Daily crypto picks
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Just a heads up that this is NOT meant to be financial advice of any sort, and you should always do your own research DYOR before putting any of your funds into any kind of crypto projects. Moreover, I have briefly stated the reason underneath the crypto to why it forms as part of my list of crypto picks. Think decentralized apps dApps , smart contracts, decentralized finance DeFi. Imagine a digital based financial world. NEO has its own fair share of creating a smart economy for the development of decentralized applications and smart contracts.
Founder Justin Sun has a knack for extensive marketing of the project. Aiming to achieve the liberation of mobile data by allowing anyone to buy, sell and donate data through the Ethereum blockchain. Have over 25 million users registered on the platform, and with the rise of eSIM and 5G, there seems to be great potential. IOTA uses a directed acyclic graph DAG to store transactions on its ledger, and is designed to record and execute transactions between machines and devices in the IoT ecosystem.
Has a rapidly growing ecosystem in place, alongside fully regulated stablecoins SGD. Allows staking while maintaining a DeFi focus as well. Cardano emphasizes a research-driven approach to design, such as creation of its consensus algorithm Ouroboros, a proof-of-stake protocol. The gaming industry is poised to grow in the future.
It basically incentivizes you with tradeable tokens by utilizing Preserach as your search engine. The travala token AVA brings about many benefits and actually has real-life use cases such as the for hotel and accommodation booking. It offers users in over countries access to around 1, cryptos and 2, trading pairs. So, when it comes to cryptos with potential staying power, Dion has some intriguing thoughts. Jurica: What are your favorite cryptos for the longer term?
In an increasingly decentralized world, a platform that connects these blockchains and ensures interoperability is extremely valuable. Think of Polkadot as a decentralized internet of parachains, wherein these individual chains can freely communicate and interact with each other.
Plus, Polkadot is headed by Dr. Gavin Wood — Ethereum co-founder and creator of Solidity. With the upcoming Vasil hard fork on Sept. Ouroborous, the consensus mechanism that powers Cardano, has been peer-researched thoroughly by academics. Cardano also ranks consistently high in developer activity on GitHub, which tells us that the network has a lot of utility. Jurica: Our team is also impressed by what Cardano has accomplished so far.
Your last pick was Polygon? Dion: Yes. We all know that Ethereum will play a huge role in the Web 3. However, it needs help. Ethereum needs solid Layer-2 capabilities to scale up and increase its throughput significantly. The two most popular ways to scale up on Layer-2 are optimistic rollups and zero knowledge rollups.
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