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In the fast-paced world of cryptocurrencies, Binance Coin (BNB) has emerged as a dominant force, fueling the operations of the largest crypto exchange globally. With its innovative features, strong utility, and growing popularity, BNB has captured the attention of investors, traders, and enthusiasts alike. In this article, we will delve into the captivating journey of Binance Coin, exploring its origins, functionality, and the crucial role it plays in supporting the vast ecosystem of the worlds largest crypto exchange, Binance. To effectively invest in crypto, you may consider investing in a reliable trading platform like Immediate Bitcoin.

Binance Coin was launched in July 2017 by Binance, a prominent cryptocurrency exchange founded by Changpeng Zhao (CZ). The coin was introduced as an integral part of the Binance ecosystem, serving multiple purposes within the platform. Initially developed as an ERC-20 token on the Ethereum blockchain, Binance Coin transitioned to its native blockchain, Binance Chain, with the launch of the Binance Chain Mainnet in April 2019.

The transition to Binance Chain brought several advantages, including increased scalability, faster transaction speeds, and enhanced security. Binance Coins migration marked a significant milestone, positioning it as a powerful and independent digital asset within the crypto market.

One of the primary use cases of Binance Coin is to pay for trading fees on the Binance platform. By utilizing BNB to cover transaction fees, users can enjoy substantial discounts, incentivizing them to hold and utilize the coin for their trading activities. In the initial years, BNB holders received a 50% discount on trading fees, gradually decreasing to 25% in subsequent years.

Binance Launchpad, a token launch platform, offers users the opportunity to participate in various token sales using BNB. Holding BNB grants users exclusive access to highly sought-after token offerings, enabling them to diversify their crypto portfolios and potentially benefit from early-stage investment opportunities.

BNB has expanded its utility beyond the realm of crypto trading by partnering with various platforms in the travel industry. Users can book flights, hotels, and other travel-related services using BNB, providing a seamless and convenient experience for cryptocurrency enthusiasts.

With the advent of Binance Smart Chain (BSC), an innovative blockchain developed by Binance, BNB has gained prominence in the world of decentralized applications and decentralized finance (DeFi). BSC offers a robust infrastructure for developers to create and deploy dApps, with BNB serving as the primary fuel for transactions and interactions within these applications.

Binance Coins rapid rise in popularity has not only solidified its position within the Binance ecosystem but has also had a significant impact on the broader crypto market. Here are a few ways BNB has influenced the industry:

BNB has experienced substantial price appreciation over the years, reflecting its growing demand and utility. As more users embrace Binance and its ecosystem, the demand for BNB has surged, leading to a positive impact on its market value. This upward trend has attracted the attention of investors and traders, contributing to the coins overall success.

The wide adoption of Binance as the go-to exchange for crypto trading has translated into increased liquidity for BNB. As more users hold and trade BNB, the overall liquidity of the coin improves, making it easier for traders to execute their strategies and ensuring a smooth trading experience.

Binance Coins success has not gone unnoticed by other players in the crypto space. Its emergence as a utility token with multiple use cases has sparked innovation and competition, with other exchanges and projects striving to develop their own native tokens to replicate BNBs success. This healthy competition drives progress and benefits the overall development of the crypto industry.

As Binance continues to innovate and expand its ecosystem, the future of Binance Coin appears bright. With ongoing developments such as Binance DEX (decentralized exchange), the integration of BNB within various Binance-backed projects, and the continuous growth of Binance Smart Chain, BNB is poised to play an increasingly vital role in shaping the future of cryptocurrencies and blockchain technology.

Furthermore, Binances commitment to driving adoption and fostering partnerships across different industries will likely enhance BNBs utility and create new opportunities for its holders. The continuous evolution of the Binance ecosystem and the enduring support for Binance Coin contribute to its potential for long-term success and sustainability.

Binance Coin has emerged as a force to be reckoned with in the world of cryptocurrencies. With its origins rooted in the largest crypto exchange, Binance, BNB has carved its path by offering robust utility, market performance, and widespread adoption. As Binance continues to innovate and expand its ecosystem, Binance Coin is set to thrive further, solidifying its position as a key player in the crypto market. Whether its fueling transactions, granting access to exclusive token offerings, or driving innovation in decentralized applications, BNB is at the forefront, empowering users and shaping the future of the digital economy.

Amidst the dynamic landscape of cryptocurrency, its essential to explore various platforms and opportunities. By leveraging its features and tools, users can navigate the crypto market and potentially capitalize on market movements. While Binance Coin offers its unique set of advantages within the Binance ecosystem, platforms like Bitcoin Era complement the broader crypto landscape, providing avenues for users to participate in the ever-evolving world of digital currencies.

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Binance Coin: Fueling the Worlds Largest Crypto Exchange - Business News This Week

Theta Network token has done well in the past few days even as Bitcoin remains in a consolidation phase. The token rose to a high of $0.7890, the highest level since July 5th. In all, it has jumped by more than 37% from the lowest level in June, giving it a market cap of more than $787 million.

Theta Network is a unique blockchain network that seeks to disrupt the video and entertainment industry. It is powered by Theta Blockchain, a solution that was launched in December last year to provide infrastructure for the media industry.

Theta Metachain is described as an interconnected network of blockchains that allows permissionless horizontal scaling for the Theta Blockchain. These blockchains include the popular ones like Binance Smart Chain, Ethereum, and Avalanche.

Theta has a similar goal to Filecoin, a network that aims to move the world to a decentralized cloud infrastructure. Instead of relying on centralized video streaming platforms, it hopes that anyone with free storage can share their network and earn some money from it.

Theta is also in the non-fungible token (NFT) industry through its Theta Drop platform. While this platform was launched with a lot of hype, its market share has been a bit limited. Instead, the industry is currently dominated by the likes of OpenSea and Rarible.

It is not clear why Theta Network token has jumped in the past few days. Since there have been no major news, my assumption is that the token is just being pumped. A likely sign of this is that its volume has been a bit little during this time.

Data compiled by CoinGecko shows that the daily volume of Theta has averaged less than $10 million in the past few weeks. This is a small number for a coin valued at over $750 million.

The 4H chart shows that the Theta price has been in a bullish trend in the past few days. It has managed to move from a low of $0.700 on Wednesday to almost $0.80 today. The token is slowly approaching the upper side of the ascending channel shown in green.

Theta has moved above the 25-period and 50-period exponential moving averages (EMA) while the Relative Strength Index (RSI) has drifted upwards. Therefore, I suspect that the coin will pull back after rising to the upper side of the channel. If this happens, the next price to watch will be at $0.75.

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As the Theta Network Price Rises More Upside Could be Limited - BanklessTimes

Over the past few years, presale events have been gated for specific users, and not many crypto enthusiasts have been lucky to make money out of it. Presales have great precedents in the market because they are the least risky opportunity in a market known for high risks and volatility. Uwerx has some excellent prospects toward launch, and being a massive utility project, there are some exciting trends to watch out for.

However, lets discuss some available opportunities with the BNB Chain first.

BNB Chain is a network powered by the utility token of the Binance centralized exchange Binance Coin (BNB). The network has some affiliations with the exchange, but Binance tries to establish that its an entirely separate entity in a bid to differentiate the decentralized platform. BNB Chain was formerly called the Binance Smart Chain, and its an EVM chain that offers more scalable options to Ethereum.

It was the rave of the market in the 2021 bull market as users migrated from Ethereum (ETH) to the more scalable BNB Chain. Most existing projects bridged their networks to BNB Chain to allow cheaper access to their ecosystem. The network is one of the many values built around the BNB token, although activity has been somewhat low recently. You can expect excitement in the bull market when the demand for alternative EVM networks rises.

BNB Chain has scheduled an upgrade called the Luban hard fork, and its targeted at improving security on the network, which is a necessary feature in the landscape. With the BNB Chain at the top of the market, you can always bet on it to benefit from price uptrends in the next few months.

As Uwerx releases more pages and sections of its platform in its alpha phase, users have scurried to get the last bit of WERX tokens available on the Stage 5 presale. A price increase is imminent, so why not get the cheaper tokens in the current round? Uwerx released additional pages from its platform, like the login and signup, job creation page, contract initiation, activity dashboard, and many others.

This is in preparation for its beta launch, where users can test the network and provide feedback on Uwerx. These released features appear intuitive, and despite being a Web3 platform, it makes it easy for users to get used to the functionalities like its an existing platform.

Uwerx introduces several new features users are looking to adopt, and its competitive edge is a huge advantage for its long-term vision in the gig market. WERX is the native token for governance and utility, selling for $0.05245 on presale.

With price predictions at $3, this is a potential 100x profit and is the least you can make from the presale. Enter the WERX presale now and claim a 15% bonus.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

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Discover Emerging Opportunities With BNB Chain And Uwerx(WERX) - The Portugal News

Description

Cryptocurrencies and blockchain technology have witnessed significant advancements in recent years. One notable development in this space is the rise of wrapped crypto, a concept that has gained traction due to its ability to enhance cross-chain interoperability. Understanding wrapped crypto is essential to explore blockchain networks full potential and expand your cryptocurrencies utility. Contents hide Read more

Cryptocurrencies and blockchain technology have witnessed significant advancements in recent years. One notable development in this space is the rise of wrapped crypto, a concept that has gained traction due to its ability to enhance cross-chain interoperability. Understanding wrapped crypto is essential to explore blockchain networks full potential and expand your cryptocurrencies utility.

In simple terms, wrapped tokens are representations of native cryptocurrencies from one blockchain network that have been wrapped or tokenized to be compatible with another blockchain. This process involves locking the original tokens on their native blockchain and issuing equivalent tokens on the target blockchain. The wrapped tokens maintain a 1:1 peg with the original tokens, meaning each wrapped token represents the same value as one unit of the native token it is based on.

Wrapped Bitcoin (WBTC)

One of the most well-known examples of wrapped crypto is Wrapped Bitcoin (WBTC). WBTC is an ERC-20 token representing Bitcoin (BTC) on the Ethereum blockchain. Users can use their BTC holdings by wrapping Bitcoin by leveraging Ethereums smart contract capabilities, decentralized applications (DApps), and decentralized finance (DeFi) protocols.

Wrapped Ether (WETH)

Wrapped Ether (WETH) is an ERC-20 token representing Ether (ETH) on the Ethereum blockchain. It provides increased liquidity and compatibility with other tokens and DApps within the Ethereum ecosystem. WETH enables users to participate in decentralized exchanges, lending platforms, and other DeFi protocols that require ERC-20 tokens.

Wrapped Litecoin (WLTC)

Wrapped Litecoin (WLTC) is an example of a wrapped token representing Litecoin (LTC) on the Ethereum blockchain. WLTC enables Litecoin holders to interact with Ethereum-based projects and services, expanding the utility of their LTC holdings.

These examples represent just a fraction of the wrapped tokens in different blockchain networks. The growing popularity of wrapped crypto showcases the demand for cross-chain compatibility and the need to bridge the gap between disparate blockchain ecosystems.

Cross-chain interoperability is the seamless transfer of assets and data between different blockchain networks. Wrapped tokens act as bridges, allowing users to overcome the limitations of a single blockchain and tap into the potential of multiple networks. Here are two key advantages of cross-chain interoperability through wrapped crypto:

Wrapped tokens enable users to transfer their assets from one blockchain to another without complex and time-consuming processes. By wrapping a native token, such as Bitcoin or Ether, users can unlock liquidity and accessibility across various blockchain networks. For example, suppose a user holds Bitcoin but wants to participate in DeFi applications on the Ethereum blockchain. In that case, they can wrap their Bitcoin into an ERC-20 token like WBTC and seamlessly transfer it to the Ethereum network. This cross-chain compatibility expands the potential use cases and utility of cryptocurrencies.

Cross-chain interoperability through wrapped crypto makes cryptocurrencies more accessible and usable. It allows users to utilize their assets in different blockchain ecosystems, leveraging each networks unique features, applications, and services. Users can access decentralized exchanges, lending platforms, yield farming protocols, and other decentralized applications specific to a particular blockchain. This interoperability breaks down the barriers between isolated blockchain networks, creating a more inclusive and interconnected landscape for cryptocurrency holders.

Wrapped crypto opens up a world of possibilities for users, eliminating the need to be confined to a single blockchain and enabling them to tap into the advantages and opportunities presented by various networks. It fosters collaboration, innovation, and the seamless flow of assets across blockchains.

Wrapped crypto offers a significant boost to liquidity within the blockchain ecosystem. Liquidity refers to the ease with which an asset can be bought or sold without causing substantial price movements. By leveraging wrapped tokens, participants in the crypto space can enjoy increased liquidity in the following ways:

Wrapped tokens bring liquidity from one blockchain network to another, effectively bridging liquidity pools. This integration enables users to access a broader range of trading opportunities and liquidity providers. For example, the introduction of Wrapped Bitcoin (WBTC) on the Ethereum network expands the liquidity options for Bitcoin holders, allowing them to participate in decentralized exchanges, lending platforms, and other DeFi protocols within the Ethereum ecosystem. By tapping into diverse liquidity pools, traders and investors can enjoy enhanced market efficiency and better price discovery.

Wrapped tokens play a crucial role in decentralized exchanges (DEXs) by serving as the bridge between different blockchain networks. They enable the seamless trading of assets that reside on separate chains. For instance, wrapped tokens facilitate the trading of Bitcoin for Ether on decentralized exchanges like Uniswap or SushiSwap. This integration eliminates the need for intermediaries and centralized exchanges, empowering users with greater control over their assets while ensuring efficient and secure transactions.

Additionally, wrapped tokens can be used as collateral in lending and borrowing protocols, unlocking further liquidity options. Users can leverage their wrapped tokens to access loans, earn interest, or provide liquidity to decentralized lending platforms. This participation enhances overall market liquidity and creates opportunities for yield generation.

Wrapped crypto allows users to leverage different blockchain networks distinctive features and capabilities. Participants can tap into various blockchain-specific protocols, smart contracts, and applications by wrapping tokens. Here are two key advantages of accessing different blockchain features through wrapped crypto:

Each blockchain network has its features and functionalities that make it unique. By utilizing wrapped tokens, users can access these features without being limited to a single blockchain ecosystem. For example, suppose a user holds Bitcoin but wants to take advantage of the smart contract capabilities and decentralized applications on the Ethereum network. In that case, they can wrap their Bitcoin into a token like WBTC and interact with the Ethereum ecosystem. This flexibility allows users to benefit from the strengths of multiple blockchains and opens up a wealth of possibilities for innovation, investment, and participation.

Certain blockchain networks have specialized protocols, smart contracts, or applications that cater to specific use cases or industries. Wrapped crypto enables users to access these targeted solutions by bridging their assets across blockchains. For instance, users can leverage wrapped tokens to participate in DeFi protocols on Ethereum, yield farming opportunities on Binance Smart Chain, or privacy-focused applications on networks like Zcash or Monero. By utilizing wrapped crypto, users gain exposure to diverse blockchain functionalities, expanding their options for investment, financial services, and technological advancements.

Access to different blockchain features through wrapped crypto enhances the versatility of cryptocurrencies and promotes collaboration and cross-pollination between blockchain networks. It allows users to leverage the strengths of each blockchain, fostering innovation and the development of novel solutions.

Wrapped crypto allows users to diversify their cryptocurrency holdings and manage risk more effectively. Participants can navigate potential vulnerabilities or issues on a single blockchain network by utilizing wrapped tokens while expanding their exposure to different blockchain ecosystems. Here are two key advantages of diversification and risk management through wrapped crypto:

Blockchain networks can face various risks, including technical vulnerabilities, regulatory uncertainties, or scalability challenges. By diversifying their holdings across multiple blockchains through wrapped tokens, users can reduce their exposure to any single point of failure. If one blockchain experiences a disruption or faces a security issue, the value of wrapped tokens on other blockchains remains unaffected. Diversification helps spread risk and ensures that users assets are not solely dependent on the performance of a single blockchain network.

Wrapped crypto also allows users to hedge against potential issues or vulnerabilities specific to a particular blockchain. For example, if there are concerns about the security of a native token on a blockchain, users can opt to wrap their tokens and hold them on a different, more secure blockchain. This strategy helps safeguard their assets while maintaining exposure to the value and utility of the wrapped token. Users can navigate potential risks and uncertainties in the ever-evolving blockchain landscape by utilizing wrapped crypto for hedging.

While wrapped crypto brings significant benefits to the blockchain ecosystem, knowing the challenges and considerations associated with this concept is essential. Here are some key factors to consider when dealing with wrapped tokens:

The security and trustworthiness of wrapped tokens depend on the underlying mechanisms and protocols for wrapping and custody. It is crucial to carefully evaluate the security practices and audit reports of the projects providing wrapped token services. Users should exercise caution and conduct thorough research to ensure that the wrapping process and custody solutions are robust, transparent, and reliable.

The regulatory landscape surrounding wrapped crypto and cross-chain transactions is still evolving. Different jurisdictions may interpret how wrapped tokens should be treated and regulated. Compliance with relevant regulations, such as anti-money laundering (AML) and know-your-customer (KYC) requirements, becomes essential when engaging with wrapped tokens. Users should know the regulatory implications and seek legal advice if necessary.

The wrapping process often involves a centralized custodian or intermediary responsible for custody and issuing wrapped tokens. This custodian introduces centralization and counterparty risk, as users need to trust the custodian to manage the assets and maintain the 1:1 peg properly. It is essential to consider the reputation and track record of the custodian, as well as the mechanisms in place to ensure transparency, security, and accountability.

Interoperability between different blockchain networks and standards for wrapped tokens is still evolving. Not all blockchains support the same wrapping protocols or have seamless cross-chain compatibility. Users should ensure that the desired blockchain ecosystem supports the wrapped tokens they are dealing with and that there are established standards or protocols for wrapping and unwrapping tokens.

Wrapped tokens heavily rely on market adoption and liquidity. The availability of liquidity providers, decentralized exchanges, and trading pairs for wrapped tokens can affect the ease of trading and market efficiency. Users should assess the liquidity and trading volume of the wrapped tokens they intend to engage with to ensure smooth transactions and efficient price discovery.

The interdependence among different cryptocurrencies through wrapped tokens increases the risk of contagion. If a major issue or vulnerability arises in one blockchain network or affects the wrapped tokens custodian, it can potentially impact other wrapped tokens and their corresponding blockchain ecosystems. This contagion risk highlights the importance of assessing the security, reputation, and reliability of the custodians and wrapping protocols involved.

Wrapped crypto is a powerful tool in the blockchain industry, unlocking many benefits for users seeking cross-chain interoperability and enhanced functionality. By tokenizing native cryptocurrencies and representing them on different blockchain networks, wrapped tokens enable seamless transfer of assets, increased liquidity, access to diverse blockchain features, and risk management through diversification.

Looking ahead, the adoption and potential of wrapped crypto continues to grow. As more blockchain networks embrace cross-chain interoperability and the use of wrapped tokens, the ecosystem becomes more interconnected and collaborative. Market liquidity for wrapped tokens will expand, leading to more significant opportunities for traders, investors, and participants in the blockchain space.

Wrapping depends on the availability of compatible wrapping protocols for the specific token.

The time taken for wrapping and unwrapping tokens can vary depending on the blockchain network and the specific wrapping service. It can range from minutes to hours.

Wrapped tokens have their associated transaction fees, which can differ from the fees of the original token. Users should consider these fees when transacting with wrapped tokens.

Wrapped tokens aim to maintain a 1:1 peg with the original token. However, during periods of high volatility, temporary value discrepancies between the wrapped token and the original token may occur.

Custodial risks exist in wrapped tokens, and issues with the custodian can impact the value and functionality of the wrapped token. Users should research and trust reputable custodians.

While most wrapping protocols focus on fungible tokens, there are emerging solutions for wrapping NFTs, allowing you to use them across different blockchain networks.

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Benefits of Wrapped Crypto that You Need to Check Out ... - Cryptopolitan

If youre looking for a way to catapult yourself into the millionaires club, you might want to consider investing in some millionaire-maker cryptos right now. Despite the recent rally, many undervalued gems in the crypto market are trading at bargain prices. Thats because the rally has mostly benefited the top projects, while the giants still overshadow the up-and-coming ones.

However, I believe that this situation will change soon, as the impact of the Bitcoin (BTC-USD) halving next year overlaps with the Federal Reserves anticipated rate cuts. This will create a perfect storm for crypto adoption and innovation and boost the prices of some of the most solid and promising millionaire-maker cryptos out there. Snapping up some of these high-potential millionaire-maker cryptos before that could return tremendous gains in the long run. Lets dive in!

Source: karnoff / Shutterstock.com

One of the biggest challenges facing the crypto industry right now is the increasing scrutiny and regulation of centralized exchanges. Many governments are cracking down on these platforms, imposing strict rules and requirements that could hamper the growth and encourage their users to shift to other decentralized alternatives. This is where Ontology Gas (ONG-USD) comes in.

Ontology is a high-performance blockchain that specializes in decentralized identity and data solutions. Ontology enables users to create and manage their own digital identities, as well as securely store and share their data across different blockchains and platforms. This way, users can enjoy the benefits of crypto without relying on centralized intermediaries that could compromise their privacy and security.

Ontology Gas has been performing well lately as more users and developers are adopting its platform. But I believe that Ontology Gas has a lot of potential to grow further, as Web 3.0 lacks the necessary infrastructure for decentralized identity and data solutions, which is fulfilled by Ontology. Ontology is also compatible with various blockchains, such as Ethereum (ETH-USD), Binance Smart Chain (BNB-USD), Polkadot (DOT-USD) and Cosmos (ATOM-USD), which increases its interoperability and scalability. Personally, it brings a lot of utility to the table and the catalysts are well-positioned to carry it higher, making it one of the top millionaire-maker cryptos in my book.

Source: Have a nice day Photo/Shutterstock

Another key trend that is shaping the future of Web 3.0 is interoperability. Interoperability refers to the ability of different blockchains and platforms to communicate and exchange value with each other seamlessly and efficiently. As Web 3.0 is unlikely to rely on just one blockchain, interoperability is becoming increasingly important for developing and adopting decentralized applications and services.

As a solution, Router Protocol (ROUTE-USD) aims to provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions. Router Protocol enables users to swap their assets from different networks seamlessly in a near-instant and low-cost manner. Router Protocol also supports cross-chain farming, lending, borrowing and staking, which opens up new opportunities for yield generation and risk management. ROUTE has been performing well lately as more users and developers recognize its value proposition. Personally, the momentum can accelerate and deliver multibagger gains in the next bull run. Why?

There is a lot of room left to grow further, as interoperability is becoming more crucial as Web 3.0 evolves. For example, Solana (SOL-USD) is slowly capturing the non-fungible token market share away from Ethereum, and other blockchains could diversify the Web 3.0 pie even more. This makes interoperability a key piece of the Web 3.0 puzzle, which Router Protocol solves better than its competitors.

Source: elenabsl/Shutterstock

Another one of the biggest challenges facing the crypto industry right now is scalability. Scalability refers to the ability of a blockchain to handle a large number of transactions per second without compromising security or decentralization. Many projects do well in this field, but the caveat is that they usually have to sacrifice decentralization or security to achieve that. Ethereums founder Vitalik Buterin calls this the scalability trilemma, and Kaspa (KAS-USD) is attempting to solve this trilemma withthe GHOSTDAG protocol.

Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel; rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG, which is a generalization of Nakamoto consensus that allows for secure operation while maintaining very high block rates and minuscule confirmation times dominated by internet latency.

Kaspa also includes many neat features and subprotocols, such as Reachability, Block data pruning, SPV proofs and subnetwork support, making it more efficient and flexible. I believe that KAS has a lot of potential to grow further, as scalability is one of the most important factors for the success of Web 3.0. The momentum of the project speaks for itself. But again, time will tell how this protocol plays out.

On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. TipRanks has consistently ranked him among the top 5% of experts as of July 2023. You can follow him on LinkedIn.

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3 Cryptos to Catapult You into the Millionaires' Club - InvestorPlace