Hi there! My name is Michael Jones. Welcome to the next video in this series. Investor and Crypto videos for beginners. Today, I am going to discuss which cryptocurrency is best to buy now for the future.
I will be discussing Meme coins, Bitcoin and Ethereum.
The cryptocurrency space could end up branching out into three different and distinct crypto market ecosystems.
1. ‘Meme coins’
This segment of cryptocurrencies could be categorized as investing for entertainment.
It is difficult to predict exactly how meme coin investments will turn out. But, they will be sure to have a place in the cryptocurrency ecosystem. Investors currently invest in the likes of Shiba and Dogecoin to feel a sense of community.
For example, Shibaswap will be launched soon as a decentralized exchange. Shiba Inu or SHIB holders will be able to partake in swapping and staking tokens, as well as in yield farming activities.
2. Bitcoin as ‘digital gold’
The next part of the ecosystem revolves around bitcoin. The digital token has often been cited as a potential competitor to gold, as a hedge against inflation and a safe-haven asset. However, bitcoin’s price volatility tends to be much higher as compared with gold.
Some market analysts believe that bitcoin is better than gold in some ways.
The cryptocurrency is limited to a maximum of only 21 million bitcoins that can be mined.
There are currently more than 18 million already in circulation. New bitcoin is created by computer users who solve complicated mathematical problems, using computer processing power and electricity.
Bitcoin will go up in future if everybody buys into the idea that you should hold some percentage of bitcoin in your investment portfolio, as a safe-haven hedge, similar to gold.
3. The Ethereum ecosystem
The third important ecosystem is Ethereum. Ethereum builds a whole business ecosystem around sectors such as decentralized financial services and smart contracts.
It will be driven by demand for those services and the growth of this new financial ecosystem.
Billionaire investor Mark Cuban is a firm supporter of Ethereum. He has said that the number of transactions, and the diversity of transaction types in the Ethereum ecosystem have great potential.
I would recommend having some exposure to all of the above exciting cryptocurrency ecosystems into the future, as the new and exciting crypto space starts taking shape.
For more Money and Crypto talks, please follow my YouTube channel.
I will be discussing Meme coins, Bitcoin and Ethereum.
The cryptocurrency space could end up branching out into three different and distinct crypto market ecosystems.
1. ‘Meme coins’
This segment of cryptocurrencies could be categorized as investing for entertainment.
It is difficult to predict exactly how meme coin investments will turn out. But, they will be sure to have a place in the cryptocurrency ecosystem. Investors currently invest in the likes of Shiba and Dogecoin to feel a sense of community.
For example, Shibaswap will be launched soon as a decentralized exchange. Shiba Inu or SHIB holders will be able to partake in swapping and staking tokens, as well as in yield farming activities.
2. Bitcoin as ‘digital gold’
The next part of the ecosystem revolves around bitcoin. The digital token has often been cited as a potential competitor to gold, as a hedge against inflation and a safe-haven asset. However, bitcoin’s price volatility tends to be much higher as compared with gold.
Some market analysts believe that bitcoin is better than gold in some ways.
The cryptocurrency is limited to a maximum of only 21 million bitcoins that can be mined.
There are currently more than 18 million already in circulation. New bitcoin is created by computer users who solve complicated mathematical problems, using computer processing power and electricity.
Bitcoin will go up in future if everybody buys into the idea that you should hold some percentage of bitcoin in your investment portfolio, as a safe-haven hedge, similar to gold.
3. The Ethereum ecosystem
The third important ecosystem is Ethereum. Ethereum builds a whole business ecosystem around sectors such as decentralized financial services and smart contracts.
It will be driven by demand for those services and the growth of this new financial ecosystem.
Billionaire investor Mark Cuban is a firm supporter of Ethereum. He has said that the number of transactions, and the diversity of transaction types in the Ethereum ecosystem have great potential.
I would recommend having some exposure to all of the above exciting cryptocurrency ecosystems into the future, as the new and exciting crypto space starts taking shape.
For more Money and Crypto talks, please follow my YouTube channel.
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