Author: Investor Place
Torrenting has been part of the internet lexicon for several years and is one of the most popular online file-sharing methods. Torrents were made famous by the BitTorrent platform, the leading peer-to-peer (P2P) file-sharing protocol. These days, the BitTorrent platform also offers a cryptocurrency to share files. BTT ended 2021 with a year-to-date gain of over 800%. However, most of these gains were during the year’s first half. It’s gained only 15% in the past six months, which is a testament to its murky prospects. In essence, the exchange of BTT for faster download speeds is simple economics. As the service…
If you’d invested just $500 in Solana at the start of 2021, you’d have roughly $47,500 at the end of the year. You read that right — that’s approximately a 9,500% gain. Having been in the game since 2017, no one would’ve predicted such massive gains for SOL. However, with such humongous profits last year, many would wonder whether there’s any upside left to investing in Solana. The short answer to that is a big, “YES!” Any cryptocurrency with a good amount of use cases is likely to be attractive over the long term. Solana has been arguably one of the…
Fantom is in the crypto spotlight today, as engagement on Stocktwits around the cryptocurrency is steadily rising. The FTM crypto first became tradable in 2018 and has since risen by over 15,000%. At the time of writing, FTM crypto is the 29th largest crypto based on its market capitalization of $6.7 billion. Furthermore, the crypto is roughly $350 million away from passing Stellar, the 28th largest crypto. Fantom operates as decentralized and open-source layer-1 blockchain that is powered by the Lachesis consensus mechanism. Lachesis uses a proof-of-stake structure that enables transactions to be quick, secure and scalable. Recently, CoinDesk reported a surge in Fantom popularity and price due to…
Ripple has been drifting down in recent weeks. After seeing $1.34 in the first half of November, XRP-USD has been on a downward spiral, in part due to the current negative sentiment in the crypto space. At the time of writing, Dec. 31, 2021, Ripple’s native token XRP-USD is swapping hands at around 85 cents per token, a decline of about 15% in the last month alone. Meanwhile, the ongoing lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs is at its first-year anniversary. The SEC alleges Ripple executives have sold $1.3 billion worth of unregistered XRP tokens since 2013. There is chatter about a possible outcome…
Today marks the first day of Wall Street trading for the year of 2022, and to nobody’s surprise, cryptocurrency is all the rage. It looks like investing trends are, for the time being, mirroring an interest in cryptocurrency mining. After all, today marks a special new milestone for Bitcoin . As Bitcoin mining evidently continues to ramp up, plays like Marathon Digital Holdings are coming into the fold once more. Now, MARA stock is one of the hottest topics getting into the week. Crypto mining wasn’t an industry with an easygoing 2021. In fact, the market saw huge volatility alongside the crypto asset…
Pupcoins ruled 2021. Dogecoin sparked Shiba Inu . SHIB then sparked dozens of others, be it Dogelon Mars , Floki Inu, Kishu Inu or one of the many others that spawned in its wake. But these first few days of the new year are proving that the simple virtue of being a pupcoin isn’t enough to deliver huge gains. No currency is exemplifying that better than Santa Floki, a holiday-themed pupcoin that’s seeing big losses today. Santa Floki is exemplary of the trendiness of pupcoins. It launched in mid-November with a name combining the holiday season with noted pupcoin FLOKI. And while the token traded sideways for over a…
RadioShack is advising investors to stay wary of imposters looking to cash in on the much-hyped project. RadioShack might be a blast from the past to many investors, but don’t be fooled. After falling apart in the mid-2010s, the company is back and looking to be a power play in the crypto world. The consumer electronics retailer is launching its own project and a RadioShack crypto to match, and it’s gaining quite a bit of support as it nears fruition. Of course, this momentum is breeding imposters as well, something which the company is seeking to address this week. RadioShack has…
If you’re investing in cryptocurrency, specifically in altcoins like Floki Inu, you know that there’s a risk that you could lose your entire investment. That risk is impossible to quantify, but it’s not zero. And that’s a message that I know you hear from many InvestorPlace contributors. So I’ll just add my name to the list. But if you’re reading this article, you’re likely comfortable with the risk you’re taking. The reason that many individuals buy cryptocurrencies such as Floki Inu and “pupcoins” Shiba Inu and Dogecoin is for the possible reward. You’re looking at the ceiling, not the floor. This was touched on by my colleague Josh…
Elon Musk may be helping to keep Dogecoin relevant, but that alone isn’t enough of a reason to invest. Trading for around 17 cents as of this writing, if you held Dogecoin last January, you’ve seen a 35x return on your investment. Even as the original “pupcoin” remains down around 76.7% from its all-time high. However, if you got into Dogecoin well after that? Well, chances are you’re down big. If you’re still holding, you may be hoping that an eventual rebound to its high water mark is in store. With the help of Tesla chief executive officer Elon Musk, it may seem…
Metaverse platform Decentraland has enjoyed an incredible run-up this year, and for good reason. The metaverse has been the hottest buzzword going around these days. The promise of a virtual world where people can conduct business activities and socialize has investors scrambling to cash in on the up-and-coming trend. With blockchain technology critical to its development Decentraland will continue to gain more traction with the expansion of the metaverse. The critical role of blockchain technology in the metaverse was discussed in a recent Goldman Sachs report. Independent of a central authority, the blockchain can uniquely identify virtual objects. Therefore, after Facebook’s rebrand to Meta Platforms, there has been a sharp…