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Since the creation of the first cryptocurrency (Bitcoin – BTC) in 2009, there has been an influx in the number of digital currencies, with a number of them gaining worldwide recognition. Although times are currently hard in the crypto market space, there is one thing we have all noticed from crypto tokens in the past, and it is that they bounce back. It is for this reason that crypto stakeholders are still on the lookout for promising tokens to buy into, paying no regard to the bear market.
If you happen to be one of such venture capitalists or you just began your crypto journey a while back, you intend on making profitable returns. These two coins will not only diversify your portfolio but will greatly increase the chances of your portfolio's worth growing larger. These tokens are Youniverze (YUNI) and Cardano (ADA).
The Youniverze Finance ecosystem's token is called 'Youniverse (YUNI)' and is used to pay for all services and transactions in the Youniverze (YUNI) Finance Metaverse and Youniverze (YUNI) Finance Multi-chain Trading and Sourcing System.
The Youniverze token, being the ecosystem's basic tenet, has a variety of uses. It may be used for project governance, such as polling and voting, and to stimulate growth, use, and reward early contributors. As more individuals utilize the product, the token's value will increase, making it a fertile ground for stakeholders.
The Youniverze (YUNI) offers bonuses to its users upon purchase of Youniverze tokens during the presale. The first purchase of tokens earns a user a 30% token bonus and a second purchase earns a 60% bonus.
Cardano (ADA) is a blockchain platform that processes transactions through its native token called ADA. Just like any other blockchain platform, Cardano (ADA) handles all kinds of transactions, but unlike them, Cardano (ADA) aims to be the "Internet of Blockchains," creating an ecosystem that allows seamless interchangeability between different blockchains.
The Cardano (ADA) blockchain is similar to the Ethereum (ETH) blockchain. To better understand the performance of Cardano (ADA), think of Bitcoin (BTC) as Crypto 1.0 (which has scalability issues due to the implementation of the proof of work consensus mechanisms), Ethereum (ETH) as Crypto 2.0, and Cardano (ADA) as Crypto 3.0 – an improvement on the functionality of Crypto 2.0 (ETH). Cardano (ADA) uses the proof of stake consensus mechanisms to provide a more stable network which has sped up its popularity from when it was built in 2017.
ADA is the Cardano platform's native cryptocurrency and was named after Ada Lovelace, a 19th-century mathematician known as the first computer programmer.
Just like any other cryptocurrency, Cardano (ADA) can be used for purchases and also be kept for an increase in its value. Cardano tokens can also be used to cover transaction fees on the Cardano network. If, however, you decide to hold Cardano (ADA) long-term, you should pay attention to which wallet you use.
The two official Cardano wallets are the Daedalus wallet [full node] and the Yoroi wallet [light node]. Both wallets allow users to earn new Cardano (ADA) by staking their assets and also allow them to vote in Project Catalyst, a fund that awards ADA to Cardano projects.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
