It is everywhere and on any social media platform feed, talk around cryptocurrencies. Are you planning to start or grow your crypto investment portfolio in 2021? As of writing this piece, there are more than a thousand cryptocurrencies in the market to keep you busy sifting through the many available options. The main question is, which cryptocurrencies are likely to work for you? This short article will hopefully serve as a helping hand.
Firstly, you will need a source to buy cryptocurrencies. This can either be done through cryptocurrency exchanges or other sources like PayPal. But for wider cryptocurrency management tools, read about choosing the right cryptocurrency exchange here. You will also require a cryptocurrency wallet that can store your blockchain link to access crypto coins. Get all the information about that here. And lastly, before you make a crypto investment, there are a couple of things you should know about the volatile market of cryptocurrency.
Ethereum was the first cryptocurrency to introduce smart contracts that allow developers to create desktop and mobile decentralized applications powered by blockchain technology. Ethereum has maintained its position in the top cryptocurrencies of all time ever since and has a loyal team of investors who vouch for this cryptocurrency. This means Ethereum has a better chance of remaining stable, after Bitcoins.
It’s a fairly good pick considering it that Safemoon swap is based on liquidity generation and autonomous yield protocol that helps the token holders earn direct rewards while also enhancing the liquidity of the pool. This is funded by 3% of the transaction fee taken from each transaction. This protocol has a permanently increasing-price floor, with all investors earning additional Safemoon swap tokens for holding. This makes it incredibly favourable compared to other tokens that have gas fees that are pretty steep.
When looking at new tokens it is important to be aware of the technical aspects as they serve as a guide to help you determine whether it is a dud or a token with potential like safemoon and safemooncash.
What wins most people over is the fact that unlike its centralized counterparts Safemoon swap runs on automation by smart contracts. Smart contracts are magical lines of code deployed on top of the blockchain to perform tasks including the collection of funds in the liquidity pool and distribution of rewards to the token holders. This makes Safemoon swap, a platform with genuine reward systems as they are programmed by smart contracts without any human intervention.
Safemoon swap contract: 0x212fe6acbd2083ba0fd7c13bc57100ce8bf52e75
Check out their Q&A: http://asq.kr/XbSVC
Safemoon swap telegram: https://t.me/safemoon_ch
This is an affordable cryptocurrency that is becoming a cult favorite at a rapid pace. Since its inception in 2015, it has become a strong player in the market with its Ouroboros blockchain, which means having two blockchains instead of one. Here, one blockchain will manage general ordinary transactions while the other will manage smart contracts. The logic behind this is the ability of Cardano to remain scalable and fast as two types of transactions will not slow it down. Another interesting fact about Cardano is that most of the people who have invested in this cryptocurrency are from Japan. Hence, Cardano is also known as the “Japanese Ethereum” because it uses the Proof of Stake algorithm which Ethereum has been planning to do for a long time now. In February 2021, Cardano almost hit the $30.7 billion market cap.
The fact that Dogecoin still stands strong after not being taken seriously is a statement in itself.
First, Redditors spiked the price to new heights in early 2021 as a way to prevent the speculated short-selling of Dogecoins by many Wall Street hedge funds. And then, Elon Musk called himself the “Dogefather” promoting this cryptocurrency further. While many argue the legitimacy of this coin, Dogecoin continues to have its share of market value. In April 2021, Dogecoin hit its all-time high of $0.2917. After a steady growth further, Elon Musk’s SpaceX has now announced that it accepts Dogecoins as a mode of payment.