Lc4, Cosmos (Atom) and Me
While talking about cryptocurrency, Lc4 and Cosmos (Atom) is one of the cryptocurrencies in which I am thinking to invest, why? I will give you the answer but, first, let me introduce you to these currencies.
It is a Leading Coin 4 entrepreneur, it operates on the Ethereum platform, it is not much famous and you might not be able to find it on any internet platform like Wikipedia. But I will give you its website link so, you will be able to know about it easily. Its stats are:
Current price: $0.06690, 10.53 Pakistani Rupee
24h change: $0.003733 (⁵.94%); 0.75 Pakistani Rupee
Market Rank: 3160
1y: $0.00113
No. of coins in circulation: 0
Before seeing its market cap, we have to know, “What is Market Cap?”
Market Cap or Market Capitalization refers to “A metric that measures the size of the cryptocurrency.” To measure the market cap, just multiply the current market price of the coin with the total no. of coins in circulation.
Formula: Current Market price × Total no. of coins in circulation
$0.06690 × 0
Market Cap: 0
Lc4 website link: https://www.lc4foundation.org/default.aspx#intro
Why I was thinking of investing in it?
Ans: I was thinking of investing in it because it was one of the cryptocurrencies going in the profit and I joined the zoom sessions of some companies which we're thinking of investing in Lc4. And after seeing its stats of a week I was convinced to invest in Lc4, I took suggestions from many people but, after their research, I came to know it`s not too famous and cannot be easily found due to which I stopped following it. So, now I am left with one option of investing in Cosmos. Let`s see, “What is Cosmos?”
Cosmos is a localized network of independent and parallel blockchains (a complex system of recording information that makes data difficult to hack), each of them is powered by Byzantine-Fault Tolerance short for BFT (A cure for Byzantine-Fault, the Byzantine-Fault Tolerance whose objective is to overcome the failures of the system with or without showing symptoms) agreement like Tendermint agreement (Tendermint is a software that secures and consistently allows the user to replicate the application on different platforms).
According to Cosmos: https://cosmos.network/intro
So, it shows that Cosmos is secure and has a fast transaction process which makes it great and according to me and my research partner Cosmos is a great cryptocurrency to invest in. Investing in any cryptocurrency, we should first check its current value and its 1-week stats (Here, I have provided 1y stats too, if you are interested in them).
See below👇
Current Value: $ 13.78
24h change: +3.84%
1y: $3.74
Here, a question arises why the prices of cryptocurrencies are hiking despite COVID-19. Its because many countries like “Russia, China, Canada, the Eu, and many other countries are working on central bank digital currencies. This is obvious that the old financial world sees cryptocurrency as the future.
Its price is increasing because Elon Musk (Owner of Tesla motors) has invested 1.5 billion dollars in Bitcoin and changed the game (Because the price of Bitcoin almost reached $9,095 from $10, 250).
In a chat on social media app Clubhouse, Musk says, “I am a supporter of bitcoin.” He said bitcoin was “on the verge of getting broad acceptance” by conventional finance people. Musk added that he was “a little slow on the uptake” and should have bought it years ago. According to the sources of economic times.
After watching its stats, you will also want to invest in this cryptocurrency. You will ask “Why this crypto (Cosmos), why not Bitcoin after all the world`s richest person is investing in it, there is no chance it will go in loss?”
So, the answer is “See the price of the Bitcoin, its current price is $ 51,111. A person like me who’s a teenager and who doesn`t even have a job and trying to buy crypto from his savings… I think it will be costly but, if you are rich enough to buy the Bitcoin, why not?”
Well, if you want to research by yourself on Cosmos (Atom), here`s the website link.
👉 https://cosmos.network/
That`s all, thanks for reading. Take Care😷
