If you own some cryptocurrencies and you don’t feel like trading, there’s a way you can still earn without it. The most common opinion that money can be made only by day-trading is not exactly true. It can really pay off to hodl to your cryptocurrencies and make a passive income. Here we put up a list of a few cryptocurrencies that are great for you to hodl.
-
Ethereum
The great thing about is that Ethereum offers the use of smart contracts. These contracts are executed without any human intermediaries which makes them extremely efficient. Also, you can build decentralized apps on the Ethereum blockchain. The more you build dApps the more it increases in value.
-
Ripple
Ripple has a superior technology over some other altcoins. The goal for Ripple is to replace the current SWIFT system that banks use. Also, Ripple can process more than 1000 transactions in a second which is far more than bitcoin can.
-
Litecoin
Litecoin is mostly known as the replacement for Bitcoin. The idea behind Litecoin was to improve transaction time and lower the transaction fees even more. This coin is the best option for daily payments and transactions.
-
Stellar
Stellar Lumens is most Ripple-alike, created by an ex-Ripple founder. The goal is to make smaller transactions between individuals. They made a great partnership with IBM which was a great strategic move to increase the demand for this coin.
-
NEO
NEO also uses smart contracts and tries to create a ‘’smart’’ distributed network. It’s also blockchain based and they aim to automate the entire process of managing digital assets.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com
Discussion about this post