Top Altcoins to Invest in now

Top Altcoins to Invest in now
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There's always something fresh happening in the crypto space. Cryptocurrencies initially emerged to cut out institutional middlemen from currency exchanges. From this foundation, the core ideas have radiated in all directions. These days, the digital currency space is a confluence of complementary and competing ideas, use cases, products and ecosystems.

Latest calculations place the crypto industry at $2 billion. That's a mammoth figure considering how it all began in 2009. And it's just getting started. Bitcoin has climbed back above $60,000 on the heels of ETF approval in the US. Other crypto coins are gearing up for their own bull run. The long term forecast of the industry remains positive; all trends point towards even more explosive growth.

Bitcoin remains the king of crypto. It has led the charge for more widespread adoption of crypto as a medium of exchange and a store of value. Many other coins, dubbed alts, are snapping at its heels as they onboard their own community of enthusiasts, investors and promoters.

Amidst the enthusiasm, one simple fact remains: not all cryptocurrencies are created equal. With thousands of crypto assets in existence, some will be more popular or valuable than others. Every alternative currency has potential for huge gains or steep tanks. You can get very rich or lose all your money based on which coins you buy. For this reason, investors often get confused over the best digital coins to invest in.

Bitcoin vs Top Alt Coins

If you asked a typical crypto analyst for one coin to invest in, the answer would be "bitcoin" and for good reason. BTC is the most valuable crypto, the safest and the trendsetter for the whole industry. But this doesn't mean you can't find short and long-term gains elsewhere. Several popular alternatives to Bitcoin like Ether, Cardano, Solana, Vechain and PolkaDot have surged to unprecedented highs recently.

In other words, you may have more to gain by investing in bitcoin alternatives than in BTC itself. Even accounting for the volatile nature of crypto, some popular coins have proved their staying power and long-term reliability for securing gains for investors.

As the year comes to a close, it's still possible to make quick gains by investing in the best altcoins around. Investors who position themselves early stand to benefit when the alt season kicks into gear. When you buy wisely, you won't need to wait for the alt top to secure appreciable profits. To fully maximize your strategy, you must know the best altcoins to buy and when to buy them.

What is an Altcoin?

altcoins

An alt coin or altcoin is a cryptocurrency that isn't bitcoin. They're dubbed so because they are considered alternatives to bitcoin. On one side stands BTC with over 45 percent of the global cryptocurrency valuation. On the other stands various competing alternatives, each one touting at least one advantage over BTC.

In the formal fintech industry, altcoin doesn't refer to just any crypto coin but the most popular bitcoin alternatives. Thus, Ether, XRP, Stellar, Polygon, Fantom, Cardano, etc., are dubbed altcoins. Altcoin season refers to when money flows from bitcoin to the top altcoins, leading to a general bull run for alts.

BTC might have kicked off the era of crypto but altcoins took the industry to the next level. Alts spearhead the latest trends and tech in the space. Whether it be a new blockchain consensus mechanism, governance model, gaming metaverse, decentralized finance, launchpad or governance token, alts are ubiquitous.

Why to Invest in Altcoins

Before talking about the best altcoins to invest in, a few words should be said about why to buy them in the first place. Since BTC is the most popular coin around, why doesn't everyone just buy it?

Because it wouldn't make sense. Here's why:

  • Alts are generally cheap. Bitcoin and its wrapped variants (renBTC, wBTC, BTCb) are above $50,000 right now. Of the thousands of bitcoin alternatives—and dozens of top altcoins—only ETH, Yearn.finance (YFI) and Maker (MKR) are above $1000 per token. This makes alts affordable to buy compared to bitcoin.
  • Alts have higher earning potential. This is a direct result of being relatively cheaper than bitcoin. If you buy one BTC at $60k, you are likely going to have to wait a while to double your money. In contrast, getting in on a hot altcoin when it's still cheap can easily quadruple your money in a week.
  • Alts offer side rewards. Depending on the top alt coins you invest in, you can enjoy benefits of holding them that BTC just doesn't provide. Right now, bitcoin is largely a transaction medium and store of value. If you hold a coin like Cardano, you can stake it to earn more ADA. Simply holding enough of it can also qualify you to participate on launchpad or in airdrops.
  • Alts are ecosystem gateways. Granted, this point specifically refers to chain and platform altcoins like Ether, Solana, Internet Computer, and Kyrrex. When you hold a coin in this category, your money increases as its price moves upwards. In addition, you gain access to the blockchain ecosystem, alongside fee rebates, waivers and other benefits.

BTC price is spiking right now. This means that the alt coins 2021 season is potentially around the corner. The same happened in the first quarter of the year when BTC reached ATH, causing massive FOMO that eventually led to the alt season in the second quarter.

As explained earlier, you should position yourself to cash in during the repeat which will likely happen in the 4th quarter of 2021. To that end, we've gathered the top altcoins that we believe have the best upside.

Remember that nothing is guaranteed in crypto. Therefore, only invest what you can afford to lose. Even altcoins with the most potential can have a rough time.

Best Altcoins to invest in:

If you want to know what altcoins to buy in 2021, read on. We have arranged the alt coins to invest in into different categories for easier reading and explanation.

Blockchain Coins

A blockchain like Ethereum or Cardano is a distributed ledger that records transactions and duplicates it across the network. A blockchain coin is the native token of a blockchain. The core function of a blockchain is to pay validators and allow holders to participate in the governance of the ecosystem.

Since bitcoin launched, many blockchain projects have emerged on the scene. Some are very fast while others are more scalable. Every blockchain that manages to catch public attention brings a new technology to the table.

Most of the best altcoins are chain tokens. If you're looking for top alt coins to buy, the coins in this section represent good choices.

1. Ether (ETH)

Ether is the native token of the Ethereum blockchain. It is hands down one of the best alt coins to invest in; if not the best.

Ethereum is the most popular cryptocurrency after bitcoin. It accounts for 18 percent of the global cryptocurrency valuation. These days, Ether is a dependable store of value for those who want to invest in a bitcoin alternative. Its value has more than doubled since the beginning of the year.

Investors in Ethereum have good reasons to be confident of positive gains in the near and far future. The platform processes transactions way faster than BTC. Moreover, plans are already advanced for ETH 2.0. The new protocol will move Ethereum from proof-of-work to proof-of-stake. This will increase speed, lower gas costs, and make the network more energy efficient.

All in all, things are looking rosy for Ethereum. It is the most popular smart contract platform. Most DeFi projects use the blockchain. The NFT craze is also being driven by Ethereum. Despite repeated talk of Ethereum killers, ETH is poised to hang onto its throne as the best of the top altcoins to buy in 2021 and beyond.

2. Cardano (ADA)

Cardano is one of the surprise packages of 2021 and the good times are set to continue. The platform is built on the foundations laid by peer-reviewed research. It uses a unique proof-of-stake mechanism named ouroboros to validate transactions. The platform uses a fraction of the energy that bitcoin needs to run. Ethical investors will be attracted to Cardano's commitment to energy efficiency.

The ADA token is one of the top altcoins to buy right now. The coin has risen by more than 8 times its value at the beginning of the year. Cardano is one of the most hyped "ETH killers".

One of the selling points of Cardano is the development of smart contracts. The platform formally welcomed the building of DeFi platforms on the blockchain in September, ushering in an era of decentralized finance. Even with the recent pullback, ADA is still the fourth largest crypto by market cap. It is one of the most credible tokens on this list.

Its founder and public face, Charles Hoskinson, is a known and trusted name in the industry. This fills investors with confidence. Plus, there will only ever be a max of 45 billion ADAs in circulation, making it a deflationary token. No wonder many industry experts regard Cardano as a shoo-in among the top alt coins to invest in.

3. Solana

At the beginning of the year, Solana was a little-regarded coin trading at $1.86 a pop. Now, the price is above $150. This represents a jump of 8000 percent, a barely believable figure in that time, for a mainline project.

Solana uses proof-of-history to facilitate a chronological storage of transactions on the network. It has other innovations that have helped it soar above the competition. For example, Turbine enables data to seamlessly reach the nodes while Tower BFT speeds up consensus by optimizing transaction latency.

Solana was turbocharged by the rapid development of smart contracts. This has enabled many projects to build dapps on the blockchain. The rise of NFTs has also contributed to growing interest in Solana. Projects like SolanaApe went nuclear, helping drive the popularity of Sol.

From obscurity, SOL is now one of the top ten cryptocurrencies in the world and it's poised to stay there for the foreseeable future. The network is faster than ETH and transaction costs are way cheaper. This makes the platform attractive to developers, big speculators, and retail investors alike.

4. Internet Computer (ICP)

Internet Computer is the brainchild of Dominic Williams, a crypto theorist, and the DFINITY Foundation. Many people hail it as the third great innovation in blockchain after decentralized digital transactions (Bitcoin) and smart contracts (Ethereum). Those behind ICP claim it heralds the dawn of "limitless blockchain".

The blockchain understandably generated and still generates lots of controversy because of the ambitious goals. ICP wants to turn the internet into a computation platform that can host systems and services. The platform intends to break the reliance on private hosting companies like Amazon and Google and replace them with a decentralized Internet.

ICP soared soon after launch in May on the back of investors' excitement about the project. It went as high as $737.20 before a sharp descent over the months, now trading at a respectable $45.

Despite that, long-term projections for ICP are very bullish. If the platform achieves its goals of eliminating the need for servers and commercial cloud companies, it's going to become even more popular. For those who embrace the platform's long-term vision, ICP is one of the best new altcoins 2021.

If you believe that ICP can reclaim the internet from powerful companies, then it is one of the altcoins with most potential right now.

5. PolkaDot

PolkaDot has a unique place among blockchains. It positions itself as the blockchain of blockchains. PolkaDot consists of the central hub, the Relay Chain, and parachains, parathreads, and bridges.

The parachains are independent blochains with their own ecosystem and governance, parathreads are smaller chains that can be generated on demand and bridges enable connection between parachains and outside blockchains. At the center of it all, the Relay Chain provides security, consensus and interoperability among the various chains.

DOT is the native token of this system. It is currently trading near its ATH and is primed for another bull run as crypto enthusiasts slowly come around to the possibilities of the network. Transactions on PolkaDot occur faster than on ETH and it is compatible with other chains.

Top Exchange Coins to invest in:

An exchange is a platform where crypto users can transact coins and convert them into normal money. Exchange coins are developed by exchanges. An exchange can float a token to raise funds for initial operations. Beyond that, an exchange coin is used to pay transaction fees and distribute rewards on the given exchange.

Recently, many people have started investing in exchange coins because of their growth potential. The most popular case is Binance Coin (BNB). Because of its high current price, many investors are searching for Binance alternatives with similar moonshot potential.

Here are the best altcoins to invest in among the Binance alternatives:

1. Kyrrex Token (KRRX)

Kyrrex Coin is easily the least known of the altcoins on this list but might just have the best long-term upside. As an exchange coin, it's essentially guaranteed to go up in price once the platform properly takes flight.

Many people who missed buying Binance Coin when it was still cheap recognize KRRX as one of the viable Binance alternatives out there. It's backed by a team with an ambitious project that will disrupt the established status quo.

First things first. KRRX is the native and governance token of the Kyrrex Exchange. Holders of the coin will pay lower fees when they trade on the platform. Beyond that, the coin will also service the larger Kyrrex ecosystem. Eventually, holders will be able to use it to buy real-world stuff, pay for social crypto services, and stake to earn more tokens.

With so many use cases, KRRX is one of the best alt coins for 2021. However, given its relative newness compared to other coins here, don't forget to invest responsibly. 

2. KuCoin Token (KCS)

KuCoin token is an interesting one among the myriad of exchange currencies around. Many people regard it as just a token with simple utility. KuCoin traders use the token to pay fees and enjoy interest of up to 80%. Holders can also participate in the sale of new coins launched on the platform's customised launchpad.

Beyond that, the KuCoin token is an interest-yielding digital instrument. This should be interesting news for investors looking for new alt coins to invest in. KCS holders enjoy daily dividends generated from half the platform's daily trading fees. The coin will also serve as fuel for the upcoming KuChain and KuCoin ecosystem.

KCS has a max supply of 200m. The platform will eventually buy back and burn the token until there's only 100m left, just like with Binance.

Launchpads and Decentralized Exchanges

Launchpads and Decentralized Exchanges

Launchpads in crypto are platforms that host the initial sale of new altcoins. Decentralized exchanges bypass KYC and other requirements of centralized platforms like Binance and let users buy and sell crypto anonymously.

Here are some that can prove to be great investments in:

1. Uniswap (UNI)

Uniswap is a DEX on the Ethereum Network. It currently has a market cap of $16 billion, placing it just outside the top 10. Uniswap is the most popular crypto swapping platform in the world which makes it a great choice for long-term investors.

2. PancakeSwap (CAKE)

CAKE is the native token of PancakeSwap, the biggest decentralized exchange on the Binance Smart Chain network. CAKE holders can participate in platform governance and stake the token at lucrative interest rates.

CAKE is currently some way down from its ATH, making it a great choice for investors who want to FOMO into the expected uptrend once altcoin season kicks off. The token has already increased by more than 3000% from its January price and experts are expecting more of the same in the future.

3. Solanium (SLIM)

Solanium is a launchpad on the Solana network. Users stake a minimum of 100 SLIM to enter a lottery to participate in initial coin offerings hosted on the platform. The more coins you stake, the higher your chances of getting an IDO allocation.

Along with Raydium, Solanium is the most respected launchpad on Solana so its prospects seem high. Buying the token also nets you the opportunity to grab other quality tokens. For many people, this makes investing in SLIM a no-brainer.

4. Polkastarter (POLS)

Polkastarter is a decentralized launch platform for token pools and auctions. It is built on PolkaDot and manages the initial token launch, distribution and vesting for early-stage projects. The native token, POLS, serves as the ticket for users willing to participate in token launches. It has other features like private pools, whitelisting, and smart contract token swaps.


Game and NFT Coins

 Game and NFT Coins

Game metaverse and non-fungible tokens are the current rave in crypto. However, this is one of the most unpredictable areas in an already-volatile industry. You should know when to ride along and when to drop off the wagon with your bag secured.

1. Axie Infinity Shards (AXS)

From obscurity to superstar status among game projects: that's the story of Axie Infinity. The platform is Pokemon meets crypto. Players buy and breed unique NFTs known as axies.

The price of the native token has risen from less than 5 dollars in January to over 120 dollars in October 2021. The surge was fuelled by the popularity of NFT games and that looks set to continue.

2. Enjin Coin (ENJ)

Enjin Coin is used to back digital assets tokenized on Enjin, a blockchain gaming platform. The supply of ENJ is pegged at 1 billion. However, the supply reduces as the token is locked into in-game NFTs. The coin is worth a punt for investors looking to benefit from the NFT rush.

3. Chiliz (CHZ)


Chiliz is a sidechain platform that partners with sports organizations to create fan tokens. These tokens allow fans to play a small role in the decision making of their clubs.

Chiliz has partnered with various clubs across the sports world. It runs the socios.com social platform where fans can vote on team decisions.

The platform can be said to pave the way for fan engagement in sports and entertainment. This places CHZ as one of the alt coins to buy for speculators.


Theme Coins

 Theme Coins

Theme coins are generally launched around a specific theme. This may be a joke or a cause. Despite having no real world value, theme coins can rally with the right momentum.

1. Dogecoin (DOGE)

Dogecoin is a joke that became a sensation. The coin was created for laughs back in 2013. It shot into mainstream attention following a series of tweets by the "Dogemaster" Elon Musk. It reached an all-time high and made many people rich. Despite falling back down to earth shortly after, it remains one of the top alt coins in 2021.

2. Shiba Inu (SHIB)

Another paragraph, another meme coin. SHIB, like DOGE, became one of the top altcoins 2021 despite having no real-world use value. It is a fork of Doge that went viral and has gone through several price spikes. Anyone who invests in this coin is probably hoping for another Musk-propelled price pump.

Finally…

While raring to grab some of the hottest alts in 2021, remember to invest with prudence. There is no sure banker in crypto but you can do your research to find quality projects with a great community and practical use cases.

But you can even make a killing from supposed meme coins like DOGE if you get lucky.

Buying an alt this season is all about timing your entry so that you don't get stuck in a prolonged downtrend. Go for established coins like Cardano or new alts like Kyrrex to increase your chances of getting great returns on your investment.

About Kyrrex

Kyrrex is a multifunctional professional platform for trading and storing cryptocurrencies

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Investing in Crypto: The Spanish Approach to Criptomonedas

Criptomonedas have become super popular with Spanish investors lately, and it's not at all surprising. Spain is actually a very big crypto market, at least if we're talking about Europe. To make things even more exciting, there are loads of ways Spanish crypto enthusiasts can get in on the hot action. In this article, we will show you the various methods available if you're trying to invest in crypto in Spain.

Investing Crypto in Spain: Your Options

Whether you want to directly buy coins or would rather do so through an intermediary, the Spanish crypto market has everything you need. Let's take a look at the most common ways to get involved:

1. Direct Ownership of Criptomonedas

The most obvious way is to simply buy and hold your own criptomonedas like Bitcoin, Ethereum, or other altcoins. You can grab coins on Spanish exchanges or big international ones, then stash them in software or hardware wallets. Spain has plenty of exchanges you can use. Older and more established exchanges like Coinbase are cool; you can also try out the up-and-comers like Kyrrex.

2. Cryptocurrency CFDs

Contracts for Difference (CFDs) let you bet on whether a cryptocurrency's price will go up or down, without actually buying the coins themselves. Think of it like betting on a sports team without being the owner. Brokers like eToro and Plus500 have crypto CFDs.

3. Cryptocurrency ETFs

Exchange-traded funds (ETFs) give you a piece of cryptocurrency action through regular stock markets. These ETFs follow the prices of major cryptos, basically doing the investing for you. Spain's main stock exchange, the BME, has a few crypto ETFs listed.

4. Crypto Index Funds

Think about when you picked up a basket containing different kinds of fruit on your visit to a friend. That's what crypto index funds look like. It's one big basket that contains several different kinds of cryptocurrency. An example in Spain is the A&G Index Fund, which has 70% exposure to various cryptocurrencies including bitcoin and ether. This type of crypto investment option helps to reduce risk by spreading exposure over multiple coins.

5. Hedge Funds

If you want someone with a lot of crypto experience to do the work for you, crypto hedge funds and venture capital funds offer that. These guys pool money from a bunch of investors and a professional manager actively picks a mix of crypto for everyone.

6. Cryptocurrency Interest Accounts and Lending

Think of these like a savings account for your crypto. Places like Nexo, Celsius Network, and CoinLoan let you deposit your crypto and earn interest. You can also use your crypto deposits as collateral to borrow either traditional money or other crypto.

7. Decentralized Finance (DeFi)

DeFi platforms bring crypto's message of autonomy closer to your doorstep. You can do things like lending, borrowing, and earning rewards that your local banks also offer without breaking a sweat. It's an automated avenue to investing criptomonedas and gives you more control over your money.

8. Crypto IRAs and Annuity Products

If you are investing crypto for retirement purposes, some investment companies are starting to offer these. They give you tax benefits while investing in the future of crypto.

9. Crypto Derivatives

Just like in traditional finance, you can use crypto to enter the derivatives game. Crypto futures and options offer you a chance to gain big by predicting market moves accurately. But you need to know what you're doing otherwise you might be in a big spot of bother when your moves go awry.

10. Non-Fungible Tokens (NFTs)

NFTs are cool as digital special art, collectibles, in-game items and so on. They're even cooler when you make a profit on them. They're a speculative bet on the future of digital ownership and how we'll interact with online spaces. Most experts recommend that NFTs shouldn’t be your priority when crypto trading Spain, but they can serve as a profitable diversion.

11. Cryptocurrency Mining

Mining is how new coins are created, but it's a really complicated thing to do. Basically, miners use powerful computers to solve complex puzzles that confirm crypto transactions. In return, miners get coins as a reward, but it takes a lot of energy. You should steer clear of this on your crypto trading Spain journey unless you’re loaded to the hilt and have plenty of cash to invest.

Major Cryptocurrency Companies in Spain

crypto companies spain

Spain is becoming a little hotbed for companies focusing on crypto. Here's a breakdown of the big areas they cover:

  • Exchanges: Where you can buy and sell crypto – Bit2Me, Coinmotion, Coinbase, Criptan, Kyrrex and Bitpanda are a few.
  • Wallets: Digital storage for your crypto - Coinmotion, Coinbase, Bit2Me, and Bitpanda have them.
  • Payment Processors: Make it easy for businesses to accept crypto payments – like Coinmotion, Criptan, and Bit2Me.
  • DeFi Platforms: Lending, borrowing, and other stuff with your crypto, all without a middleman – check out Beefy Finance and ParaSwap.
  • NFT Marketplaces: Where you can buy and sell those unique digital items – try Marble.Cards, AllStarNFT, and World of V.
  • Crypto Advisors: Companies that offer advice and research on all things crypto - 2gether, Collinstar, and Cartesi do this.

And there are even more—crypto mining hardware companies, blockchain development companies... The list keeps growing.

Major Banks Getting into Crypto

Even those old-fashioned banks are realizing people want crypto! Here's what some of the big ones are doing:

  • BBVA: Lets you trade and store Bitcoin, Ethereum, and others right in their app.
  • CaixaBank: You can buy Bitcoin and Ethereum through their investment platform.
  • Santander: They have a crypto trading platform, but it's mostly for wealthy private clients.

Many banks offer some sort of crypto investment option these days.

The Tax Situation on Crypto

Spain treats crypto like any other asset you might buy and sell. So, if you make money trading crypto, you'll pay capital gains tax. Mining income is taxed like normal income.

Overall, Spain's tax rules make it a decent place to invest in crypto – some countries make it way harder on you.

Key Risks of Investing Criptomonedas in Spain

crypto investing risks

Investing crypto brings a mix of fear and hope, gains and losses. The potential is enormous and the risk is also vast. So, no matter when or where you invest your money in Spain, be prepared for the risks:

  1. Crazy Price Swings: Crypto values can jump up and down like a rollercoaster, It's more about speculation than steady investments.
  2. Regulation Issues: Regulation in many countries is far behind the advances made by crypto. As governments come to terms with the industry, it's wise to factor what they might do into your investment decisions.
  3. Security Woes: You must contend with having to trust your crypto with third parties—if they're on an exchange. You will also lose your crypto forever if you store them in a non-custodial wallet and forget your private keys or seed phrase.
  4. Bad Reputation: Crypto is used by criminals, which doesn't help its image.
  5. Whales Dominate: A few big players hold a ton of some coins, meaning they have a lot of control over prices.
  6. Hype and Panic: A lot of crypto projects rely on positive hype on their initial journey up the value chain. Unfortunately, negative hype (aka panic) can unravel all the momentum so be careful in the choice of projects you invest in.

Bottom line, you have to be able to handle risk and potential losses to invest in crypto. Safer options, like index funds, exist if that's not your thing.

Is cryptocurrency legal in Spain?

Crypto exchanges have the legal stamp of approval in Spain. Unlike other countries that treat crypto like a virus, the Spanish government embraces crypto and liberally dispenses licenses to crypto platforms that meet the regulatory criteria.

Future Outlook for Cryptocurrency Investing in Spain

crypto investing future

With the unending influx of crypto exchanges and crypto products in Spain, the Iberian country is primed to become a choice location for digital currencies.

Meanwhile, crypto as a whole is still a new trend and hasn't quite cracked the mainstream yet. The best approach when investing criptomonedas in Spain is to treat it like an avenue for gradual financial growth. Be prudent, spread your portfolio around and be prepared to divest immediately when alarm bells strike. For investors willing to take the ride, Spain has plenty of ways to get into this exciting (and sometimes crazy) world.

Major Cryptocurrency and Blockchain Events in Spain

Spain with its great beaches and temperate climate is a fine place to live. It's also clearly a great place to host crypto meetups, going by the frequency and quality of blockchain events it hosts annually. Let's run through some of the most popular crypto-based hosted by Spain in recent years:

  1. Barcelona Trading Conference (BTC): A prominent European conference focused on crypto trading and blockchain technology, held annually since 2013.
  2. Blockchain Summit: This annual Madrid-based event explores blockchain innovation, investment trends, and regulatory developments.
  3. Smart City Expo World Congress: Held in Barcelona, this global summit examines the applications of blockchain within urban infrastructure and services.
  4. IoT Solutions World Congress: Barcelona hosts this leading conference on the Internet of Things, featuring discussions on blockchain-powered IoT ecosystems.
  5. Blockchain Business Forum: Madrid's premier blockchain event covers disruption and cross-industry transformation.
  6. Barcelona Technology Convention: This showcase highlights technological advancements, including blockchain, AI, and quantum computing, and their impacts on business and society.
  7. South Summit: A major startup event in Madrid with a strong history of crypto and blockchain content.
  8. Barcelona New Economy Week: An initiative aimed at positioning Barcelona as an international blockchain hub, featuring numerous public outreach events.

These conferences provide Spanish crypto investors valuable opportunities to connect with industry leaders, stay informed about emerging trends, highlight domestic innovation, and promote broader mainstream adoption.

Major Cryptocurrency Venture Investors in Spain

crypto venture investors

Several prominent venture capital firms are actively investing in Spanish blockchain and cryptocurrency startups:

  • Seaya Ventures: Has supported crypto companies like Bitcoin remittance firm Bit2Me and crypto wealth management platform Indexa.
  • Nauta Capital: Investor in digital identity startup Validated ID and blockchain software provider Onyze.
  • K Fund: Backed Bitcoin ATM operator Criptan and crypto tax startup Libra Tax.
  • Big Sur Ventures: Invested in the NFT platform MarbleCards and crypto education app Belearner.
  • Finanbest: Funded Bitcoin payments processor Coinmotion.
  • Active Venture Partners: Backer of the decentralized finance protocol ParaSwap.
  • Keiretsu Forum: Invested in crypto real estate startup Homes4Coins and crypto gaming ecosystem World of V.

By attracting local and international venture capital, Spanish crypto startups gain resources to compete on a global scale while contributing to the domestic economy. This further strengthens the overall crypto ecosystem within Spain.

Conclusion

Spain offers a variety of regulated channels for cryptocurrency investment, ranging from direct coin ownership to DeFi protocols. Supportive legislation fosters greater legal certainty for investors. Those with a higher risk tolerance can take advantage of Spain's dynamic blend of progressive regulation and grassroots innovation. However, caution is always advisable given the inherent volatility of cryptocurrencies. Overall, Spain presents a positive environment for responsible and informed crypto engagement.


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Crypto Trading Pairs Made Easy: Understanding BTC/USD vs. BTC/USDT

If you're new to cryptocurrency, you might be scratching your head over terms like BTC/USD and BTC/USDT. Don't worry; they're simpler than they seem! Think of them as little price tags for Bitcoin. Let's break down what they mean and why they're important.

What's the Deal with Trading Pairs?

Trading pairs are like the language of cryptocurrency markets. They tell you how much of one thing you can get for another. It's the same idea as exchanging Euros for US dollars – you've got a pair! BTC/USD and BTC/USDT simply show the exchange rate between Bitcoin and another asset.

BTCUSD: The Classic Bitcoin Price Tag

BTC/USD is the most basic way to see how much Bitcoin is worth in US dollars. If BTC/USD is at $20,000, it means you'll need 20 grand to buy one Bitcoin. This pairing is like your classic price tag, making it easy to compare Bitcoin's value against the most common currency in the world. Just remember, like any currency, the price of Bitcoin goes up and down based on how much people want to buy or sell it.

BTCUSDT: Meet the Stablecoin

BTCUSDT tells you the value of Bitcoin in Tether (USDT). So, what's Tether? Well, it's what we call a "stablecoin." Stablecoins are special cryptocurrencies designed to hold a steady value – think of them as the less-jumpy cousins of regular crypto. One USDT is supposed to always be worth one US dollar.

So, if the price of BTC/USDT is $20,000, it still means one Bitcoin equals $20,000. The difference is that you're looking at the price through the lens of a stablecoin.

Why Bother with Stablecoins?

Here's where stablecoins get cool:

  • Taking a Break from the Rollercoaster: Crypto prices can be super bouncy. Stablecoins are like safe havens. If things get too wild, traders can swap their Bitcoin for USDT to keep the same dollar value without cashing out completely.
  • Trading Made Smoother: Stablecoins make it easier and faster to switch between different cryptocurrencies. Think of USDT like the universal translator of the crypto world.

BTC USD vs. BTC USDT: The Lowdown

btc usd

Okay, now you get the tickers, but how are they really different? Here's the simple version:

  1. BTC/USD is the rollercoaster. It shows Bitcoin's price against the US dollar, which changes all the time thanks to the crazy world of finance. BTC/USDT is pegged to the dollar, so it's less bumpy.
  2. BTC/USD is for ups and downs. It pairs two things that change in value constantly. BTC USDT is more chill (usually) because Tether is designed to stick to $1.
  3. BTCUSDT is for crypto adventurers. It makes switching between different cryptocurrencies a breeze, no need to mess with regular dollars. BTC/USD is better for folks who just want to trade Bitcoin the old-fashioned way.
  4. BTC/USD is dollars and cents. Simple and clear. BTC USDT is more like a roundabout way of showing the same thing.
  5. BTC USDT is where the action is. Because of the stablecoin magic, you'll usually find more people trading with BTC/USDT on the big exchanges.
  6. BTC/USD is for classic investors. If you care about the dollar value and want to day trade, stick with this.

Both are super important ways to trade Bitcoin. Which one is right for you depends on whether you like a smooth ride or the thrill of the market!

BTCUSDT vs. BTCUSD: Usually the Same, Sometimes Not

If you check out the price charts, you'll see that BTC/USD and BTC/USDT prices usually move in sync. Makes sense, since Tether is meant to mirror the US dollar. But here's the thing – things can get a little weird sometimes.

When the crypto market goes totally nuts, Tether can sometimes get knocked off its $1 peg. It might dip below a dollar or even spike above it. That's when you get a difference between the two charts… and a chance for quick-thinking traders to make a profit fixing things.

But don't worry, over the long run, the charts for BTC/USD and BTC/USDT tend to stay pretty close. After all, they're both tracking Bitcoin's value against the dollar, just in slightly different ways.

BTC/USDT: The Crypto Crowd Favorite

We mentioned that BTC/USDT usually sees way more trading action than BTC/USD. Well, the numbers really back this up. A recent study showed that BTC/USDT trading volume was more than 7 times higher than BTC/USD over the past year. Plus, way more exchanges offer BTC/USDT trading.

This tells us that crypto traders definitely lean towards using Tether. It's also interesting that BTC/USDT trading is spread out across exchanges, while BTC/USD is clumped up on a few big ones like Coinbase. This likely means it's easier for exchanges to set up Tether trading, while dealing with actual dollars has more hoops to jump through.

The Takeaway

takeaway btc/usdt

Okay, so BTC/USD and BTC/USDT both track Bitcoin's value against the dollar, but they do it differently:

  • BTC/USD: The raw deal. It shows you Bitcoin's price against the dollar, no tricks. This price goes up and down based on how much people want Bitcoin at that moment.
  • BTC/USDT: The smoother option. It shows you Bitcoin's worth in Tether, which is meant to stay around $1. This can help shield you from the crypto market's crazy price swings.

Why it matters:

  • BTC/USD: Straight-up reality check. This is the best way to see Bitcoin's actual value in the 'real world'.
  • BTC/USDT: The crypto trader's tool. If you're always swapping between cryptocurrencies, Tether makes things easier since you don't have to mess with regular dollars as much.

Both BTC/USD and BTC/USDT are important tools for understanding Bitcoin's price and trading in the crypto world. Whether you're into long-term holding or fast-paced crypto action, knowing how these pairs work will help you navigate the market with confidence.


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The Story of DOGE: How a Meme Became a Leading Cryptocurrency

Dogecoin (DOGE) is one of the most well-known and widely-used cryptocurrencies today. But unlike Bitcoin and Ethereum, which were created with serious intentions, Dogecoin has much humbler origins—as an internet meme that took on a life of its own. This is the story of how a joke became a multi-billion-dollar cryptocurrency.

The Birth of DOGE

birth of doge

In 2013, software engineers Billy Markus and Jackson Palmer launched Dogecoin as a satirical take on the sudden hype surrounding cryptocurrencies. They branded the coin's logo using a popular internet meme at the time featuring a Shiba Inu dog accompanied by broken English phrases like "wow" and "such coin."

Markus has said Dogecoin was created "to poke fun at the wild speculation going on in cryptocurrencies." The lighthearted approach was meant to encourage more casual participation since Bitcoin was perceived as too serious and inaccessible to the average person.

Going Viral: DOGE Takes Off

Though created as a parody, Dogecoin quickly took off and developed an online community. The low Dogecoin price and unlimited force made it popular on social media.

In December 2013, the Dogecoin community raised $30,000 worth of DOGE coins to send the Jamaican bobsled platoon to the Sochi Winter Olympics when they couldn't go. This and other high-profile charity fundraising campaigns associated with Dogecoin generated media attention and goodwill.

By early 2014, Dogecoin's market cap had reached over $60 million. Its community on Reddit boasted over 85,000 subscribers. DOGE established itself as a prominent altcoin and proved that a cryptocurrency didn't need to be serious or technically groundbreaking to gain significant attention.

The Power of Memes: DOGE in Pop Culture

A major factor in Dogecoin's continued fashionability has been its use in internet memes and viral content. The meme-friendly coin represents a confluence between cryptocurrency and internet culture.

On Reddit, Twitter, and other social platforms, Shiba Inu memes featuring expressions like "1 DOGE = 1 DOGE" and" To the moon!" have kept Dogecoin circulating in online exchanges. This grassroots marketing, amplified by memes, has propelled DOGE's brand recognition.

Celebrity signatures have also given Dogecoin periodic boosts. In 2020, Elon Musk posted memes about DOGE on Twitter, leading to a sharp Dogecoin price increase. Mark Cuban and Snoop Dogg have also shown support for the meme coin. DOGE thrives on its pop culture applicability.

Serious Growth in 2021

In early 2021, Dogecoin endured a gradual rise fueled by growing interest on social media and from institutional investors. In January, the r/WallStreetBets subreddit that boosted GameStop stock began encouraging investments in Dogecoin. Dallas Lions proprietor Mark Cuban even blazoned that his organization would accept DOGE for wares and ticket deals.

In May 2021, DOGE hit an all-time high of $0.7376 shortly after Elon Musk appeared on Saturday Night Live and called Dogecoin the" future of currency." The coin's market cap reached over $80 billion. This period demonstrated that Dogecoin had progressed far beyond its meme-rooted origins. Major companies and investors were now treating DOGE as a legit digital asset.

The DOGE Community

dogecoin community

A crucial part of Dogecoin's identity and success has been its vibrant online community. On Reddit, Twitter, and Discord groups, Dogecoin backers organize fundraising drives, create memes, and spread enthusiasm for the coin.

Unlike some cryptocurrency groups, which are exclusive and specialized, the Dogecoin community prides itself on being accessible to beginners. It embraces DOGE's roots as an approachable, unconcerned coin for the internet legions rather than solely a serious investment vehicle. This grassroots energy and fidelity have helped drive the Dogecoin euro price surge and given it a distinctive appeal.

Criticisms of the Dogecoin Price Model

Some critics argue that Dogecoin's lack of genuine invention or usefulness makes it a bad cryptocurrency compared to blockchain innovations like Ethereum. Its unlimited supply and the low Dogecoin euro price also mean the cryptocurrency is super volatile and easily manipulated.

Others contend that Dogecoin derives its value purely from jokes and marketing hype rather than mileage. They see the coin as a pump-and-dump scheme centered around online hype rather than fundamentals.

Proponents argue that the Dogecoin blockchain is still growing and already faster compared to Bitcoin. They point to DOGE's growing number of fans, users and developers as proof that is has segued into something meaningful beyond just internet hype.

DOGE Milestones

dogecoin milestones

Despite the naysaying in certain quarters, Dogecoin has achieved several milestones that demonstrate its progression into a mature cryptocurrency.

  1. In 2014, Dogecoin innovated the use of merged mining with Litecoin, allowing miners of both coins to partake in calculating power for increased effectiveness. This was an early, specialized use case for DOGE.
  2. Major brands like Slim Jim have run marketing campaigns centered around Dogecoin and memes. This indicates commercial interest in tapping into the DOGE phenomenon.
  3. The nonprofit Dogecoin Foundation was revived in 2021 after a period of dormancy. The renewed interest in supporting the coin's open-source development reflects its growing mainstream appeal.
  4. DOGE is now supported by most major cryptocurrency exchanges and trading and payment apps like Robinhood and Coinbase. Availability for investors and consumers has improved significantly.

The Future of DOGE

dogecoin future

As crypto tokens go, Dogecoin is one of the major and most recognizable. People have grown to rely upon it as a cultural touchstone for cryptocurrency humour and Old Internet jokes alike. That being said, what exactly does the future hold for DOGE; after it has shaken off its meme-derived roots and become a more mature technology?

Some see Dogecoin as a means of payment that is faster and cheaper than ever before. Others feel it is essential for DOGE to make inroads into decentralized finance (DeFi) solutions and the NFT space.

Still, for Dogecoin to advance to the next level, critics say it needs to continue developing its burgeoning technology for real-world usage. More serious investment in development and mainstream partnerships is needed for DOGE to thrive in the long term.

But if its history has shown anything, it's that coins like Dogecoin shouldn't be underestimated. DOGE has once already defied disbelievers and cemented its place in cryptocurrency lore. The vibrant community of Dogecoin is its X factor, something that many coins hardly have.

As a joke coin, Dogecoin has already realized remarkable successes. One hopes for its future, but this meme coin-cum-bitcoin continues to show that internet culture must not be overlooked when evaluating the future potentials of crypto.

The Technology Behind DOGE

dogecoin technology

While created as a meme coin, Dogecoin operates on a real blockchain and cryptocurrency network. Understanding the technical rudiments provides insight into its functionality.

The Blockchain

The Dogecoin blockchain is predicated on Luckycoin, which itself derives from Litecoin. It uses a decentralized proof-of-work system where miners compete to solve mathematical problems and produce new blocks. This secures the network and provides the foundation for DOGE as a cryptocurrency.

Mining Dogecoin

Dogecoin mining uses the Scrypt algorithm, which is less complex than Bitcoin's SHA-256. Scrypt mining can be performed with even basic PCs rather than the precious ASIC equipment demanded for Bitcoin mining. This makes the Dogecoin network more accessible.

Transaction Speed

Dogecoin's 1 minute block time makes DOGE 10 times faster compared to Bitcoin's 10-minute finality time. This speed enhances Dogecoin's suitability for point-of-trade purchases, micropayments, and other transactional uses.

Unlimited Supply

A crucial difference from Bitcoin is Dogecoin's emission rate. 10,000 DOGE are mined per block, with no limit on the total number created. This provides an inflationary counterpoise to Bitcoin's fixed supply. If there is anything that can pause or even reverse the long-term Dogecoin price momentum, it is this inflationary aspect of its tokenomics.

Keeping Dogecoin Relevant

DOGE might have been the best success story of the crypto memecoin craze, successfully fending off fierce competition from Shiba Inu and the array of new challengers from the Solana space. However, nothing lasts forever—success will eventually dissipate if not sustained and Dogecoin is no exception. Over the years, the community has rolled out a few things to make sure that the cryptocurrency retains its spot in the limelight.

Current Developments

The original core developers of DOGE have long sailed into the sunset. However, a new group of dedicated developers have taken up the mantle and continue to maintain the Dogecoin codebase. There are even plans underway to upgrade the network with special features and advancements that will keep it relevant in the digital currency space.

Major DOGE Events

Dogecoin has long moved past sole reliance on viral moments and meme to gain traction. Now an established behemoth in its own right, the network continues to make its mark through major events and fundraisers. Here are some noteworthy instances:

  • 2014 Winter Olympics: The Dogecoin community raised $30,000 worth of DOGE coins so the Jamaican bobsled platoon could attend the Sochi games. This put DOGE in the media spotlight for the first time.
  • Doge4Water: In 2014, the Dogecoin community bestowed over $50,000 worth of DOGE to fund the creation of clean water wells in Kenya. This remarkable feat was one of the very first demonstrations of crypto’s transformative impact on charity.
  • Doge4NASCAR: The community sponsored NASCAR motorist Josh Wise to the tune of over $55,000 in DOGE coins. The DOGE logo on his car and jumpsuit brought Dogecoin's name into mainstream sports.
  • DOGE-1 Satellite: In 2021, Dogecoin funded the DOGE-1 satellite set to launch through SpaceX. It'll be the first crypto-funded project in space and collect lunar data.

These caption-grabbing moments have shaped Dogecoin's story and shown that it's more than just an internet meme.

How to Buy DOGE and Check Dogecoin Price

buy and sell dogecoin

For those interested in this notorious memecoin, it's easy to buy Dogecoin. There are many options.

  1. Exchanges: Major crypto exchanges like Kyrrex, allow direct DOGE purchases with fiat or crypto. This is the most straightforward buying method.
  2. Trading Apps: Apps like Robinhood and Webull offer quick signup and the capability to buy Dogecoin without actually holding the coin itself.
  3. Wallets: Software and hardware wallets like Trust Wallet or Ledger let users buy DOGE directly and store it securely. Some of them also allow spending DOGE at merchandisers accepting the coin.
  4. Mining: Users can mine DOGE by joining a Dogecoin mining pool and contributing calculating power. Still, single mining isn't very practical for average users.
  5. P2P Trading: Websites like LocalDogecoins connect buyers and sellers directly for DOGE trading without a central exchange. This allows for fast deals.

What Can You DO With Dogecoin?

what to do with dogecoin

While frequently treated as a joke or memecoin, Dogecoin can still be used for serious purposes.

  1. Paying for Goods and Services: A number of crypto businesses now accept DOGE as a payment method. The picture is less rosy outside the crypto space but you can still find a few online markets that either already accept the token or may do so in the future.
  2. Tip Jar for Content Generators: DOGE is one of the favorite tipping methods online. Bitcoin and ETH used to be more popular tipping methods. But now that they are both super pricey, coins like DOGE have stepped into the gap.
  3. Trading and Investment: Punters and investors trade DOGE with the end goal of profiting from the Dogecoin price volatility.
  4. Money Transfer: DOGE offers a fast way to transfer value digitally due to its speed and low costs.
  5. Donations/Fundraising: As demonstrated by its early moves in the charity space, Dogecoin can be—and indeed has been—used for both single large donations and community fundraising.

Conclusion

Dogecoin is an intriguing intersection between cryptographic technology and internet culture. Born of a meme joke, it has become a major cryptocurrency with billions of dollars in real-world value and a devoted community.

Nevertheless, questions about the likelihood of DOGE becoming a blockchain with more advanced capabilities and real-world use cases continue to linger. Perhaps, it will remain as chiefly an entertainment tool and an avenue for daring speculators to realize their dreams.

Dogecoin is, at the very least, an educational case study. It is a testament to the power of online communities and how far enthusiasm and devotion can achieve. Whatever happens, the DOGE currency has already accomplished more than its creators ever anticipated.