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Don’t you think money makes the world go round at least once?
But, for modern times, we can twist this phrase to call it ‘digital data takes the world on a tour.’ Now, money and digital data are fused to make up a fast-growing and single entity!
We are talking about Cryptocurrency. People not only use these digital tokens but also invest in them!
Now that 2023 is almost here, let us look at some short-term and long-term Cryptocurrencies to invest in.
Just to get the basics right, ‘cryptocurrencies are digital payment solutions. In fact, many companies have come up with individual currencies called tokens that facilitate the trading of their products.’
Now, let’s jump to understanding a few short-term and long-term cryptocurrencies.
Let’s start with short-term cryptocurrencies first!
Avalanche is one of the best ones for a short-term contract. It is a highly scalable, cheap-transactional, and eco-friendly plan. The platform is considered one of the fastest-growing smart platforms.
Polygon is Ethereum’s scalability solution that grants excellent value and potential to the project. The reason why it can make up for the best short-term investment is because of its ecosystem boost.
Internet computer is a blockchain network (decentralized) that is expected to boost the internet’s functionality. It supports smart contract development on a large scale, allowing developers to develop more advanced apps with improved security.
It’s time to look at three long-term investment options!
Algo stands for the Algorand blockchain platform and was founded by Silvio Micali (MIT Professor). It functions with a smart contract and pure consensus algorithm. Algo is growing at double and triple rates.
Of course, Bitcoin had to be on the list. The market capitalization of Bitcoin in 2022 is close to $500 billion! The first nation that made bitcoin its national currency was El Salvador. Bitcoin might not be appropriate for short-term investment plans, but it is the best fit for long-term investments.
Cartesi keeps itself distinguished from other cryptocurrencies by making itself an answer to problems of high blockchain fees and scalability. The value of this crypto has risen almost to 3000%. The ease of trading the currency has made it one of the most popular currencies.
These are a few short-term and long-term cryptocurrencies you can look out for! While you can research to find more, they are always good ones to start from. Plan your investment needs and make a choice accordingly.
At The Learning Art, we help young traders and investors understand the market, frame strategies, and curate the proper roadmap for successful trading and investment. With our expert advisory solutions and technical help, trading can become an easy and resourceful income plan. To know more, connect now!
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