Looking for other cryptocurrencies and blockchain technology providers to invest in aside from Bitcoin and Ethereum? Just like other forms of investments, diversifying your crypto portfolio can be a great strategy to maximize your returns and reduce risk.
As of July 2020, CoinMarketCap, the world’s most trusted price-tracking resource for crypto assets, ranks two cryptocurrencies behind Bitcoin (1st) and Ethereum (2nd) in its list of “Top 100 Cryptocurrencies by Market Capitalization.” These two coins are Tether (3rd) and XRP (4th), and worth looking into for any crypto investor.
Tether
As a blockchain-enabled platform, Tether is designed to disrupt the conventional financial system by facilitating the use of fiat currencies via a more modern approach to money. Tether enables people to transact across the blockchain using traditional currencies without the inherent volatility and complexity associated with many cryptocurrencies.
As the first blockchain technology companies to facilitate the digital use of a familiar, stable accounting unit in the form of traditional currencies, Tether has led the way for a more democratic, blockchain-based cross-border transactions.
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- Basic Information
- Ticker: USDT
- Market Cap: $9,126,666,412 USD
- Circulating Supply: 9,187,991,663 USDT
- Total Supply: 9,479,177,442 USDT
- Basic Information
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- How does Tether work?Tethers are digital tokens built on the Ethereum, Bitcoin, Tron, and EOS blockchains using the Omni and Liquid Protocol. These transport protocols allow users to issue and redeem cryptocurrency, aka “tethers,” through the use of open-source software interfacing with the blockchain. Tether’s reserves fully back Tether Platform currencies. Users can redeem and exchange tethers with a conversion rate of 1 USDT to 1 USD.
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- How do you buy Tether?You can buy tethers on any cryptocurrency exchange. Make sure to do your research before proceeding with any transaction on the blockchain.
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- How do you store Tether?You can store your tethers in a cold or hot wallet, or on an exchange. Tethers can be sent, stored, and received across the blockchain, and can be redeemed for cash.
XRP
Built for payments, XRP is the native digital asset on the XRP Ledger. It is a permissionless, open-source, and decentralized blockchain technology.
XRP transactions can be settled in 3-5 seconds and don’t need a central intermediary to facilitate transactions. As such, it’s a convenient instrument that can efficiently and quickly bridge cryptocurrencies.
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- Basic Information
- Ticker: XRP
- Market Cap: $8,602,166,468 USD
- Circulating Supply: 44,257,803,618 XRP
- Total Supply: 99,990,932,726 XRP
- Max Supply: 100,000,000,000 XRP
- Basic Information
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- How Does XRP Work?Ripple created XRP to be a less costly, speedy, and more scalable alternative to existing payment platforms like SWIFT and other digital assets.Unlike Bitcoin, which uses proof-of-work mining, anyone can be a Ripple validator on RippleNet’s ledger. The ledger processes transactions in around 3-5 seconds, or the moment independent validator nodes come to a consensus on both the order and validity of XRP transactions. As such, validators also include financial institutions, universities, and other members of the global XRP community instead of just miners.
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- How Do You Buy XRP?You can buy XRP on any cryptocurrency exchange. Make sure to do your research before proceeding with any transaction on the blockchain.
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- How Do You Store XRP?You can store your XRP in a cold or hot wallet, or on an exchange.
Grow Your Wealth in the Lucrative Crypto Space
Tether and XRP are just two of hundreds of cryptocurrencies and blockchain companies you can invest in today. The blockchain’s groundbreaking applications offer vast potential for wealth generation, and Key Coin Assets can help you create a strategy to take advantage of this tremendous opportunity. Call us today and start to invest in yourself!