New Trending Crypto That Are Hitting Sky High

There’s no doubt that cryptocurrency is maintaining its popularity. Are you an investor or an enthusiast of these digital currencies? Or are you considering putting money down regularly on these? If the answer is yes, the guide we provide here will help.

It comes as no surprise that cryptocurrency has been generating interest for a long time after the inception of Bitcoin. With more online businesses adopting cryptocurrency as a payment method, it’s a sure sign that it’s not going away anytime soon. Here’s a look at the new trending cryptos that are hitting all-time highs in popularity.

Decentralized (DeFi) Tokens

Decentralized Finance (DeFi) has been considered one of the most revolutionary innovations in the financial industry. Its purpose is to provide decentralized alternatives to traditional financial services available on the market. DeFi tokens are considered one of the movement’s solid pillars. Users can borrow, lend, trade, and earn these tokens and any interest tied to the asset.

Notable tokens in the DeFi space include Uniswap (UNI), Aave, and Compound (COMP). Each allows you to invest in them and earn interest for as long as you hold them in your portfolio.

Non-Fungible Tokens (NFTs) Continue To Rise

Non-fungible tokens (NFTs) are still going strong despite the conversations about them dwindling in recent years. They go beyond just digital art. NFTs are also valuable tokens that can reward those who hold them, albeit for a lengthy period.

These NFTs have also created exclusive opportunities for investors, musicians, sports franchises, and other celebrities who have embraced NFTs. These awards give the owner exclusive access and privileges, such as unreleased music tracks, VIP experiences, and so much more.

Here are some of the notable NFT projects that have been growing in popularity since its introduction to the blockchain:

• CyberPunks: This is one of the earliest NFT projects to hit the market. It posts a library of 10,000 unique collectible characters that investors can purchase through respective marketplaces.

• Bored Ape Yacht Club (BAYC): Ah yes,  those cartoon Apes that you see all over the internet. For those who appreciate them, they are exclusive holders of one of 10,000 plus that feature various perks, including exclusive membership privileges into a private club.

• Axie Infinity (AXS): This is a blockchain-based game where players can own virtual creatures known as Axies.  You can raise and even train them to battle other Axies for rewards and prizes.  It reminds you of an NFT version of Pokemon, don’t you think? It also might be a lot different compared to online casino games that you may play, such as Sugar Rush. While you’re not battling the virtual creatures in this game, you could win a nice prize depending on the combination of reels you put together with each spin.

Privacy Coins Are Gaining Popularity Also

Privacy and data security concerns continue to grow throughout the digital age. Those concerns are valid, especially when cybercriminals continue to create more sophisticated attacks behind the scenes. It’s essential to stay a step ahead of the game when it comes to forwarding any attacks against home and business computers. In terms of the way we make transactions online and the way we invest, cryptocurrencies or privacy coins can provide plenty of anonymity and transaction confidentiality wherever they are accepted.

Three different privacy coins are leading the charge in this crypto space. They include but are not limited to the following:

• Monero (XMR): This is one of the many privacy coins that has gained popularity because of its robust features. It utilizes advanced cryptographic Techniques to ensure that cyber threats cannot see the details of every transaction.

• ZCash (ZEC): Another excellent token for shielding transaction data for businesses that could otherwise be right for cyber attacks.

• Dash (DASH):  It is primarily a privacy point that offers fast transactions. However, it can be excellent for anonymous transactions as well.

Meme Coins For The Fun Of It

Meme coins might have started off as a joke, but it’s no joke that they have gained plenty of attention and created investment opportunities for those interested.

Typically, meme coins are driven by social media height and Community Support, as opposed to other cryptocurrencies that utilize use cases and underlying technology. Meme coins such as Dogecoin and Shiba Inu are a couple of the most popular meme points on the market.

It’s no secret that countless meme coins are on the market right now. Are they worth it for your crypto goals? That is entirely up to you. If you just want to hold on to some of your favorite meme coins for fun, you are more than welcome to do so.

There’s no guarantee that holding them will result in a significant financial boost, but they just might be nice to have for the sake of collecting.

Final Thoughts

Cryptocurrencies are witnessing an increase in trends throughout their entire space. Are you confident in how the space is performing this year and beyond? If so, maybe it’s time you start investing in cryptocurrency. You may or may not have found the best investing opportunities up to this point. Be sure to perform your due diligence so you can make educated decisions about investing in the right cryptocurrencies.