Best cryptocurrency to buy and why
This article is a Brand Press post. To promote your brand via Brand Press, please email business techpoint. The crypto market has slowed slightly after a strong year in , but it is still heading into with a lot of excitement and momentum. The major dogs, such as Bitcoin, reached new highs in , while a slew of new cryptocurrencies debuted with high promise, for example, HUH Token , and cryptocurrencies were integrated more in the financial system. While Bitcoin gets all the attention, cryptocurrency aficionados recognise that Ethereum was the most powerful blockchain out there from a technology aspect for many years.
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Best cryptocurrency to buy and why
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Content:
- Cryptocurrency
- Best Cryptocurrencies
- Cryptocurrency trading for beginners
- 10 Important Cryptocurrencies Other Than Bitcoin
- Top cryptocurrencies to watch in 2022
- Should you invest in Bitcoin and Dogecoin, why is crypto so volatile and other questions answered
- What is bitcoin and why are so many people looking to buy it?
- 10 Best Crypto Exchanges: Top Cryptocurrency Trading Platforms Reviewed
Cryptocurrency
Cryptocurrency enthusiasts have faced a rather rough week, with Bitcoin, Ethereum, and other cryptocurrencies dropping dramatically in value mid-week but regaining some ground towards the end of the week.
Financial Express Online spoke to Atul Chatur, co-founder of Antilles Cryptocurrency Ecosystem ACE-X , an expert in cryptocurrencies, about the right strategy to invest in the cryptocurrency market, as part of our series on decrypting cryptocurrencies. FE Online: What do you read into the way Bitcoin has been behaving this week? Could you still call it a store of value? Atul Chatur: I would want to start my insights based on a track record. There is nothing drastically wrong with it. We are still in a bull market.
Based on my own technical analysis, plus what I am seeing in the investment world as well, I think I think we are still in a bull market overall, which will continue for some time. In this cycle, institutions are involved. These kinds of things have happened in the last cycle as well. By long term, I mean a five-year view. If you had bought Bitcoin five years back as I got in, in There is going to be a massive supply crunch.
And then there is the fact that Bitcoin is now really freely available for anyone to buy. Visa has integrated into Ethereum and on the blockchain as well. There are just so many opportunities for people to buy worldwide.
Retail is in, obviously, in a big way in this cycle. Right now, it is looking a bit weak. I think the next one or two weeks will be crucial, but after that, I think it will bounce back. In my view, should one get in now? I would think so.
And what should the rest of my portfolio consist of if I wanted a good investment portfolio? If you are invested in equities, bonds, gold and real estate, and you want to look at crypto, it is a risky and volatile asset class. There are plenty of crypto exchanges out there and large institutions. In spite of Elon Musk saying whatever he did, Tesla has not sold any of its Bitcoin. But that was just to test out the market. I mean, whoever is selling is mostly retail individuals.
I believe we have reached that stage because Bitcoin is large enough. Ethereum is large enough. This is just what I would do. In terms of the coins that I like and the ones that I have done research on. Upfront, I want to say this is not financial advice.
I want to be very clear on that. Now Altcoins are probably even more volatile, but there are a few that are on my radar, and that I have invested in personally as well. Matic is one. Three of the founders are Indian and one is now based out of Europe. Another one I like is Helium. Helium is one of the coins that has got a fundamental underlying business model. They are growing very fast as well. Another one is Rune, which is also a zero to one project.
I would say among Altcoins those are the three leading ones. FE Online: A disclaimer, our readers should also do their own research before getting into cryptocurrency. That said, is crypto like a proxy for equities? We are seeing a lot of firms coming up with their own tokens or their own coins. Is this kind of an unregulated proxy for equities, in your view? Atul Chatur: There are various kinds of coins or tokens. So if you look at Bitcoin, it is a token.
If you build on top of the Ethereum network, it actually has its own programming language called Solidity. So if you build on top of the Ethereum network, for using that network, you need to pay the gas fees or the fees, if you may, in the Ethereum token. Then I go beyond that to a token called BNB, which is the Binance coin, which is like a discount token.
It increases the price of the BNB token. Helium, for example, is another one, which is quite different. There are different kinds of tokens. Are these equity tokens? Equity shares give you ownership in the company. Equity shares are valued on the basis of price-earnings multiple for example. You are comfortable buying an equity share.
Tokens are not used that way. They do not give you any ownership in the underlying company. T here are certain tokens called securities tokens. But there are very few of those. STOs have been looked at to see if they could help raise capital globally, but there is no global capital raising jurisdiction as such.
You cannot have a global company listed that way. There are certain STOs that are equivalent to an equity share. FE Online: For investors getting into crypto, there are clearly risks here. But do you think, if we had regulation in place already, there would have seen such a kind of volatility in the crypto market? Now, for an asset that is of this nature, where it is basically electronic peer-to-peer cash without an intermediary, how do you regulate such a market?
The suggestions and recommendations around cryptocurrencies in this post are the opinion of the respective commentators.
Financial Express Online does not bear any responsibility for their advice or views. Please consult your financial advisor before dealing with or investing in cryptocurrencies. Like us on Facebook and follow us on Twitter. Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates. Decrypting Cryptocurrency: Is this the right time to invest in Bitcoin and others?
Atul Chatur, co-founder of Antilles Cryptocurrency Ecosystem ACE-X talks about the right strategy to adopt if one is considering investing in cryptocurrencies like Bitcoin. Written by Roshun Povaiah. May 22, pm. Atul Chatur, co-founder, Antilles Cryptocurrency Ecosystem gives his views on investing in crypto.
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Best Cryptocurrencies
In investing, the trend is your friend — until it isn't. That proved true for digital currencies last year, and it could very well define the outlook for the best cryptocurrencies of Overall, digital currencies produced a remarkable that helped solidify an already strong argument for their inclusion in more risk-tolerant investors' portfolios. Not bad for an asset class that got its start just 13 years ago. But cryptocurrencies didn't enter with a head of steam. Despite a heady performance across the whole of , most major cryptos stalled toward year's end. Like stocks, most showed vulnerability to cyclical swings and changes in sentiment, especially as inflation became a prominent market driver.
Cryptocurrency trading for beginners
With all the noise -- and it's fair to say, craziness -- associated with cryptocurrency, we thought you might like a bit of an overview. Like the off-the-rails GameStop stock hack , the cryptocurrency Dogecoin has been on a bit of an undeserved roll. And, because what's a fake currency without a bonkers billionaire, much of Dogecoin's recent moment and that of Bitcoin, too can be attributed to Elon Musk and his fondness for tweeting. In this article, we'll take a quick look at the 12 cryptocurrencies we find most interesting. If you haven't heard of many of them, you're not alone. There are, of course, a whole lot more than twelve cryptocurrencies out there. Some of these are, well, let's just say that if you read the whole article, you'll find a currency based on the market value of weed.
10 Important Cryptocurrencies Other Than Bitcoin
Cryptocurrencies have changed the business world by adding yet another asset that individuals and organizations can invest in. However, business persons and their HR Software willing to invest in cryptocurrencies have to be very careful and spend a lot of time and effort trying to evaluate future trends in this field. In this article, we will explain to you the advantages of cryptocurrency investments and show you the top five digital coins to buy in Before we name the most promising investment opportunities, we need to mention a few basics.
Top cryptocurrencies to watch in 2022
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Should you invest in Bitcoin and Dogecoin, why is crypto so volatile and other questions answered
Two years back no one had the proper idea of Cryptocurrency or Bitcoins. However, now it is one of the most talked-about and searched words around the world. The cryptoverse is filled with a number of different cryptocurrencies. It goes from Bitcoin, Dogecoin, Ethereum, Tether, and so on. It is hard to evaluate which one will have a promising ROI or value, making it difficult to get started cryptoverse world of cryptocurrency. To help you get your senses, these are the top 10 cryptocurrencies in the cryptoverse by market capitalization, which is the total value of all coins currently in circulation.
What is bitcoin and why are so many people looking to buy it?
Bitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but has also become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs. Cryptocurrencies are almost always designed to be free from government manipulation and control—although, as they have grown more popular, this foundational aspect of the industry has come under fire. The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some cases, shitcoins , and have often tried to present themselves as modified or improved versions of Bitcoin.
10 Best Crypto Exchanges: Top Cryptocurrency Trading Platforms Reviewed
All rights reserved. Charles St, Baltimore, MD You could even buy that furniture directly with Bitcoin, thanks to rapidly growing support for the digital currency. Read onward to find everything you need to get started with crypto, whether it be a thorough Bitcoin guide or a detailed look into the most promising altcoins. Close Menu. Log in.
Well, you are not. Now is the right time to change that thinking. It's not a game. This is a real market with real trading. Bitcoin Guidebook is providing you a complete guide to investing online.
Anyone who wants to ride the crypto wave can learn about how digital currencies including Bitcoin, Polkadot, Dogecoin and other crypto currencies work and how to open and stock a crypto wallet. The best thing about cryptocurrency is also the worst thing about cryptocurrency: There are few rules. Digital currencies and the ledgers that hold the transactions offer much more freedom than government-backed currency but come with fewer protections.
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