Cosmos Expanding The Blockchain Universe
Cosmos is another ethereum competitor, but with a unique functionality. It aims to achieve interoperabilitythe ability to connect various blockchains together. Cosmos has a rapidly growing ecosystem of interconnected blockchains and aspires to be the internet of blockchains, says Sotiriou.
The large and expanding Cosmos network, which now has around US$179 billion of digital assets under management, runs on an energy-efficient proof-of-stake protocol.
The blockchain is powered by its native ATOM cryptocurrency, the 34th-largest crypto asset, up more than 400% YTD, from US$5.90 to US$30.56.
Cosmos is a safer bet as it is one of the most adopted smart contracts platforms, second only to ethereum, asserts Sotiriou, adding that there are currently 250 blockchains, apps and services in the cosmos ecosystem.
The growth of ATOM has largely been organic unlike that of other cryptocurrencies with large marketing budgets. The growth of the assets price has been mainly due to its technological advancements rather than retail hype, says Sotiriou.
With DeFi taking the blockchain world by storm, the Cosmos network is expected to continue growing in 2022, as are the price and popularity of its ATOM token.
Why Investing In Penny Cryptocurrencies Is So Attractive
The main reason traders and investors find penny cryptocurrencies attractive is their low cost. But because a cryptocurrency is not expensive, you should invest in it immediately. Other reasons to consider are:
- Potential for a high reward. Most penny cryptocurrencies are undervalued. In case the project of a penny cryptocurrency succeeds, the price of the said coin may rise quickly. Investors that choose to assume the risk of investing in such coins could be rewarded with massive gains in the end.
- Investment diversification. Seasoned investors know that diversifying their portfolios is the best way to avoid big losses. Penny cryptocurrencies are good options to diversify your portfolio without big expenditure.
- Passive income. Trading cryptocurrencies is a time-consuming activity. Hence, penny cryptocurrencies can be simply held and let generate passive income. In this way, you can invest time to trade more valuable coins.
Best Cryptocurrencies To Invest In For 2022
By Vikram Barhat on December 6, 2021
Crypto experts share their top picks for investing in digital tokens now and in the new year, including ethereum, ripple, cardano and more.
What are the best cryptocurrencies to invest in right now and in 2022? We spoke to some crypto experts to find out which digital tokens will likely perform well and why. Youll see familiar names and a few promising altcoins that might be new to you. Whether youre an experienced cryptocurrency investor or just crypto-curious, youll find ideas for your portfolio.
First, a recap of 2021: Crypto has had a wild ride this year. From increased institutional and retail adoption to China cracking down on crypto transactions, no other investment asset class has drawn so much market attention.
Through it all, bitcoin kept hitting all-time highs, and it remains the most valuable and widely talked-about cryptocurrency. Yet, on a year-to-date basis, some of the top-performing cryptocurrencies have been altcoins likeethereum,up 500%, and cardano, up 1,000%.
Investors seeking similar windfall-like returns must sift through thousands of cryptocurrencies with varying specialties and differing degrees of utility, adoption and promise. In such a diverse marketvalued at more than US$2.6 trillionhow can investors decipher which cryptocurrencies to invest in? Weve saved you the trouble. Heres what the experts picked.
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What To Look For When Assessing Coin Potential
Overall, it is important to do research. Find out what the project is aiming to do, look for other similar assets, and then compare the merits of both projects. This will allow you to identify projects that are either being undervalued, and lesser-known, which are two key factors when making significant gains.
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Cheap And Potential Cryptocurrencies To Invest In 2021
The top cryptocurrencies are attracting investors looking to diversify their portfolios. Now many growing companies are accepting cryptocurrencies as legitimate means of payment, now is a good time to invest in cryptocurrencies based on your budget. Here’s a guide to help you figure out which coins are the best to invest in now.Here are some inexpensive coins that appear to be decent investments in 2021, as there are a lot of choices for the cheapest Altcoins with potential.Although Bitcoin remains the most popular cryptocurrency, there are many others on the rise that smaller investors should consider. Here are ten Bitcoin alternatives to consider. Click to know how Cryptocurrencies are Taxed around the world?
Read Also: Is There Tax On Cryptocurrency
Binance Coin The Biggest Gains Of 2021 So Far
Currently the fifth-largest crypto by market cap, BNB had a quietly exceptional 2021, and its not surprising at all when you look into all the different parts of the crypto market Binance has invested in.
First and foremost, Binance Coin gets much of its value by operating as a discount token at the Binance Exchange traders can get a discount on trading fees when they use the token.
Thats all well and good, but what really made BNB stand out in 2021 is the Binance Smart Chain . A new chain launched by Binance in late 2020 for smart contracts which also uses BNB as fuel.
In February 2021, Binance Coin dramatically rose in value as many devs jumped ship from Ethereum because of historically high gas fees and moved to the BSC because its gas fees are less volatile.
Today, the BSC is the third-largest platform for DeFi projects, ahead of Bitcoin and second to Ethereum, and as the DeFi market continues to grow, BNB usage could grow too.
And finally, its worth mentioning that if there is another significant bull run towards the end of 2021, holding BNB could pay off massively as traders flock to the Binance Exchange the largest crypto exchange in the world.
BNB is still a great buy, but with the tightening noose of regulation, Binance may get into a lot of trouble in the next few months and years. This is a significant risk that should be considered before investing in BNB.
How much could Binance Coin be worth in 2021?
Read our article on Binance Coin here.
Why Invest In Litecoin
Next to Bitcoin, Litecoin is the top cryptocurrency as of now. So, if Bitcoin is just a little too expensive for you to invest in, try Litecoin.
Its nearly identical to Bitcoin, but transactions are faster which is one of its biggest draws.
However, there is some discussion as to whether this speed makes Litecoin less secure.
Also Check: What Is Kyc In Cryptocurrency
Basic Attention Token: $103
The Basic Attention Token addresses the digital ad industry’s endemic inefficiencies and privacy abuses. In such a tumultuous market, BAT has been quite stable. The price of one BAT remained constant in 2018 and 2019, indicating its future potential. The majority of the time. The Basic Attention Token is a utility token that is utilised on the Brave browser, which has seen a spike in use since 2019. As a result of all of this, BAT is one of the most popular cryptocurrencies.
Polygon Merger With Hermez Is A Big Deal
Polygon is one of the most important cryptos in Ethereums network right now. It was specifically created to help Ethereum scale better.
Investors got super excited this year when Polygon announced that it would acquire the Hermez Network for $250 million and that the two cryptos would merge, which would significantly improve transaction speeds.
While that sounds pretty exciting, traders should consider that Polygons future is largely tied to that of Ethereums, and with Ethereums upcoming transition to proof-of-stake, we cant help but wonder how exactly Polygon will continue to be useful.
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Cryptocurrencies Are Some Of The Best Canadian Stocks To Buy On The Tsx Today
Theres no doubt that cryptocurrencies offer some of the best growth potential. However, an even more compelling reason to buy these stocks is because they are cheap and therefore offer some of the best discounts that Canadian investors can find on the TSX today.
Galaxy DigitalHoldings, for example, is more than 50% off its high, despite the fact that the total cryptocurrency market is only down about 25%. Furthermore, Galaxy Digital has several different business segments, which allow it to continue earning attractive income, even if the total market cap of all the cryptocurrencies is trading sideways or falling.
So, while this high-potential Canadian cryptocurrency stock trades at this ultra-cheap valuation, its certainly one of the best stocks to buy on the TSX today.
Compound Another Top Defi Lending Protocol Making Waves
Compound is also built on top of the Ethereum network and is another rising star on the DeFi scene.
Its a crypto lending platform where crypto holders can lend out their crypto to prospective borrowers and earn interest in return. It is one of Aaves biggest competitors and Andreessen Horowitz and Coinbase Ventures have both invested.
What makes Compound stand out from other lending protocols is that in return for providing your crypto, you get what is called a cToken back. So, for example, if you deposit Bitcoin, you will receive a cBTC.
And whenever you want to redeem your crypto, all you have to do is swap your cBTC for it and you will receive your crypto back plus the interest you earned while it was deposited.
But while Compound has so much going for it right now, it, along with several other DeFi lending projects, may soon be under the watchful eye of regulators in the US, who are concerned that they are basically running an unregulated bank.
Most recently, Compound was mentioned in an article by The New York Times on the very topic of crypto moving into banking and the complete lack of any regulation in place to monitor it.
How much could Compound be worth in 2021?
Read more about Compound price here.
Do you agree that Compound could be a great investment?
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Important Cryptocurrencies Other Than Bitcoin
Bitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but also has become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.
Polkadot Best Cryptocurrency To Buy 2021 For Decentralisation
Rounding off our list of the best cryptocurrency to buy right now is Polkadot. Launched in 2020, Polkadot aims to connect a blockchain network of all the current blockchains to create a truly decentralised web where users are in control. This allows developers to create their own blockchain whilst still benefitting from the security that Polkadots platform offers.
This concept is branded as shared security and could be highly appealing to blockchain developers, as smaller blockchains are prone to hacking and unauthorised access. Polkadot rose by 894% between December 2020 and May 2021 yet has decreased to $15 at the time of writing. Although this may seem like a negative, the fact that the price is now at a reasonable level means that there is plenty of upside if the value rises back to the levels seen a few months ago.
Your capital is at risk.
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What Are The Top 15 Best Cryptocurrencies To Buy In December 2021
What is the best cryptocurrency to buy this month? Looking for the top 15 Cryptocurrencies to buy in December 2021? Weve got you covered!
The young cryptocurrency market changes very quickly. Weeks or even days later, the value of any cryptocurrency could dramatically change.
Good cryptocurrencies to buy in one month could plummet in value the next, and the opposite is also possible. A coin that everyone was hyping up can overnight become irrelevant and side-lined to the backs of our memories.
So, whats the top cryptocurrency to buy for December 2021? Weve compiled a list of 15 options for you to consider and explain why theyre the best you can get your hands on.
If you want to dive into the cryptocurrency market quickly and easily check out eToro Exchange!
You always need to be on the lookout for the next up-and-coming crypto at all times.
How To Choose The Best Cryptocurrency To Buy
When considering which is the best crypto to buy, there are certain factors to keep an eye out for, ensuring you are researching effectively. With that in mind, this section covers some of the most important things to consider when analysing your crypto options meaning you know exactly what to look for when conducting your due diligence.
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How To Buy Bitcoin And Ether P2p
This is one of the simplest ways to buy cryptocurrency! Peer-to-peer exchanges remove the middleman and allow users to buy and sell cryptocurrency from each other directly.
Imagine this: John is interested in crypto and wants to buy some Ether. John could go to Coinbase and buy it from there, but he’d have to use his identity. Amy wants to sell some Ether but doesn’t want to use Coinbase because she doesn’t want to pay any fees.
What if John could just buy the Ether from Amy? That would solve everything! Well, thanks to P2P exchanges, he can! Using a peer-to-peer exchange, John and Amy can avoid the fees and they don’t have to share their identities.
Pretty cool, right?
Letâs look at how to buy and sell cryptocurrency on a peer-to-peer exchange with step-by-step instructions:
How To Buy Them On Changehero
You do not need to seek out the top cryptocurrencies to hold in 2022 all over the crypto exchanges and go through KYC on each of them. If you already have crypto, use it to buy them on ChangeHero, its a walk in the park:
ChangeHeros customer support is available 24/7 in the chat on our website or through the email: .
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What New Crypto Coins Are Coming Out In 2021
According to CoinMarketCap, there are at least 12,130 cryptocurrencies. However, some sources, such as Statistica, disagree claiming there are a maximum of 5,840 cryptos, an increase of 3,023 since 2019.
Many new coins have been created to help facilitate transactions with cryptos that work on different platforms. For example, Wrapped Bitcoin represents Bitcoin on the Ethereum network.
You can also see a list of upcoming ICOs on CoinMarketCap to get ahead of new cryptos.
Yearnfinance Immense Growth In Terms Of Tvl
Yearn.Finance , or as it is sometimes styled Yearn Finance or just Yearn, is designed to generate yield on smart contract platforms like Ethereum, as explained on their platform.
It has one of the most limited supplies in the crypto market, with a maximum of 36,666 YFI tokens, which is why its prices are astronomically high .
Yearn Finance has two primary products Earn and Vaults. Earn is a lending aggregator that shifts funds to different lending platforms to earn the most interest, while Vaults work similarly but deploy funds in a more complex, riskier way.
The YFI token is a governance token that allows holders to vote on changes on the Yearn.Finance platform.
Today, Yearn.Finance has a total value locked of $4.69 billion according to DeFi Pulse, not too far off its all-time high of $4.743 billion, suggesting that the platform is growing in popularity.
Do note that Yearn.Finance is another DeFi protocol running on top of the Ethereum blockchain, and as you can guess, it is vulnerable to changes on the Ethereum network.
How much could Yearn.Finance be worth in 2021?
Is Yearn.Finance the investment youve been looking for?
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Maker The Most Decentralized Crypto Ever
Maker is very similar to Yearn.Finance in that both the YFI and MKR tokens are governance tokens for DeFi protocols, both projects work on top of the Ethereum network, and both have a very limited supply, which means the price of a token is very high.
The purpose of MKR is to vote on changes that could be implemented on the MakerDAO, an autonomous organisation for the Dai , which is also considered the worlds first decentralised stablecoin.
New MKR tokens can also be minted and sold if there are not enough assets to back the value of Dai.
Perhaps this all might not sound too interesting . But whats got crypto investors attention is that Maker intends to dissolve its foundation as it gets close to becoming fully decentralised, as reported by Aaryamann Shrivastava of AMBCrypto in late August.
This is huge news as many of the top cryptos still have massive centralisation problems, and this act could make MKR the most decentralised crypto weve seen so far.
Elsewhere, MakerDAO has announced that it will integrate with the Gelato Networks G-UNI Uniswap V3 token . What this means is that there will be greater integration between Dai and the greater crypto community, which could make the market more fluid.
How much could Maker be worth in 2021?
Read more about Maker price here.
Would you invest in Maker ?