Single income streams are a thing of the ancient past. Diversifying your income streams should be a priority if you have not already achieved it. Cryptocurrency has got tails wagging for quite a while now as a major investment option for people looking to make good profits on investment. Here are a few coins that have the potential to give you a big payday in the next 12 months.
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What is Cryptocurrency?
A cryptocurrency is a digital currency managed by an impenetrable centralized system called blockchain technology. Bitcoin is the most popular bitcoin there is in the market today. However, a few other promising up-and-coming cryptocurrencies in the market are showing great potential for investors. They include:
- Ethereum
Ethereum is not as old as Bitcoin, but it’s also not as young as some coins on this list. Ethereum is not as valuable as Bitcoin, but it has a neat trick behind its sleeves. Ethereum crypto coin is not in unlimited supply like other cryptocurrencies. Because the coin has a cap, the coin is anticipated to sell out and start increasing in value as demand increases and supply remains constant. If you’re a patient investor, you will enjoy the benefits of investing in Ethereum. One downside to owning Ethereum is that making a transaction may take a little bit longer than Bitcoin because it uses one lane for transactions.
2. Binance Coin
Binance coin joined the crypto world in 2021 and quickly rose in value from 38 dollars per coin to a whopping 638 dollars in just three months. It’s safe to say that initial investors enjoyed handsome returns on investment. Following this trend, the coin has maintained steady growth despite upgrades that left systems down for days. If you would like a crypto coin that is virtually guaranteed to bring in profits, then Binance Coin is your best bet.
3. Bitcoin
Bitcoin has been in the market for the longest time compared to other crypto coins. It is not hard to see why it has the upper hand in the market, being a cryptocurrency pioneer. The coin also offers a market cap that is higher than most other crypto investment options in the market. A word to the wise does not invest in Bitcoin if you do not have the stomach for risk because Bitcoin tends to fluctuate drastically at a moment’s notice.
4. Cardano
Cardano has earned a spot in the crypto world by keeping its technology up to speed. The coin has created a reputation as one of the fastest-growing crypto coins in the industry. Cardano has the potential to be a major asset in your investment portfolio as it takes steps towards creating a decentralized application that can be accessed from multiple devices and locations. This will make access and transactions much faster and safer for users.
Final Thoughts
Investing in cryptocurrency is not for the faint-hearted as it poses its own unique challenges, including the large sums required to make a substantial investment. Cryptocurrency can also be prone to sharp fluctuations that could put your investment in danger if you are not patient.
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Disclaimer
The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.
Source: https://thecryptobasic.com/2022/09/03/which-crypto-coin-can-make-you-money-big-time/?utm_source=rss&utm_medium=rss&utm_campaign=which-crypto-coin-can-make-you-money-big-time