Join 66,803 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 393,940.30).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Takes one minute, no documents required
When Altcoins price moon and which altcoin too look out for?
As the bitcoin price sky rockets to its all time high everyone thinks abt the next obvious things when the altcoins price will go up? which altcoin to buy? how much do we need to invest in that? I will try to answer these questions from what I knw so far.
Disclaimer: I am not your financial adviser and all information available below are for purely educational purposes. Please verify all of the Information before using it and don't make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
First we must know what is altcoin? its simple everything except bitcoin is altcoin. Then when will the bull market for altcoins starts? if u look from 2009 the history tells us one thing altcoin price will not skyrocket before bitcoin. Bitcoin starts the trend then the altcoin follows there is a reason for this unlike altcoins or even our fiat currencies we can only mine finite 21,000,000 btc after that we can't that just it. that's why btc is compared to gold.
Well coming back to the topic according to top experts and from the history so far altcoin price will only go up when btc reaches a certain height and become stable for a few weeks or months. And i dont think it is going to happen soon but it will happen if that happens which coin?
U cant just buy any coin available in the market. As for as my knowledge goes there are more than 5000 altcoins in the market rite now. So the questions comes to which should we buy and why should we buy it? lets see .....
Ethereum is the first cryptocurrency to take the crypto world as a whole to a whole new level. Ethereum was one of the earliest altcoins to enter the market. Since its inception, Ethereum has been a driving force for innovation in the market.
So why so bullish abt Ethereum? first of all most of the altcoins out there are erc20 tokens. Therefore even if one erc20 tokens price goes up Ethereum price will also go up. Second defi projects, Since the defi boom in late 2019 most of the ethereum available in the exchanges are locked in defi projects reducing the circulating supply of ethereum. Third Ethereum 2.0, If all goes well Ethereum 2.0 is said to launch on coming december leading to more ethereum locked up reducing the circulating supply which in turn only increase the price.
Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase. The Litecoin network went live on October 13, 2011.
If we come to the litecoin, There is a strong community base for litecoin first which supports litecoin in major way unlike other cryptos. Second reason is from what I knw is Litecoin is the go to coin for most crypto beginners.
Chainlink is a project that has the potential to boost the entire market. Chainlink seeks to correct the biggest flaw found in oracles. Oracles are off-chain sensors that can communicate data to and from a blockchain.
The thing to know is chainlink is the first protocol to decentralize the centralized oracle system that has been used so far. Which brings us too an endless possibilities with it. Chainlink introduces the world’s first oracle blockchain. The system monitors the network of oracles to ensure all data entry is correct.
While Ethereum is called the internet of cryptos polkadot is called the web 3.0.Polkadot is a revolutionary blockchain infrastructure designed to enable the next generation of the web where users control their own data and identity. It also allows interaction with non-blockchain systems and established blockchains such as Bitcoin and Ethereum.
So what so bullish abt Polkadot? polkadot was created just to be an ethereum killer. If u knw anything abt ethereum 2.0, polkadot already has most of the major problems ethereum 2.0 addressed. It wont need to be an ethereum killer, just if it gets to eat some of the ethereum's market share its enough to be successful because ethereum is like a big blue whale and even a small part of it is worth a lot than u think off.
Cardano claims to be the first blockchain platform “to be founded on peer-reviewed research and developed through evidence-based methods.Cardano’s proof of stake mechanism is distinct from other proof of stake mechanisms in that the developers have scoured the best available academic literature to develop Cardano’s proprietary Ouroboros protocol.
Well here comes cardano, According to me it is one of the pinnacale of engineering. The reason to be bullish abt cardano is that it is the fastest ever blockchain out there. It also solves most of the problem found in ethereum. And the most important thing is due to the bearish market cardano currently trades at just 0.1$ per cardano. If the price goes up in this bull market there will be a massive gain for investors.
Celsius network is a centralized cefi platform which offers wallet service and intrest for your crypto if u store them in your wallet, similar to what bank offers for your fiat currencies except the interest rates are higher. They have their own token know as Cel.
Since its inception in 2018 cel token has gone up by almost 200x from just 0.04$ to currently trading at 2$. There are various reason to be bullish abt cel token, Their founders are well know to the crypto world. They conduct weekly AMA abt their platform in youtube. It is the most used cefi platform. They managed to reduce the circulating supply of cel token l=which leads to increase in price.
It is an erc20 token. It was introduced in a way to revolutionize the digital marketing platform with brave browser. This is the first crypto to be used for advertising. So far 13 million brave token has been distributed just for referral program by the company.
The reason to be bullish abt BAT is the have stopped their referral program recently which means u can only get BAT tokens through using brave browser only. U cant get brave token for free. So there is a reduced supply of BAT in exchanges which leads to economics 101 which is increase in price. If u want to knw how to earn more bat try checking this out.
UNI is the governance token behind Uniswap - a decentralized exchange that launched in November 2018. It created by Hayden Adams.
The Uniswap Protocol, built on top of the Ethereum blockchain, allows users to easily swap between any ERC-20 token in a completely decentralized manner. This means that users have the option to easily trade Ethereum-based tokens directly from their own personal wallets without the need to give up custody of their funds throughout the entire process.
The above mentioned projects are according to my point of view your point of view may change. That being said all the above mentioned projects helped changing the crypto world very much leading to mass market adoption. Investigate and may invest some funds in it. Well that's all happy earnnings!!!
If u want to knw what are the ways u can get your hands on a bitcoin feel free to visit here.
If u need to know abt other crypto currency project other than bitcoin visit here.
If u are new to crypto world and want to know how to get cryptos for free visit here.
publishox :-Y U no sign up yet?? Earn crypto for writing AND reading!