If you didn’t invest in cryptocurrency then you are outdated in the morden world. Investors are diverting from the regular stocks to crypto trading. Nowadays many growing companies and existing companies are accepting cryptocurrency as legitimate way of transaction.
Best cryptocurrency to Invest
Bitcoin is currently out of reach from the hands of normal traders or investors. Well big players won’t be taking intrest in our blog article but as trader i can provide you with my opinion on cryptocurrency and the one which you should invest and hold for next few years. This is not a financial advice just my opinion, trade on your own risk, i’m not interested in taking your risks. 😤
The VeChain project started in June 2015, focusing on building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration and high-speed value transfer. Specializing in blockchain and IoT technologies, VeChain has become one of the few blockchain platforms with real world business applications adopted by reputable enterprises across multiple sectors worldwide.
What makes it so special ?
VeChain is a blockchain platform designed to enhance supply chain management and business processes. It is made to make supply chain management easy. To determine if real life product is fake or not and preventing fraud.
It operates very simple by giving each product a unique identity then machine track’s what is happening in each stage of supply chain.
Suppose you are buying a Burger and with the help of vechain you can figure out what had happened in the whole process like: what kind of flour is used to make the buns, how long the flour was in the freezer, when was it baked, burger patty fry time, when was it ordered, how long it took to deliver.
Isn’t it amazing ? In the future it will be so popular. Consumers are able to get more information about the products which can reduce the fraudulent activities.
VeChain total supply is of 86.7B, yeah i know the supply is very large but Vechain burns the 70% of its transaction fee, which will result it more and more opportunity to reach 5$ or 10$ by 2030.
Currently the price is around $0.12 – $0.27, if you could buy it at current price for $100 or for $500 then in the future you can make good money out of it.
Solana is an open source project implementing a new, high-performance, permissionless blockchain. The Solana Foundation is based in Geneva, Switzerland and maintains the open source project.
Solana’s developers claim it is “the fastest blockchain in the world” and “censorship-resistant”, capable of supporting smart contracts, non-fungible tokens (NFTs) and other platforms in the rapidly emerging space of decentralised finance.
The system currently supports 50,000 TPS (Transactions per second) and 400ms Block Times. The overarching goal of the Solana software is to demonstrate that there is a possible set of software algorithms using the combination to create a blockchain. So this would allow transaction throughput to scale proportionally with network bandwidth satisfying all properties of a blockchain: scalability, security and decentralization. Furthermore, the system able to support an upper bound of 710,000 TPS on a standard gigabit network and 28.4 million tps on a 40 gigabit network.
Why solana ? Best cryptocurrency to Invest ?
Solana can process 50000 transaction per second for $0.00025 Gas fee meanwhile Ethereum can process 5-7 transaction per second with gass fee of $15.
SOLANA works on POH(proof of History). There are currently 400 projects running on SOLANA.
Till now we all believed that all Altcoins ( alternative coin is a term to describe all other cryptocurrencies other than Bitcoin). Followed Bitcoin but the recent crash on September 2021 told us that this specific coin called Solana can move unscratched under a huge downtrend, the SOLANA moved in the opposite direction while all the altcoins followed Bitcoin on the bearish move.
We are watching a coin that can even rival Bitcoin or Ethereum within next few years i believe that solana can reach $1000.
Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
Why Uniswap ?
Uniswap is decentralised exchanger, that means there won’t be any middle men to loot Money while Exchanging a coin. The centralised exchangers loot you everytime you exchange a coin.
Well Uniswap provides 2 options for users to earn.
1. Staking, i expect that we all know what staking does right. ( Staking is the process of holding a currency for some period of time and in return they offer some intrest rates) Well you can call them as Fixed deposit of a usual bank.
2. liquidity provider, here we can provide liquidity for a coin. If i explain more about liquidity provider it might make this blog very long, so please google it.
By being a liquidity provider it has alot of risks and gains.
In Staking you might get 1% to 30% APY per year but by being Liquidity provider you will earn 1000% APY. The huge difference in the money you earn and this make it very popular.
But don’t even think of being a liquidity provider, because it comes with lot of risk. When a coin is launched there won’t be liquidity provider to keep the coin moving so they offer high APY like 1000% but you have to understand that the coin might be what we call as shit coin and it can crash anytime. Suppose you invested $100k in a new coin and you got 10million new coins but what if that 10million new coins price is only 1000$ after few days ? Just think about it.
The uniswap can even reach 100$ or 500$ in upcoming years.
PancakeSwap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders. Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete.
This coin is similar to Uniswap, so i guess no explanation need here.
Chainlink is a cryptocurrency aiming to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains. … Further, when nodes follow the software’s rules and provide useful data, they are rewarded in Chainlink’s cryptocurrency, LINK.
Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Smart contracts are pre-specified agreements on the blockchain that evaluate information and automatically execute when certain conditions are met. LINK tokens are the digital asset token used to pay for services on the network.
Chainlink is another layer on the top of Ethereum focusing on Smart contracts.
These are the few coins that i think good for investment.