London, UK, 4 Sep 2021, ZEXPRWIRE – It’s no secret that cryptocurrencies have been gaining a lot of popularity over the years. Whether you’re an individual looking for a new way to invest your money or a business owner trying to figure out how to use cryptocurrency, it can be tricky knowing where to start. Today we’ll talk about 5 cryptocurrencies worth taking a look at in 9/2021 and why they may be a great investment opportunity.
Before we get into specific information, you should know some general basics about cryptocurrencies and how they work. The term cryptocurrency refers to any currency that uses cryptography (a type of math) to secure transactions and control the creation of new coins. There are many different types of cryptocurrencies with all sorts of advantages and disadvantages. The most common type of cryptocurrency is a “bitcoin”, which was the first ever created, but there are many others to choose from as well.
You can invest in cryptocurrencies as an individual or as a business. There are even banks that hold cryptocurrency accounts for their clients! It’s important not to take any investment advice from a stranger on the internet but remember to do your own research before making any decisions. Cryptocurrencies are very risky, so no matter what you invest in, make sure it’s money that you’ll feel comfortable losing should the need arise.
With all that said, here are the top five cryptocurrencies TrueNorthBit Broker Alex Jameson has researched for September 2021:
1) Siacoin (SC)
Sia is a decentralized cloud storage platform that aims to compete with centralized services such as Dropbox, Amazon S3, and Google Drive. Instead of using a centralized service, storing files on the Sia network uses distributed blockchain technology to store data across the world on thousands of computers. This ensures that high redundancy and uptime is achieved by avoiding a central point of failure.
The first 5 hosts on the network will earn Siacoins, which is how they receive payment for renting out their free disk space. This also keeps the network decentralized because it incentivizes individuals to contribute storage instead of making it reliant on just a handful of large hosts.
2) Basic Attention Token (BAT)
Basic Attention Token is a digital advertising platform that aims to solve many problems in the industry, including fraud and privacy violations by third parties. It enforces user privacy by preventing trackers and malware and doesn’t allow publishers (website owners) to alter user data without their consent.
BAT also has several features to make advertising more effective and less intrusive, such as allowing users to opt out of ads entirely. Publishers receive BATs for participating, which then distributes its value to the users who view the publisher’s content.
3) Augur (REP)
Augur is a prediction market platform that allows individuals or groups to bet on future events. Because its decentralized, there’s no way for any one individual to influence the outcome of the market because all bets are recorded on an immutable blockchain ledger.
Users can also create their own markets or predict existing ones. The platform itself is peer-to-peer and rewards individuals who accurately predict future outcomes with Augur tokens, which they can sell for profit.
4) NEO (NEO)
Formerly known as Antshares, NEO is a smart contract network that aims to be the de-facto standard in blockchain technology. It uses digital identities and color coins to digitize physical assets and allow for laws to be written into the blockchain that define how those assets can and cannot interact with each other.
5) Monero (XMR)
Monero is a privacy-focused cryptocurrency that anonymizes transactions and wallets through ring signatures and stealth addresses to conceal both senders and receivers. Riccardo Spagni, a prominent figure in the cryptocurrency community who is not affiliated with Monero in any way, often describes it as “the most ethical cryptocoin”
It also uses a Ring-CT algorithm to ensure that all transactions are untraceable and unlinkable.
Choosing the right cryptocurrency to invest in may feel like a daunting task at first, but as long as you do your research and choose an investment that appeals to you, it can be a very lucrative investment. You’ll want to make sure there isn’t too much competition for the specific coin you’re investing in because this drives prices up.
There are many cryptocurrencies to invest in, but these five have the highest potential from September 2021. Make sure you do your own research before investing any money. We’ll see how this list turns out in the next couple of months.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.