Cryptocurrencies That Earn You Good Money

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen

Photo by Gilly on Unsplash

When people think “investments”, they think of stock markets, bonds, options, etc. During the pre-crypto days, financially savvy people depended on these for capital growth — parking their cash for a fixed amount of time watching as the charts inch bit by bit. However, the birth of cryptocurrencies gives rise to a new channel of investing from long-term investments to reflections and staking, etc. which can seriously contribute to your investment portfolio. Here are some of the best crypto to invest in now depending on features, stability, and potential, with a bonus at the end!

Binance Coin (BNB)

“BNB has many use cases both within the Binance ecosystem and elsewhere, so it is up to you to decide how to use your BNB. For instance, you can use BNB to pay for your travel expenses, buy virtual gifts, and much more.”

Created initially as a utility token for discounted trading fees on its Binance Platform, it has since then expanded its usage to numerous applications on many other platforms. Fueled by the massive amount of payment uses, BNB is now used for day-to-day tasks such as credit card payments to crypto-specific roles such as Initial Coin Offerings (ICO) if it’s listed on the Binance Launchpad program. What makes it so attractive is the sheer number of users and platforms that utilizes this coin, and support such as its own tracking platform, website, and mobile apps. Also, with its quarterly burns, the total supply of BNB is constantly decreasing, forcing the value of the remaining tokens higher.

Cardano (ADA)

“Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.”

A rather unique cryptocurrency. What makes ADA stand out is its Ouroborus blockchain technology, which comprises of 2 blockchains that work hand-in-hand with each other; one blockchain handles transactions while the other handles smart contracts. This method provides added speed and stability and reduced resource cost as the blockchain focuses on its own specific tasks more efficiently. Another plus point for ADA is that it is already running on the newer Proof-of-stake algorithm, which is more advanced than its Proof-of-work predecessor which most older cryptos use. This makes the Cardano blockchain system a strong competitor for other developers to build on compared to Ethereum, which is the current heavyweight champion.

VeChain

“VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT).”

Focusing on problems that arise from supply chain management, VeChain aims to boost efficiency and transparency while lowering costs. It also gives individual users more control by relying on distributed governance and Internet Of Things (IOT) technology, making it very attractive to supply and logistics chains as enterprises can keep track of inventory from start to sale, and being business-focused makes it easier for companies to adopt VeChain Thor (its own blockchain) into its inventory management system. Not to mention that the VeChain foundation has already partnered with several large corporations, boosting the credibility of this cryptocurrency.

Ripple (XRP)

“XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries.”

Fighting alongside similar fields with Bitcoin, XRP are centered towards global payments network with major banks and financial institutions as its clients. Its role is to facilitate near-immediate conversion between currencies, similar to SWIFT. It does this by using a distributed consensus mechanism to validate its transactions via polls, this consumes much lesser amounts of energy compared to BTC due to lower processing times and transaction charges. However, due to its battle with the US Securities and Exchange Commission, XRP has recently came under fire which resulted in price drops. This may only be temporary as XRP still has a chance of winning the law suit and this will greatly boost the value of XRP. Another reason to take note is that unlike Bitcoin which is totally decentralized, XRP is wholly centralised and owned by Ripple Labs, which many deem as a power that can manipulate the blockchain.

Bonus:

TripCandy (CANDY)

“TripCandy is an accommodations booking platform that brings you great discounts via cashback rewards in the form of blockchain tokens, turning your bookings into lucrative investments.”

Taking a different approach from previous members on this list is TripCandy. Reason why CANDY is on this list is mainly due to its unique position in the travel rewards industry; being the only token to emphasize on returning crypto rewards back to its users. TripCandy comprises of two parts – its CANDY token, and its bookings platform. Its proprietary CANDY token serves as the fuel for transactions to take place and is the currency that is given as cashback for utilizing its platform services, this token runs on unique tokenomics that encourages users to hold with features such as reflections (all sells will have a percentage rewarded to current holders) and greater rewards for spending CANDY tokens on its platform. The TripCandy platform offers up travel-related goods and services from global leaders in the travel industry and is set to create its very own crypto rewards credit card, enabling ease of conversion from CANDY to FIAT currencies and vice versa.

Focusing on business-like etiquettes that prioritizes sustainability and growth, coupled with the reopening of global travel; TripCandy is poised to be one of the hottest crypto token to invest in.

Find out what is TripCandy and why you should pay attention here.



Add a comment