{"id":33397,"date":"2021-11-29T13:03:48","date_gmt":"2021-11-29T13:03:48","guid":{"rendered":"https:\/\/helpsfortech.com\/?p=33397"},"modified":"2021-12-02T07:17:24","modified_gmt":"2021-12-02T07:17:24","slug":"heres-why-i-opted-for-cryptocurrency","status":"publish","type":"post","link":"https:\/\/helpsfortech.com\/heres-why-i-opted-for-cryptocurrency\/","title":{"rendered":"Here\u2019s Why I Opted For Cryptocurrency\u00a0"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><span style=\"font-weight: 400\">When the global economy undoubtedly is moving towards digitalization,\u00a0 setting up a paperless lifestyle becomes inevitable. The newest, most promising, and secure medium of exchange to the digital payment sector is <a href=\"https:\/\/helpsfortech.com\/category\/crypto-currency\/\">Cryptocurrency<\/a>.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A medium of trade meant to exchange digital information has seen immense growth in the world. <\/span><a href=\"https:\/\/coinpedia.org\/\"><span style=\"font-weight: 400\">Coinpedia <\/span><\/a><span style=\"font-weight: 400\">defines cryptocurrency as a form of virtual currency that is the newest introduction to the financial world. It has been more than a decade since the world\u2019s first cryptocurrency got introduced and has existed since, yet it is an enigma to many!!\u00a0<\/span><\/p>\n<h1><b>Why Cryptocurrency Gained Public Eye?\u00a0\u00a0\u00a0\u00a0<\/b><\/h1>\n<p><span style=\"font-weight: 400\">Here are the top reasons why cryptocurrency gained the public eye in no time and interests are ever-growing.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Fraud Proof: All Cryptocurrency transactions are stirred on the public ledger, and are irreversible. The identity of crypto coin owners is encrypted to ensure the legitimacy of the records since cryptos are decentralized no organization owns them. Neither government nor bank can control over them\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Instant Settlement: Blockchain is the reason why cryptocurrency has no value. Ease of use is the reason why the cryptocurrency is in high demand. All you need is a smart device, an internet connection and instantly you become your own bank making payments and money transfers.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Accessible: There are over two billion people with access to the Internet who don&#8217;t have the right to use traditional exchange systems.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">You must have come across terms like <\/span><a href=\"https:\/\/coinpedia.org\/information\/what-is-bitcoin\/\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\">, <\/span><a href=\"https:\/\/coinpedia.org\/information\/market-price-prediction-ethereum-2019\/\"><span style=\"font-weight: 400\">Ethereum<\/span><\/a><span style=\"font-weight: 400\">, etc, which are some of the first cryptocurrencies introduced, there are more than 1040 Cryptocurrencies in the crypto market listed at Coinmarketcap.<\/span><\/p>\n<h2><b>How did India switch to Cryptocurrency?\u00a0\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">A few years ago when the nation decided to be harsh on the flow of black of onery in and around the country, Demonetization came into action. As a result, the money earned from the black market \u201c Black money \u201c\u00a0 has been evaded.\u00a0 On the other side, 22 billion banknotes under circulation which stood of null value worried people about losing their savings and earnings. And hence an investment into cryptocurrency Came into the bis picture.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><strong>Also Read<\/strong>: <a href=\"https:\/\/bitcoinstrends.net\/aepnow-american-electric-power-customer-panel-site\/\">aepnow<\/a> information at bitcoinstrends.net<br \/>\n<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">Amid these investment interests of Indians gave a boost to the cryptocurrency trading volume<\/span><\/p>\n<p><span style=\"font-weight: 400\">With a well know fact Cryptocurrency is decentralized, the Indian government is now regulating cryptocurrency with an appropriate framework. The central bank\u00a0 has also admitted to designing their own blockchain and the crypto token will be named \u201cLakshmi\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Blockchain technology has, in turn, changed the way of how large companies operate digitally. Through ICOs\u00a0 \u201c Initial Coin offering\u201d, large companies are offering these digital token for sale, hence people are running after the discounted invested. As a resulting spike in trading volume was observed in the ICO tokens<\/span><\/p>\n<h3><b>Indian\u2019s Favourite Crypto tokens?\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Will the thread going in Social media platforms \u201cTwitter and Reddit \u201c it is quite evident that Indians have their interest in the meme tokens, due there insane leverages. India investors have turned into millionaires after holding meme tokens like <\/span><a href=\"https:\/\/coinpedia.org\/price-prediction\/shiba-inu-price-prediction\/\"><span style=\"font-weight: 400\">Shiba Inu<\/span><\/a><span style=\"font-weight: 400\">, <\/span><a href=\"https:\/\/coinpedia.org\/price-prediction\/dogecoin-price-analysis\/\"><span style=\"font-weight: 400\">Dogecoin<\/span><\/a><span style=\"font-weight: 400\">, and an Altcoin <\/span><a href=\"https:\/\/coinpedia.org\/price-prediction\/cardano-price-prediction\/\"><span style=\"font-weight: 400\">Cardano<\/span><\/a><span style=\"font-weight: 400\">. These tokens have seen immense rally fueled by some celebrities in the crypto market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Meme token has left a lot of investors with millionaire badges while some have turned their investment dead. For a volatile market like Crypto, it is very important to do your own research before investing.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When the global economy undoubtedly is moving towards digitalization,\u00a0 setting up a paperless lifestyle becomes inevitable. The newest, most promising, and secure medium of exchange to the digital payment sector is Cryptocurrency.\u00a0\u00a0 A medium of &#8230; <a title=\"Here\u2019s Why I Opted For Cryptocurrency\u00a0\" class=\"read-more\" href=\"https:\/\/helpsfortech.com\/heres-why-i-opted-for-cryptocurrency\/\" aria-label=\"More on Here\u2019s Why I Opted For Cryptocurrency\u00a0\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":33574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[902],"_links":{"self":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts\/33397"}],"collection":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/comments?post=33397"}],"version-history":[{"count":4,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts\/33397\/revisions"}],"predecessor-version":[{"id":33575,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts\/33397\/revisions\/33575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/media\/33574"}],"wp:attachment":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/media?parent=33397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/categories?post=33397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/tags?post=33397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}