Introduction
Hello everyone, and welcome to the fifth post of Vendata’s journey into the crypto world! Yesterday was another engaging article for me to write about crypto, diving deeper into the vast variety of cryptocurrencies available. I have begun to look into investing in cryptocurrency in hope of some profit while supporting amazing crypto projects to make a better world. There are so many options, each with its trends and uses, just cutting the tip of the iceberg in crypto investing.
Today, I will be sharing some of the best cryptocurrencies I have found to possibly begin my investing journey. Currently, I have not enough to begin trading, accumulating rewards from a range of sources until I have enough, including Publish0x who generously has made a tipping system from their pool, which I will tell you when the time comes. These cryptocurrencies will be some to come to my thoughts when I begin my investing journey, looking out for big rewards and projects.
Theta Network (THETA)
THETA is such an underdog coin! It has rocketed up in price so quickly, and its project surrounding it is extraordinary (i.e. decentralised streaming powered by shared bandwidth). Recently there has been a drop in the price, but it seems to be recovering, coming back to its original all-time high, possibly storming up to a higher price.
For more on THETA, visit https://www.coingecko.com/en/coins/theta-network/usd.
Cardano (ADA)
Cardano has such a low price, yet such a high market cap, which indicates high reliability. On top of this, the circulating supply is beginning to near its maximum. At the time of this article, the circulating supply is above 32 million. With the maximum circulating supply set at 45 million, Cardano’s is nearing its circulating supply, and so would be required to raise the price of its cryptocurrency to decrease the rising circulating supply.
For more on ADA, visit https://www.coingecko.com/en/coins/cardano/usd.
Bitcoin Cash (BCH)
Bitcoin Cash has over the past month remained stable after a drop from around 700 USD to about 500 USD. Bitcoin Cash may rise back up in price after some time of stability, recovering itself for an increase. I have also seen media coverage regarding increasing Bitcoin Cash usage across a variety of businesses and organisations, which is another possible contributor to bringing the price up.
For more on BCH, visit https://www.coingecko.com/en/coins/bitcoin-cash
Monero (XMR)
Monero has over the past year steadily gone up in price, from 50 USD to over 200 USD. The highest Monero has reached is over 500 USD about 3 years back from now, which resulted in a massive dump, then a steady increase. The same pattern may occur to either match or beat the all-time high. If not, Monero will likely continue to rise at a steady pace.
For more on XMR, visit https://www.coingecko.com/en/coins/monero/usd.
Uniswap (UNI)
Uniswap is just amazing! It is a decentralised exchange service, so you can swap a vast variety of coins straight from a wallet, not needing to sign up. Then you have the Uniswap coin, which is personally a promising option for investment in the cryptocurrency market. The coin is fairly new, less than a year old, and has gone up quickly over this period. It went from an all-time low of about 1 USD to an all-time high of just under 36 USD. The all-time occurred three days ago. The price seems to be stabilising over the past hours after the drop that resulted from the all-time high, so it may come back up at a higher price.
For more on Uniswap, visit https://www.coingecko.com/en/coins/uniswap/usd.
Conclusion
Well, there you have it, crypto investments that I found to be promising from my research through the crypto market. It was interesting to find out the trends of each cryptocurrency, making predictions based on various factors for an overall judgment of its future. I hope today’s article was informative and provided insightful explanations to help you out in the crypto market.
It is here that I have looked out for crypto investments, taking my first steps as a trading career in the crypto world.
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