What are Cryptocurrencies?
A cryptocurrency, crypto currency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency.
April 2021 Cryptocurrency Suggestions
The Top 7 suggested cryptocurrency opportunities for April 2021 are shown in the table below. They are high risk and high return investments and subject to changing market and economic factors. Investors need to do their own due diligence before investing and assess the risks and rewards. And may need to seek independent investment advice.
|Number||Investment Opportunity||Symbol||Market Type||Rationale||Target|
|1||Binance Coin||BNB||Cryptocurrency||Undervalued compared to Ethereum||$1k USD|
|2||Hex Token||HEX||Cryptocurrency||Certificate of Deposit/ Pulsechain||$0.08c USD|
|3||Axion Token||AXN||Cryptocurrency||Certificate of Deposit/ Wrapped Bitcoin||$0.0035c USD|
|4||Phantasma Coin||SOUL||Cryptocurrency||World’s bets NFTs/ Gaming||$1 USD|
|5||Ethereum Coin||ETH||Cryptocurrency||Dominates Smart Contract Market||$2700 USD|
|6||Cardano Coin||ADA||Cryptocurrency||Privacy Coin (Only Top 10 Crypto)||$3 USD|
|7||Wise Token||WISE||Cryptocurrency||Certificate of Deposit/ Multichain Future||TBA|
Binance Coin (BNB) is an exchange-based token created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to Binance Chain in February 2019 and became the native coin of the Binance Chain.
Binance Coin has seen massive growth in interest throughout the years. Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization. BNB can be traded in over 300 trading pairs across 120 exchanges tracked.
Binance is the cryptocurrency exchange founded by Changpeng Zhao and He Yi in July 2017. Binance started with an Initial Coin Offering (ICO) and has since grown into one of the largest global cryptocurrency exchanges, both in terms of volume traded and market share by web traffic.
Launched on December 2, 2019 by Richard Heart and team, HEX is the first certificate of deposit on the blockchain, essentially time deposits that gain interest, HEX is an ERC20 Token that runs over the Ethereum network. Short to medium term $0.08cent target. This is my most favour token for long term at $0.52 cents. Hex is expected to launch Pulsechain with a special feature (unknown what it is). It will also provide lower fees than Ethereum chain. People will have tokens on both chains after the snapshot date. More info due end of April 2021.
Axion is an emerging global monetary system designed to increase the purchasing power of the network participants. Axion offers high-interest yielding time-locked deposits on the Ethereum blockchain, while also offering a first of its kind smart contract powered venture capital fund. Axion gives a minimum of 8% per annum return, plus wrapped bitcoin twice a week and axion dividends 5 times a week from daily auctions. Potential medium target $0.0035 cents. High Range $0.03-5cents.
Phantasma is a 3.0 blockchain and offers the most advanced No Fungible Token (NFTs) in the world. NFT are the big thing right now.
Phantasma brings a decentralized content distribution system running on the blockchain, with strong emphasis on privacy and security. Relying on third party services for something as critical and personal as email, photos or videos is dangerous. Companies can be hacked, bankruptcies can happen and users are left at the mercy of a few unkwnon power-brokers.
For the artists that make amazing videos, games, music and other copyrighted content, giving up a large percentage of your revenue can be very discouraging. Plus content creators usually become locked-in to those centralized platforms with the overhanging danger of arbitraty rule changes cutting their revenues.
Phantasma brings a decentralized content distribution system running on the blockchain, with strong emphasis on privacy and security.
Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. It has the majority of smart contracts in the world on its network. Examples of decentralized apps (dapps) that are built on Ethereum includes token, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.
High fees are the biggest drawback at the moment. However, Ethereum is upgrading to ETH2.0. Expected late 2021/early 2022.
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress. It is the only privacy coin in the top 10 cryptocurrency leadership board by market capitalisation.
WISE is an innovative cryptocurrency designed to be a highly secure store of value that can be easily staked to earn trustless interest. Like bonds, certificates of deposit, and time deposit bank accounts, longer stakes provide higher yields.
Wise is currently a top token on Uniswap. But will be Launching soon on other blockchains. First up is the Wise launch on the Binance Smart Chain (BSC) on 27 April 2021. It
Wise has some special features. A price floor, permanently locked ownerless liquidity. It also has regular and insurance staking.