When about investing in crypto currency, there are a lot of options to choose from. With so many different coins on the market, it can be difficult to decide which one is the best investment. However, there are a few factors that you can look at to help you make your decision.
The first factor is the coin’s market cap. The market cap is the total value of all the coins in circulation. A coin with a high market cap is usually a good investment because it means that more people are using it and believe in its future growth potential.
Another factor to consider is the coin’s trading volume. This is the amount of money that changes hands each day on exchanges where the coin is traded. A higher trading volume usually indicates that more people are interested in buying and selling the coin, which can lead to price stability or even growth.
Finally, you should also look at the team behind a particular coin before making your investment decision. A strong team with experience in block chain technology and crypto currency can be a good sign that the project has long-term potential.
Bitcoin (BTC)
Bitcoin is a crypto currency and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a block chain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bit coin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a crypto currency wallet, most of them using bit coin..
Ether (ETH)
Ether is the native crypto currency of the Ethereum block chain, a decentralized platform that runs smart contracts. Ether is used to pay for transaction fees and gas costs on the Ethereum network.
While ether has many uses, it is most commonly used as a digital currency. Ether can be traded on crypto currency exchanges and held in various wallets.
Investors interested in buying ether may do so for speculative purposes or to use the currency to participate in Ethereum-based projects and applications.
Solana (SOL)
In addition to its speed, Solana is also highly scalable. It can support up to 10 million users on its network without sacrificing performance. This makes it an ideal platform for developing large-scale decentralized applications such as social networks, gaming platforms, and marketplaces.
Solana is also energy efficient compared to other block chains. It uses a Proof of History consensus algorithm that doesn’t require mining power or energy-intensive hardware like ASICs or GPUs. This makes Solana one of the most environmentally friendly block chains in operation today.
If you’re looking for a fast, scalable, and energy-efficient block chain platform on which to build your next decentralized application, then Solana is definitely worth considering.
Avalanche (AVAX)
The Future of Digital Marketing
Avalanche is a new block chain platform that promises to revolutionize the digital marketing industry. With its unique consensus algorithm, Avalanche allows for instant transactions and low fees, making it ideal for online advertising and micropayments. Additionally, Avalanche is designed to be scalable and easily integrated into existing applications. This makes it perfect for businesses of all sizes that want to utilize block chain technology without having to develop their own infrastructure.
Binance Coin (BNB)
The total supply of BNB tokens is limited to 200 million. 100 million of these tokens were distributed to investors during the ICO, while another 100 million were allocated to the team and advisors. The remaining tokens are held in a reserve fund.
The price of BNB has seen a lot of volatility since its launch. However, it has generally trended upwards over time as more people have become aware of it and started using it on the Binance platform.
As of June 2018, one BNB token is worth around $12 USD. This makes it one of the most valuable crypto currencies in terms of market capitalization.
Tron (TRX)
The Future of Decentralized Internet.
Tron (TRX) is one of the most popular crypto currencies in the world and it is also one of the most promising. Launched in 2017, Tron is a decentralized platform that allows users to create and host their own decentralized applications (dApps). The Tron protocol offers high scalability, high throughput, and high availability for dApps. Tron has been designed to be fully compatible with Ethereum’s smart contracts.
The native currency of the Tron network is TRX, which can be used to pay for transaction fees and to token size content on the network. The Tron Foundation plans to use part of its proceeds from token sales to build a fund that will support developers who build on the Tron network.
The long-term vision for Tron is to create a decentralized internet that allows users to freely create and publish content without having to rely on centralized platforms such as Facebook or YouTube. With its strong technical team and passionate community, Tron is well-positioned to become a major player in the crypto currency space.
Cosmos (ATOM)
Cosmos is an ambitious project that aims to create an ecosystem of block chains that can interact with each other seamlessly. The ultimate goal is to make it easy for developers to build and scale decentralized applications (dApps).
To achieve this, Cosmos uses a novel consensus algorithm called Tendermint BFT, which enables high-throughput and low-latency transactions. Tendermint is also used to power the Interchain Communication Protocol (IBC), which allows different block chains to communicate with each other directly.
So far, the Cosmos network consists of two main chains: the Cosmos Hub and the GameChain System. The Cosmos Hub is the central block chain that connects all other chains in the ecosystem. The GameChain System is a block chain platform designed specifically for online gaming applications.
In addition to these two main chains, there are also several sidechains in development, such as Binance Chain and e-Money Chain. These sidechains are connected to the Cosmos Hub via IBC and offer different features and use cases. For example, Binance Chain focuses on providing fast and cheap transactions for digital assets, while e-Money Chain focuses on stable coins and payments..
