Investing in the Cryptocurrency Market: Two Reliable Options

29 September 2021 | Updated: 29 September 2021

As the cryptocurrency industry continues to add new coins daily, it has become increasingly tough to choose a good investment crypto option. While all crypto assets are good speculative vehicles, not all are suitable for long-term investment.

In this article, we’ll take a brief foray into two of the most reliable crypto-assets in the industry; Binance Coin (BNB) and Uniswap (UNI).

Binance Coin

Binance, the host platform of BNB, is the largest crypto marketplace in the world today. That said, investing in Binance Coin is similar to investing in the stock of Binance. Sitting at the number three spot on the top cryptocurrency rankings, BNB has recorded a meteoric rise over the past few months, thanks to the groundbreaking performance of the exchange.

Also, Binance Coin sometimes functions like an “in-game currency” that rewards users with better price deals on their transactions when they pay with BNB. This bestows the token with a kind of real-money value and also serves as a “lock-in” for traders using the platform.

Despite having suffered a barrage of a clampdown from regulatory authorities across the globe, Binance continues to adjust to the climate and forge ahead. The company has even shown that it is prepared to disrupt its operations to maintain its competitive and leading advantage, making it a reliable investment vehicle.

An example of such disruption occurred after the advent of decentralized exchanges (DEX), which threatens its business model. The behemoth crypto company swiftly launched the Binance Smart Chain (BSC), allowing developers to create decentralized new projects and facilitate fast and cheap transactions, to retain market relevance.

With these points, you begin to grasp why BNB is a mainstay investment vehicle in this rapidly evolving industry.

Uniswap

Uniswap is arguably the best-performing decentralized trading protocol (DEX), despite its relatively late entry into the space. Uniswap serves as a reliable medium for users to “swap” one token for another in a truly decentralized fashion, compared to centralized exchanges like Binance.

The launch of Uniswap V3 in May opened the doors to better lending operations for Lending Partners (market makers). Since this launch, Uniswap has grown from 1.6 million users to over 2.7 million users in four months.

Cryptocurrency Market Volatile: A Fundamental Concern

One salient principle to follow when investing is to scout for a product that solves a real-world problem and dominates its peers. Uniswap and Binance Coin fulfill both requirements.

Nonetheless, investors should anticipate and take safety measures against erratic volatility swings, which occur regularly in the crypto industry. Uniswap is an even guiltier party to this market action.

 

You can purchase crypto coins here: Buy Tokens

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.