Crypto Academy Season 2 - Week 14 - For @pelon53

in hive-108451 •  4 years ago 

WHAT ARE PENNY CRYPTOCURRENCIES

Penny cryptocurrencies are the ones that cost you less than a dollar per unit. But these penny cryptocurrencies have the upside potential to make you rich, or even rich.

That said, a lot of these cryptocurrencies are shitty coins. The analogy is drawn from penny stocks, where the share price would be less than one dollar.

ADVANTAGES

Are you still in doubt on whether to buy a penny cryptocurrency or not, maybe getting some of the advantages of buying the penny cryptocurrency can aid you in making the right decision.

(1). One of the advantage of investing in a penny cryptocurrency is their low price and their high possibilities for a higher future earning

(2). The penny coin is highly volatile and in the crypto market, volatility means profit, although high volatility exposes the user to a high level of risk and may even result to high losses, it is also a given that without volatility you are not able to earn money in the crypto financial market.

(3). You can start trading them without having a lot of capital in the bank.

DISADVANTAGES

The disadvantages of trading penny cryptocurrencies are more than one and they all result in the loss of money. For this reason it is very important before investing in penny cryptocurrencies to be adequately informed about the risks associated with it.

(1). The first risk is certainly due to the fact that penny stocks are almost always traded on unregulated markets and for this reason they are subject to control by supervisory authorities.

This means that these shares, at the time of purchase could be waste paper and worth nothing.

(2). LOW LIQUIDITY: companies are not accountable to anyone and are not obliged to make their economic/patrimonial situation public, nor to meet any minimum safety standards.

(3). Buying illiquid shares could put you in a difficult situation of not finding anyone to sell our shares to which would push us to 2 forced moves; either wait for some buyers to show up or sell them off at a lower price. Obviously both solutions are not the best.

THE BEST PENNY CRYPTOCURRENCY TO INVEST IN 2021

If I am to invest in any penny cryptocurrency in 2021 I would go for the Reserve Rights (RSR)

THE RSR (RESERVE RIGHTS):

The RSR is a utility token of Reserve Protocol, a block chain that creates a stable, transparent and global cryptocurrency.

The protocol can be implemented on any smart contract platform, although initially it will be implemented based on Ethereum.
The RSR is a token that is used in order to help RSV stabilize the price, also in the 3 tokens of the project, this is the token that is listed in the exchanges for users to invest.

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FUNCTIONS OF RSR

The RSR acts as a utility token, the owners of this token will vote on the governance proposals of the platform
It is used to keep the RSV value stable at a price target of $1

The RSR has been listed on many major exchanges such as; Huobi, Uniswap, OKEx etc however, it is recommended to use the HUOBI exchange to trade, because this is one of the exchanges with very good liquidity and a high level of security.

ADVANTAGES OF TRADING RSR

(1). It has a strong community

(2). Strong partner

(3). Large and prosperous team (for a startup)

DISADVANTAGES OF TRADING RSR

(1). Few partners

ANALYSIS OF RIPPLE (XRP)

XRP is the third cryptocurrency based on a market capitalization of $ 8,711,915,371 and has a current trade price of 0.197596, up 1.21% in the last 24 hours.

44,089,620,959 XRP are in circulation in the market right now out of a total of 99,990,980,257 XRP . In the last 24 hours, a trading volume of $ 1,857,791,628 was recorded for XRP .

RIPPLE (XRP) PRICE PREDICTION: ANALYSIS

On March 12, XRP fell from $ 0.208205 to $ 0.13, and the next day it fell further to $ 0.11. But the following days, the coin quickly rallied to $ 0.159352, rising to $ 0.162150 on March 15.

The currency continued to fluctuate between $ 0.14 and $ 0.15 for several days afterward, but began to rise again towards the end of March. In the latter days of the month, XRP traded between $ 0.16 and $ 0.17, closing March 31 above $ 0.17. April started in an uptrend, with the coin consistently climbing to $ 0.200869 on April 8.

XRP was unable to hold at this level and began a consolidation pattern, trading between $ 0.18 and $ 0.19 for the next several weeks, failing to break the $ 0.20 resistance level. On April 21 and 22, XRP traded above $ 0.18, but failed to break above $ 0.19.

The charts show that strong support was forming around the $ 0.1850 level, with an uptrend line forming at this level as well. If XRP does not sustain above the $ 0.1850 support area, this could push the coin back to the $ 0.1800 level, but Ripple is likely to remain above $ 0.1850 support and from the trend line.

The bulls will have to gain momentum to stay above the $ 0.1920 level to reach the $ 0.1950 level. The main resistance is set near $ 0.2000.

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POSSIBLE INVESTMENT OF 5 PENNY CRYPTO ASSETS

Below are 5 penny assets I feel should be good for investment

ZILLIQA

Zilliqa is actually one of the first public blockchain that is designed to carry out sharding. As you may already know, scalability has been an issue for existing blockchain technologies.

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Right now, Bitcoin and Ethereum have more transactions than the network can support and the fees have increased a lot. Your fragmentation solution scales with the size of the network.

In theory, there is no limit to the number of transactions Zilliqa can process per second. In practice, however, depending on the number of nodes on the network, Zilliqa could process tens or hundreds of thousands of transactions per second. Currently, the Zilliqa network can process about 3,000 TPS, much more than the 15 TPS of Ethereum or the 7 TPS of Bitcoin.

STELLAR (XLM)

What makes Stellar very attractive is the speed of confirming transactions accompanied by the possibility of carrying out a very large number of them? At the same time Stellar and its lumens have a particular appeal thanks to a vital component of our everyday life: smartphones!

The presence of a mobile wallet allows the exploitation of this system everywhere, precisely because smartphones are in the hands of anyone; from the American financial professional, to the third world family who is awaiting monetary help from a relative who has escaped from the difficulties of his country.

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POLY

The token obtainable in the Polymath platform is POLY Token, which presently has a supply of 1,000,000,000 POLY. Thomas Borrel, the CPO of Polymath, once said that securities token offerings have the potential to revolutionize and innovate the investment industry on a large scale.

By providing customers with powerful tools for creating, issuing and managing digital titles on the blockchain network, Polymath has become a complete solution for a large number of crypto enthusiasts.

So far, the revolutionary platform has deployed more than 100 tokens. The company was able to build a friendly interface for investors using 12 with or more token holders.

The dedicated team of professionals who work behind Polymath's core ecosystem is constantly striving to facilitate the process of launching security tokens. Customers can issue security tokens directly through Polymath Token Studio or by infusing the broker-dealer toolkit with their native offering.

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Polymath offers customers opportunities to customize their offerings, manage their tokens and offer corporate guidance. With the help of a white label solution, brokers can bring the technology together on their individual platforms.

Polymath Token Studio helps investors to configure, issue and manage their digital tokens in a simplified and simplified way in one place.

ONE (HARMONY)

This platform is intended to help make and use decentralized apps, this networks ambition is to update the way decentralized apps work by concentrating on arbitrary state sharding which permits creating blocks in seconds.

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STPT (STANDARD TOKENIZATION PROTOCOL)

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STP Network is an open source tokenization protocol that makes it possible for anyone to tokenize their assets using the protocol's chain validator. STP Network also enables tokenized assets to be fully compatible and transferable between jurisdictions and blockchain networks.

With the market study, I decided to invest in Stellar which was $0.41 as of the current price.

But this was the step I took below.

(1).

Polish_20210519_150148795.png

I head to the trading page and good for me and check to study at the coin. I see that the coin was dipping so it is a right time to buy

(2).

Polish_20210519_150217582.png

The next thing I do is to start buying it. I then decide to buy the 25 pieces of stellar with my available bitcoin to carry out this assignment.

(3)

Polish_20210519_150253913.png

After buying it, it is now in my portfolio which I can now say it is part of my investment plan and portfolio assets

@pelon53

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En Steemit Crypto Academy no toleramos el plagio.

Todo debe ser escrito en sus propias palabras.

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C.C. @sapwood

Okay professor. That mistake must have come when i was doing research to answer the assignment.

Please can i redo the assignment again in another post please professor

@pelon53

@pelon53

Professor @pelon53

My post has not yet been reviewed
Please look into it

@pelon53