We do know that every crypto investor uses different tools like staking, DEFY, and NFTs, the aim is to earn profit. The final objective of adopting all the procedures is profit leverage. But before we start putting our money in random coins and expect them to go high. We need to do some homework.
Bitcoin is the most valuable cryptocurrency, with a market capitalization of $795.52 billion and a total volume of $795.52 billion. Because the assets in its network are supposed to have a limited supply. This coin has been nicknamed the digital counterpart of gold. The network has a total of 21 million coins that can be mined.
“Scarcity generates demand, which drives value,” says basic economics. If the demand for BTC continues constant, which it very certainly will and the supply is now shrinking, the price of Bitcoin will skyrocket.
Despite the fact that everyone is talking about it, there is something really significant happening this year that many people are unaware of. Ethereum phase 2 is expected to be released in the first half of 2022. It will switch from a proof-of-work coin to a proof-of-stake coin, allowing the community to validate the blockchain.
This will allow you to stake Ethereum for the first time. You can still stake ETH, but it will be locked and cannot be removed until the merge is completed. Since phase 0, everything has been in the works.
Ethereum works as each node stores a copy of the transaction, which is why it is much slower than other coins. When a transaction is completed, each node must confirm the transaction with each other, slowing the process down. With the upcoming phase, the tasks will be divided, with only a group of nodes validating the transaction, resulting in speedier transactions.
Binance is the largest cryptocurrency exchange that launched its own coin BNB in July 2017. This coin runs on the Ethereum decentralized blockchain network as the ERC20 token, because Binance did not establish its own blockchain. BNB was highly scalable with Ethereum’s proof of stake consensus mechanism and also able to create smart contracts.
It has multiple projects running on including exchanges, Binance smart chain, Binance academy research projects and digital wallets are the major projects. The BNB coin keeps the central importance in all of these projects because these projects are based on the BNB coin. Grab the finance through the decentralized blockchain system.
Despite being the coin of the largest Crypto exchange. It still lacks somewhere because it is developed on the Ethereum blockchain.
Since crypto has dropped and Solana is currently trading at $140 that is honestly a steal. MFT platforms and other projects are still being built on Solana because of its fast transactions and low gas fees. Ethereum killer gets thrown out a lot when it comes to Solana but that is not gonna happen in this upcoming year.
ETh was the first and as you know first-mover advantage is very powerful and has allowed to accumulate billions of users and stability. This doesn’t take away the fact that Solana is still a very great project. And most likely will take some market share from Ethereum.
The NFT space has cooled off a bit because everyone was creating jpegs and trying to sell them online. As we can see that there is a lot of development needed on the platform to make it grow more.
Now coming to the Bficoin, we will look if it is better than the coins discussed above, and how it will outperform them. It is a digital exchange cryptocurrency that may be used to conduct financial transactions across encrypted networks such as peer-to-peer. It has an impact on the use of blockchain technology for decentralized and transparent peer-to-peer transactions.
Despite the fact that it is still relatively young, this coin is quickly gaining market traction. Bficoin rocketed to a new all-time high after the market’s top currencies were hit by a massive sell-off.
The Bficoin is on the rise in 2022, having risen from $5 to an all-time high of $45 in under a month. With all-new technology, tremendous scalability, and a vast utility-based Eco-System, BFIC represents the Crypto Industry’s unavoidable future.
BFIC’s future holds new and revolutionary utilities with new money-making choices, more features, and so on. Above all, this coin has the lowest transaction cost. It is based on the latest 3rd generation of blockchain technology, allowing for lightning-fast transactions.
Furthermore, BFIC has the largest utility set ever. It’s compatible with a variety of platforms in its ecosystem. You can stake it and earn roughly 0.5 percent of your money every day because it is a proof-of-stake coin.
As we have seen that despite being the largest caps and huge volumes, all of the big coins lack somewhere. Keeping in mind the need of the hour, Innovation Factory launched this coin, BFIC, and it is going exactly as they planned it to. Without any doubt, this coin is making new achievements every coming day. With a lot of money-making features and its ever-growing utilities, BFIC is surely going to outperform these coins.
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