There’s a popular saying in the cryptocurrency market that traders should stick to projects that guarantee the biggest short-term or long-term profits. But traders often get confused when looking at the thousands of cryptocurrencies in the coin market. They can’t help but ponder – which cryptocurrencies should I purchase?
This piece has all the answers about cryptocurrencies to add to your portfolio to make it grow 5x. We’ll review the characteristics of these cryptocurrencies and why they should be part of your holdings.
Shiba Inu (SHIB) The First Meme Coin
Shiba Inu is one of the first meme coins in the crypto space. Shiba Inu was released after Dogecoin as a token that would drive the entire sector forward. This project was developed by a team called Ryoshi. They wanted to create a token that would eliminate the deficiencies of the token. Shiba Inu’s initial design is an improvement over Dogecoin, and the project can only keep getting better.
Unlike Dogecoin, which is continuously minted, Shiba Inu has a limited total token supply. Limiting this total supply ensures that the price of Shiba Inu can be regulated. The total token supply of Shiba Inu will be reduced through token burns. There have already been some notable token burns on the Shiba Inu blockchain. Shiba Inu was designed as an ecosystem to support other projects. The tokens of this ecosystem were SHIB, LEASH, and BONE.
Cosmos (ATOM) The Unique Utility
Cosmos is a cryptocurrency unlike any other. It will connect multiple blockchains. Furthermore, users can use this project to scale and interoperate. Because of Cosmos’s unique utility, it’s referred to as the Internet of Blockchains. This project will support different blockchains and allow them to transfer value and data.
This project can support multiple projects using a proof-of-stake consensus. Cosmos also lets you connect with multiple projects with a Tendermint consensus. ATOM is the ticker symbol of this project. Users will be able to stake their ATOM. You contribute directly to the project’s growth when you stake their tokens for a long period. You’ll be rewarded directly with ATOM.
Cosmos is an open-source, decentralized project. Users and developers can copy its code to use its framework for other projects. It’s interesting to note that by connecting multiple blockchains, Cosmos is solving the crypto space’s three main problems: sustainability, sovereignty, and scalability.
Rocketize (JATO) The New Meme Coin In Town
When you hear that a cryptocurrency is a meme coin, It means that the coin is used for nothing more than having fun. While this is true about many tokens, there are those that this saying doesn’t apply.Rocketize is at the top of this list. Rocketize is a meme coin that transcends the stereotype about this tokens category.
Rocketize is a meme coin, butDeFi features. This utility is like none other in the meme sector. This token combines the benefits of two popular industries in the crypto space. As a DeFi coin, users can use Rocketize to create smart contracts, decentralized projects, and business promotion. As a meme coin, Rocketize can be used by traders for fun purposes. Finally, Rocketize will be used to create NFTs.
This cryptocurrency operates on a deflationary system. This means that the number of coins in circulation will always drop. When Rocketize is released, 50% of the total token supply will be burnt. As the token grows older, other token burns will follow. Because the total token supply is reduced regularly, the price of the token will also increase exponentially. This scenario will be similar to artificial scarcity. JATO is the token symbol for the Rocketize project. It’ll be used to fuel the Rocketize blockchain.
Rocketize Token (JATO)
Presale:https://rocketize.io/buy
Website:http://rocketize.io
Telegram:
https://t.me/RocketizeTokenOfficial
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
Download The Mint News App to get Daily Market Updates.
More
Less
Credit: Source link