What’s the Next Dogecoin or Shiba – Dogecoin, a cryptocurrency that started as a joke, has risen to become one of the most valuable currencies in the world and recently surpassed $2 billion in market cap.
On the other hand, Shiba Inu, an internet meme with an adorable dog face, has become one of the most popular memes on Tumblr and Reddit and has been sold as merchandise from cute stickers to hoodies.
Will Dogecoin be replaced by another currency or will Shiba Inu be overtaken by another meme? To find out what’s likely to happen in 2022, take this quiz.
Don’t Invest In Cryptocurrencies (Dogecoin, NEM, Monero)
It’s not that cryptocurrencies are a bad idea. It’s just that they might not be right for you. If you have extra money laying around, you should probably invest it in more stable instruments: bonds, stocks, and other traditional investment vehicles.
But if you want to try your hand at day trading—especially with new cryptocurrencies like Dogecoin—at least make sure you do so from a place of knowledge. Learn as much as possible about blockchain and cryptocurrency (the technology behind Bitcoin) before placing any trades; even then, don’t invest more than you can afford to lose—because chances are it will be lost.
Cryptocurrencies can be quite volatile, so tread carefully if your portfolio is anything but diversified across many different types of investments.
Invest In Blockchain
Investing in blockchain technology is not just a good idea, it’s practically a given. Blockchain has already proven its ability to disrupt major industries and will continue to do so for years to come. New tech startups that are working on blockchain-based solutions are appearing daily; although many of these startups will fail, some will succeed—and fast.
Read Also : 5 How To Make Money With Bitcoin
In order to keep track of which companies are on their way up and where you should invest your money (for maximum ROI) you should start following reputable cryptocurrency blogs that are writing about how blockchain technology is going to change every industry from health care to gaming. If you want more information about investing in new technologies, read our beginner’s guide.
Sell it With a Fork
Forking is a great way to create a project that resonates with people. Look at Bitcoin and Ethereum for example, which are just forks of other cryptocurrencies. Forking also allows for innovation as there is no need to worry about stepping on someone else’s toes.
You can branch off into your own new path with both feet. If you have an idea for a cryptocurrency or blockchain fork, we’d love to see it! Send it over to us so we can promote your creativity. While you don’t need any programming experience, you do need a good idea – so be sure to submit it by May 1st. Good luck everyone.
About Bitcoin Cash
This is one of our favorite cryptocurrencies. Bitcoin Cash was formed in August 2017 as a result of a hard fork from Bitcoin. This cryptocurrency is an improved version of BTC with a high market cap and potential to grow exponentially over time.
Bitcoin Cash works on its own blockchain, but has faster transaction speeds and lower fees than most other cryptocurrencies. Many long-term investors are keeping their eye on it.
While Bitcoin is similar to cash, Zcash is more like an encrypted credit card—and there’s value in that. In some cases, you want to be anonymous when paying for things and a credit card offers less privacy than Zcash.
(Of course, it goes without saying that you shouldn’t use Zcash to purchase illegal goods). However, if your company accepts Zcash as payment and gets paid with traditional dollars instead of cryptocurrency, your revenue isn’t subject to capital gains taxes.
Further, if you pay employees via crypto and they receive payments with traditional currency, they don’t have to report it on their taxes—that kind of invisible income could be helpful come tax time.
Often hailed as China’s Ethereum, NEO is a bit different than most cryptocurrencies. For one thing, it doesn’t work on a blockchain but instead uses a distributed network of nodes that store and manage all NEO transactions.
On top of that, its creators tout it as not just another digital currency—it’s also meant to be used for smart contracts and even Digital Assets Storage. With so many uses for such a new technology, who knows what will happen next with NEO?.
The platform offers Blockchain-as-a-Service to enterprises and institutions, enabling them to build their own custom private blockchains. The goal is for Stratis blockchain solutions to allow companies and institutions to develop quick, secure and easy-to-manage blockchain applications in C# using Microsoft’s .NET framework.
This would be ideal for stock markets and other financial services businesses that can benefit from a more efficient way of recording and tracking data. By putting security at the core of its offering, Stratis could attract big business customers looking for fast and scalable DLT platforms.
It has already begun working with several organizations including real estate firms Savills and eToro – one of Europe’s largest online trading platforms.
In all likelihood, you’ve probably heard of Bitcoin by now. The cryptocurrency has been a household name for years, and its price is constantly at record highs. Most people know that Bitcoin came before other cryptocurrencies like Dash and Litecoin, but very few people actually understand how these cryptocurrencies work. Read on to find out what Dash is and why it could become one of those next big things in 2022.
Golem Network Token (GNT)
Golem is a decentralized network on which developers can run applications. Payments within Golem are done with GNT tokens. Although Golem can be used for different applications, rendering services is one of its primary use cases.
Rendering with Golem consists of two steps: (1) Distribution and (2) Execution. Distributing a task to one or more computers connects them into a supercomputer, which carries out computation and sends back results to a receiver node that merges all results into one image, video, etc.
In return for sharing their computer power, users are rewarded with GNT tokens by application developers.
Stellar Lumens (XLM)
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. Its board members and advisory board include Keith Rabois, Patrick Collison, Matt Mullenweg, Greg Stein, Joi Ito, Sam Altman, Naval Ravikant and others.
Stellar offers a consensus algorithm that allows it to validate accounts on its network much faster than traditional blockchain technologies like Bitcoin. Stellar also implements a decentralized exchange that lets users convert between different currencies directly through their wallets.
This means that you can use Stellar to send dollars to someone who has Euros in their wallet without needing to use a third-party exchange—very useful feature indeed.