Want to become a crypto millionaire? Then these 3 cryptocurrencies should be added to your portfolio right now.
Cryptocurrency investments have taken the financial world by storm. New and advanced cryptocurrencies are constantly emerging.
Some seek to replace traditional currencies such as pounds or dollars, while others are creating a new type of financial application.
The growth of this new asset class has also seen some of the wealthiest and most sophisticated entrepreneurs invest in them. One such billionaire investor, whose backing has worked wonders for several digital currencies, is Elon Musk.
3 cryptocurrencies that you should invest like Elon Musk
Musk, as an investor, has always been an ardent supporter of cryptocurrencies, especially the new meme coins and altcoins. As a result, many investors have wondered how to invest like Elon Musk.
The answer to this question can be complicated, as investments are strictly dependent on the investment strategies of the individual. But let’s look at Dogecoin, Shiba Inu, and Quitriam Finance as potential investment options today.
When the Dogecoin Foundation revealed its roadmap for 2022, the price of DOGE soared again.
Created as a joke in 2013 by two software engineers, Dogecoin has seen fantastic growth over the years.
The meme coin has begun to gain serious popularity with investors around the world, positioning DOGE as a potential investment option.
Thanks to its rather funny nature and meme characteristics, Dogecoin has introduced several millionaires and billionaires of the future to blockchain technology.
The key to Dogecoin’s growth is not only its technology but also the community formed behind it. Elon Musk has always been and remains an ardent supporter of Dogecoin with his series of tweets calling himself DogeFather.
The billionaire also announced that Tesla will begin accepting DOGE as payment for the automaker’s goods, solidifying Dogecoin as a top coin for investment.
Moreover, the Dogecoin Foundation seeks to change the position of cryptocurrency as a meme cryptocurrency and wants to make the project a mainstay.
The foundation has announced plans to update its websites and create training materials in 2022. The team also aims to move the network to an energy-efficient mechanism for confirming participation.
The Dogecoin Foundation also announced Dogepedia and Libogecoin content libraries, as well as Gigwallet, a highly adaptable API that facilitates DOGE transactions in minutes.
This could be a good time to buy DOGE, as Dogecoin has already begun taking its first steps to expand its network and reach into the DeFi space.
Shiba Inu (SHIB)
SHIB’s value and popularity skyrocketed, thanks in part to the attention it received from Musk on Twitter.
No other altcoin has been in wilder volatility than Shiba Inu in 2021. This ERC20 token combines all the key features of Ethereum, Bitcoin, and Dogecoin. In addition, the network boasts huge security features. The SHIB token also gives its users the ability to safely store their free wallets.
Unlike other cryptocurrencies, Shiba Inu works hard to benefit communities by creating partnerships and alliances on a non-profit level.
The main force behind these charitable contributions is the dedicated SHIB community, which is calling for more involvement from other crypto developers as well.
Needless to say, a key catalyst that has led to the rise in popularity of dog-themed cryptocurrency is the SHIB Army. This dedicated community promotes the popularity and value of the token across several social media platforms.
This eventually led to well-known cryptocurrency exchanges such as Coinbase, BitStamp, and Bitso list SHIB, increasing the investment appeal of the token.
The asset also plans to enter the network of virtual worlds, the Metaworld, which is another key reason to invest in SHIB this year.
“SHIB: METAVCELENE” will be an umbrella term whereby $ SHIB, $ LEASH, $ BONE will play a role as phases unfold.
In addition, Shiba Inu seeks to expand its network reach through the development of a Shiba meta-universe called Shiba Land. These initiatives hold high hopes for SHIB’s long-term growth, making Shiba Inu a millionaire coin for investors.
Quitriam Finance (QTM)
Quitriam Finance is a developing project with huge growth potential.
Quitriam Finance has been in the spotlight lately for several reasons, and the main one is the project’s desire to simultaneously connect different blockchains through its ecosystem. The QTM token is the protocol’s own cryptocurrency.
Quitriam Finance seeks to solve a problem faced by other DEX platforms: problems with the Ethereum network. QTM will deploy Quitriam Swap, a multi-chain decentralized exchange that will connect Ethereum, Polygon, and Binance Smart Chain networks.
As a result, Quitriam Swap will soon appear on multiple networks and offer some of the fastest transactions on the market.
QTM could be a good option for investment, as the token boasts extraordinary qualities and the ability to become the leading cryptocurrency in the market.
The cryptocurrency aims to use multi-chain technology, which will lead to fast transactions with minimal fees.
It will also allow more users to interact with Quitriam Finance. In addition, the ability to switch between blockchains is important and, in turn, will attract more users to the network.
Moreover, Quitriam Finance Foundation, a decentralized exchange platform, boasts multi-chain operability and a DeFi product ecosystem. Thus, now is a good time to buy QTM tokens for future profits, as the cryptocurrency is still in pre-sales.
Regardless of the volatility and fluctuations that characterize the crypto market, crypto investments are considered to be very profitable investment assets in the long term.
They can offer you a much-needed financial buffer during a sudden economic crisis. If you are planning to diversify your investment portfolio, Dogecoin, Shiba Inu and Quitriam Finance are worth looking into in 2022.
However, before taking the plunge into crypto investing, it’s wise to consider your investment strategy and risk portfolio.