CJ - Crypto Speculator
Cryptocurrency is a high-risk, high-volatility investment for short-term investors, claims MicroStrategy Inc. CEO Michael Saylor. However, for someone with a 10-year horizon, it is a low-risk store of value. Bear markets can result in investor losses, but they can also present opportunities for higher returns with careful planning.
We examine three cryptocurrencies that are worthwhile below.
The native token of Cardano, or ADA, is a proof-of-stake blockchain network with a variety of applications. In the list of the top cryptocurrencies, only Bitcoin (BTC), Ethereum (ETH), and BNB are ranked higher than ADA. The ADA community on Twitter is probably the most well-known in compared to BTC and ETH. During the previous market meltdown, ADA remained steady and fluctuated between $0.5 and $0.42, while BTC and ETH saw losses of approximately 30%.
The blockchain-based digital payment network and protocol Ripple's native token is known as XRP. In order to support cryptocurrency payment services, Ripple recently forged a number of partnerships with well-known businesses that have accepted cryptocurrencies.
UNI is the utility token issued by Uniswap, a decentralized cryptocurrency exchange well recognized for its automated trading of DeFi tokens. In 2020, UNI, the platform's governance token, was airdropped to the exchange's present users to raise awareness of it. UNI is one of the top 19 with a market valuation of more than $4 billion. Last month, Uniswap hit the $1 trillion volume milestone with 3.9 million addresses, suggesting enormous potential for growth.
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