- How to Win Half the Battle
Kram the Alien
Just now·6 min read
As G. I. Joe said, “Knowing is half the battle”, and when investing in crypto, one should know what are the best cryptocurrencies to invest in 2021, especially if we want to take advantage of this bull run that is just warming up.
The key in the world of cryptocurrencies is knowing about in which ones to invest and knowing the right time to do so.
Who doesn’t know the terrible horror stories of those poor noobs that invested in shitcoins just for the sake of it, or because a famous youtuber shilled them on a live stream, so their army aped into buying because of hype and then dump, causing nothing but grief and debt to those poor souls that investing without doing proper research?
Researching and investigating are the best bets to know where to invest and where to stake. What should you look for:
- Good tokenomics. Tokenomics is the topic of understanding the supply and demand characteristics of cryptocurrency.
Fundamentals are everything. Things like what kind of value the project is adding to the world. Does it have a use case?
From looking at projections to reading up on experts, to analyzing the market is as important, and understanding the functioning of crypto as well as the terminology when making a choice and investing.
For example, decentralization is very important for cryptocurrencies, since it allows developers to choose in which platform to build top of for long-term viability and investors allocate capital to the industry.
Decentralization is one of the main things that makes crypto so valuable, unlike traditional government and management classic models, not focusing all the power in one entity only is not only the most democratic thing there is but also a democracy that actually works and you can make profit out of it.
Another matter of importance is the confidence a cryptocurrency has since the value of a token is based on the confidence its buyers have for it. That is why tokens like Bitcoin are so successful, and why things like Petro never were.
Haven’t you heard of Petro? No worries; no one did.
An obvious choice when investing in crypto is Bitcoin ($BTC), it is the number one reference for treasury and store of value. A token with which its reputation precedes itself, since it holds 65% of the market cap, being named ‘the King of Crypto’ is not for nothing.
And even though Bitcoin might be the most popular crypto among investors, it’s not the most influential or effective when it comes to scalability, which is something you need to also focus on when investing in a project. What would happen when a lot of people start using [insert use case of the project here]?
That is why Ethereum ($ETH) is the king of crypto ecosystems.
The crypto market is filled with multiple alternative tokens (commonly referred to as Altcoins) with diverse levels of value and confidence.
An example is Litecoin ($LTC), developed by Charlie Lee, an ex-Google employee. As referenced by the name, Litecoin is derivative from Bitcoin, but lighter and faster. It has seen very exponential growth in the year 2020, as well.
Another interesting altcoin to look at is Zcash ($ZEC), an altcoin based on confidentiality and privacy, quick and cheap transactions from everywhere, and for everyone, thanks to its peculiar cryptography, known as zk-SNARKs.
A less known, yet intriguing token is Zenon ($ZNN): a somewhat new cryptocurrency with an intriguing and innovative design, based on its dual-token and completely decentralized infrastructure, it has already gathered an impressive and rich community, which vouches for its rise.
As I said before, two major things to notice when investing in a project.
By looking at the projections, though, I have a reason to be enthusiastic about this project, as it is very possible that Zenon will reach the 5 figures area in the mid-long term.
Maximum supply for $ZNN is 8.6MM and market cap as of this day is around 100–130MM.
In the following table you will find the projections for $ZNN as the market cap grows compared to other crypto ecosystems.
The fundamentals for Zenon are many but in this article we will focus on one thing mainly: use-case.
Zenon is The Network of Momentum, and it lives by its name by focusing most of the technology on decentralization, Zenon spots one of the best ⎼if not THE best models⎼ in the market at the moment.
If you would like to go deep into Zenon read this article: Zenon.Network ⎼ An ape’s guide to the galaxy.
Zenon Network is creating an evolutionary step in distributed ledger technology to enable an efficient trust layer for transfer of value and data globally.
It proposes a new type of architecture designed to overcome the limitations of current blockchain or DAG based cryptocurrencies.
In short, they have divided the network into three nodes and an extra to optimize PoW (Proof of work) and PoS (Proof of stake). The three nodes are the following:
Representing the foundation layer of the Network of Momentum, Pillars participate in the consensus protocol and hold information about network transactions. They require higher resources to operate and sustain the network.
A unique type of node, resembling a Pillar, but acting only as an observer of the consensus algorithm. It carries out the creation of PoW links for transactions, requiring moderate resources to operate.
A lightweight node that performs basic operations for the network and stores only the block-lattice data structure. It can be configured to respond to queries from clients and requires minimum resources to operate.
In the pursuit of decentralization of the geographical distribution Zenon, The Network of Momentum is actually exploring the possibility of integrating a satellite dedicated SDK for Pillars.
One curious thing to note about Zenon is that its founding time has remained completely anonymous so far, arguing that way, they uphold the principle of the currency in which it is based entirely on the community, as well as helping with the decentralized model.
If you would like to learn the Zenon beginning story, I welcome you to view this video made by one of their community members
Remember that constant research is vital for a worthwhile investment, so you can know the ins and outs of this fascinating world. Once again, “Knowing is half the battle.”
Among Altcoins, Zenon has one of the best combinations of favorable attributes when it comes for picking a project to invest in. Between the Tokenomics, the innovative mechanics, the community, and backing fundamentals, Zenon has everything a rising crypto could ask for a smashing success. But at the end of the day, one should do their own research and realize if you’re interested in investing. That way, you will hit the moon, no matter what you decide.
If you want to go deeper into the rabbit hole, follow Zenon on social media platforms:
- Date of publication:
- Tue, 04/06/2021 - 15:16
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