Getting into the crypto trade is something that a lot would agree with as they are charmed by the popularity of the many virtual currencies available today. Even gamers will want to make use of this trend and have a source of passive income.
There are many benefits to crypto trading and using digital currencies and the profit potential is one of them. But to make use of this potential you’ll need to learn how to trade and the gaming industry can help you with that.
Virtual currencies have already found a place for themselves in the industry as viable payment methods at online stores. But they appear as inspiration for many developers. In other words, there are all kinds of crypto games that developers are responsible for.
Trading card games and matching games are only some of the games you’ll come across in the newly formed crypto gaming market. Trading simulators are parts of this bunch of games and are ideal for teaching new traders how to trade.
They focus on different aspects and cover various virtual currencies. But they’ll give you the proper training you need as a trader. If you don’t know what to start with, then here are some suggestions:
Predicting the value of an asset is what makes or breaks a trader. In other words, it’s an essential skill for any crypto trader and Spark Profit makes sure you learn it. You’ll practice it on a virtual market and will be rewarded with points for every correct prediction and lose points for every wrong one. It’s a simple but effective way to learn the skill. But it’s not entirely necessary to learn anything if you want to practice crypto trading. This means you can go for a trading platform like BitIQ trading platform.
The platform will do the trading in your stead, but you’ll need to set it first. To do this you’ll need to be familiar with the settings, how they work and how to adjust them. So, you’ll need to create an account and deposit a small amount of money to trade with. With that out of the way you can move on to the tutorials and you’ll be able to practice these skills on a demo account. When that’s done you can go for a live session after which you’ll be able to enter the real world of crypto trading.
Unlike Spark Profit, Altcoin Fantasy is a simulator that focuses on the basics. So, you’ll learn how to buy and sell assets with real-time prices on a virtual market. Also, you’ll learn how to analyze the market which is just as important as having a grasp on the basics.
Then there are the competitions. You’ve got plenty of them and you can join them to sharpen their skills. If you happen to beat the competition then you’ll be rewarded with first place. The prize is made up of a specific amount of any digital currency you fancy.
This is another trading simulator that focuses on the basics with no special skills in addition. In other words, CoinMarketGame gives you buying and selling assets and teaches you how to do this expertly. After some practice you’ll be a professional and buying and selling the assets on online exchanges will be second nature to you.
Once you’ve learned the skills, it’s time to choose the right virtual currency. There are plenty of them so choose carefully. The right wallet is also a must. So, go over the various wallets online and take your pick. Keeping an eye on the value of your chosen digital currency is a good idea because any changes will prompt you to adapt and you need to do so to be a successful trader.
Top 5 Performing Altcoins In2021
Alttcoins are an umbrella term used to refer to cryptocurrencies that serve no identifiable purpose in the crypto community. The value of any shitcoin is based solely on speculation and most of them turn out to be complete failures. Many developers create shitcoins for different reasons and publicize them in the hope that investors will buy into the vision for the company and purchase tokens in grooves but this is rarely the case. Most coins go to zero after the first price rally and some developers might even rug pull the project. It is important to know which shitcoins to invest in before placing your funds in any project. There are a few shitcoins that performed well in 2021 and we want to take a look at some of them in this article.
What Are The Top Five Performing Alttcoins In 2021?
Shiba Inu (SHIB)
Shiba Inu is the 11-largest cryptocurrency by market value and they gained this position in the space of one year. This meme coin tagged after a Japanese hunting dog has gained recognition from US gold buyers and other reputable investors. It witnessed a 5 million percent increase in the last few months and investors have speculated the value to rise even further in the next few years. Shiba Inu is listed across many centralized cryptocurrency platforms and this means you can trust the coin
Safe moon launched in March 2021 and it has a market capitalization of 1.3 billion dollars as of (September. 2021). Safe moon rose over 20,000 percent within the first few weeks of its release. However, it also lost 80 percent of its value shortly after this period. Safe moon is designed to be a medium of exchange like Bitcoin and the developers regularly control the price to keep it valuable. Safe moon is speculated to experience another bull run in the coming months.
Dogecoin is a meme coin that gained recognition from Elon Musk in 2021. Since its popularity spiked in the market, investors poured more funds into the project and it has seen a steady increase ever since. The price of dogecoin has skyrocketed over 12,000% since January and speculators predict it could rise further in the coming months. It is currently priced at 27 cents (October 2021) and speculators say it could rise as high as 1 dollar by 2025.
Dogecoin is listed on Bitcoin loophole UK, Binance, Crypto.com, and other major cryptocurrency exchanges which makes it safe to trade and hold over the long term.
The REDFOX Labs created RFOX to service Southeast Asian markets with scalable blockchain technology. It describes itself as the first blockchain venture builder in southeast Asia and it has witnessed significant acceptance in 2021. The current price of RFOX stands at 0.11 USD and it records over 3.5 million trading volume every day. It is listed on centralized exchanges which makes it a bit safer than other altcoins.
Wakanda Inu is similar to the Shiba Inu project. It is an African meme token that has gained traction all over Africa and the world. The coin was launched in early November 2021 and its steady price increase and robust community make it a choice shitcoin to invest in. However, the price volatility has not played out and it is still early to tell if Wakanda Inu will be a success or not.
If you want to invest in altcoins, it is important to do your research and make sure the project has a higher chance of success than failure. Also, you need to invest only what you can afford to lose because shitcoins are volatile and their prices can easily drive down to zero.
Companies that are Embracing Cryptocurrency
What started out as an internet experiment, only somewhat known in underground internet communities, has now blown up to become a huge cultural force. Bitcoin, and cryptocurrency in general, has taken the world of finance and investment by storm, becoming, by far, one of the most popular investment choices, especially among younger generations.
In surveys, 70 percent of the American population now claims that they are either investing, looking to invest, or interested in bitcoin, or cryptocurrency. Not to mention, 25% of millennial millionaires have a large sum of their earnings invested into bitcoin, and an even larger percent of millennial investors have most of their investments in bitcoin.
Bitcoin is also becoming much more popular among artists, and musicians, some of which have recently started to accept crypto payments for their art, music, concerts, etc. Even Hollywood is becoming open to cryptocurrency, with films being released who accept cryptocurrency in exchange for tickets.
The popularity of Bitcoin, and cryptocurrency, is largely thanks to the numerous crypto trading sites which have emerged all over the cybersphere. Sites that make investing easier than ever before, thanks to their user-friendly interface, and the investment tutorials many of them offer to new investors looking to get a piece of the pie. On top of that, sites like bitcoin-billionaire.net use state-of-the-art, military grade encryption technology to keep their users’ personal data and information safe. Most of these websites have open reviews, which will show tens of thousands of satisfied customers, so if you are curious to get into the world of crypto trading, head on over to one of these sites, look over their reviews and start your journey into the world of crypto.
But, of course, with cryptocurrency’s massive increase in popularity, companies are beginning to get wise to the future, and have started accepting crypto-based payments. Many believe that in the future, more and more companies will open their eyes to the potential of cryptocurrency. For now, the number of companies who have accepted crypto is respectable, and we are going to list just a few of them in this article.
Last year, Starbucks tested their first ever digital wallet and, to the surprise of many, it was a huge hit, with over 500 000 users accepting the prototype. Thanks to the success of the test, customers of the coffee chain can now use the Bakkt app to pay for any drinks, sweets, and any other goods Starbucks has to offer.
Elon Musk, the CEO of Tesla, has been a long-time supporter of cryptocurrency, and Bitcoin especially. In February 2021, Tesla, as a company made a $1.5 billion investment in bitcoin, and announced that they will soon be accepting crypto-based payments for their vehicles. This decision has recently been thrown into question, however, as Elon Musk himself has stated that until miners find a way to use renewable energy in order to mine bitcoin, the company will put bitcoin transactions on hold. Since efforts have been made by bitcoin miners to go green with bitcoin mining, the promise by Elon Musk seems to be coming to fruition sooner, rather than later.
There is no bigger commendation for cryptocurrency than the fact that the biggest tech company in the world is accepting bitcoin payments. Not only can Microsoft users use bitcoin to purchase a number of services from the company, such as Xbox Live, Skype, etc., but the company has also launched ION. ION is a authentication platform launched in March 2021, on the Bitcoin network, which serves to create digital IDs in order to authenticate the identities of online bitcoin users.
What are the Main Benefits of Using Ethereum for Your Enterprise?
If you have a business, the world is wild, and you must innovate or perish. There are no two ways about this. One of the best ways of keeping the wheel of innovation running is adopting the latest blockchain technology, which has a very high potential to solve most of the challenges businesses face. A good example is instant payments, which imply that your clients do not have to wait for days, the way it happens with bank transfers. However, there is a challenge in selecting the preferred blockchain because they are so many.
In this post, we will look at one of the high-potential blockchains, Ethereum, and highlight the main benefits that you should anticipate for adopting it in your enterprise.
Important Facts about Ethereum
Ethereum was launched in 2015, about six years after the pioneer blockchain, Bitcoin, was started. At the time of launch, it looked like an extendable and more performance-based model of crypto compared to Bitcoin. It was designed to address the shortcomings of Bitcoin.
What makes Ethereum outstanding is its programmability, especially agreements that make it possible for transactions to self-execute. These digital agreements, commonly referred to as “smart contracts,” allow for limitless conditions, formats and can even call other contracts. This means that Ethereum, unlike Bitcoin, is not just a means of payment, but can be applied in a wide range of enterprise operations, including supply chains, trade finance, government registries, real estate, and energy grid.
When it was established, Ethereum was using proof of work (POW) protocol, but this model has come under sharp criticism, making Ethereum to look for an alternative. Now, the blockchain is in the process of moving to a proof of stake (POS) consensus system, which requires one to only have some stake on the network to qualify to confirm transactions and vote in the network.
What are the Benefits of Using Ethereum?
Ethereum was designed to be a low-cost and flexible platform for cooperation between different parties. When it comes to operations, Ethereum works as a public ledger, but it features additional layers that businesses can use to plug their operations for greater efficiency. Here are some of the main capabilities and benefits of using Ethereum.
● Private Transactions: Your enterprise can achieve high levels of privacy in Ethereum by embedding its operations on the blockchain layers. Even when your standard operations, perhaps in a financial transaction, require the use of know your customer (KYC) protocol; the information is not shared by network participants.
● Scalability: With time, you want to see your business grow, right? The new proof of stake (POS) targeted by Ethereum, custom block size, and gas limits make it easy to grow because it can handle hundreds to thousands of transactions per second. Newer technologies such as sharding and off-chain operations on the blockchain also give additional room for enterprise scaling to higher numbers of transactions.
● Tokenization is Easy: Your Enterprise can tokenize any asset, from works of art to real estate, and make the tokens a commodity for sale. This means that you can break down otherwise monolithic assets to grow your line of products. In March 2021, Mike Winkelmann, commonly known as Beeple, sold a print for US $69 million as a non-fungible token. Another case of successful tokenization is the first tweet on Twitter, which Dorsey sold for US $2.9 million. You, too, can use this avenue to raise millions of dollars for your business.
As you can see, Ethereum is a blockchain and crypto on a steady growth mode and you have so much to benefit from it. Remember that for your business to implement it; you will need to understand how the blockchain works, have the right wallet, and a clear strategy. You might also want to adopt ETH for use in all services/ products or just a few. No matter the way you prefer, it will be a great idea to consider working with experts when adopting Ethereum.
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