Cryptocurrencies come and go, but some are here to stay. Here are a couple that we’re keeping an eye on heading into the new year. Keep in mind that cryptocurrency markets can often be very volatile and all price information is subject to change after publication. Solana One of the fastest growing coins of 2021, there is massive potential for Solana in upcoming years. People often compare it with Ethereum, but the Solana network boasts lower gas fees and transaction times, along with growth of over 10,000 percent in the last year. Solana has seen criticism for being more “centralized” than its competitors due to influence on the coin from…
-
-
Will the Metaverse Live Up to the Hype?
Virtual land, concerts, and avatars being sold for thousands of dollars
In the last month, certain GameFi coins have taken off in price, hitting new all time highs and trading volumes. Decentraland (MANA) is the most prominent example. With a peak price of $4.69, the coin currently trades at $3.19, which is significant considering it traded at less than $1 in late October. Other gaming coins, The Sandbox (SAND) and Axie Infinity (AXS) have seen similar patterns of growth in the past few months. A big influence on the price of these coins was Facebook’s recent announcement of the changing of their company name to Meta. Mark Zuckerberg made an extensive video explaining what the Metaverse is and how it can…
-
The Trouble With Scam Coins
Why are people putting their life savings into coins that make them lose everything?
Most people don’t get rich overnight… Every now and then a new story will emerge of someone throwing $5000 into a random coin and becoming a millionaire in a matter of months. It’s the investing equivalent of winning the lottery. People are able to quit their jobs, follow their dreams, buy a mansion and live happily ever after. That’s the story the news tells, but the reality is much more grim. There are the rare instances where someone actually does make it big off the right investment at the right time into some altcoin with little to no usability or backing behind it, and good for them! They made it…
-
A Quick Guide to Chainlink
The Largest Decentralized Oracle Network
Smart contracts are on the rise. With networks like Ethereum, Solana, and Cardano getting increasingly popular, more people than ever are utilizing the benefits of these contracts. Smart contracts are protocols or programs that execute on the blockchain when certain specified requirements are met. They can be used for financial reasons, medical reasons, gaming, and more. One of the biggest struggles facing smart contracts is ensuring the information they receive is accurate in order for the contract to execute properly at the time it is supposed to. This is where Chainlink comes in. A Decentralized Oracle Network The goal of the Chainlink network is to connect smart contracts to data…
