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The best crypto tokens based on the Elrond Network

Elrond (EGLD) is a highly scalable and powerful blockchain designed for distributed apps. The chain is hoping to become the driver of the new internet economy and is billed as a developer-friendly platform with secure and efficient transactions. Here are some reasons why Elrond is growing:

  • Elrond offers an alternative to major blockchains like Ethereum, which have been associated with higher fees.

  • The chain is also a scalable ecosystem that allows for the launch of innovative DApps and De-Fi products.

  • The network is poised to offer superb speeds, completing up to 15,000 transactions per second.

Several projects have been built on Elrond over the past few years, and they are as promising as they sound. Here are two main ones to watch out for:

The Orion Protocol (ORN)

The Orion Protocol (ORN) is a liquidity aggregator designed to work across multiple exchanges. In essence, the platform aggregates all available liquidity across exchanges and puts it in one single decentralised platform. The Orion Protocol basically addresses the liquidity challenges that are typically associated with Decentralised exchanges or DEXs. 

Data Source: Tradingview.com 

It was founded in 2018 and runs on the Elrond Mainnet. The value of ORN, its native governance token, is expected to rise as DEXs become more widespread in the near term. At the time of writing, ORN was selling for $6.09 with a market cap of $250 million.

Maiar (MEX)

Maiar (MEX) is an upcoming decentralised exchange designed to be the main exchange platform on Elrond. Mair is expected to also be a comprehensive all-in-one De-Fi ecosystem that, according to the developers, will “radically change” how we interact with money. 

The platform’s native token is going to be the MEX. Maiar is yet to launch, making it a good choice for investors who want to get in as early as possible.

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What are the best cryptocurrencies for swing trading?

Swing trading is a short-term trading strategy designed to take advantage of short-term price swings on an asset. Swing trading is not day trading, in fact, swing traders can hold on to an asset for longer. In most cases, a trader will open a position if the price of the crypto asset swings by a certain percentage. Swing trading cryptos need to have the following attributes:

  • They must have a history of large trading volume to ensure there is enough liquidity in the market for orders to be filled.

  • You also want an asset that has a propensity for high volatility so that there are more openings to enter a trade.

  • Swing trading crypto assets also need to be mainstream with relatively good press coverage every day.

Well, in case you want to swing trade cryptocurrencies, there are many options to buy and sell. But the two below are perfectly ideal.

Dogecoin (DOGE)

Dogecoin (DOGE) is a meme coin that has been trading in most exchanges for the past few years. It is largely a speculative asset that has managed to rank among the top 15 crypto assets by market cap. 

Data source: Tradingview.com 

Dogecoin gets a lot of press coverage, so if there is anything happening with regards to the token, you will find out fast. Also, it is prone to wild swings in price action, a perfect attribute for swing trading.

Ethereum (ETH)

Ethereum (ETH) does not swing as much as Dogecoin. But it is still a very volatile asset, especially if you intend to hold it over a month or so. 

Besides, as the second-largest crypto by market cap, Ethereum gets all the press coverage you need. The only downside with Ethereum is that it’s expensive to trade, but despite that, it can offer very good opportunities for your swing strategy.

The post What are the best cryptocurrencies for swing trading? appeared first on Coin Journal.

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The best cryptocurrencies to buy for your retirement

For a long time, cryptocurrencies were not necessarily seen as an ideal asset class for retirement investing. Most folks wanted solid Blue-chip stocks or commodities like gold to safeguard their future. But this has changed drastically in the past few years as crypto continues to become a more mainstream asset. Here is why crypto assets make sense for retirement:

  • Although the crypto sector is a relatively new industry, it has seen widespread adoption and growth in the last decade.

  • Also, crypto-assets over the past ten years have outperformed traditional retirement assets by a huge margin.

  • The crypto industry is now too big to fail and can be relied on to deliver returns in the long term.

A lot of people would obviously choose Bitcoin (BTC) as the ultimate retirement asset. But we feel bitcoin has already fulfilled much of its potential. The following two coins are not yet there and could be huge in the coming decade:

Solana (SOL)

Solana (SOL) is a smart contract blockchain designed to provide an innovative ecosystem for the development of DApps. Solana (SOL) is seen as the closest rival to Ethereum and has seen massive growth, especially in 2021.

Data Source: Tradingview.com 

But there is so much more to come from Solana. At the time of writing, Solana (SOL) was trading at about $174. However, some analysts expect this coin to hit nearly $3000 by 2030. It’s, therefore, a good choice for long-term retirement investment portfolios.

Binance USD (BUSD)

The biggest worry for most crypto investors is volatility. This is why the idea of adding a stablecoin into your asset pool is always ideal. Binance USD (BUSD) gives you that chance. 

Besides, BUSD is highly regulated and can be used to guard against inflationary pressures in the US dollar. Also, BUSD always trades at a rate of 1:1 with the US dollar, meaning a single BUSD is equal to USD 1.

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