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In addition to Bitcoin what other currencies are worth investin

Date:2024-08-17 18:04:45 Channel:Wallet Read:

 In addition to Bitcoin, which digital currencies are worth investing in?

With the development of blockchain technology, the digital currency market is evolving rapidly. As a pioneer in the market, Bitcoin has attracted the attention of a large number of investors, but in this diversified market, in addition to Bitcoin, there are many other digital currencies that also have investment potential and are worth paying attention to. This article will take an in-depth look at several digital currencies worth investing in, analyze their characteristics, market performance, and future potential, and help investors make more informed decisions.

First, let's look at Ethereum. As the second largest digital currency, Ethereum is more than just a currency. It is a decentralized platform that supports the development of smart contracts and decentralized applications (DApps). Ethereum's smart contract function has given it an important position in blockchain technology, and many startup projects choose to issue tokens on Ethereum, forming a huge ecosystem. For example, many projects in the field of decentralized finance (DeFi), such as Uniswap and Aave, are based on Ethereum. With the booming DeFi and NFT (non-fungible token) markets, the demand for Ethereum is also rising. Although Ethereum faces problems with high transaction fees and network congestion, its ongoing Ethereum 2.0 upgrade will help solve these problems and improve its scalability and security. Therefore, Ethereum is undoubtedly an investment object worth paying attention to.

Next up is Binance Coin (BNB). Binance is one of the world's largest cryptocurrency exchanges, and BNB is the core asset in its ecosystem. Initially, BNB was issued as a trading fee discount token for the exchange, but as the Binance ecosystem has expanded, BNB's uses have continued to increase. Users can use BNB to participate in Binance's IEOs (Initial Exchange Offerings), pay trading fees, and make loans. Binance continues to launch new products and services, which has led to a growing demand for BNB. In addition, Binance also reduces the amount of BNB in circulation through a regular "Binance Coin Destruction" mechanism, thereby increasing its value. Therefore, as a practical digital asset, Binance Coin deserves investors' attention.

In addition, Cardano is also a project that cannot be ignored. As a blockchain platform based on scientific philosophy, Cardano is committed to providing a secure infrastructure for smart contracts and DApps. Its founder, Charles Hoskinson, was once the co-founder of Ethereum. His philosophy in Cardano is to promote the advancement of blockchain technology through peer-reviewed academic research. The uniqueness of Cardano lies in its layered architecture, which allows for more flexible upgrades and improvements. With the introduction of smart contract functions, Cardano's ecosystem is also growing, attracting more and more developers and projects. Therefore, for investors who want to invest in emerging blockchain technologies, Cardano is an option worth considering.

Another digital currency that has attracted much attention is Solana. Known for its high throughput and low transaction fees, Solana is a blockchain platform focused on decentralized applications and crypto projects. Solana's unique consensus mechanism, "Proof of History", enables it to process a large number of transactions in a very short period of time, making it a popular choice for DeFi and NFT projects. In recent years, Solana's ecosystem has expanded rapidly, attracting a large number of developers and users. Especially in the rapid rise of the NFT market, Solana has demonstrated its strong potential. Although Solana is relatively new, its technological advantages and rapidly growing community make it a very attractive investment option.

In addition to the above digital currencies, Polkadot is also worth paying attention to. Polkadot's goal is to achieve interoperability between different blockchains, allowing them to share information and value. Through its unique parallel chain architecture, Polkadot is able to support multiple chains running in parallel, thereby improving the scalability and flexibility of the network. Polkadot's founder, Welsh Hoskinson, is also the co-founder of Ethereum. He has implemented many innovative ideas in Polkadot. Polkadot's ecosystem is constantly expanding, and more and more projects choose to build on Polkadot. Therefore, Polkadot is not only a representative of technological innovation, but also an investment opportunity with great potential.

When considering investing in digital currencies, in addition to technology and market potential, investors should also pay attention to the project's team and community support. A strong team and an active community are often key factors in a project's success. For example, Chainlink, as a decentralized oracle network, has been supported by many well-known projects and has become an indispensable part of the blockchain ecosystem. Chainlink broadens the application scenarios of blockchain technology by providing reliable external data, enabling smart contracts to interact with the real world. As more and more projects need to access external data, the demand for Chainlink is also increasing. Therefore, Chainlink is also an investment option worth considering.

Of course, investing in digital currencies is not without risk. Market volatility, regulatory uncertainty, and technical issues are all factors that investors need to be cautious about. Therefore, when choosing digital currencies, investors should conduct sufficient research and analysis to understand the background, technology, and market prospects of each project. At the same time, diversification is also an effective strategy to reduce risks and avoid investing all funds in a single project.

In short, the digital currency market has great potential. In addition to Bitcoin, Ethereum, Binance Coin, Cardano, Solana, Polkadot and Chainlink all have their own unique advantages and market prospects. Investors should choose digital currencies that suit them for investment based on their risk tolerance and investment goals. With the continuous development of blockchain technology, the future of digital currencies will be brighter, and investors will find their own way to wealth in this market full of opportunities. I hope that every investor can maintain a keen insight in this rapidly changing market, seize opportunities and achieve wealth growth.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


As we all know, Bitcoin is now a rising star in the investment world. When I first heard about Bitcoin, one coin was worth more than 400 US dollars. Later, it was more than 8,000 US dollars. Now it is more than 20,000 US dollars. This shows the value of Bitcoin. With the rise of Bitcoin, various digital currencies have appeared in the digital currency market. However, some of these digital currencies have been recognized by the public, while others have disappeared in the digital currency market. So, besides Bitcoin, what other coins are worth investing in? The following editor of the Coin Circle will tell you.
 Besides Bitcoin, what other coins are worth investing in?
1.ETH-Ethereum
Ethereum has a market value of US$69.657 billion, accounting for 11.22% of the global total market value, a total circulation of 113 million, a 24-hour trading volume of US$8.509 billion, and is listed on 326 exchanges.
Ethereum currently ranks second in market value. It has its own value and can be used to create decentralized programs, autonomous organizations and smart contracts. Smart contracts have many potential applications. Bloomberg Businessweek calls it "software that is shared by everyone but cannot be tampered with." More advanced software may use Ethereum to create online stores. Because of ICO, its price reached more than 10,000 yuan at its peak. Of course, this has also become one of its weaknesses. When the project party sells, its price also follows suit. More importantly, Ethereum is also extremely congested. I hope the Ethereum team can become more and more perfect.
2. BSV - Bitcoin SV
BSV has a market value of 3.133 billion U.S. dollars, accounting for 0.45% of the global total market value, a total circulation of 18.2716 million, a 24-hour trading volume of 1.286 billion U.S. dollars, and is listed on 153 exchanges.
BSV (Bitcoin Satoshi Vision) The "SV" in it is Satoshi
The abbreviation of Vision (Nakamoto Vision), aims to realize the original vision of large-scale on-chain expansion and become a global peer-to-peer electronic cash and value data transmission network. BCHSV, it will become an alternative chain in the hard fork.
His direction is supported by Craig Wright BCHSV chain will use and follow Satoshi
The original specifications outlined by Nakamoto in the Bitcoin white paper, hence the name SV or “Satoshi
Vision". For the contentious hard fork, which is proof that the only practical difference between BCHSV and BCHABC is that SV will have a larger block size for the network, at 128MB.
3. BCH - Bitcoin Cash
The market value of Bitcoin Cash is US$5.483 billion, accounting for 0.88% of the global total market value. The total circulation is 18.274 million, the 24-hour trading volume is US$4.967 billion, and it is listed on 251 exchanges.
BCH is one of the forked coins of Bitcoin. It follows the route of large-block ecological development with on-demand expansion. Its biggest feature is the low transfer fee. In addition, among POW coins, it is the safest one in terms of computing power security except for Bitcoin. It also has a reorganization protection function. It cannot be rolled back after six blocks and is difficult to be attacked by 51.
4. XRP
The market value of Ripple is 15.045 billion US dollars, accounting for 2.18% of the global total market value. The total circulation is 43.685 billion, the 24-hour trading volume is 8.161 billion US dollars, and it is listed on 238 exchanges.
Ripple is the world's first open decentralized payment network platform, currently ranked fourth in market value. The price of the currency has always been relatively stable, it has many fans, and a very active community. It is listed on 201 exchanges and has a very wide trading depth. The stable price of the currency indicates that there are many users and a high consensus. In the future, it is likely to support all virtual digital currencies. I believe the future will be better.
5. LTC-Litecoin
Litecoin has a market value of US$7.003 billion, accounting for 1.13% of the global total market value. The total circulation is 63.997 million, the 24-hour trading volume is US$7.657 billion, and it is listed on 287 exchanges.
The creator of Litecoin, Charlie Lee, graduated from MIT and was once an employee of Google. He designed Litecoin in 2011. This person's name sounds like a Chinese person, and he is actually Chinese. Litecoin was born on October 7, 2011, and it has a history of eight years. The total amount is 84 million, and 63.7 million have been mined so far. The highest unit price is 2,000 yuan, and the current price is about 410 yuan.
6.LINK
LINK has a market value of US$4.694 billion, accounting for 0.75% of the global total market value, a total circulation of 902 million, a 24-hour trading volume of US$1.026 billion, and is listed on 171 exchanges.
LINK is an ERC20 standardized token based on the Ethereum blockchain, which is used to pay Chainlink node operators to retrieve data from off-chain data, format data into blockchain readable format, off-chain calculations, and guarantee uptime. Chainlink tokens as part of running nodes can prevent bad actors. 1. Project Introduction The first decentralized Oracle network allows anyone to securely provide smart contracts, access critical external data, offline payments, and any other API functions.
7. BNB-coin
Binance Coin has a market value of US$4.854 billion, accounting for 0.88% of the global total market value, a total circulation of 149 million, a 24-hour trading volume of US$1.219 billion, and is listed on 67 exchanges.
Binance is the largest and most prominent platform, and its platform coin BNB is naturally highly regarded. Although the platform coin model was not first created by Binance, it was indeed promoted by Binance, and it has established its first-mover advantage. At present, its market value is equivalent to the sum of OK and BTC, which are also leading platforms. In addition, its previous trend was relatively strong. In last year's IEO bull market, it was also a mainstream coin that hit a record high. At the same time, Binance regularly uses platform revenue to repurchase and destroy BNB. With Binance's annual profitability of hundreds of millions of dollars, BNB has good deflation.
8. ADA
The market value of Cardano is US$3.819 billion, accounting for 1.01% of the global total market value. The total circulation is 25.927 billion, the 24-hour trading volume is US$1.188 billion, and it is listed on 108 exchanges.
Ada is known as the Ethereum of Europe, and its market capitalization is very consistent with its position in Europe. It is currently ranked tenth in total market capitalization. This is the token of the Cardano protocol and can be used to send and receive digital funds. Fast and direct transfers are made possible by encryption technology to ensure security.
9. XTZ
XTZ has a market value of US$3.085 billion, a total circulation of 737 million, and a 24-hour trading volume of US$283 million.
Tezos is a self-healing blockchain that can upgrade itself over time. Stakeholders can vote on amendments to the protocol, not limited to any factors that reach consensus on the proposal. Like Ethereum, Tezos supports smart contracts and provides a platform for others to build decentralized applications (Dapps) on it. It features support for smart contracts, has its own smart contract language, and for the first time proposed code-made transactions and network consensus mechanisms that are proven by mathematics to solve the current thorny network upgrade fork problem.
10. DOT-Polkado
Polkadot has a market value of US$4.493 billion, accounting for 0.78% of the global total market value, a total circulation of 902 million, a 24-hour trading volume of US$1.243 billion, and is listed on 100 exchanges.
The Polkadot community voted to split DOT 100 times. This is a DOT that has been split 100 times. Polkadot will realize a completely decentralized Internet where users have full control. It envisions an Internet where everyone's identity and data are controlled by themselves: not influenced by any central agency. Polkadot aims to connect private chains, consortium chains, public chains, open networks and oracles, as well as future technologies that have not yet been created. Polkadot facilitates the Internet, and independent blockchains can exchange information and transactions in a trustless manner through Polkadot's relay chain.
Finally, the editor of the currency circle reminds investors that if they are not familiar with the market, they must not trade at will. After all, it is an investment of real money. Now the market is full of a large number of air coins and zero coins. A little negligence may turn them into nothing. Before buying a coin, it is best to go to its official website to read the white paper to see if it is logical and whether there is a future trend.

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