Tuesday, July 9, 2024

Three Crypto Plays for Long-Term Growth... and Profits

Total Wealth

BROUGHT TO YOU BY MANWARD PRESS

Three Crypto Plays for Long-Term Growth... and Profits

Robert Ross

Robert Ross
Speculative Assets Specialist

Ever hear of the "I Am Rich" app?

Released by German software developer Armin Heinrich in August 2008, it was one of the earliest apps for the iPhone.

But here's the thing... it didn't do anything.

The app showed only a red icon that said the following when pressed: "I am rich. I deserve it. I am good. Healthy and successful."

This was despite costing $999 to download.

There were a lot of other silly apps on the iPhone in those days... Apps that sounded like flatulence, a digital lighter app that mimicked a flickering flame, and a virtual beer app that made it look like you were drinking from your phone.

None had practical use.

It's the same with "memecoins" in the crypto sector.

Memecoins Are the Fart Apps of Crypto

Memecoins are highly speculative tokens that often lack intrinsic value and are driven primarily by social media hype and viral trends.

Some of the most recent ones - most of which are built on Solana (SOL) - include Jeo Boden (BODEN), DogWifHat (WIF), and Dogecoin (DOGE).

Just like those iPhone frivolous apps, memecoins capture attention but often fail to provide lasting utility or value. This is why I would never recommend anyone buy them other than for highly speculative trades with less than 1% of your portfolio.

However, the problem is people not familiar with crypto believe memecoins are the rule rather than the exception when it comes to crypto.

But there are projects with real use cases being built in crypto.

Knowing the difference can set you up for long-term success in the sector.

SPONSORED

The Final Piece of Nvidia's AI Puzzle

Missing piece of jigsaw puzzle
 

Nvidia's Blackwell chip is set to redefine artificial intelligence, but it can't reach its full potential without one crucial component. That's where this secretive startup comes in. Their technology is the backbone of Blackwell's success, and as Nvidia aims for global AI dominance, this little-known company could be the key to unlocking untold riches. Discover the hidden link in the AI supply chain.

 

Three "Real" Crypto Projects to Watch

The first on my list is Chainlink (LINK).

Chainlink connects smart contracts with real-world data in a secure and reliable manner. This capability is crucial for the development of decentralized finance (DeFi) and other blockchain applications that need accurate external data to function.

Chainlink

View larger image

For example, DeFi platforms often need price feeds from traditional financial markets to operate correctly. Chainlink provides this by pulling data from multiple sources, ensuring it is trustworthy and resistant to manipulation. It has partnerships with Alphabet, Oracle, and JPMorgan Chase, proving it's a key player in the blockchain ecosystem.

The robust growth of DeFi applications continues to drive demand for Chainlink's services, highlighting its essential role in bridging blockchain technology with real-world applications.

SPONSORED

The David to Nvidia's Goliath: Tiny Startup Solving AI's Biggest Challenge

CPU concept
 

While Nvidia grabs the headlines, a little-known company is quietly reshaping the AI landscape. Their cutting-edge technology is tackling the biggest bottleneck in AI adoption, attracting customers like Intel, AMD, Microsoft, and more. As the AI boom accelerates, this tiny startup could be the ultimate winner. Get in early on the AI revolution's best-kept secret.

 

Next, we have Ethereum (ETH).

Ethereum is the leading platform for decentralized applications (dApps) and smart contracts. It has transformed the blockchain space by enabling developers to build and deploy a wide range of applications beyond simple transactions.

Ethereum

View larger image

At its most basic level, Ethereum is like an "operating system" for crypto. Just like Microsoft Windows or Apple iOS, blockchain developers can build "dApps" on top of the Ethereum blockchain. These dApps can be products people use daily, such as decentralized exchange Uniswap, non-fungible token (NFT) marketplaces like OpenSea, or DeFi platforms like Aave.

Ethereum's robust developer community and its position as the foundation for most DeFi projects and NFTs make it a cornerstone of the blockchain ecosystem.

Third on my list is Filecoin (FIL).

SPONSORED

Nvidia's Secret Partner... This Is The New AI Chip Powerhouse

Chatbot conversation
 

I bet you've never heard of it... but this newly public company is set to become key to Nvidia's seat on the AI throne. And for now... you can get in while it's still cheap. Details Here!

 

Filecoin is a decentralized storage network that transforms cloud storage into an open market. This innovation allows users to store and retrieve data on the blockchain, providing an alternative to traditional centralized cloud storage providers like Amazon AWS, Google Cloud, and Microsoft Azure.

Filecoin

View larger image

Filecoin incentivizes network participants to offer storage space by rewarding them with FILE tokens. This decentralized approach not only enhances data security and privacy but also reduces costs through increased competition.

Filecoin's technology is particularly relevant in an era where data is growing exponentially, and the demand for secure, reliable, and cost-effective storage solutions is at an all-time high.

As the internet continues to evolve toward decentralization, Filecoin is positioned to play a critical role in the infrastructure of Web 3.0.

While the crypto market has its share of fleeting trends and hype-driven projects, these standout initiatives - Chainlink, Ethereum, and Filecoin - demonstrate the potential for significant advancements and long-term value.

And if you want to learn more about the impressive crypto projects I've shared with Manward Money Report subscribers, click here.

But either way, when it comes to crypto, I'd avoid the memecoins and focus on the projects with real-world applications.

Stay safe out there,

Robert

Want more content like this?

YES
NO
 

No comments:

Post a Comment

Welcome to Bernie Schaeffer's Award-Winning Option Advisor

Congratulations! By signing up for Option Advisor, you just took the first step towards becoming a successful trader and pot...