Promising Cryptocurrencies
The adoption of cryptocurrencies is spreading worldwide incredibly fast. The new metaverse projects and the advent of non-fungible tokens (NFTs) are responsible for most of the hype.
But there is something like 17.000 cryptocurrencies out there and choosing some of them to invest in can be a challenge if you’re not a seasoned crypto investor.
To make your life a bit easier here are some tips on cryptocurrencies that could boom this year. One of them is obvious for good reason; the others are great tips of solid projects that have been largely used for crypto users and are showing consistency.
See the list below and peek at some promising projects:
Bitcoin (BTC)
It’s impossible to talk about cryptocurrencies without mentioning the first one. It has the market dominance out there and it is as secure as it gets; its blockchain is running flawlessly for 13 years!
BTC is always a good bet for people trying to be conservative about their money; the project is always receiving solid updates as well.
PancakeSwap (CAKE)
This is one of the best decentralized exchanges (DEX) around. It uses CAKE as its own personal token, which can be used to get a lot of benefits inside its platform.
You can swap tokens in a few seconds with low fees. CoinShopp uses PancakeSwap so you can get your CSHOP tokens easily!
You can connect your wallet (Metamask, Trust Wallet and many others) to PancakeSwap to make your transactions as well.
Shiba Inu (SHIB)
Launched in August 2020, Shiba Inu faced a value rise that puts everyone in awe. The meme coin is a great bet to run away from bearish markets, indeed.
The developers are extending its project and beginning to embrace the NFT market as well — so we can expect even higher prices soon.
Polkadot (DOT)
This project is very similar to what Ethereum 2.0 will look like, but with some key differences: it uses a technology called “cross-chain”.
In short, you can create parallel blockchains and link them into the main net; thus, all transactions are guaranteed to be very fast and secure without overloading the servers.
E-commerce runs trillions of dollars annually around the world and things are getting even better through the last years.
With CSHOP, you can buy and sell goods and services worldwide without the need of making boring monetary conversions: just choose your product and pay for it inside its platform. Period.
The bottom line
There are thousands of options out there, but only a few stand out in the crowd. These five, however, show great promise in the long term — some of them can even surprise everyone along this year. Promising Cryptocurrencies.
Remember to make a diversified portfolio so you can get a better profit and reduce your risks! There’s an article about that. Check it out.
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