While talking about cryptocurrency, LC4 and Cosmos (Atom) are one of the cryptocurrencies in which I am thinking to invest, why? I will give you the answer but, first, let me introduce you to these currencies.
It is a Leading Coin 4 entrepreneur, it operates
on the Ethereum platform, it is not much famous and you might not be
able to find it on any internet platform like Wikipedia. But I will give you
its website link so, you will be able to know about it easily. Its stats are:
Current price: $0.06690, 10.53 Pakistani Rupee
24h change: $0.003733 (^5.94%);
0.75 Pakistani Rupee
Market Rank: 3160
1y: $0.00113
No. of coins in
circulation: 0
Before seeing its
market cap, we have to know, “What is Market Cap?”
Market Cap or Market Capitalization refers to “A metric
that measures the size of the cryptocurrency.” To measure the market cap,
just multiply the current market price of the coin with the total no. of coins in
circulation.
Formula: Current Market price × Total no. of coins in
circulation
$0.06690 × 0
Market Cap: 0
Lc4 website link: https://www.lc4foundation.org/default.aspx#intro
Why I was thinking of investing
in it?
Ans: I was thinking of investing in it because
it was one of the cryptocurrencies going in the profit and I joined the zoom
sessions of some companies which were thinking of investing in Lc4. And after
seeing its stats of a week I was convinced to invest in Lc4, I took
suggestions from many people but, after their research, I came to know it`s not
too famous and cannot be easily found due to which I stopped following it. So,
now I am left with one option of investing in Cosmos. Let`s see, “What is Cosmos?”
Cosmos is a localized network of independent and parallel
blockchains (a complex system of recording information that makes data
difficult to hack), each of them is powered by Byzantine-Fault Tolerance short
for BFT (A cure for Byzantine-Fault, the Byzantine-Fault
Tolerance whose objective is to overcome the failures of the system with or
without showing symptoms) an agreement like the Tendermint agreement
(Tendermint is actually a software that secures and consistently
allows the user to replicate the application on different
platforms).
According to Cosmos: https://cosmos.network/intro
So, it shows that
Cosmos is secure and has a fast transaction process which makes it great and
according to me and my research partner, Cosmos is a great cryptocurrency to
invest in. Investing in any cryptocurrency, we should first check its current
value and its 1-week stats (Here, I have provided 1y stats too, if you are
interested in them).
See below👇
Current Value: $ 13.78
24h change: +3.84%
1y: $3.74
Here, a question arises why the
prices of cryptocurrencies are hiking in spite of COVID-19. Its because many
countries like “Russia, China, Canada, the Eu and many other countries are
working on central bank digital currencies. This is obvious that
the old financial world sees cryptocurrency as the future.
Its price is increasing because Elon Musk
(Owner of Tesla motors) has invested 1.5 billion dollars in Bitcoin and
changed the game (Because the price of Bitcoin almost reached $9,095 from $10,
250).
In a chat on a social media app
Clubhouse, Musk says, "I am a supporter of bitcoin."
He said bitcoin was "on the verge of getting broad
acceptance" by conventional finance people. Musk added
that he was "a little slow on the uptake" and should have bought it
years ago. According to the sources of economic times.
So, the answer is “See the price of the Bitcoin, its current price is $
51,111. A person like me who’s a teenager and who doesn`t even have a job
and trying to buy crypto from his savings… I think it will be costly but, if
you are rich enough to buy the Bitcoin, why not?”
Well, if you want to do research by yourself
on Cosmos (Atom), here`s the website link.
👉 https://cosmos.network/
That`s all, thanks for reading. Take Care😷
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