest in cryptocurrencies. A blockchain developer is not required to see the potential of cryptocurrencies and blockchain outside the realm of cryptocurrency trading.
Blockchain technology has the potential to help a wide range of industries, including gaming, health, business, and voting, as the usage of smart contracts and decentralised applications grows in popularity. Take it up with any gamer about the incredible advancements that blockchain-based technology may bring to the worlds of gaming and digital ownership!
During the current epidemic, in particular, an increasing number of individuals are turning to blockchain technology and digital payments to minimize the likelihood of future outbreaks. During the COVID-19 shutdown in 2020, there was a rise in the number of crypto-related applications downloaded, according to data. Today, even the most skeptical individuals and the most stringent governments are growing more enthusiastic about cryptocurrency, as rules become much more apparent.
10. Everyone, even Wall Street, is adopting cryptocurrency.
As interest in bitcoin grows across the globe, a growing number of businesses are adopting the cryptocurrency model. Ripple, for example, is an outstanding cryptocurrency that is utilized by several large financial institutions. We should also keep in mind that, in contrast to the existing SWIFT system, which is used for international payments, Ripple enables customers to transfer money across borders at cheap prices and with rapid processing times.
Believe it or not, two of the most prominent cryptocurrency exchanges in the world, Gemini and Coinbase, are now customers of the American financial behemoth JPMorgan Chase.
Governments are also embracing bitcoin and transitioning to a cryptocurrency-based system. While several countries are attempting to create their own central bank digital currencies, others (such as Italy) have recognized Bitcoin as a legitimate successor to the Bitcoin protocol. A growing number of developing countries, like as Kenya and South Africa, are showing an interest in cryptocurrency investment.
Moreover, guess what? Major businesses such as Virgin Galactic and Microsoft, among others, accept Bitcoin payments as well. Do you really need any more justifications for investing in cryptocurrencies?
11. Acquire new abilities
The reality is that whether you want to purchase Bitcoin or trade various cryptocurrency pairings, you will need to invest in appropriate trading education in order to learn the art of crypto investment.
It is possible to become a billionaire without investing in cryptocurrencies, but the experience will have a beneficial effect on your trading abilities and financial choices regardless of whether you succeed. Whether it’s day trading techniques or trading psychology advice, knowing about cryptocurrency investment is more than worthwhile and useful.
Additionally, while attempting to develop your financial abilities, you will have the opportunity to enhance your discipline, emotional self-control, and routines. After all, learning is a journey that lasts a lifetime.
12. Investing in cryptocurrency has never been simpler.
And the reason number twelve to invest in cryptocurrency is… It has never been easier to make a bitcoin investment in the past. People from many walks of life are able to learn about bitcoin in today’s technologically advanced society. Crypto trading may be learned for free via a variety of resources, including online classes and trading psychology books.
The quantity of trade information available these days is staggering. Sites and forums are becoming more popular since they offer important crypto information while also being fast to identify frauds. It is simple to locate a coach or to learn from the finest in their area of expertise. Take a peek at some of the crypto-kings and their incredible tales of success!
Cryptocurrency investing is made easy by online platforms and smart devices; all you need to do is create an account, deposit money, and get started trading cryptocurrencies.
13.The entry threshold is low.
In contrast to other kinds of investments, such as stocks and real estate, which need a significant amount of upfront money to get started, cryptocurrency offers a low entrance barrier. Isn’t it an excellent incentive to consider investing in cryptocurrencies?
The good news is that many cryptocurrency exchange services do not need large amounts of money to begin buying and selling cryptocurrencies. You may start trading cryptocurrencies with as little as $100 and build your way up from there.
It is not necessary to follow complex and time-consuming processes or to fill out a mountain of paperwork.
14. Exchanges are very secure and provide a variety of useful tools.
We all know the sad tale of Mt. Gox, the infamous Japanese cryptocurrency exchange. However, the good news is that today’s exchanges are more secure and may even compensate victims in the event of a hacking incident.
Today, a trader can locate a reputable exchange that will enable them to begin buying and selling digital assets; a trader can also find a reputable broker to assist them in trading CFDs (contracts for difference) (a great option for beginners).
Cryptocurrency trading tools are considerably more user-friendly now than they were before, and cryptocurrency websites assist investors in staying up to speed with crypto news and key industry events. Isn’t this an excellent incentive to invest in cryptocurrencies?
15. It is never too late to make a cryptocurrency investment.
It is never too late to begin investing in cryptocurrencies, regardless of whether you are a seasoned Bitcoin investor or a crypto enthusiast. Despite the fact that some people think that the opportunity to earn millions has gone (such as some of the early adopters in the sector), the reality is that cryptocurrency investment is still a hot subject.
Considering how far we have to go with cryptocurrencies and blockchain, even in 2021 you may still be called an early user of the technology. The excitement of making an investment in something so groundbreaking is just overpowering!
15 Arguments for Investing in Cryptocurrency: The Essentials
Thousands of cryptocurrencies are now in circulation on the cryptocurrency market, which is active around the clock.
In addition to increasing your wealth and diversifying your portfolio, investing in cryptocurrencies allows you to learn new financial techniques.
The decrease in the value of stock market investments may result in a rise in the value of cryptocurrencies and gold, making cryptocurrencies an excellent investment if you wish to diversify your portfolio.
Keep in mind that blockchain technology has many uses outside of the financial sector, and as a result, governments across the world are contemplating investing in cryptocurrencies to decrease breakouts during the current epidemic, which is a good thing.
It’s never too late to make a bitcoin investment in the market. So put an end to your search for more reasons to begin your bitcoin adventure.
The Top 11 Cryptocurrencies to Invest in for 2022
According to Coinmarketcap, there are now over 5,000 cryptocurrencies listed, with an additional half-dozen that you are unlikely to be aware of.
That is a significant amount. So, what is the greatest cryptocurrency to invest in for the year 2022, and why?
In this post, I will discuss my top 11 cryptocurrencies to invest in in order to build a solid and diverse cryptocurrency portfolio.
Read on if you are searching for the next big cryptocurrency, or if you want to know which altcoins to purchase in order to diversify your portfolio.
The Importance of Diversification
There isn’t a single top cryptocurrency to invest in at this time.
A large number of cryptocurrencies have a variety of applications and the potential to disrupt a wide range of businesses.
Investing in cryptocurrencies is hazardous, but investing in just one cryptocurrency is much more risky.
Therefore, it is important to diversify your cryptocurrency holdings.
Diversification is an excellent strategy for reducing risk and increasing your chances of being engaged in the next big cryptocurrency.
I like diversity, which is why the coins on my list of the best cryptocurrencies to buy in include those that:
Land in one of the many distinct coin categories that exist.
Are some of the coins in each category that are less volatile than the others.
They are very simple to store and exchange with one another.
Due to the fact that each cryptocurrency offered is unique, it is important to consider which ones make the most sense for your portfolio and investing plan.
The Top 11 Cryptocurrencies to Invest in Right Now
I will explain each coin, including its objective, team, liquidity, price volatility, and other data, in the following sections.
At the conclusion of the course, you will have a strong knowledge of cryptocurrencies, allowing you to choose for yourself which cryptocurrency is the best to invest in in 2021.
I’ll start with some of the most well-known and famous cryptocurrencies. This is an excellent choice for novices.
After that, I’ll go on to some more complex coins to demonstrate my skills.
These coins have the potential to produce more earnings, but they require a greater level of knowledge about them.
Furthermore, they are likely to be more volatile than the first coins in my ranking list.
If you’ve already made investments in popular cryptocurrencies available on exchanges such as Coinbase and are looking to diversify your holdings, the coins towards the bottom of my list may be the best choice for you.
1.Bitcoin.
Bitcoin has been the most commonly utilized cryptocurrency up to this point in time. It is often referred to as the “king of cryptocurrencies,” and its main aim is to serve as a worldwide, peer-to-peer digital currency system for people all over the world.
Team:
Bitcoin is the only cryptocurrency that I endorse that was founded by an anonymous individual. Satoshi Nakamoto is the name given to the person who invented Bitcoin. There has been a great deal of conjecture about who he or she is, but no one has been able to confirm it. For its part, the team responsible for maintaining Bitcoin’s open-sourced software is led by some of the most prominent cryptographers in the world, such as Adam Back.
Liquidity: Bitcoin has the greatest liquidity of any cryptocurrency, making it the ideal cryptocurrency to invest in for new investors. The process of purchasing or selling Bitcoin will be seamless since there will always be someone on the other end to fulfill your purchase.
In spite of its volatility, Bitcoin is often regarded as one of the most stable cryptocurrencies available. Someone attempting to influence the price would need a significant amount of money.
Cryptoeconomics:
Bitcoin is based on a Proof-of-Work (PoW) mechanism, which implies that miners earn block rewards in the form of Bitcoin. Initially, the block reward was 50 BTC each block, however the payout is halved every 210,000 blocks after that. As a result, inflation gradually diminishes over time. In addition, there is a restricted supply: only 21 million coins will ever be produced. As the demand for the product grows, the price should climb significantly.
What factors contribute to Bitcoin’s attractiveness as an investment? Market share is a measure of how much of a market there is. Did you know that Bitcoin accounts for more than 60% of the entire market capitalization of all cryptocurrencies? Since it has achieved such widespread adoption, it has gained enormous velocity, making it the ideal cryptocurrency to buy in for 2021 if you’re just getting started or do little trading.
Litecoin is the second cryptocurrency.
Litecoin was one of the first cryptocurrencies to emerge following Bitcoin, and it has since become one of the most popular cryptocurrencies of the last decade.
Litecoin is a fork of Bitcoin that uses the Bitcoin source code, but with significant technological modifications to the code that makes it considerably quicker than the original Bitcoin. Its goal also includes serving as a worldwide, peer-to-peer money.
The inventor, Charlie Lee, is on the team. He is a seasoned computer scientist who formerly held the position of Director of Engineer at Coinbase, among other positions. His brother, Bobby Lee, is the founder of BTC China, a major cryptocurrency exchange. Charlie has a wealth of knowledge and is well-connected.
Litecoin is very liquid in terms of price. Since its inception, it has had strong liquidity and a huge market capitalization.
Litecoin’s price volatility is lower than that of higher-risk currencies with smaller market capitalizations and communities, making it a more dependable hold.
Cryptoeconomics (sometimes known as cryptoeconomics) is the study of the economics of cryptography. Litecoin began with a block reward of 50 LTC; currently it has a reward of 12.5 LTC. The quantity of Ethereum is restricted, with only 84 million coins available, as opposed to Bitcoin’s 21 million coins. Nonetheless, this is accomplished with a larger block reward and a shorter block duration.
What makes Litecoin such a smart investment is its decentralization. Litecoin is the silver to Bitcoin’s gold in terms of value. Being one of the first cryptocurrency projects, it has a massive market capitalization when compared to other cryptocurrency projects. Additionally, it has usefulness; it is both quicker and less expensive than Bitcoin. Its durability and usefulness place it at the top of the list of the best cryptocurrencies to invest in for the year 2021.
Despite the fact that it is competing with other cryptocurrencies, Litecoin is still one of the most trustworthy and widely used cryptocurrencies today.
Ethereum is the third option.
Smart contracts were originally introduced by Ethereum, which was the first significant project to do so.
Smart contracts enable developers to build decentralized apps (dApps) for mobile and desktop devices that run on top of the blockchain.
The Ethereum network is home to thousands of tokens, and it was the emergence of these tokens that sparked the initial coin offering (ICO) craze.
Vitalik Buterin is the man of Ethereum, which was established in 2013. In spite of his young age, he has already established himself as a devoted cryptocurrency specialist. Joseph Lubin is well renowned for being a co-founder of Ethereum as well as Consensys, which is a software-production company based in New York City that specializes in developing Ethereum-based decentralized apps.
Liquidity: Ethereum is also a very liquid asset, usually rated as the second or third most liquid cryptocurrency after Bitcoin. You will have no difficulties purchasing or selling Ethereum.
Volatility of the Ethereum price: Because Ethereum has a dedicated community and team, the price has a greater probability of being steady and rising in the long term.
The Economics of Cryptocurrency: Compared to Bitcoin and Litecoin, there are far more Ethers that can be created. But bear in mind that Ethereum is the engine that powers the dApp ecosystem. Because of this, millions of developers and businesses may need Ether in order to power their smart contracts and launch their apps.
What factors contribute to Ethereum’s attractiveness as an investment? For the innovations it introduced to the world and the potential applications it has across the globe, Ethereum is the current leader of smart contract platforms and remains one of the hottest cryptocurrencies to invest in in 2021, according to CoinMarketCap.
4. Binance Coin (also known as BNB) (BNB)
In contrast to Bitcoin and Litecoin, which are intended to be used as currencies, the Binance currency is intended to be used as a utility token.
This implies that its worth is derived by how helpful it is (and how much demand there is for its usefulness) inside the Binance ecosystem, rather than from its intrinsic value.
The Binance team is led by Changpen Zhao, the company’s CEO. The success he and his team have had with Binance makes it fair to assume they have the necessary abilities and resources to make this currency a success as well.
Liquidity:
Binance Coin is one of the most liquid cryptocurrencies available at the time of this writing. It is consistently rated high on Coinmarketcap, and its trading volume is either steady or increasing.
Volatility of the price: The price has shown remarkable stability (as compared to other cryptocurrencies), as well as steady growth. During the bear market that began in early 2019, the price was actually doubled by three times.
Cryptoeconomics:
A total of 200,000,000 BNB were created via an initial coin offering (ICO) at a price of $0.10 per coin. Users that possess BNB are eligible for a reduction on trading fees. Users get a 50 percent discount in their first year of using BNB, followed by a 25 percent discount in their second year, 12.5 percent in their third year, 6.75 percent in their fourth year, and zero percent in their fifth year or after. Binance will also spend 20 percent of its earnings each quarter to purchase back BNB tokens and burn them until the total number of BNB tokens has been reduced to 100,000,000 – or by half – of the total quantity of BNB tokens in circulation. A decentralized exchange, called Binance DEX, will be launched in conjunction with Binance’s ICO, which should significantly enhance the usefulness of BNB.
What makes BNB such an excellent investment is as follows: The fact that Binance has discovered a large number of use cases for BNB tokens (and that they are introducing new use cases on a regular basis) should only serve to boost demand for the token — and therefore the value of its underlying cryptocurrency.
Binance is one of the world’s most rapidly expanding cryptocurrency exchanges. As a result of the fact that Binance Coin is used to pay for transactions on the exchange, as well as for a variety of other reasons, BNB is expected to be one of the fastest-growing cryptocurrencies in terms of trading volume in 2021.
If you’re seeking to diversify your cryptocurrency portfolio by adding a utility token produced by a firm with a long track record of success and a knowledgeable staff, consider adding Binance coin to your collection.
5. The Most Fundamental Attention Token (BAT)
Basic Attention Token is another another utility token that is most frequently used in the Brave Browser, as previously stated.
The BAT token may be used to tip content producers, as well as practically anybody else that you find to be helpful on the web. You have the option of tipping content producers on a regular basis or sending one-time contributions to particular individuals.
Additionally, individuals that see advertisements may be paid in BAT. By using smart contracts, marketers may lock up BAT and have their money released to both the Brave Browser and the end user as soon as their ad is seen by the end user.
Brendan Eich is the founder of the company. He was a key contributor to the development of JavaScript and is a co-founder of Mozilla Firefox. With these impressive qualifications, you can be certain that he is well-versed in the browser industry and technology.
Liquidity: Although liquidity varies constantly, BAT is consistently ranked in the top 40 most traded cryptocurrencies, according to Coinmarketcap.
In comparison to other cryptocurrencies, the price volatility is surprisingly constant. Throughout 2018, and into 2019, the price has stayed within the same range, despite the fact that the majority of other currencies have been falling. This may be an indication of a healthy buildup of resources.
Cryptoeconomics (sometimes known as cryptoeconomics) is the study of the economics of cryptography. There are a total of 1.5 billion tokens in circulation, and it is intended that this number will remain constant. If demand for the token increases, the price value of the token should increase as well.
What makes BAT an excellent investment is as follows: In the Brave ecosystem, BAT tokens are widely utilized as a payment method. Furthermore, since 2019, the Brave browser has seen tremendous increase in popularity as well as positive comments from internet users. In 2021, BAT is expected to be a popular cryptocurrency.
6. The cryptocurrency Monero (XMR)
Monero is a cryptocurrency that prioritizes secrecy. The currency makes use of sophisticated encryption and privacy logic to keep the identity of its members hidden.
It is extensively utilized on the dark web as a result, and it is now the most popular privacy currency on the market.
Team:
Monero was created by a user on the Bitcointalk forum in an attempt to maintain anonymity. The team is believed to be headed by Riccardo “fluffypony” Spagni, a seasoned developer and cryptocurrency specialist who is well-known in the cryptocurrency community.
Liquidity: Monero is a very liquid cryptocurrency that is usually at the top of the Coinmarketcap rankings. No matter how much you want to purchase or sell, the market should be big enough to accommodate your requirements.
Price Increased Volatility: Due to Monero’s large user base and market capitalization, it is more stable and less dangerous than smaller market capitalization currencies – as it has shown throughout the bad market of 2018/19.
Cryptoeconomics
(sometimes known as cryptoeconomics) is the study of the economics of cryptography. From May 2022 through the end of the year, a total of 18.4 million XMR coins will be in circulation. Following that, 0.3 XMR will be added to the circulation every minute for the rest of time. This is a relatively tiny restriction, which makes the coins very valuable when there is a high demand for them. Monero’s anonymity characteristics are used extensively on the dark web, which is driving increasing demand for the cryptocurrency.
What makes XMR such an excellent investment is as follows: No matter how you feel about it, privacy currencies like Monero will always be in demand owing to their widespread usage on the dark web and on illicit marketplaces. While Monero is using outdated technology, its popularity and liquidity make it one of the most popular privacy-focused cryptocurrencies to purchase in 2021, as well as a fantastic method to diversify your cryptocurrency portfolio.
7. NEO
NEO is often referred to as the Ethereum of China. NEO, which was founded in China, is another smart contract platform that allows developers to create decentralized applications (dApps) on the blockchain.
In comparison to Ethereum, NEO is somewhat more centralized: rather than depending on hundreds of nodes as is the case with Ethereum, just a few (less than 10) nodes are involved in NEO’s decision-making process.
Team:
The business’s founders, Da Hongfei and Erik Zhang, are also the CEOs of another company, Onchain. They have a lot of expertise and can be trusted.
Because NEO is consistently ranked among the top 25 cryptocurrencies on Coinmarketcap, it is considered a highly liquid asset.
Because of the strong liquidity to price connection, you may be certain that your investment will be safer and more stable than the majority of other cryptocurrencies on the market. Price volatility:
Cryptoeconomics (sometimes known as cryptoeconomics) is the study of the economics of cryptography.
There will be 200 million NEOs on the planet. At the genesis block, 100 million NEO were produced, 50 million were sold to early investors, and 15 million have been unlocked for the purpose of funding development. This implies that NEO’s supply has already been allocated to consumers, and the only thing left to do now is for demand to continue to rise.
What makes NEO a solid investment is a combination of factors. Smart contract platforms are aiming for a large market with their offerings. Despite the fact that Ethereum is now the world’s top cryptocurrency, China is a massive market, and NEO has a good possibility of taking the lead there. As a consequence, NEO is one of the finest cryptocurrencies to invest in if you want to diversify your portfolio away from Ethereum.
8. Beam
The Beam cryptocurrency, in contrast to Monero, which is a more conventional blockchain project, makes use of a novel blockchain technology known as Mimblewimble.
To summarize, Mimblewimble is recognized to substantially aid in expanding the blockchain and transaction speed, all while preserving a high degree of privacy and anonymity for its users and contributors.
Team:
Alexander Zaidelson, the CEO of Beam, has extensive expertise in the field of peer-to-peer (P2P) technology. He was a co-founder of Nareos (a peer-to-peer file-sharing business) and has acted as an adviser to a number of other companies over the years.
Beam has a strong level of liquidity, which is commendable given the company’s relatively small market capitalization. It indicates that investors are actively seeking opportunities and that speculation is at an all-time high.
Price Volatility:
Compared to the majority of cryptocurrencies, Beam’s price has been quite stable. However, since it is a new product, the price may fluctuate dramatically at any moment.
Cryptoeconomics (sometimes known as cryptoeconomics) is the study of the economics of cryptography. Beam is a proof-of-work cryptocurrency, similar to Bitcoin and Litecoin. This implies that individuals are making investments in actual mining equipment, which helps to establish a foundation price for each currency that is produced. Or, to put it another way, an approximate wholesale price for coin production.
There is a maximum supply of 262,800,000 BEAM that can ever exist in the whole universe. As block rewards fall in value over time, the inflation rate decreases as well. The reward for a block begins at 80 coins per block, then drops to 40 coins, and finally drops to 25 coins per block in year 6. From then on, every four years until the 129th year, there will be a half of the amount. To summarize, inflation decreases as time progresses. If the demand for Beam grows over time, it may result in a pleasant price hike in the near future.
What makes BEAM such an excellent investment is as follows: Because of the Mimblewimble technology, Beam should be more scalable than other privacy-focused currencies in the near future. Beam, with its well-considered crypto-economics, may very well be the next popular cryptocurrency to invest in in 2021.
9. NEXO
In recent months, Nexo has been gaining some traction. Users may borrow money using their currencies as collateral while utilizing the Nexo program, which is essentially a wallet.
Customers on the other hand may simply and quickly lend cryptocurrency while earning interest on their investments.
Nexo also provides its customers with a free credit card and operates on a novel business strategy.
As one of the first security token offerings (STO) in the market, the NEXO token stands apart from the crowd.
Nexo is led by Kosta Kantchev, who is one of the company’s most important figures. A co-founder of Credissimo, the largest European fintech company focusing on retail lending, which is the business that powers Nexo, he has extensive experience in the financial services industry. He has a wealth of experience in the financial technology industry and was an early adopter of Bitcoin.
Exiting and entering positions is simple for the ordinary trader on Nexo, but big investors may have a difficult time getting their money out of the market quickly.
Price Volatility: So far, the market has been very stable. The company is also seeing organic growth, which implies that the price is neither rising or falling dramatically.
Cryptoeconomics: At the time of writing, there are fewer than 560,000,000 NEXO in circulation, with a maximum quantity of 1,000,000,000 coins available. Given that NEXO is a security token, it is also compliant with the Securities and Exchange Commission (SEC) and distributes dividends to its investors. This is a significant event for many people.
What makes NEXO such a fantastic investment is as follows: The crypto lending sector is expanding at a rapid rate, and Nexo is one of the most well-known names in the business. Despite the fact that the currency is still in its infancy, it represents an excellent opportunity for investors to diversify their crypto assets while also earning money from their holdings via dividend payments. Nexo already has a functioning product, which is in contrast to the majority of cryptocurrency projects now in development. Furthermore, the company’s founders have extensive expertise in the credit sector.
10.Cardano (ADA)
Cardano, which competes with Ethereum and NEO, is billed as being more scalable and simpler to use for developers than the other two cryptocurrencies.
To make it more scalable, two layers of technology have been introduced: one that is responsible for monitoring ledger balances, and another responsible for moving value across ledger accounts.
Cardano makes use of two programming languages, Haskell and Plutus, to accomplish its goals.
Haskell has been available since the 1980s, and Cardano’s effort to make it simpler for developers to build decentralized apps is based on this programming language. Plutus is a functional programming language developed in-house by the Cardano development team.
Members of the team:
Charles Hoskinson is the co-founder of Cardano, and he was also a co-founder of the Ethereum cryptocurrency. In addition, he serves as the director of IOHK, a prominent research and development center dedicated to blockchain technology. Charles has the skills and experience necessary to make Cardano a successful business.
Due to the large trading volumes that Cardano sees on a daily basis, there should be no need to be concerned about actively investing in this market.
Price Volatility:
Cardano has had its share of ups and downs in recent months. In general, it is more volatile than the other main cryptocurrencies currently available.
In terms of cryptoeconomics, the maximum supply of Cardano is 45,000,000,000, with a present supply of 31,000,000,000. It makes use of a consensus method known as Proof-of-Stake (PoS).
What makes ADA a solid investment is as follows: Overall, Cardano is an excellent cryptocurrency to invest in right now since it provides an additional buffer against Ethereum. Despite the fact that it does not seem to be as promising as NEO or Ethereum itself, it does have promise and is worth keeping a watch on at the very least.
ENJIN is the eleventh item on the list (ENJ)
For those interested in blockchain technology, Enjin is an interesting application case. The company’s ultimate aim is to bring games (esports, virtual reality, social, and other forms of entertainment) to the blockchain.
This implies that players will be able to obtain ownership of items obtained via their games.
Consider the possibility of playing games and then being able to sell your assets to other players once the game is finished.
Also available are in-game goods from your favorite players and top Twitch champions, which you can purchase and acquire. Wait for their worth to rise before selling them, or sell them immediately now. It is all up to you.
One of Enjin’s most impressive features is its Multiverse feature. Incredibly, players will be able to play one game and then transfer their character, assets, wins, and other things to another game developed by a completely different game creator!
