Black Friday is fast approaching. As many people scramble over each other to get to TVs, games consoles and electronics like zombies in World War Z, you can relax in your home and pick up some steals on the cryptocurrency market! Here’s the top 5 cryptocurrencies you should look at picking up this Black Friday.
The Best Around: Bitcoin
Bitcoin (BTC) is the first cryptocurrency and the current most popular. It was created in October 2008, by Satoshi Nakamoto (likely a pseudonym). It uses a proof-of-work system for validating transactions, which makes the cryptocurrency extremely secure. It is a great choice for an investment as there is only a fixed amount of Bitcoin, making it a deflationary asset. Bitcoin is one of the best stores of value you can invest in right now, with many people calling it digital gold.
From Beyond the Ether
Ether (ETH) is the native cryptocurrency on the Ethereum network. It is the second most popular cryptocurrency after Bitcoin, and for good reason. It is able to run smart contracts on the network, and so enables DeFi (decentralised finance) to be possible. In the wake of FTX’s collapse, DeFi is becoming much more popular, as it does not rely on centralised exchanges. Ethereum is one of the major players in the DeFi space, and should not be slept on.
Ether is likely to continue to get discounts, as a hacker recently stole over 30,000 ETH (worth around $200 million) from the collapsed FTX exchange. They are currently dumping a big portion of their Ether and turning it to Bitcoin. From this increased supply in the market, the price of Ether in the short-term will dip, creating the perfect opportunity to buy!
Ripples to a Wave: XRP
XRP (XRP) is a cryptocurrency that focuses on facilitating trustless, instant and cheap payments across borders. With traditional banking methods like SWIFT, this can take up to 3 days to process, whereas XRP it would be processed in a matter of seconds. Despite a fierce ongoing legal battle with the SEC, XRP still has many loyal backers due to its extremely useful function.
Big Eyes: The New Cat on the Blockchain
Big Eyes (BIG) is a new DeFi meme coin that has come to shake up the game. To purchase Big Eyes right now you would use Ethereum held in a wallet like Metamask. This bypasses many people’s concerns about another exchange collapse, potentially wiping more of their funds from existence. It also has an amazing cause behind it, 10% of all tokens will be donated to ocean sanctuaries. This cat is doing all it can to help our planet.
This Black Friday you can get incredible discounts on Big Eyes. For 24 hours, you can secure 50% FREE bonus tokens given out with any purchase of Big Eyes! Use code BLACKFRIDAY50 to receive your tokens.
Uniswap: Unique Unicorns
Uniswap (UNI) is one of the most popular DeFi tokens on the market right now. It is the native token of the Uniswap network, a decentralised exchange where users can purchase DeFi tokens, and runs on Ethereum. Like Big Eyes, the increase demand and popularity of DeFi will likely see an increase in Uniswap’s price, as more people are moving away from centralised exchanges in distrust and fear.
There are some amazing cryptocurrencies up for grabs right now. Instead of purchasing items which will only depreciate in value, don’t miss out on picking up assets that will make you more money in the long run!
Big Eyes Coin (BIG)
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.