Top 3 crypto coins in the music and entertainment niche

Blockchain technology has vast applications. Whether it’s ushering in an age of decentralized finance or providing an easy way for people to stream music, there are so many projects these days that try to leverage the power of decentralized systems. Music and entertainment, in particular, have become popular in blockchain, and here is why:

  • Decentralized systems cut off intermediaries in music distribution.

  • These systems also allow content creators to reach audiences directly.

  • The blockchain also offers several verticals for earning money from content.

For investors who want to add some music and entertainment related coins into their portfolio, here are 3 options to consider:

Audius (AUDIO)

Audius (AUDIO) is a music streaming decentralized platform designed to give creators full access to the market without going through intermediaries. Think of it as Spotify on the blockchain. 

Data Source: Tradingview 

The last few months have been quite eventful for Audius. It has seen increased growth and investment from several big-name players in the industry. The future of streaming on the blockchain is also bright, and Audius is hoping to play a key part in shaping up that future.

Ultra (UOS)

Ultra (UOS) is a blockchain-based gaming and music streaming platform as well. It is created to help creators share their games, music, and other forms of entertainment directly to customers without going through any third parties. Ultra is a fairly new project, and as such, it offers the very real potential of serious growth in the future.

Tune.FM (JAM)

Tune.FM (JAM) is a tokenized marketplace that allows musicians to stream their work and earn instant revenues. It also offers a series of tools that will make it easier for content owners to track copyrights and associated royalties within the blockchain ecosystem. Tune.FM is hoping to become the go-to platform for decentralized music sales and so far, it is slowly and surely getting there.

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Top 3 crypto coins that beginners surprisingly ignore

For many beginners who are jumping into crypto for the first time, they will be a lot of coins in mind. But in most cases, the focus will be on the bigger established cryptocurrencies like Bitcoin or Ethereum. There is nothing wrong with buying these mega-caps, but it’s also very easy to avoid other important coins. Here is why:

  • Most beginner crypto investors don’t typically have enough knowledge of crypto.

  • Finding hidden gems in the crypto market is never easy.

  • Beginners are typically very risk-averse in nature.

Despite this, it is important to know some of the coins surprisingly avoided by beginner investors. Here is the list.

Monero (XMR)

Monero (XMR) is actually one coin that has been trading in the crypto market for years. In fact, it would be strange to consider Bitcoin and not consider Monero in there too. Also, the coin has received a lot of media coverage over the years, and chances are you may have come across it. 

Data Source: Tradingview 

But beginners will not take the chance on Monero simply because they don’t understand how this privacy token works. But this is a mistake since XMR still has so much potential under its belt.

USD Coin (USDC)

Not every person buying crypto wants to 10x their money. There are also a lot of folks who want to buy crypto as a store of wealth. There are of course many coins that offer that in fact, many beginners would go for the heavy hitters like BTC. But if you don’t want any risk, USD Coin (USDC) would be the ideal option.

Yearn Finance (YFI)

Outside Bitcoin, Yearn Finance (YFI) is one of the most expensive tokens in terms of price per coin. It may therefore seem like it is priced out. But when you look at the market cap, it’s actually very low. It’s therefore easy to ignore the coin, thinking it’s overpriced while it’s actually not.

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Virtual Reality Revolution: 3 coins making headlines in this area

The metaverse is expected to become the next frontier of growth in the crypto universe. But before the metaverse, there was virtual reality. As VR becomes more advanced, it is now getting fully integrated into the blockchain ecosystem. Here is why:

  • Virtual reality has vast applications in business and leisure.

  • VR is also seen as the future of human interaction.

  • Blockchain technology can help make VR more decentralized and private.

If you are thinking of taking advantage of the VR boom, the following are three top coins that you can buy.

CEEK VR (CEEK)

CEEK VR (CEEK) is an interesting VR project that is hoping to bring the metaverse into music and entertainment. Just think about it. Imagine being able to attend a live concert for your favorite singers? Or being able to watch your favorite athletes do what they do? 

Data Source: Tradingview 

Well, CEEK is built to make that happen and comes with full NFT integration as well. The project is designed to make it easier for content creators to monetize their work and find new avenues to make money. CEEK is the future of music streaming and as such, it should be on your radar.

High Street (HIGH)

High Street (HIGH) is a metaverse token that combines both virtual reality and play to earn gaming. The project hopes to develop a unique network of digital communities that can engage in exciting activities inside a virtual world. For example, if you ever wanted to race a car, you can do it inside this digital universe.

ApeCoin (APE)

ApeCoin (APE) is an NFT inspired coin that is also hoping to create a virtual reality. The coin launched just a few days back and has been gaining a lot. It is linked to the Bored Ape Yacht Club (BAYC). There is a lot more to come from this coin, and virtual reality will be at the center of everything.

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Unlocking long term value in crypto: Top coins to buy

The volatility of the crypto market can be very dangerous for short-term trades. However, it is possible to get very decent returns on capital if you decide to focus solely on long-term plays. In fact, most coins in the market will always deliver value over time. Here is what to look for in long term coins:

  • Check the underlying business structure and product.

  • The project needs to have deep-pocketed and serious investors or backers

  • Ensure the coin also has some trade volume as well.

With that said, we thought it would be nice to pick out at least 3 coins that could help you unlock long-term value in crypto. Here they are:

Elrond (EGLD)

Elrond (EGLD) is a promising blockchain designed to address the key challenges associated with older chains like Ethereum and Bitcoin. The platform offers fast, low-cost, and highly efficient transactions. 

Data Source: Tradingview 

It is seen as one of the main challengers to Ethereum’s dominance. Over the last few months, Elrond has been getting a lot of investment and ecosystem funds to help expand its reach. It is an asset that has the capacity to offer incredible long-term value.

Harmony (ONE)

Harmony (ONE) is also another blockchain project that was built to help facilitate the creation of innovative DAPPs. It is designed to promote low gas fees, faster speeds, and ease of use among the community. The Harmony project has been around for several years and still remains a high potential coin for the long term.

Compound Finance (COMP)

DeFi is expected to become a very central part of the blockchain industry. Compound Finance (COMP) is one of the newer, more promising projects in DeFi that has the potential of going even further. It’s one of those coins that you buy and hold for a few years. The value unlocked here will be quite impressive.

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Crypto spot trading: The Best coins to consider in it

Spot trading has become one of the most common ways to buy and sell crypto. Although spot trading has its risks, it has low barriers of entry and is open to literally everyone. But you need to be very careful when choosing assets for spot trading. Here are some attributes to consider:

  • Cryptos for spot trading must have very high trading volumes

  • You also want highly volatile assets that swing fast.

  • The assets must also be available in all major centralized exchanges.

With that said, if you are thinking of dipping your toes into the world of crypto spot trading, these are some of the best coins to consider:

Bitcoin (BTC)

Bitcoin (BTC) is the biggest crypto and one of the most recognizable in the world. If you are going to spot trade, then BTC will need to be part of that calculus. The most important thing about BTC is the large daily trade volume.

This means that there is enough liquidity in the market to ensure orders to buy or sell are filled with minimum or no slippage. BTC is also spot traded in the biggest exchanges in the world and is accessible to everyone.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) was created to provide the foundations over which payment systems can be developed in the decentralized economy. It’s related to Bitcoin in a way, but it is an asset of its own. However, just like BTC, BCH has large trade volumes each day. There is also a huge market cap to deal with so chances of making returns are high.

Shiba Inu (SHIB)

Meme coins have always been great for short-term speculative trading, and there is no better meme coin out there than Shiba Inu (SHIB). The token is prone to a lot of daily volatility and trade volume as well. SHIB can also be purchased from a lot of exchanges.

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