High 3 Cash to Purchase in 2022 – Entrepreneur

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As a seasoned investor and someone who has been in the industry for years, I’ve witnessed the spectacular rise and fall of many cryptocurrencies. The current Bitcoin rally has been great for those who invested early enough to benefit from the returns. But of course most people got burned in the last crypto crash.

Hando

With so many coins on the market today, it’s hard to know which ones will survive and which are just scams. For this reason, I want to help you avoid similar mistakes so that you can stay one step ahead.

The good news is that it’s not all Doom and Gloom, and there are a few gems out there. If you know what and where to look, it is possible to find another winner before it goes mainstream like Bitcoin.

I’m going to break down 3 of my favorite coins that are likely to do very well in 2022. These three coins will likely see a large increase in value compared to their current prices and still have plenty of room for growth.

Price is important, but I strongly recommend looking at the chart of each coin and looking for the “long-term support line” which in my examples is the green line. Price might touch that line now, but it might not stay there long.

As we are headed down a potentially bumpy road, I think it makes sense to find shelter in the form of safe havens like Ethereum, Cardano, and Aurox (URUS).

Ethereum (ETH)

Ethereum is a blockchain technology that virtually anyone can do almost anything with. Because of this, its market cap has soared to over $ 100 billion at its peak.

It’s important to remember that Ethereum has many use cases beyond “buying crypto”. It is used to build decentralized organizations / companies (e.g. DAI & Compound), decentralized exchanges, identity verification, decentralized Wikipedia, digital advertising and much more. None of this is possible with coins like Bitcoin or Litecoin.

Ethereum is the most flexible and customizable platform to date and was developed by professionals to support future technologies:

  • Decentralization – All data sets are stored on every node of the network, so there is no central point of failure. Security – the system does not store any sensitive information; it only tracks transactions.
  • Smart Contracts – Instead of complicated legal contracts, it uses code, Solidity, which can be easily programmed to carry out any transaction on the blockchain.
  • Fast Transactions – Fast processing time of 15 seconds per block (average).
  • Flexible Transactions – A user can customize the amount they want to send.
  • Ability to create your tokens – Users can create their tokens and develop their applications on the Ethereum platform.

Aurox (URUS)

Aurox (URUS) has exploded lately, and for good reason. You have addressed some of the biggest problems and challenges in trading and investing in cryptocurrencies.

Aurox was founded in 2017 by a trio of incredibly talented co-founders and people are now realizing the full potential of the platform. It’s a free, all-in-one cryptocurrency terminal that integrates data, content, and strategies to help crypto traders make better decisions. Think Bloomberg Terminal for crypto trading.

Aurox is designed to solve many of the problems that continue to plague the crypto community – from expensive platforms with fragmented information to pump-and-dump scams. Today, a community of 54,000+ traders uses Aurox to access powerful, easy-to-use market trend indicators and over 60 crypto exchanges.

But that’s not all. Aurox is now addressing cross-chain interoperability. One of the biggest problems with crypto is the inability to trade across 10 different chains. This one problem alone has created serious user experience issues and prevents the mass adoption of crypto.

Soon Aurox will have a solution to this problem. Allows users to transact, trade and invest across multiple chains through their Aurox Lend and Trade logs with the click of a button. All of this is made available to their tens of thousands of users to take advantage of their new innovative product right away.

Cardano (ADA)

Cardano (ADA) is a relatively new player on the market and has already made a name for itself. Introduced in 2015, this coin has been on the rise from day one and has been able to hold its own against all other coins. Plus, with a market cap of $ 50 billion and trending upward, this is one of the coins to watch out for anyway.

Cardano aims to address some of the most critical issues with Ethereum. The coin was founded by Ethereum co-founder Charles Hoskinson, but with a different vision. Charles was CEO of Ethereum at one point, but was dismissed because his vision of Ethereum was to make a commercial product rather than a non-profit product.

Cardano is trying to fix issues like scalability, fees, and other issues plaguing Ethereum. By fixing the user experience that caused Ethereum problems, Cardano aims to become the de facto smart contract enabled blockchain.

With all of these features, Cardano aims to provide a secure platform for smart contracts that people from different parts of the world can use. In this way, smart contracts should become more mainstream.

With a promising team and a dedicated follower community, Cardano is supported by a strong support system. The price of this coin is expected to skyrocket in the coming months. So, if you are looking to invest in some coins, Cardano may be what you have been looking for.

Which token has the highest potential from ETH, ADA & URUS?

While Ethereum and Cardano may seem like a good investment, one of the things you need to consider is the risk / reward ratio. Both ETH and ADA already have a market capitalization in the billions. This means that the return on investment in one of these projects is very small.

ETH and ADA were once below their market cap of a few hundred million and the people who invested in these projects became millionaires overnight. But now, investing in any of these projects will bring you a very small profit.

On the flip side, Aurox currently has a market cap of roughly $ 100 million. Investing in Aurox can get you up to 10, if not 100 times, your investment. With the product, user base, and new features to come, this is without a doubt the best investment you can make. Especially when you consider that some of their competitors, who offer much less utility and functionality, are companies with a market cap of $ 10 billion.

Of the 3 tokens, Aurox is without a doubt the best investment.

How to Find the Best Crypto Exchanges

When looking for a cryptocurrency exchange to buy coins, there are a few things to look out for. Here are some of the best ways to find the type of exchange you need:

Many transactions in cryptocurrency require verification prior to processing. This review comes when you can prove you have the money you want to send and prove that you are who you say you are. If a cryptocurrency exchange doesn’t verify your account and transactions, it can be a very risky place to transact.

There are many different types of verification an exchange can offer. First, they may need a standard email address. They may also need a phone number where they can reach you in an emergency. Government-issued ID also helps to verify your identity, and this can be a driver’s license or a passport. You may also need to provide proof of address, e.g. B. an electricity bill or a bank statement.

It is always a good idea to have a checklist of questions that you would like a crypto exchange to answer before doing business with them. That way, you’ll know from the start whether you are dealing with a conversation that is beneficial to your online business or a major downturn.

Checklist questions to ask:

1. How long has the stock exchange existed and to what extent? You don’t want to use an exchange that is out of business in a couple of months. You also don’t want to use one that can barely handle the existing load. Some exchanges allow companies to manually enroll users while others have limited the number of customers they allow.
2. Who owns the stock exchange? If it is a corporation, are there any rules the Board of Directors makes about it? And how does management want to stay competitive with its competitors?

3. Does the company have active and dedicated support staff? You want quick access when you need it, especially if there is a problem and you need help from members of the support team.

Final thoughts

The above coins are very different from each other. But they all have one thing in common; They are all incredible tokens to invest. No investor can go wrong with an investment in ETH, ADA or URUS. However, always keep in mind that the rewards for investing in large cap tokens can be very, very small. While it is rare to find small cap tokens like URUS with strong fundamentals and teams behind them that can generate much higher returns.

Note: Investing in cryptocurrency is at risk and readers should do their own due diligence. Entrepreneur Media does not support such investments.


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