Hello everyone, I hope you all are doing well. I am here to share my participation in the Steemit Engagement Challenge season 14 week 6. It's been long time that I didn't participate here but this week I am here to share my participation. This is an important topic especially on the future of cryptocurrencies as most of us are now related to crypto field after joining steemit.
I have a long list of coins that I think can give us huge profits in 2024. The reason is they the strong projects and their values are under $1. We can add these to our portfolio even with less amount. Let me mention some of these here.
| COIN Name | Current price |
|---|---|
| Cardano (ADA) | $.056 |
| FTM | $0.4041 |
| GALA | $0.0267 |
| XRP | $0.5696 |
| SLP | $0.0030 |
| DOGE | $0.0808 |
| STEEM | $0.2376 |
| MBOX | $0.37 |
These are the coins I consider can give us too much profit in the upcoming time. Of all these I shortlist two coins here; Cardano (ADA) and MBOX.
| Analysis of CARDANO (ADA). |
|---|
This is the best coin I believe for long-term hold up. It has a number #8 ranking on coin market cap. Experts believe that Cardano can touch a high of at least $2. I believe this year is good for Cardano, because of the bull run. We can see good pretty good investment in ADA this year.
Let's talk about the recent performance of ADA for these last two months.ADA has seen a good recovery in its price by almost 165%. It has crossed the level of $0.6 in the market. I guess touched $0.67. It's highly expected that it will cross $1 in the current bullish market range.
| Analysis of MBOX |
|---|
MBOX is performing very well these days in the market. It is a gaming token, a Play-to-earn token. It's a very strong project with a very strong community. This is considered the best gaming token after Auxi Infinity. It's all time high which is too far from the current market. A little push in the market can take it to the price of $2.
I believe in this bull cycle we can see MBOX trading above $5, and if it performs too well, we can see its price trading at $10. 2024 & 2025 are said to be the best years for MBOX. They are launching many new games in the MBOX app. It helps attract New users to the platform.
You can earn good money from here if you invest a little money. You have to buy Memos and those memos you can use for playing. By winning you can earn a reward in the form of MBOX. Further you can claim Airdrops in the MBOX app.
We have too many exchanges to buy these cryptos, almost above 650. You can use any of them to buy Cryptocurrencies. my favorite is binance which is the top exchange in the world. I will just show you the method for a single coin pair which I do most of the time while doing trading, the rest is same for all. You can apply the same method buying the crypto pairs too.
First we have to login to binance account as I am using binance for crypto trading. Then go to home page where you will go to trade page.
On trading page, first you have to select the coin pair which you want to buy. As I have to transfer Steem to USDT so, I choose Steem/USDT pair.
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After that limit the order by adding the amount of USDT you want to buy here I add some USDT which I want to convert to Steem. It take some time to fill the order.
On final step click on buy Steem option & your order will placed. This was the method of buying any crypto currency from binance application.
Then it will show in your spot wallet. Below is the screenshot given where steems are added to my spot wallet.
STEEM COIN Current Data
| Steem Coin | Statistics |
|---|---|
| Market Ranking | 287 |
| Market cap | $107,864,575 |
| Circulating supply | 452,449,429 STEEM |
| Total supply | 452,449,429 STEEM |
| Fully diluted market cap | $107,496,243 |
I believe the coin that has an all-time of $7, and now trading at 0.24, is a great chance for investors to grab the opportunity. Just imagine in this bull run if it touches Its half, just $3.5 it means your portfolio will give you 20x profit. For instance, if you have a $1000 investment, it will become $20k.
Fundamentally I believe this coin is strong. It has a very strong backup. It is working on very unique idea; a Decentralized social media platform that gives rewards to the content creator. I guess this is a very unique idea bringing a decentralized project into social media. This uniqueness can attract many users in the future.
I believe the future of cryptocurrencies is very bright. They have the potential to dominate the world market. It has a huge market of 1.6 Trillion Dollars. This makes it the world's largest trading market. I guess it's the second after Gold. Its per-day Volume is something like 50 billion Dollars. We have over 2 Million crypto coins and something 650 plus exchanges to trade these coins on.
You may check all the data here I will share the link Source.
So it's too much clear that Crypto is a huge market, with a very huge Market Cap. I am pretty sure, its future is very bright. I believe Bitcoin will be trading somewhere around $0.5 million shortly.
The world has adopted crypto in a huge quantity. Too many countries jumped into it with a huge amount of investment. Here you can see The 2023 Global Crypto Adoption Index of the Top 20 countries in the world Link.
In the above-shared screenshot, you can see all the dominant crypto trading countries. You can check the complete list by simply clicking the link. My country Pakistan is at #8 ranking, which is above China too.
So, the conclusion is that future of cryptocurrencies are much better than nowadays coins prices. Many countries are developing in crypto fields, it has more bright future in the coming years especially Steem coin.
This was all about my participation. I hope you all like it & share your valuable comments. I would like to invite my friends @drhira, @m-fdo, @iqrarana786 to share their participation.
You have shared and informative Post with us and you have not shared about just one coin which is very stronger according to you and can reach to a worth of equal to $1 but you have also shared around 10 + coins but you loved to explain cardano as your favourite coin as well as according to you future of cryptocurrency is very promising because it has strong value with a strong market cap I agree with you as well as this platform is also working on a very strong consensus so it means that one day it would give us a very profitable backup so for this year just like you we all should be very hopeful I wish you good luck in your entry
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TEAM 5
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Thanks @josepha
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Thank you for your kind words & sharing your review. Best of luck to you too.
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Your welcome 🤗
Keep smiling 😊
Stay safe stay blessed 😇
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You shared a really informative post with us, and what's great is that it wasn't just about one coin. You discussed over 10 different coins, but you specifically highlighted Cardano as your favorite. You believe that the future of cryptocurrency looks promising, especially because Cardano has a strong market value and a solid consensus system. This means that it could potentially provide a profitable backup for us in the future. Just like you, I'm feeling pretty hopeful about this year. Good luck with your entry.
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Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
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Hey there, hope you are fine! Your crypto insights are fascinating, especially the Cardano and MBOX analysis. Investing in these coins seems like a solid plan for future gains. All the best in the contest, success for you! 👍
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Thank you for your comment brother. Best of luck to you too.
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TEAM 5
Congratulations! Your comment has been upvoted through steemcurator08.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Thank you for your support
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Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
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Thanks friend for such powerful and influential and educative post on steemit, your is really amazing because we both have same predictions in the future of crypto and I admire your in-depth.
Thank you very much for sharing, please you can check my own entry here
Yes there are higher chances of seeing a great future in crypto market, I really hope steemit fully participate in this bullish trend.
wishing you success
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@ashkhan
Yes, there is no doubt that you have shared an informative post and shared it with us, because only you did not tell about a coin worth S1, which means that we are positive of the market. One can look at the behavior of the indicator and see the market go up and down if it's future, as you mentioned in this post, the future of it is very future like a steem coin. It was discussed that SteemCoin which it is can only go higher in the next year and its price will increase very fast. Have shared and hope for your success that you will definitely succeed in this. Good luck for the competition.
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So much detailed post and I really like how do you posted step by step and your always inspiration for me and I really admire from you
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Please tell me which app you are using to make screen short circle?????
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