6 Types of cryptocurrencies you might not know

 

 

A. Each cryptocurrency has its own group of features, benefits and functions. Some are used to pay for goods & services while others are used for investment purposes i.e. Bitcoin.

 

As far as categories go, I can think of six main types of crypto - here are the top three.

 

Type #1: Large Cap

 

Large cap crypto-currencies, are the ones that have the largest market cap (Price X No. of cryptos in circulation).

 

The top 3 large cap cryptocurrencies in order are:
 

• Bitcoin - $640 billion

• Ethereum - $254 billion

• Tether - $62 billion
 

Type #2: De-Fi

 

De-Fi (Decentralised Finance) are blockchain base cryptos that aim to recreate the traditional financial systems by not relying on a central financial intermediary i.e. banks, exchanges or brokers using cryptocurrencies and smart contracts.

 

The top 3 largest De-Fi cryptos are: 
  

• Uniswap

• Chainlink

• Pancake Swap

 

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Bitcoin's Weakness = Your Opportunity

 

If you're just watching Bitcoin headlines, you probably think crypto's dead in the water. But Sam Volkering’s Crypto Kings have crushed it - even when Bitcoin is taking it on the chin.

  

Get the details here.

 

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Type #3: Gaming

 

Gaming cryptos uses blockchain technology and digital currencies to for betting or playing online games. You’ll then find crypto coins used in crypto gaming to help facilitate and provide an economy-based system in the games.

 

The top 3 large gaming cryptos are:
 

• Enjin

• Decentraland

• Wink
 

Type #4: Memes

 

These cryptos started on the base of internet memes, to show how people will drive the price of anything including jokes.

 

Elon Musk, supports the buying of Doge Coin and is humorously known as the ‘Dogefather’ with an anecdotal quote ‘To the moon’.

 

The top meme cryptos are: 
 

• Doge

• Shiba Inu

• Safemoon
 

Type #5: Internet of things

 

IoT cryptos allow devices across the internet to send data to private blockchain networks. Basically, it’s a function to create the websites and search engines using decentralised methods…

 

The top IoT cryptos are: 
 

• IOTA

• Digibyte

• Vechain

 

Type #6: NFT (Non-fungible Tokens)

 

NFTs offer the ability to buy, sell or create works of digital art on the internet through a decentralised blockchain system. The main differences is that each NFT is unique, is not replaceable and is not divisible by another. You can read more about NFTs in the articles I’ve written recently by going here…  

 

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Trading Breakthrough: At Last, the World’s Most Liquid, Recession-Proof Market is Open to You…

 

The best CFD traders make huge gains no matter if the markets are up or down.

 

In just a moment, I’ll show you how I’ve recently enjoyed tremendous success and produced gains like —

 

• 107% in 36 days

• 119% in 14 days

• 105% in 20 days

• Event 142% in 19 days

 

Those profit plays were among a handful that went to a select group of readers. If you act today, you can join them risk-free

 

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What a Pickpocket Trader has to share:

 

“I would like to thank you for the hard work that you put behind each and every trade that you send to us. As l mentioned earlier, l was able to make a good profit from the tips. From now on, it’s all systems go!”

~ Mandla Khumalo'

 

Build your wealth like Mandla through trading by clicking here.

 

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Pocket Change Could Buy Your Most Lucrative Investment This Year 

 

While Bitcoin's been shaken up and down this year, there are dozens of smaller - yet far more lucrative - coins gaining momentum. Just grab the change on your bedside table.

  

From March to May of this year, those in the know could've made 158%, 171% and 105%. There's way more to come in the rest of 2021.

 

Click Here to Learn More

 

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Q. I’ve just read the Magic Touch letter about Pickpocket Trader. Before I join you guys with the profits, I just have one last question. Is there a list of things I need before I join your membership?”

 

A. I’m almost certain you have everything you need to start the service on a profitable note.

 

But just to make sure, here are my quick 6 check boxes to optimise your success.

 

You’ll need:

 

1. A computer or a cell phone with a good internet connection

 

2. A reliable and regulated broker with a charting platform to take your trades.

 

NOTE: (We’ll send you a list of brokers we highly recommend)

 

3. To know simple maths calculations

 

(addition, subtraction, multiplication and division).

 

4. To be able to tolerate bit of risk with your trades (2% to 3% at max)

 

5. A bit of money (+R5,000) to ensure you have some money to take on more than a couple of trades at a time.

 

6. Discipline to take trades and build your portfolio on a weekly basis.

 

That’s about it!

 

If you believe you have most of those six ticked off, you can start with Pickpocket Trader starting today.

  

Trade well, 

 

Timon Rossolimos,

Analyst, Red Hot Storm Trader