The crypto market is full of opportunities. Even those not involved in the space know that the new technology is constantly improving for the better. Gone are the days where only risk takers chose to buy bitcoin. Nowadays, the crypto space offers opportunities for everyone, even those who are not ready to invest large amounts of money.
In this article we take a look at some companies, protocols and exchanges that offer different opportunities for crypto investors, depending on their interests and needs. After reading this post you should have a better idea about all the different companies in this space, and the best for each option. Let’s delve in.
Uniswap & Binance Smart Chain
Decentralized exchanges started becoming popular in 2019, when increased KYC requirements were imposed upon cryptocurrency exchanges. Initially, the concept was simply used to increase privacy for users who didn’t want to verify their ID or create an account. Later, the same DEX platforms would work with several protocols to offer the possibility of lending, borrowing, trading, and yield farming their coins in a decentralized manner.
Uniswap rose to popularity in September 2020, when the protocol delivered 400 UNI tokens to each wallet that had ever used the protocol in the past. Based on Ethereum, it became one of the best ways to exchange tokens with the power of smart contracts.
Binance Chain is a cheaper alternative (in terms of fees) to Ethereum-based DEXs. It increased in popularity in the first quarter of 2021, when retail interest and TikTok marketing blasted it into the mainstream.
BlockFi & Celsius Network
Both BlockFi and Celcius Network are platforms that offer high interest to people who deposit their coins in their savings accounts. In other words, these platforms act like banks, are regulatory compliant, and offer interest that is much higher than any bank or other financial institution.
While BlockFi has lowered its interest rates twice this year, a move that somewhat hurt its reputation, Celsius is increasing in popularity, and so does the price of cryptocurrency CEL, the native token of the network.
Rarible & OpenSea
Rarible and OpenSea are the two best companies when it comes to buying and selling digital art in the form of non-fungible tokens. NFTs, which are art pieces (image, sound, video) linked to Ethereum addresses, became increasingly popular in the beginning of 2021, and continue to innovate at current time.
NFTs offer some of the biggest investment opportunities in the crypto space, as companies are slowly transitioning their business models into experience-based NFTs, like VeeFriends, and others.
We expect Rarible and OpenSea to expand as fast and the use cases of NFTs do, and it will be exciting to see what the future brings for their development.
Decentraland & CryptoVoxels
A rather unusual concept is that of virtual land (digital real estate). Since NFTs can be used to represent authenticity on the web, why not use this concept to create virtual land? That is exactly when Decentraland and CryptoVoxels are all about.
Apart from being the leading brands in the metaverse, the two companies offer a glimpse into the way of the future, by allowing users to operate within the virtual world, build homes and businesses, and join others to create events and meetups.
Another opportunity for those looking to profit from the market volatility, is to use P2P trading platforms. Peer-to-peer trading has increased in popularity, as exchanges and crypto ATMs are rather limited when it comes to the available payment methods they support.
Since users trade directly with one another (using the power of an escrow service) the payment method can be practically anything they want, as long as both accept to engage in the transaction. LocalBitcoins in the most popular service in this sector, but requires ID verification for any purchase that exceeds 1000$ per year.
Binance has so many opportunities to benefit from that its hard to list them in this small post. From tokenized stocks and NFT markets, to derivatives products and crypto debit cards, the exchange innovates at all levels, marching on the first row of mainstream adoption for retail and institutions.
We also like Binance due to its large number of trading pairs, which allow traders to benefit from market volatility and explore new projects.
How to spot more opportunities
Due to the dynamic nature of the crypto markets, users will need to constantly stay up to date with the events and projects that enter the spotlight. From government regulations to new, decentralized applications, the world is finally waking up to the benefits of decentralization, and the opportunities that come with it.
We recommend anyone reading this to continue their research and connect the dots to the past. With a strong conviction, unshaken belief and confidence, you will soon come to realize that the crypto markets can take your investment game to the next level.