Blockchain App Factory - With more than 6000 cryptocurrencies operating in the market at the moment, this global phenomenon has made waves. Though many view cryptocurrencies as a form of speculative investment, it is a superior and unique form of currency as it is free from censorship, inflation, and confiscation. However, not all countries in the world have passed regulations to monitor the operations of cryptocurrencies.
Here are Some of the Best Cryptocurrencies to Invest in the Future
Gold secured Currency (GSX)
Tezos (XTZ)
Cardano (ADA)
Monero (XMR)
Gold secured Currency (GSX) — It combines the qualities of a stablecoin, investment coin, and a cryptocurrency. The initial price of GSX starts at $0.046 with a total supply of 10 billion. The price will shoot up till gold production continues. It is heavily backed by platinum and gold-rich land situated at Wytte Mines in Zimbabwe. GSX holders get annual dividends, ownership rights to the land, and exclusive rights to mining equipment and refineries. Gold’s value is poised for greater growth in the future as people aim to preserve capital. Blockchain App Factory has immense experience and in-depth knowledge in creating GSX according to the market trends with utmost security and sustainability.
Tezos (XTZ) — It is priced at $2.02 currently with a market cap of $1.63 billion. Users can stake Tezos at an affordable rate. It uses a Proof of Stake (POS) consensus mechanism. A user can become a block validator or delegate the tokens to other validators. Users can vote to make amendments to the system. It has a robust security protocol preventing any chance of hacking and phishing attacks. Blockchain App Factory is a pioneer in developing DApps and smart contracts on Tezos. Their Cryptocurrency development service includes identifying the different on-chain and off-chain entities, the creation of microservices, setting up of nodes, designing mobile wallets, and integrating APIs into your operations.
Cardano (ADA) — It is trading currently at $0.10 with a market cap of $4.6 billion. It is soon planning to develop its own blockchain network. Its prices have been rising steadily after transitioning to Shelley, the second phase of its roadmap. The usage of its network is estimated to increase by more than 2000% in the next year and hence it is a viable investment avenue. The Cardano Foundation is also planning to connect innovators, developers, stake pool operators, and enterprises for creating a self-sustaining community to build DApps and smart contracts. Their next phase, Goguen, is set to launch soon. Blockchain App Factory has a team of well-equipped Cardano developers for building inclusive and transparent financial and social applications on a global scale.
Monero (XMR) — Monero is priced now at $119.90 with a market cap of $2.13 billion. It uses the Proof of Work consensus mechanism. It uses advanced encryption technology for processing transactions on its platform. XMR coins can be earned by solving complex mathematical problems with the help of computerized protocols. Anyone can become a contributor to its development program. Monero is available on the leading cryptocurrency exchanges like Binance and Coinbase and is also accepted as a payment method by merchants. It is growing faster after the company issued an update, improving the scalability of the network which will cut down the time for processing transactions by 10 to 25%. Blockchain App Factory’s Cryptocurrency development service includes the creation of a Monero fork.
As seen above, Cryptocurrencies are growing stronger with every passing day with smaller coins also making a big mark. The benefits of investing in cryptos include a lack of geographical barriers, 24x7 trading facilities with just a few clicks on your device, and an in-built wallet for storing your assets safely. No one can take away the coins from you and you are immune to government restrictions and surveillance.
If you associate with a reputed company that provides a Cryptocurrency development service, you can get a variety of solutions in the form of whitepaper preparation, ICO development, marketing assistance, token listing on the leading exchanges in the market, wallet integration, and blockchain development. As technology becomes more decentralized and user-friendly, cryptocurrencies will witness a gigantic leap in the future. Cryptocurrencies have to battle past the increasing regulatory scrutiny and market volatility. As more institutional funds enter the market, it will add to its credibility and can be used as a viable alternative to conventional fiat currencies.