Let's talk about business

Five Coins I Like

By Buzzbeeg | The Crypto Cave | 19 Feb 2021


Let's Talk About Business

Five Coins I Like

This list did not have DeFi on it because DeFi is still very new. When I list a coin I need to believe that it has long term potential.  Now that I have watched DeFi longer I certainly think UNI is a great buy. However, I don’t know if I would replace UNI with any of the five on the list.

This list lacks some of my favorite coins that I personally like and hold because I limited this article to 5 choices. I personally think every crypto portfolio should be 10–20 different coins and tokens. This way “hodlers” are less likely to experience non-systematic risk.

One person pointed out that it seems silly to list both Cardano and Ether on this list when they are both competitors.  I believe there is plenty of room in the market for multiple smart contract systems to thrive and exist. In fact, I won't be surprised if ten years from now there are 5 or more successful smart contract systems competing with each other. I think some smart contracts will better at running different kinds of projects and that DeFi is not the only thing that matters. 

Finally, I want to say that just because your favorite crypto is not on this list doesn’t mean I am not bullish about it.

1. Bitcoin. It’s the king coin, the first coin and the one that institutional investors are buying up. This one is the most established and isn’t going anywhere.

2. Ethereum. A coin that’s so well established and used I don’t even consider it an altcoin. This smart contract platform hosts at least 60% of the other crypto projects that we regularly hear about. We only need one crypto project running on this smart contract platform to go viral to make Ethereum a household name.

3. BAT. This is the token that runs on the Brave Browser. The Brave Browser is dedicated to saving you from unnecessary advertising and rewarding you for watching their ads. Most of all it blocks websites from tracking you. This is a browser everyone should use and consider. Most of all this token is a great opportunity for advertising and getting rewarded for watching ads. Take note that this token runs on the Ethereum network.

4. Divi Project. The Divi team is dedicated to making cryptocurrency easy to use and providing residual income. Their masternode system is set up with one click and instantly begins to provide a passive income in their native token. Most of all they are creating a cryptocurrency wallet that will be as easy and simple to use as Venmo. This is a crypto that will be easy enough for grandma to use once their new wallet is launched.

5. Cardano. I am not certain what will end up being the main smart contract system in the long run. It will probably be Ether but it could end up being Cardano. They have a great team and are careful with their development process.

If you are interested in buying many of these coins you should check out OKEx most of the coins I put on this list are available to purchase on this exchange.

To learn more about cryptocurrency follow my Quora Space: The Crypto Cave.

 

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Buzzbeeg
Buzzbeeg

I work for several Cryptocurrency projects including Silica neXus and Divi Project. I also write on Quora and share many of the same posts that I share here.


The Crypto Cave
The Crypto Cave

The fun side of crypto; making money, blockchain games, and learning. Like my thoughts on Crypto? Check out my Quora space: https://cryptocave.quora.com/ and 🔥Subscribe to our Free Investment Newsletter. https://theartofthebubble.com/newsletter/🔥 This post is provided for educational and entertainment purposes only and should not be relied upon for business, investment, taxation, or legal advice.

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