Quarterly Coin Selection Update
In the span of a few years, cryptocurrencies have evolved from digital novelties to trillion-dollar technologies with the potential to drastically change the global financial system. Since the successful introduction of Bitcoin in 2009, new cryptocurrencies have been on a constant rise. Every week, new companies and products emerge eager to introduce new crypto-based technologies to the world. For the broader public, generally not familiar with blockchain technology or cryptocurrencies, understanding the depths of this crypto movement proves to be extremely challenging.
Ever since the very beginning, Coinpanion has invested time and thought into carefully selecting coins to be a part of your crypto portfolio. Starting with five crucial coins in 2020, several new cryptocurrencies have been added to match the dynamic environment of the crypto movement.
Explore the carefully selected cryptocurrencies in your portfolio below:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Solana (SOL)
- Polkadot (DOT)
- Chainlink (LINK)
- Cosmos (ATOM)
- Polygon (MATIC)
- Stellar (XLM)
- Filecoin (FIL)
- Uniswap (UNI)
- Aave (AAVE)
- Maker (MKR)
Bitcoin (BTC)
Bitcoin is not only the most known cryptocurrency but also remains the most popular one. BTC, the native asset of the Bitcoin blockchain, is the world's first digital currency without a central bank or administrator. Used as a store of value by both private investors and businesses, it's the gold of cryptocurrencies. Others may be faster in terms of processing transactions, but over the years Bitcoin has proven to be the most secure and promising cryptocurrency of them all.
Ethereum (ETH)
Ethereum is a blockchain with its own cryptocurrency called 'Ether'. It is the world's first smart contract platform and is seen as the backbone of DeFi and NFT platforms. Because Ethereum is an open-source technology, anyone can create new applications, making this innovative cryptocurrency one of the most versatile and popular choices out there.
Cardano (ADA)
Cardano is a top-performing cryptocurrency due to its game-changing proof-of-stake mechanism, which is less energy-intensive and more eco-friendly. Like Ethereum, Cardano can be used to build and run smart contracts as well as other DeFi protocols. ADA is the digital asset token used to pay for services on the network. Cardano is one of the fastest-growing blockchains and is highly popular for its energy-efficient process.
Solana (SOL)
Solana is a blockchain platform for decentralised apps, utilising the more eco-friendly proof-of-stake mechanism. Solana's native cryptocurrency is SOL, which is used for staking and as a payment for transaction fees. Known for being one of the fastest blockchains, Solana is also one of the most booming ecosystems in crypto with multiple projects spanning DeFi, NFTs and more.
Polkadot (DOT)
Polkadot is a network protocol that allows arbitrary data to be transferred across blockchains. With the aim to create a better internet, Polkadot is favoured for its ability to process many transactions on several chains in parallel. This innovative parallel processing power improves scalability. Specifically, Polkadot allows users to send more than just tokens across blockchains. It enables these networks to communicate actual data.
Chainlink (LINK)
Chainlink enables smart contracts to securely interact with real-world data and services that exist outside of blockchain networks. With its unique multiple layers going beyond decentralisation, Chainlink provides strong security and reliability. On top of that, Chainlink empowers blockchain technology to reach its full potential by offering an innovative architecture.
Cosmos (ATOM)
Cosmos is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. It aspires to create an “internet of blockchains” by breaking down the barriers between blockchains and allowing them to transact with each other. The interoperability of blockchains is one of the most important matters to overcome in the realm of crypto, making Cosmos a sought-after cryptocurrency.
Polygon (MATIC)
Polygon aims to enable cheaper and faster transactions. It is an Ethereum token that powers the Polygon network and provides the entire blockchain ecosystem with an impressive, customised suite of tools. In doing so, Polygon is helping to shape a future where blockchain interoperability becomes routine.
Stellar Lumens (XLM)
Stellar is an open-source blockchain payment system with its own cryptocurrency "Lumens". The exceptional Stellar blockchain allows anyone to create new assets on the network and exchange them for other assets using the built-in asset exchange features. Stella is characterised by its unique design, which allows all digital forms of money to be created, sent and traded.
Filecoin (FIL)
Filecoin grants a truly trustless decentralised storage system that strives to preserve all of humanity's relevant information. With its open peer-to-peer network, it provides economic incentives and proof to ensure that files are stored correctly. This unique decentralised system operates like an open market, where storage providers and users have full control over cost, speed and redundancy.
Uniswap (UNI)
Uniswap enables the easy exchange of cryptocurrencies. It is a promising DeFi protocol built on Ethereum and uses a special automated market-making system. Uniswap works for the common good and is a tool for members to easily exchange tokens without paying platform fees or dealing with negotiators.
Aave (AAVE)
Aave is a decentralised lending system that allows users to lend, borrow and earn interest on crypto assets, all without middlemen. This allows a borrower to gain exposure to different cryptocurrencies without owning them outright. Aave is one of the most popular DeFi projects and is an excellent option for those interested in becoming early investors in the DeFi market.
Maker (MKR)
Maker is a revolutionary decentralised autonomous organisation (DAO) that allows anyone to lend and borrow cryptocurrencies without a credit check. Through the MakerDAO system, users can use Ethereum as collateral to generate new tokens. Maker is both a utility and governance token, making it one of the most exciting and unique cryptocurrencies on the market.
