Top 10 cryptocurrencies small business

It is essential to understand the cryptocurrency market, especially for small businesses. As a company that gives you the services of our business online, we could be interested in the new and exciting cryptocurrencies. We are one of such companies.

With the interest of many investors, the best cryptocurrency was Bitcoin. These days, it has become a good option to start your financial life. Many businesses have been involved in this digital currency that can be used as an alternative for transactions with different platforms. This means that they can generate more money than their competitors. Due to its high popularity, people started to use Bitcoin instead of traditional currencies. Also, it will replace gold due to its great safety and transparency.

So, what are the top ten cryptocurrencies? The following list contains the most popular cryptocurrencies you may want in your portfolio. For each of them, I will explain how it works, why you need it, and the benefits it offers for your business. So let’s take a look at these coins.

1) Ethereum (ETH) – ETH is the world’s first decentralized finance platform based on blockchain technology. In other words, this cryptocurrency supports decentralized exchange. Also, it is easy to make payments in the future by storing them in the wallet and transferring funds, which is convenient thanks to Blockchain Technology. Not only does it have large applications and uses, but it also functions like PayPal, Facebook Pay, Google Pay, eBay, Uber, etc. You can learn more about this cryptocurrency here.

2) Litecoin (LTC) – Litecoin is the second most widely-known cryptocurrency. The name ‘Litecoin’ stands for light’. It is easy to use and it can be transferred instantly without any problems. Lately, some celebrities like Rihanna, Drake, and Snoop Dogg have launched successful campaigns using this cryptocurrency. If you love the sound of music, you can try out Litecoins. It’s fast and sustainable. Nowadays, there are two main ways for beginners to earn extra income with cryptocurrency. First, they can invest in cryptocurrency mining. Second, if you buy and sell Litecoins from exchanges, you can make extra income. You can follow my personal recommendations to start investing in cryptocurrency mining. By using mining, you will get bonuses every time the network reaches 100% of supply. After choosing the cryptocurrency platform where you want to invest your funds, here are the steps to begin. First, choose one of the crypto exchanges you want to create accounts for. Next, set up your trade. Then, complete the KYC process. And finally, create your account online. With the help of this platform, you can easily transfer funds. There is no limit to the number of dollars you can trade, so you can do everything by yourself. However, when you’re ready to go further, you can buy Litecoins, BTC, or BCH. To purchase LTC, visit https://www.litecoin.com/

3) Cardano (ADA) – ADA is another cryptocurrency that was created to support the Decentralized Finance Network. At present, it can be traded in USD, EUR, GBP, AUD, and HKD. According to our research, ADA has achieved massive progress in terms of development this year. We don’t know when the next changes will happen, but this currency will replace traditional money soon enough. Moreover, according to previous reports, the total volume of users’ activity on ADA is increasing impressively. It is one of the most trusted and well-known tokens on the Internet. You can find information on our website.

Read more: Top Cryptocurrency Trading Platforms

4) Polkadot (DOT) – When Polkadot appeared, a revolution was born. Do you think how much better it is now compared to earlier tokens? Let me answer this question. According to the latest data from Coin Market Cap, this token has already gained almost 2 Million USD liquidity. This cryptocurrency also possesses several qualities that make it stand out and attract attention. What attracts attention the most is the fact that all transaction costs on the network are hidden. They remove fees and charges for sending. Also, it combines three types of solutions on its platform. Each solution is a block that stores a payment for a specific user’s activity. On top of that, the native coin is called DOG. This cryptocurrency is also a smart contract, meaning that there is no central authority controlling it. Here is the image of Polkadot. If you’re looking ahead to the global economy, then you have to have a solid understanding of this currency. Some things will shock you: 

1) Your mobile wallet is connected to the internet. You will find a lot of apps on your phone. 

2) All transactions are recorded in its system. 

3) You can access any app in the same way you do on the web. 

4) Using DOG instead of bitcoins is not legally allowed, yet it is still possible. 

5) But do you know that DOG has a faster network connection so that many transactions are processed instantly. How come? Because all nodes are located in the largest cities. Also, this currency is free — all of them. Its price is between 0% - 3% lower than regular Bitcoins. 

Our recommendation for DOG trading: 

1) Buy it on GDAX. You can easily withdraw any amount, at any time and place on Earth. 2) A minimum amount of $100. 

3) Get 20% of DOG. 

4) Use 50 ETH. Remember — the higher the cost, the more you get.

5) XRP Coin (XRP) – It’s the second most valuable cryptocurrency after Bitcoin. Like other coins, Rop is not always worth 1 USD, especially with the rise in value. Therefore, the majority of traders prefer to keep the prices low so that they have plenty of room for profits. When it comes to investments, you don’t have to pay attention to their price. The most important thing for us, however, is the fact that it has a highly scalable ecosystem.

That allows numerous projects to work around this currency. Currently, there are over 1000 open projects supported by thousands of community members. And they believe that this cryptocurrency has the power to change the world. Don’t forget that the biggest problem with the current centralized bank is that it creates monopolies. That is why the best choice is to work with the decentralized one at the moment.

6) Chainlink (LINK) – Chainlink is the third most popular cryptocurrency in terms of its value and its growth. Even though it’s hard to control their activities, chainlink remains active even though its team and CEO were arrested by Russian authorities. This cryptocurrency is built with real-life examples. According to them, the biggest benefit of Chainlink is being able to send and receive money in a fully controlled environment. It can have over 15 thousand clients from diverse backgrounds and regions. We hope that you realize how the possibilities are available to build your projects with LINK? You can read our blog post and check out what we’ve found in detail.

7) EOS.IO (EOS) – Another cryptocurrency that doesn’t exist today is the ethereum.io token. People had considered this coin a dead one, but recently it appears again. Now, it’s the highest valued cryptocurrency on the market, it isn’t worth anything, but it’s still relevant. As I said at the beginning, we don’t have a clear idea when the next big changes will occur. One thing that can certainly contribute to the cryptocurrency’s success is the possibility to create a whole ecosystem. That means that developers, merchants, and buyers can collaborate freely with each other. An example of the potential is a card game called Apex Legends. Thanks to the ethereum.net technology, you can develop games within this framework and collect digital assets in return.

8) Dogecoin (DOGE) – Dogecoin, sometimes known as Shiba Inu, was created in 2013. In general, this cryptocurrency is the result of a competition to raise awareness surrounding artificial intelligence in the entertainment industry. The project was based on a Shiba Inu dog, who started to talk about his theory during the 2014 Japanese Olympics in Sochi. Still, despite being controversial, it became extremely popular. Due to the popularity of this cryptocurrency, hundreds of countries issued their own Dogecoin. Also, after that, millions of users came on the world wide web. Since then, this cryptocurrency has undergone rapid growth, becoming the most valuable cryptocurrency by market cap. In addition to that, it is possible to use this currency as a cashback bonus for a particular service. For instance, a delivery company might charge you 50 USD a night. If you use Dogecoin to pay for the courier, you can save on your order, which will be in the hundreds. The seller will thank you with the full discount for a good cause.

9) Ripple (XRP) – The last cryptocurrency we’ll discuss today is the Ripple network. Being based on Blockchain Technology, it is made by banks and other organizations. The key goal of Ripple was to offer quick and cheap transfers. It is very useful for the international payment. Also, it is useful for cross-border payments on credit cards as it is the standard payment method for banks. Due to its security, no major banking institutions are willing to share their keys. Instead, they would prefer to develop their own cryptocurrency (or a stablecoin). According to that, Ripple chose to issue one of these stablecoins. Sooner or later, Ripple should win in the market. Today, Ripple is considered safe and secure. The advantage is that it has a fairly large reserve on BSCO. Still, we are not sure whether it’s the right decision that will lead

 

Read More