{"id":3206,"date":"2021-07-13T13:46:26","date_gmt":"2021-07-13T13:46:26","guid":{"rendered":"https:\/\/blog.thegentsplace.com\/?p=3206"},"modified":"2021-07-13T13:46:26","modified_gmt":"2021-07-13T13:46:26","slug":"cryptocurrencies-to-keep-an-eye-on","status":"publish","type":"post","link":"https:\/\/blog.thegentsplace.com\/cryptocurrencies-to-keep-an-eye-on\/","title":{"rendered":"Cryptocurrencies to Keep an Eye On"},"content":{"rendered":"\n\t\t\t\t\n<p>We have been talking about crypto here on the Gents Blog since 2014.&nbsp; While you can\u2019t buy <a href=\"https:\/\/blog.thegentsplace.com\/bouncing-bitcoin\/\">Bitcoin<\/a> (BTC) for the single digit prices it was trading for back then, there are plenty of new currencies that are affordable and have promising futures.&nbsp; We\u2019ve already spoken a lot about <a href=\"https:\/\/blog.thegentsplace.com\/ethereum-vs-bitcoin\/\">BTC and Ethereum<\/a> (ETH) so in this article we\u2019ll share a few <a href=\"https:\/\/blog.thegentsplace.com\/what-are-cryptocurrencies\/\">cryptocurrencies<\/a> that are not necessarily grabbing the cable news headlines but are still quietly going about their work.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Binance Coin<\/h2>\n\n\n\n<p>Binance Coin was launched in 2017 using an Initial Coin Offering (ICO).&nbsp; Its primary use case is trading crypto currency.&nbsp; With thousands of coins out there that are not yet traded on the big exchanges like Coinbase, Binance (with its own exchange, as well) offers a chance for those with lesser known cryptocurrencies to trade.&nbsp; It\u2019s also known for having lower conversion fees for fiat (traditional currencies like the dollar or euro) transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Litecoin<\/h2>\n\n\n\n<p>If BTC is considered digital gold, Litecoin (LTC) is often said to be digital silver.&nbsp; It offers fast transaction times and has been used as currency, perhaps most famously for the purchase of a Tom Brady rookie card for around $1.6M.&nbsp; It\u2019s a currency you can buy, hold, and trade on Venmo and features fast transaction times.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">dogecoin<\/h2>\n\n\n\n<p>Founded in 2013 as a joke, dogecoin has been used to sponsor a Nascar vehicle for a race at Talladega.&nbsp; It frequently gets a lot of attention from Elon Musk, who proclaims himself the \u201cdogefather.\u201d&nbsp; It is being accepted for payment with some merchants but it\u2019s differentiated from other coins by its rabid reddit-centric followers.&nbsp; It has no market cap so it is susceptible to the very same issues of fiat currency, which is ostensibly one of the very ways that cryptocurrencies are valuable.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Basic Attention Token<\/h2>\n\n\n\n<p>The Basic Attention Token (BAT) was created by a co-founder of Firefox and Javascript.&nbsp; It\u2019s seeking to address the issue of how the Internet is \u201cpaid for.\u201d&nbsp; Instead of relying on banner ads and pop-ups, the promoters of the BAT want to encourage users to support creators and sites with BATs.&nbsp; If you are familiar with creator-driven sites like Patreon, then you can think of BAT as a crypto version of that site, which can allow you to \u201ctip\u201d creators on websites, platforms like Twitter, or even directly.&nbsp; The privacy-focused Brave browser uses BAT and issues it to those who use their browser.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Lumens<\/h2>\n\n\n\n<p>Lumens (XLM) are the internal currency of the Stellar network.&nbsp; Stellar is an open network that is built to sell and trade money.&nbsp; All of the world\u2019s currencies and payment systems speak in different (and often incompatible) languages.&nbsp; Stellar speaks to all those systems and currencies in their own native language while simultaneously trying to lower transaction costs and transfer times.&nbsp; Stellar is an example of creating a business that is then powered by the tokens that are created.&nbsp; Participating institutions and payment systems use Lumens to facilitate transactions.<br><\/p>\n\n\n\n<p><em>What\u2019s a currency you would have added to this list?&nbsp; Share with us in the comments below.<\/em><br><\/p>\n\t\t","protected":false},"excerpt":{"rendered":"<p>We have been talking about crypto here on the Gents Blog since 2014.&nbsp; While you can\u2019t buy Bitcoin (BTC) for the single digit prices it was trading for back then,&#8230;<\/p>\n","protected":false},"author":3,"featured_media":3207,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,113],"tags":[731,732,420,733,465,734],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cryptocurrencies to Keep an Eye On - The Gents Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.thegentsplace.com\/cryptocurrencies-to-keep-an-eye-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrencies to Keep an Eye On - The Gents Blog\" \/>\n<meta property=\"og:description\" content=\"We have been talking about crypto here on the Gents Blog since 2014.&nbsp; 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