Cryptocurrency assets are growing rapidly nowadays. Crypto investment is a promising field in the era of digitalization. Examples of cryptocurrencies with the largest market capitalization, crypto bitcoin (BTC) and crypto Ethereum (ETH). While other asset classes have had their strong moments in global financial markets, including gold and real estate, no investment asset has grown as much as cryptocurrencies in today’s era.
In recent years, a wide variety of crypto assets have dominated the global crypto market time and time again. One of them is Shiba Inu. The historic journey of the SHIB token has left everyone in awe. More and more cryptocurrency exchanges are listing the Shiba Inu for trading, which raises awareness and builds community. Would you consider crypto trading? If so, you can go url!
The launch of the ShibaSwap decentralized exchange in July 2023 even allows investors to stake their tokens and more importantly encourages them to hold SHIB for a longer period of time. But SHIB also has its drawbacks, and because of this reality, there are several avenues that challenge Shiba Inu dominance.
Shiba Inu Coin is a crypto token that allows buyers to get SHIB in large quantities because the price is very cheap compared to other coins. SHIB has its own decentralized exchange platform called ShibaSwap. As much as 50 percent of the entire circulating supply of Shiba Inu coins is locked in Uniswap. The rest has been sent by Ethereum founder Vitalik Buterin to be burned some time ago.
Shiba Inu tokens use the Shiba Inu dog symbol, just like Dogecoin. SHIB experienced a high increase before the market crashed a few days ago. Reported by VOI.id, a market analyst, Susanah Streeter of Hargreaves Landsdown stated that the token has been created to emulate the success of Dogecoin. “This (token) features the same dog that became a meme and aims to emulate the success of DOGE which (successfully) turned a joke (coin) into a money-making machine,” Streeter said.
What kind of virtual money should you invest in? If we will not pretend to have the answer to this question, here are some elements of solution. But be careful, remember that investing in these assets is not without risk.
Bitcoin, a safe bet
Bitcoin may be one of the more popular alternatives to Shiba Inu. The crypto with the largest market cap offers real advantages in application, whereas, Shiba Inu has not been able to demonstrate such utility.
BTC is a peer-to-peer online currency, meaning that all direct transactions occur between independent network participants, without the need for an intermediary to permit or facilitate them.
For those who would like to invest in an asset with strong potential, while limiting the risks as much as possible, this is the solution. If its value has fallen at the start of the year, it is more than likely that it will recover, for several reasons. Its rarity, first of all, since there will never be more than 21 million Bitcoins. This virtual currency thus stands out from the euro or the dollar. The other argument concerns its adoption.
Bitcoin continues to democratize and the more people invest in it, the higher its price will also rise. This asset is now considered digital gold and is increasingly akin to a store of value. Some countries, such as El Salvador, even make it a national currency.
Ethereum is a decentralized open-source blockchain system featuring its own cryptocurrency, Ether. ETH serves as a platform for many other cryptocurrencies, as well as for the execution of decentralized smart contracts. Ethereum’s goal is to become a global platform for decentralized applications, enabling users from around the world to write and run software that is resistant to censorship, downtime, and fraud.
StellarFurthermore, the Stellar cryptocurrency is an open network that allows money to be moved and stored. One of Stellar’s main goals is to increase financial inclusion by reaching the world’s unbanked individuals. It also prioritizes switching to financial companies and connecting to each other via blockchain technology.
The Lucky Block, For Lottery Fans
If you are looking for an original cryptocurrency with potential, turn to the Lucky Block. Its objective is to breathe new life into the world of lottery, by offering a model hosted by the blockchain and therefore 100% decentralized. The project leaders present this asset as a response to the transparency issues that are driving players away in this sector.
From a more concrete point of view, this crypto-asset offers players from all over the world the possibility of playing the same lottery. The redistribution of winnings is improved thanks to the blockchain and the low costs of use. You should also know that 10% of the amounts are donated to associations or charities, on the occasion of jackpots. The last reason that will push you to buy Lucky Block, lost winning tickets is no longer a problem, since the platform will still pay the amount.
BNB, 3rd Most Important CryptocurrencyIf you are one of the traders using a certain platform to trade your crypto-assets, it is possible that you have already heard of BNB. And in case you don’t have any in your wallet yet, now is the time to fix that.
BNB is the third largest cryptocurrency by capitalization. In one year, its price has gone from 24 euros to more than 400 euros. This trend shows the potential of this currency. Its value is likely to increase further as the number of investors increases and BNB is used for trades and transactions.
The Basic Attention Token, A Strong Potential
Finally, the Basic Attention Token (BAT). This token was created by a company, which has set up a browser allowing you to choose your advertising and remunerate it according to your appreciation. In return, users can be paid in tokens, especially when they view certain content.
This token is a real bet for the future and it has high potential. It could therefore well be the asset to watch this year, especially if the number of browser users increases considerably. The cryptocurrencies presented therefore have great potential and their evolution depends, in part, on the number of investors and users. But as more and more people look into the subject, whether companies or individuals, it should be remembered that this type of investment presents risks.