![]() Now, we want to introduce three less-talked-about cryptocurrencies: Cardano (ADA) Binance Coin (BNB) Monero (XMR) If you’ve been reading Crypto-Savvy, you know that in recent weeks we’ve touched on Bitcoin, Bitcoin Cash, Ether, Litecoin, Dogecoin, and a few other cryptocurrencies. Three less-talked-about cryptos: Cardano, Binance Coin, and Monero Coinbase, the largest crypto exchange in the U.S., went public on the Nasdaq in April with an initial valuation of $85 billion. Then there’s the hype surrounding Non-fungible tokens (NFTs) and a growing interest in Decentralized Finance (DeFi) - a way to execute financial transactions that cuts traditional institutions out and instead uses the blockchain. The pandemic and associated recession have led to an abnormal investment climate in the stock market, and people are looking for alternative investment options. ![]() The pandemicThe recessionThe hypeThe investment climate There are a few reasons why this past year, specifically, there has been such an influx of cash into the crypto industry: The cryptosphere is on fire! This week dozens of coins have hit all-time highs (ATHs).Īnd with big industry players like Square and PayPal getting on board with cryptocurrencies, alongside interest and adoption by banks like JPMorgan Chase, Goldman Sachs, and Citigroup, crypto's winning streak appears to be set to continue. ![]() If you don’t know about Cardano, Binance Coin, and Monero -Â you need to Altcoins: three alternatives to Bitcoin and Ethereum and why they deserve your attention
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