The Next Big Thing: Unlocking Post-Bitcoin Investment Opportunities

what is the next huge investment earning opportunity like bitcoin

With the excitement surrounding Bitcoin hitting a roadblock, investors are looking for the next big thing in cryptocurrency. One contender is BTC20, which runs on the Ethereum network and offers exciting perks and unique advantages for early investors. Other cryptocurrencies that could be set for big gains include SingularityNET and Fetch.ai, which may capitalise on the popularity of AI; and THORChain and Sei, which have also generated buzz. While it's impossible to know which cryptocurrency will be the next big thing, these are some of the possible candidates capitalising on current trends.

shunadvice

BTC20

Firstly, BTC20 aims to recreate the magic of Bitcoin's early days when it was super affordable. With a $1 price point, the same as Bitcoin in 2011, BTC20 is highly accessible. The total supply is also capped at 21 million tokens, just like Bitcoin.

Secondly, BTC20 is an eco-friendly token, using Proof-of-Stake consensus, which means faster transactions and lower fees compared to Bitcoin.

Thirdly, BTC20 has a Stake-to-Earn feature, rewarding stakers with more BTC20 tokens every time a block is confirmed on Bitcoin's blockchain.

Additionally, BTC20 is super accessible for crypto investors, with popular wallets like MetaMask, and it can be integrated into tons of awesome dApps on the Ethereum platform, bringing in all kinds of new and exciting use cases.

Finally, BTC20's presale raised over $1.7 million in under two weeks, creating a buzz in the crypto community and among analysts and media.

With all these exciting perks and its similarity to Bitcoin, BTC20 is definitely a promising investment opportunity to watch out for.

shunadvice

Render Token (RNDR)

The Render Network is the first decentralized GPU rendering platform, empowering artists to scale GPU rendering work on demand to high-performance GPU nodes around the world. It is built to provide a platform for a wide array of computation tasks, from basic rendering to artificial intelligence, which are facilitated swiftly and efficiently in a blockchain-based peer-to-peer network.

The Render Network provides near-unlimited decentralized GPU computing power for next-generation 3D content creation. It connects node operators looking to monetize their idle GPU compute power with artists looking to scale intensive 3D rendering work and applications to the cloud. Through a decentralized peer-to-peer network, the Render Network achieves unprecedented levels of scale, speed, and economic efficiency.

The Render Network is designed to connect users looking to perform render jobs with people who have idle GPUs to process the renders. Owners would connect their GPUs to the Render Network in order to receive and complete rendering jobs using OctaneRender. Users would send RNDR to the individual performing the render work, and OTOY would receive a small percentage of RNDR for facilitating the transaction and running the Render Network.

Once they've registered their idle GPUs on the Render Network, these GPU owners become "Node Operators" and are able to earn RNDR tokens. They do this by accepting jobs from users in need of rendering work, known as "Creators", who send their files to the Render Network, where they are assigned to Operators. The Render Network receives a small percentage of the RNDR paid out to maintain the network and facilitate the transaction.

Demand for Render Token will likely grow as more media companies need to convert text to images. The popularity of AI-generated images is also good news for Render. More than 35 million frames have been rendered on the Render Network so far, including almost 2.5 million frames in the first quarter of 2024, a 17.7% year-over-year increase.

shunadvice

THORChain (RUNE)

THORChain was founded in 2018 and allows users to swap native assets between any supported chains or deposit their assets to earn yield from swaps. It is secured by its native token, RUNE, which accrues value as more assets are deposited into the network. RUNE is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms.

THORChain stands out for its experience in the space and its recent growth. It had about $1 billion per week in swap volume at the end of 2023. Its single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021, and Mainnet went live in June 2022.

THORChain enables Streaming Swaps, which allow large swaps to be broken up into many smaller swaps over time, reducing swap fees for users. It also offers single-sided liquidity provision through Savers, allowing users to provide Layer 1 assets such as Bitcoin and earn single-sided yield without impermanent loss.

THORChain also hosts a flagship Lending protocol where users can borrow against their native Bitcoin or Ethereum and receive a USD-denominated debt in the asset of their choosing. The loans have no liquidations, interest, or expiration.

shunadvice

Superintelligence Alliance

The Superintelligence Alliance (CRYPTO:ASI) is a merger of three popular AI cryptos: SingularityNET, Fetch.ai, and Ocean Protocol. All three projects were interesting and innovative players in the AI space, with SingularityNET and Fetch.ai featuring on lists of cryptocurrencies to watch. The merger combines the best of these three cryptocurrencies, making it a promising investment opportunity.

SingularityNET brings AI development and integration to the table. Fetch.ai offers advanced autonomous AI agents that can handle real-world tasks for users. Finally, Ocean Protocol provides data-sharing and monetisation capabilities.

The AI boom has been one of the most exciting technological developments in the cryptocurrency space, and the Superintelligence Alliance is well-positioned to capitalise on this trend. The number of companies using AI continues to grow, and the Superintelligence Alliance is poised to leverage its capabilities in this area to drive growth and generate returns.

While investing in cryptocurrencies can be lucrative, it is important to remember that the market is volatile, and there are risks involved. It is always recommended to do your own research and consult a financial advisor before making any investment decisions.

Should Christians Invest in Bitcoin?

You may want to see also

shunadvice

Ethereum

In addition to smart contracts, Ethereum's blockchain is able to host other cryptocurrencies, called "tokens," through the use of its ERC-20 compatibility standard.

Frequently asked questions

Some alternative cryptocurrencies that have held their value throughout steep price climbs and drops are Ethereum, Tether, XRP, Binance Coin, Cardano, Solana, Dogecoin, and Shiba Inu.

Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, which may capitalise on AI's popularity. Bitcoin is another crypto that could be poised for strong performance in 2024 due to the SEC's approval of Bitcoin ETFs.

BTC20 is a new token that runs on the Ethereum network and offers exciting perks and unique advantages for early investors.

Some of the best investments for 2024 include high-yield savings accounts, long-term corporate bond funds, dividend stock funds, value stock funds, and small-cap stock funds.

Written by
Reviewed by
Share this post
Print
Did this article help you?

Leave a comment