CONTEST:The Tech Quiz - Season 17
Asslam-0-Alikum
To all the steemit members.I hope good health of all steemians and I'm also fine and good.I'm here in this Healthy steem Community for taking part in a contest.The theme of the contest is The Tech Quiz - Season 17 .In this post I would like to share with you about Altcoin and other cryptocurrencies.
I'm going to participate in Contest which has been organized by @malikusman1
What are Altcoins?
Altcoin is a currency that is the reverse of other currencies.Apart from Bitcoin it covers all currencies such as Cardano Cardano and doge coin.After Bitcoin, these cryptocurrencies have gained significant popularity in the world market.It is a digital currency that offers the opposite reaction to Bitcoin.
Altcoin highlights the capital of entrepreneurs.Altcoin also has some special applications that are very important for those who are part of Altcoin.People who invest in Altcoin also have the potential to earn maximum profits.
People new to cryptocurrency should do their due diligence before becoming a part of AltCoin.It is better that those who are aware about it should invest in it and benefit from this digital currency.
Tell us some best Altcoins in the crypto market?
A few years ago, only a few cryptocurrencies were heard of,but this age of technology has taken everyone by surprise as not one but many cryptocurrencies are part of the market.In this multitude of currencies, it has become difficult for people to know which currency is beneficial for them.
Rather, it is also a matter of concern as to which currency they should trust or not.If we talk about one or two cryptocurrencies, then it is understandable, but thousands of cryptocurrencies have been born here, in which it is a difficult process for a person to choose them.
There are some common types of cryptocurrencies that we can invest in and reap future benefits.
1:Doge coin.
2:Matic coin.
3:Bit coin.
These are crypto-currencies that are at a very high level in the digital market, if we invest in them, we can definitely benefit from them in the future.
Which one is your most favourite and why?
In the digital market we get to hear something new about these currencies every day.There are many more currencies like Ethereum, XRP etc,I prefer Bitcoin because it is a currency that is gaining a lot of popularity in the market these days.
Bitcoin has grown tremendously over the past few years, with the price of Bitcoin rising in the market, the rates of other currencies are also skyrocketing.When Bitcoin first hit the market, one dollar could buy many Bitcoins, but now it is far from the reach of the common man.
Bitcoin has a very low chance of loss, so many crypto traders buy and sell Bitcoin.Nowadays Bitcoin has become decentralized which is difficult for any center to control.Every country's currency is regulated by someone like the US dollar is regulated by the US government,but Bitcoin is a digital currency that no one is regulating, it has become a universal currency.
An Israeli cryptocurrency company has also declared Bitcoin as the slogan of One Word One Currency.The development of Bitcoin is at such a peak that any country that has a hold of Bitcoin will emerge as a superpower in the whole world.
I would like to invite @azmat545 and @shahidalinaz @paholags @pea07 @aviral123 & @mubisherali for participating in contest.
Yes even a few years back only a few kips of currency could be seen. Today thousands of old coins are appearing due to the development of technology and improvement of human thinking. Each of these has been playing a special role in the market from its place. Also your detailed information about all coins has enhanced my knowledge base. Good luck to you.
Thanks