Connect with us

finance

5 Cryptocurrencies With The Smallest Market Cap You Can Invest In

Published

on

5 Cryptocurrencies With The Smallest Market Cap You Can Invest In

 

According to the current report of 2020, there are more than two thousand digital currencies present in the market. However, people are not willing to invest in those Cryptocurrencies whose value is low and has no profits. 

 

Investors and firms are already busy with Bitcoin and other valuable digital currencies such as Ethereum, Litecoin, Ripple, etc. On the other hand, many virtual currencies are already in the below ranking and have a low market cap. It is because of their value and features that they aren’t able to attract the attention of investors and other individuals. Cryptocurrencies are already leading in the financial sectors, and thus, it is growing to increase more in the future. 

 

Moreover, the developers are constantly improving the features of low-valued digital currencies. Still, it fails to satisfy the basic needs of investors who are willing to earn good returns. 

 

Due to the popularity and massive investment returns of Bitcoins, it is dominating other digital currencies, according to bit-qt.app experts. People are not willing to invest in assets that have weak market capitalization rates. 

5 Cryptocurrencies With The Smallest Market Cap You Can Invest In

As already discussed above, people are not willing to invest in those assets whose value is low or does not possess good features. Thus, you must avoid investing your money in those assets with which you are not comfortable. 

 

There are many Cryptocurrencies that are already dead in the market, and these digital currencies are described below. Have a look!

1. Tron

Tron is a digital currency whose value is around $0.02, and market capitalization is $1.52 billion. This Cryptocurrency was invented in the year 2017 by Justin Sun, a Chinese entrepreneur. 

 

Actually, it is a blockchain decentralized platform that is aimed at the entertainment space and content. The main purpose of this dead digital currency is to build a global digital content entertainment system upon the concept of distributed storage. 

 

However, investing in this asset is not a good option at all because it has a bad long term investment. 

2. IOTA

Another Cryptocurrency that has the smallest market cap is IOTA. The value of this digital currency is around $0.58, and the market capitalization is $1.63 billion. It stands for Internet of Things Application. 

 

IOTA is a digital currency and open-source distributed ledger that is made especially for the Internet of Things (IoT) and betting on the future of connected devices. 

 

This digital currency is highly inspired by Blockchain technology-based distributed ledgers. Moreover, this currency also guarantees to manage things without fees. 

3. Stellar

Stellar is another Cryptocurrency that is used as a payment network between users. Its price is around $0.21, and the market cap is around $4 billion. 

 

It is also a decentralized protocol that allows both a digital currency and fiat money transfers across all over the world.

 

It was released in the year 2014 by the Stellar Development Foundation and is based on the concept of the Blockchain.  

4. NEM

Another Cryptocurrency that has the smallest market cap is NEM. Its value is around $0.10, and the market cap is $940 million. 

 

NEM is considered a risky investment because the reward for this investment is really high. This currency is looking to help firms and businesses to enhance things such as logistics and payments.

5. Cardano

Cardano is another digital currency that has a low market cap, i.e., around $.10, and the market cap is around $2.47 billion. 

 

This is a Cryptocurrency network that is used to transfer funds digitally. Thus, it aims to run a public Blockchain platform for smart contracts and promotes financial inclusion. 

 

This platform was launched in the year 2017 by Charles Hoskinson and considered a third-generation digital currency by its creators. 

Closing Thoughts 

Investing in Cryptocurrencies that have a low market cap is considered to be not much valuable. Thus, all the above-listed digital currencies have a low market cap as compared to other Cryptocurrencies. The investment returns are also not worthy and failed to gain popularity in this competitive market.

finance

Is Trading Bitcoins The New Favorite Side Hustle During The Pandemic?

Published

on

By

Is Trading Bitcoins The New Favorite Side Hustle During The Pandemic?

Introduction

The year is almost over. It seems like with the pandemic effects, 2020 has fast played itself. When the pandemic took the world by shock, most industries were left on their last leg. However, only one industry showed the most development during pandemic.

 

When fiat currency failed to perform during a pandemic, people were scared that the insatiable global economy would put their livelihood in danger. So to avoid a fiscal deficit, people got attached to the Cryptocurrency transaction. The first three months saw a 30% rise in Crypto traders.

 

Additionally, Bitcoin is rising in popularity at an acceleration. This has created the best environment for new investors to jump into the whole Crypto trading thing. If you are among those new investors, you can use official site.

Why Is Bitcoin The New Favorite Side Hustle During Pandemic?

There are several pillars that have accelerated the process. Just recently, PayPal has added new features that help their users with the Crypto transaction. This has also played a pivotal role in Bitcoin to become one of the favorite side hustle.

 

Here are some of the other reasons.

1. Readily Available

The best part of what we like about the Cryptocurrency and Bitcoin is that you do not have to wait for a particular time to enter the market. You can do whatever you want. You just need access to one of the best Crypto Exchange platforms, and you are all set to make trades.

 

You can even have different wallets that act like online vaults and keep your crypto assets safe and secure. You can trade directly from the Crypto wallets. Just recently, Paypal joined the Crypto trading industry.

 

You will be able to trade in Bitcoins and can even be a part of the exchange platform. This event has created an uproar in the market because the users now have access to the crypto trades from an authorized platform.

2. Price Of Bitcoin Will Increase

As we are talking about how new investors are showing their interest in Bitcoin investments. That means the market will see a rise in demand for Bitcoin. This will eventually increase the price evaluation of the bitcoin market. This future increase in price is baiting the new investors towards the Crypto trading market.

 

2020 has seen the Bitcoin Halving event. This has reduced mining rewards. Hence, experts believe that before the 2024 Bitcoin Halving event, Bitcoin’s demand will see its lifetime high price. So, if you are planning to enter the Bitcoin market, it is better that you do it now.

3. Safe And Secure

Cryptocurrencies is supported by Blockchain technology. Blockchain technology follows the concept of a public ledger network. When Cryptocurrency was in its initial phase, and the government had no idea what this was all about, people used this currency for fraudulent activity.

 

But soon, the government was able to track these illegal activities and put them all under the anti-money laundering act. Since then, developers are working on making the Blockchain network more hack-proof than before.

4. Fast Transaction

The sole purpose of Cryptocurrency and Bitcoin was to provide a network that can work independently with the traditional finance system and will be able to transact money faster than the traditional methods.

 

To complete one money transfer process through a traditional financial transaction system, you need to wait for a couple of days. But with Bitcoin, you can do one complete transaction within sixty minutes. You can even reduce this time using Bitcoin Fork (Bitcoin Cash) for a couple of minutes.

 

Additionally, unlike traditional financial transactions, you do not have to pay any extra charges to ant intermediaries.

What Future Bitcoin Holds As A Side Hustle Investment?

Bitcoin is on its second successful rally. Experts are predicting that the price will keep on increasing. Hence, this is the perfect opportunity for the new traders and investors to open their first deals in the market. If you know about any other reasons that might help our readers, we welcome you to put them in the comment section below.

Continue Reading

finance

Challenges Bitcoin Faces To Replace Gold As The Top Financial Hedge

Published

on

By

Introduction

We are in November 2020, and the craze of Bitcoin still continues. In fact, Bitcoin is showing signs of a second successful rally. Experts are predicting that it might even go further than the previous one.

 

Having seen the past week’s Bitcoin performance, the players who were watching from the sidelines are now kicking themselves for not entering the market sooner. If they had Invested in Bitcoin, they would have been millionaires by now.

 

But is the current value of the Bitcoin true value?

 

It seems that more investors and traders are jumping into the market for only one reason. They think that Bitcoin is an effective hedge to fight against inflation. How much truth is in this content?

 

Fiat currencies are indeed prone to inflation due to the overprinting of the money. And we already have assets that act as a hedge against inflation. For instance, Gold has always been investors’ first choice of a hedge. If we are considering Bitcoin as a hedge against inflation, does it mean Bitcoin is equivalent to Gold?

 

No! Bitcoin still has light years to cover before it can be compared to Gold.

Why Bitcoin Faces Challenges To Replace Gold As a Financial Hedge?

Despite what Digital investors say, Bitcoin is still far from becoming a hedge against inflation alongside Gold.

Bitcoin Is Not An Asset; It Is More Like Currency

We all know the fiat currencies are legal tender that is not backed with any physical commodity. Since the 1970s, when the US abandoned the Gold standard, it has become a standard for the other countries as well.

 

With that being said, it is clear that the Bitcoin definition comes close to the fiat currency. That means there is no way Bitcoin is an Asset. Bitcoin may not be legal tender, but it lacks the backing of any physical commodity.

 

Hence, you cannot just compare Gold (a universal asset) to a close-to-be currency. Some countries are in the process of creating a government-backed Cryptocurrency to take Cryptocurrency closer to the fiat currency status.

Lack Of Accessible Liquid Market

An asset is the only physical commodity that can be liquidated at any given moment. And when it comes down to asset liquidity, Gold is second to none. You can easily convert Gold into cash at any spot. And the price of Gold is not Bound by the nation’s boundaries.

 

Can you say the same thing for Bitcoin?

No!

 

Yes, they are being regulated in the market and are accepted by the retail shop; however, mainstream acceptance will take some time.

 

The reason why Gold is the most liquid asset is because of its market size. It has been reported that $8 trillion worth of Gold has been mined to date.

Lack Of Security

Security is one of the major concerns of the bitcoin industry. In the past couple of years, the Cryptocurrency industry has gone through several fraudulent activities resulting in billions of worth of Cryptocurrencies stolen. Hence, while security issues are not being fully rectified, Bitcoin’s status being hedged against inflation is compromised.

Bitcoin Value Is Due To Hype

During the pandemic, the value of Bitcoin has seen a gain of 500%. This has made traders and investors worldwide rushing to invest in the Crypto trade market. Could this be just a hype created by the market?

 

Well, most of the veterans in the hedge industry think so. According to Ray Dalio, Bridgewater Associate thinks that people are making decisions by seeing others. They are not thinking about the future possibilities of the market.

Bitcoins Have No History As Store Value

If we compare the age of Gold and Bitcoin, there is hardly any comparison. Bitcoin has been in the market for only a decade, whereas Gold has been in the market for thousands of years. Over time, Gould has proven itself as one of the best hedges against market crisis and inflation. However, there is no such historical data on Bitcoin and other cryptocurrencies.

Conclusion

It is very important that you understand Gold and Bitcoin’s difference before you start comparing Bitcoin to be an effective hedge alongside Gold. We hope you understood the basic difference between Gold and Bitcoin in terms of both being a hedge. For more, you can visit official site

Continue Reading

finance

Will Bitcoin Die A Natural Death: What Experts Are Saying

Published

on

By

Introduction

Bitcoin is Back!

 

For the people who have thought that 2020 might have been the last year, their predictions have been slammed down by the Bitcoins Mad bull run in November. During this run, the price evaluation of Bitcoin exceeded $18,000 for the first after the successful rally in 2017.

 

Seeing how Bitcoin and other Cryptocurrencies Have performed this year even amid the pandemic chaos has certainly filled the people with hope. Though Bitcoin is repeating the same thing repeated in 2017, experts believe that both scenarios are completely different.

 

According to the experts, the 2017 rally was in an environment where people hardly knew about Bitcoin and Cryptocurrencies. The market was also not favorable for Bitcoiin as there were only limited methods to regulate the Cryptocurrency and Bitcoin.

What’s The Difference This Time Around?

Most of the traders and investors believe that the Crypto industry has matured over the last three years. Today we can see a broader regulation network than it was in 2017. According to the experts, the main difference between the 2017 rally and the 2020 rally is that the market was regulated with speculation alone back then. But today, the market is driven by billionaires, enterprises, corporations, and silicon valley industries.

 

For instance, Wall Street incumbent Fidelity set up a new facility for its client to encourage them to invest in Bitcoin and Cryptocurrencies. While on the other hand, PayPal launched a new feature that allows its users to buy, sell, and golf Crypto assets. The Crypto industry has also been joined by world-renowned billionaires like Paul Tudor Jones and Stanley Druckenmiller.

 

Then there is the pandemic, which has helped the Cryptocurrencies by creating the most favorable environment for them to grow. People have started comparing Bitcoin as a safe-haven alongside gold. This has created a market where investors have flocked towards the Crypto trademark to fight the financial turbulence.

Will Bitcoin Die A Natural Death?

Well, there is nothing written with certainty in the Crypto trading world. Bitcoin itself is a decentralized currency without any central institutional asset backing up. The only thing that backs up Bitcoin is the belief of the people who are investing in Bitcoin. That means, as long as people believe in Bitcoin, it will remain in the market.

 

However, this might act as a double edge sword. That means when people stop believing in Bitcoin, the whole existence of Bitcoin will be meaningless. Hence, to answer “Will Bitcoin Die A Natural Death?”, you have to comprehend the current market very well. You need to have an idea of what people are thinking before making a Crypto investment.

 

As of now, we can see a healthy market, where people believe in a future based on Cryptocurrencies in the financial mainstream. Hence, for now, we can say Bitcoin is not going to die anytime soon.

What Are Experts Saying?

There are plenty of predictions made by experts. Some believe that Bitcoin will become one of the best short term investment assets, while something as an alternative to gold. But according to passing entrepreneurs and Crypto traders, the price of Bitcoin will reach a lifetime high.

 

According to Greenspan, there is a high possibility for Bitcoin to reach its lifetime high price evaluation. He said these words after seeing the performance of the Bitcoin in November 2020.

 

Pascal Gauthier, CEO of a hardware wallet, predicted that this rally might run longer than the last one. He also added that Bitcoin has matured and has been recognized, making it one of the top digital assets that might be here for a longer period.

The Fate Of Bitcoin

Bitcoin has certainly shown the world that it has the potential to become an alternative to mainstream finances. The only way Bitcoin investment and transactions are manipulated are the number of users making transactions in the market. Hence, the more users in the Crypto trade, the more will be the price evaluation.

 

If you think that bitcoin’s price is prone to inflation, then let us add that there are only 21 million BTC in the market. Hence, forget about inflation.

 

If you are interested in owning your fair share of Bitcoin out of 21 Million, visit Golden Profit App.

Continue Reading

Trending