Top 5 Cryptocurrency

12/28/2021 08:45:55 +0000

What made millionaires today so rich? Are they doing more than 5 jobs that they can handle? Or are they in the business industry or running a famous store? That'll make you think twice: Why do these rich people keep getting rich without doing anything? Did you know that Vladimir Putin, the President of Russia, has something we call Cryptocurrency? A cryptocurrency named after Putin is now on trend, and its name is Putin Coin. Won't you believe it? Try this another one. Burger King coin is called Whopper coin. Yes! They're part of the Cryptocurrency world.

In today's modern era, buying goods in the mall or going to a gift shop is the opposite of an asset. Cryptocurrency, also known as "crypto," is a digital currency that can be used as a transaction in buying goods and stuff online using an online ledger that has strong cryptography for security. Not only does Cryptocurrency act as an online wallet, but it also has a track record to see if the value of a coin increases or decreases over time.

Cryptocurrency is legal and not illegal, don't worry. This year, Bitcoin was legal in the U.S., U.K., Japan, and other developed countries. Bitcoin is an example of crypto, and its value is one of the highest today in the marketplace. For starters, investing in crypto seems like a risk and gamble. Some may say that it is a scam and fraud, and others are eager to try it. Before investing in the crypto world, make sure to know which of these Cryptocurrencies best suits you.

Ethereum

Ethereum is the second highest-grossing crypto by market cap, after Bitcoin. This crypto has its programming language called Solidity, making it a secured crypto. Ethereum is blockchain crypto meaning its records and transactions are maintained across several system units that are linked to a peer-to-peer network. Ethereum made its first debut to the public in the year 2015, 6 years prior after Satoshi Nakamoto introduced Cryptocurrency to the market. Ethereum makes anonymous online transactions accessible everybody!

Dogecoin

You all probably heard of Doge? The internet sensation dog who captures the heart and laughter out of us because of its adorable and sweet look? Doge has become a meme for almost 8 years and still counting. There's no doubt the Doge is a star! But did you know that the wealthiest person today, Elon Musk contributed to the creation of Dogecoin? Yes! It helped drive the surge in value to the market after it was first released.

Sweet Love Potion (SLP)

One of the most popular NFT games, Axie Infinity, soars the popularity among nations when it was first released to the public in March 2018. You can gain SLP by playing Axie Infinity on your phone or personal computer. SLP are tokens that are used for breeding new virtual pets called Axies. It is also believed that SLP is the most unique and rare digital asset in the blockchain ecosystem because of its way of getting assets. Some players buy SLP Tokens directly to shortcut their earnings in the game instead of playing it every day.

USD Coin

USD Coin is a based crypto coin to a real USD. USDC is believed to be the world's digital dollar that Circle created. USDC is affixed with the actual USD, making it more consistent and stable. The consistency and stability of USDC to digital payments makes it more accessible to others, unlike with other Cryptocurrencies that have more potential to increase their value to the market and, of course, the risk of losing its value totally.

Tether

Tether was one of the first Cryptocurrencies that clamped its value to U.S. dollars. It was also a stable coin making its price stays at being stationary, equivalent to fiat currencies like dollar, yen, and euro. Investors also use Tether to ensure that it avoids any extreme volatility of other cryptos while holding the value within the market.

Final Takeaway

When engaging in the world of Cryptocurrency, you need to have an idea first before investing a large amount of money. The Crypto world is not a joke, and you may find yourself one day with a lot of debt just because you invest too much that isn't even part of your budget. Make sure that you do your research first before investing.

A Little Bit of Advice to our Aspiring Entrepreneurs

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About the Host

Sophie Howard is the founder of Aspiring Entrepreneurs, a community designed to help people develop the skills and confidence to build a business and a life that serves them. Sophie began online in 2013 with an Amazon firm, which she sold for more than $1 million in 2015.

Sophie has lectured on stages all around the world, encouraging and teaching other ambitious entrepreneurs. She has established instructional programs educating thousands of students how to sell online, in addition to releasing over 1000 products.

Sophie has also written a book titled "Aspiring Entrepreneurs: A Guide to Finding Your Best Path to Financial Freedom."

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