7 .How To Invest in Cryptocurrencies - A beginners Guide - Part 2 | Steemit Crypto Academy | Lesson 7 by @eulalia1202



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1. Read the project whitepaper and compare the concept.


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Verge concept (XVG).

Before called DogeCoinDark, it was created in 2014 created as a private open source cryptocurrency, since transactions cannot be traced, no one knows who created this cryptocurrency, only the name of the creator user is known (Sunerok) there are in total 16,500 Millions of coins, Verge can be used to send and receive payments, and the company wants the public to use it as a means of payment for many services.

Orion Protocol (ORN) concept.

It is basically an open source project created in 2020 by Alexey Koloskov, whose main objective is to add liquids from different providers around the world. This platform helps investors have a better performance of their funds, it is basically based on exchanges, purchases, sales, and centralized and decentralized loans.


2. Compare social scope, project purpose, team, market response.

It is preferred by the public and investors as it has the best exchange features and provides excellent privacy, it is much faster than bitcoin. It is very safe, in the future the developers intend to make the project more anonymous. This project is intended to be useful for sending and receiving money anonymously. Currently with this protocol you can provide exchanges in the protocol, it is used to pay commissions and services within the platform.

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Social scope of the Orion Protocol project.

It is intended for commercial use, so that they can carry out centralized and decentralized exchanges between the different platforms, it adopts the best characteristics and makes it ideal for many people, due to the trust it transmits.

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3. Compare market capitalization, liquidity and trading volume, circulating supply, active addresses, maximum bid, transaction count, and so on.

Here we can see several boxes according to the market capitalization that we appreciate well even, the liquidity, the trading volume, the circulating supply and the minimum and maximum supply, and the daily volume that each of these platforms has registered.

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Decide which coin will be the better of the two selected coins. Support your decision with the above facts

Without a doubt, I would choose the verge platform, although the difference in value is not the same, but the market capitalization is assimilated a lot, in addition to this it provides very good security, the company shows that it has a better organization and a better future in the market than orion protocol, since the numbers support it, apart from its value in the market makes it more attractive for many investors, of small and medium-sized companies, it is an excellent platform to invest for the confidence it transmits towards investors.



Thanks
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Hello @eulalia1202 ,
Thank you for submitting homework task 7 ! You have done a comparison between Orion Protocol (ORN) and Verge concept (XVG). with a fundamental analysis. good job [6]

Thank you

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