What Cryptocurrencies Do Young People Play (What Games Do Young People Play)?

What cryptocurrencies do young people play? Now is the best time to enter the cryptocurrency market. The rise of Bitcoin is largely due to the surge in its price, but historically, Bitcoin’s performance has far exceeded other mainstream assets.

As investors become more bullish on cryptocurrencies such as Bitcoin and Ethereum, some of the most forward-looking projects are emerging. For example, decentralized exchanges like Uniswap and decentralized lending platforms like Compound are among the hottest investment targets recently; the Bitcoin halving has excited many people but also left some disappointed, as the price of Bitcoin has increased by more than 90% this year; and many newcomers hope to give it a try.

So what investment options are suitable for young people? Let’s take a look together:

1. Bitcoin

In the traditional financial field, people generally believe that the inflation rate is high (also known as “the higher the price, the greater the risk”), which usually refers to the imbalance between supply and demand over the long term. However, for digital currencies, this situation is often more obvious: because the market is highly volatile, when demand increases, transaction costs will increase; on the other hand, gold also has certain supply restrictions, so it is necessary to purchase a certain amount of precious metal to hedge against devaluation risks. (Image source: Bloomberg)

2. ETH

After the launch of Ethereum 2.0, many people expect a good performance in DeFi concept stocks, such as UNI. However, most projects currently lack good performance records, such as MakerDAO, Aave, and some well-known products are still under development. These products have great development potential. Of course, all of this depends on whether users accept and are willing to invest. If users hold enough tokens and do not want to bear any losses, they will consider selling some.

3. XRP

Ripple has recently become popular, and some friends use this term to call themselves blockchain entrepreneurs, but they don’t know why they love it so much. It is said that Ripple is an open-source software development team and its code is written by a research group of Stanford University. In addition, Ripple is still being improved. In addition to mining, a new system called Ethereum (ETC) has been launched. Although this system is still in the testing stage, due to severe network congestion and security vulnerabilities, Ripple cannot be regarded as a reliable application, but can only be considered a scam.

4. Dogecoin

Why Dogecoin attracts widespread attention is because it is decentralized, unlike other altcoins. Just like Elon Musk now, his remarks are also based on his views on Twitter. Dogecoin was initially initiated by a group of famous speculators and gradually became known to the public. However, Dogecoin has caused controversy-many people consider it a pseudonymous game.

What Games Do Young People Play

Editor’s note: This article is from Odaily and is authorized to be reproduced.

According to statistical data from people working in the blockchain industry, what games are young people playing now? The following are several popular types:

1. Ethereum (ERC-20 Token) games, where users can freely choose to participate; 2. Applications developed based on the ERC20 protocol, such as MetaMask, Trezor, ImmutableX, etc., can be used for transactions and payments; 3. NFT crypto art market, including Decentraland, WorldofWomen, Cryptovoxels, TheSandbox, etc., can be used as collectibles.

In the past two years, people have become more interested in the virtual world, but the development of blockchain technology and the financial risks brought by cryptocurrencies as an asset class have gradually become apparent. Nowadays, many players have started to invest in the digital asset field. So what is Bitcoin? In simple terms, it is an electronic cash system on a peer-to-peer network.

When Bitcoin first appeared, it was a means of storing value. One of its main functions was to earn interest by storing digital assets in one place. However, now due to the lack of sufficient funds to support Bitcoin price fluctuations, Bitcoin’s price has dropped significantly, and it has been proven to be a very unstable investment target. This makes its issuance different from traditional stocks, and investors must hold Bitcoin to participate in the entire economic activities. Although Bitcoin was originally circulated in the gold market, it soon became a new thing when it entered the public eye because people bought this new commodity and service and put it into commercial operation. Bitcoin has become a new form of consumption. If someone believes that Bitcoin has huge potential, it is likely to become the underlying layer of the next generation of the Internet. Therefore, in the early stages, many people may think that Bitcoin may be the “largest-scale economy in human history within the next ten years.” However, in recent years, Bitcoin has not appreciated as much as most people expected, but has become even scarcer. Bitcoin’s growth rate even exceeded the gains of many other mainstream currencies. The reason why Bitcoin’s rise is so attractive is that it not only provides a better experience than ever before but also enhances user stickiness. The more important reason is that it can meet the needs of ordinary consumers. So we know that Bitcoin is in this period, which brings more entertainment content to people and provides higher user activity. However, it is worth noting that Bitcoin has not yet achieved complete decentralization, which cannot be ignored by some young people. In addition, for those who want to avoid inflation or devaluation, Bitcoin is still a good investment opportunity.