One thing that every new crypto investor needs to understand is that the crypto market is complex, alive, and very unpredictable. As a result, theoretical knowledge can only take them so far. It takes time to truly understand the crypto market, and learn how to take risks “properly”.
For this reason, diving into lesser-known altcoins is much more uncertain than investing in largest cryptos. While many would say that not even Bitcoin is a safe investment, it is still safer than giving your money to a project that is not even among the top 100 coins. Because of that, we will now take a look at some of the projects among the top digital currencies per market cap and see which ones are the best to own these days.
Luckily, the top coins are quite diverse, and there will surely be something for everyone.
5) Monero (XMR)
Monero is a pretty quiet crypto that usually doesn’t attract a lot of attention, or makes a lot of noise. It is also surprisingly stable, sitting at the ninth position of the top 10 cryptos by market cap, and providing its services as the most popular privacy coin.
Monero offers privacy and fungibility, it is easy to mine, it has quite a strong and supportive community, and an excellent development team. It is secure enough that even online criminals prefer this coin over other privacy coins. While this is still a bad thing, it is an undeniable proof that Monero actually works.
Privacy coins have always been frowned upon as currencies used by criminals, but they can be so much more. They can provide anonymity, protect user privacy and freedom of speech, and they will always be needed for private transactions. This is why owning Monero is a pretty good choice.
4) Cardano (ADA)
Cardano is a coin that likes to take its time, but even so, it made a lot of progress in 2018. In only a few months, it managed to climb up to top 10 cryptos, where it remained ever since. Many consider it to be an excellent long-term investment, as its price will likely go up as Cardano brings out more and more features.
This is a coin that is dedicated to developing its technology and features, which is why it will take time in order to become truly great. It is also skilled at learning from the mistakes made by others, especially Bitcoin and Ethereum, which is why it is very scalable, unlike them.
In addition, Cardano is sustainable, it can receive upgrades via soft forks, it is big on cross-chain integration, and it has shown a lot of potential for being one of the largest cryptos in the future. Investing in it while its price is only a fraction of a dollar is probably a very smart decision.
3) Stellar (XLM)
Stellar is a coin that aims to allow individual users to send instant transactions to anyone in the world. Instead of having to wait for days for banks to complete such processes, all that XLM would need are a few seconds. Stellar recently became the new record holder for fastest transactions, and it is definitely a coin worthy of having.
It is the main competition to Ripple, which is trying to provide the same service, just not to individual users, but to banks and financial institutions. Stellar is a much more open than XRP, it is decentralized, it supports thousands of transactions per second, and all validation is done by the Stellar Consensus Protocol.
2) Ethereum (ETH)
Ethereum is the second largest digital currency per market cap, and it has held this place for a long time. It is a coin that has revolutionized the use and purpose of cryptocurrencies and blockchain. Despite the fact that it is the second largest coin, Ethereum’s focus is not on payments and transactions. Instead, this is a coin that supports creation and creativity.
Since its creation, Ethereum has introduced us to smart contracts and the ability to create dApps. It allowed the crypto community to view this technology from a completely new angle, and it placed blockchain technology in the center of the attention. While many would argue that using NEO or EOS blockchains for the same purpose is better, a lot of developers prefer Ethereum due to the fact that it is cheaper. In any case, Ethereum managed to keep its popularity, and while it still has its issues, it is a top choice for would-be developers.
1) Bitcoin (BTC)
It is not surprising that Bitcoin is being included on this list. After all, this is the first, and still the largest coin by far. Its market cap is over $90 billion larger than the second largest coin, which is Ethereum. While its supply is not that big, this only makes the coin more valuable, and its value will likely continue to increase as it attracts more attention and users.
Bitcoin is the first cryptocurrency, and whether or not it remains number one, it is a crypto that has already made history. Many influential people that still remain opposed to crypto call it a bubble, but its supporters believe that this is the coin that will dominate the entire world someday. Bitcoin is the driving force of the crypto world, and it was created to take the power away from financial institutions, and give it back to consumers themselves.
It is decentralized, transparent, and well-known. It might be the perfect candidate for leading digital currencies to mainstream usage and mass adoption. For now, this is still in the future, and BTC price is still much lower than what is estimated to be its true potential. This is why buying and owning BTC now, when it is at its bottom, might still make you rich once it truly starts going up again.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…