Cryptocurrency is slowly becoming a major player in the investment scene. As such, you should start to know some of the coins and tokens available that you could invest in. It won’t just be Bitcoin, as this article will show.
This coin is an interesting one, as it is the native currency of one of the world’s largest cryptocurrency exchanges, known as Binance. A native crypto coin on an exchange is quite a popular way to add utility through certain blockchain tokens. This helps users use the coin for a variety of roles on the platform, using its blockchain, known as the Binance chain.
If you didn’t know already, Ethereum is a coin launched only as recently as 2015 and was one of the first major players in the crypto world to take on Bitcoin and blockchain technology. It’s seen as an evolution in the crypto world, that allows for smart contract functions.
Ethereum is also a platform that has opened up a whole new world of distributed and decentralized applications to be built in the crypto world, and run off of it too. In many ways, you can think of Ethereum as a thinking computer, that offers a platform that doesn’t ever go down or has any instances of fraud from any third party, or even any interference.
The token for Ethereum is known as Ether and has been in the top three tokens for several years since its creation, after being capped by the market. If you want to learn more about the token, and when the best time to purchase it will be, then you should take a look at cryptocurrency price predictions from OSOM Insights, who offer expert advice and tools for you to take a magnifying glass to the market and find little details you would miss otherwise.
Tether has quite a major role to play within the cryptocurrency space. This is because it is one of the world’s most widely adopted stable coins. This means that it can regularly enjoy the benefits of being a crypto coin, such as being digital and borderless, without the worry of any price volatility.
In comparison, the value of Bitcoin can change at any time, due to it working as a currency. This means you could make double your money in a day, or lose everything. Stable coins are often seen as the future of money, as it offers lower costs, with safety for consumers and businesses. Tether in itself is matched against the US dollar, making it always worth exactly $1. This means that when you’re looking to spend crypto, the value of Tether would always be the same, and thus making it more desirable.
Lastly, whilst you most likely know all about Bitcoin, it’s still worth bearing in mind that it could be a good investment to make going forward. The market trend currently shows it’s rising, and whilst it will eventually drop, you should be keeping an eye on it. It’s fair to say that Bitcoin is here to stay, and will remain the most popular coin about, so you should always be watching it.