A well-known analyst has announced a project that has not yet been discovered by many investors with different crypto signals.
According to Randall Trzaski, there is an altcoin that could grow 100 times by the end of 2021. Randall, who defines it as a gem and believes that it has not yet reached the value it deserves, supports this claim with some important details. Let’s take a look at the details of this project, which he announced on the popular YouTube channel Crypto Love.
↑ Chia Network (XCH)
The Chia Network was designed to improve the global financial and payment systems. The project, initiated on an institutional scale, had an extremely ambitious debut. The project, aimed at eliminating environmental problems through lower energy consumption, focuses on an important point. It hasn’t been long since Elon Musk inflated FUD’s carbon footprint. This is why all major projects, including Ethereum (ETH), are trying to strengthen these aspects, that is, to make them more environmentally friendly.
Chia uses a different algorithm. It was created by Bram Cohen, the inventor of the BitTorrent network protocol called Proof of Space and Time.
↑ What is proof of space and time?
- It works differently from conventional cryptocurrency mining methods or even a betting algorithm.
- This algorithm makes it possible to work with nodes on top of the hard disk.
- The special encryption method and the Proof of Space and Time algorithm, which ensures the consistency of block times between them, also increase the security of the network.
- “The more free hard disk space you have, the more chances you have of winning prizes. Chias Native XCH token is generated on the hard drive. “
This token, which has no fixed supply, is slated to decline by 50% at a production rate every 3 years. In about 13 years, only 4 tokens will be produced every 10 minutes in connection with crypto signals. Of course, this will lead to lower inflation.
Chia Network (XCH) with a market cap of around $ 226 million is worth $ 263. Randall believes that concern for the environment will further increase the popularity of the Chia Network (XCH) by the end of the year, while its price will increase up to 100 times.
Of course, Randall’s views are uncertain. Investing in Chia Network (XCH) can also be extremely risky. Getting advice about cryptocurrencies is extremely risky.
↑ Chia (XCH) network is not as green as said?
There is another little-known detail about the Chia Network (XCH). In this project, the production and life of the network continues thanks to the “disks”. After doing a little research by SafeTrading, we can see that solid state drives and hard drives used for manufacturing are facing some challenges. When writing large amounts of data, discs can operate at speeds of 40/1 of their normal lifespan. Worse, your SSD may be out of warranty because too much data is being written in 3 months.
So, aren’t discs used up so quickly a problem for the environment? Of course, this is as serious a problem as energy consumption, the energy spent on the destruction and production of this waste raises some questions. It is possible that discussions about the Chia Network (XCH) will deepen in the future, and these discussions may not affect the price of the token and its crypto signals.
Another innovation from Dogecoin.
We can say that this is the first and, perhaps, the strongest meme coin on the market. It continues to open up new horizons and now appears before us with a music festival. The festival, which will take place in October, will be attended by world-famous names, and the SafeTrading team thinks this festival will make a big splash. One of the most important elements that make the festival remarkable is that all proceeds will be donated to charity.
With the support of Elon Musk, Dogecoin, which has grown significantly in a short time and managed to reach a wider audience, is the most realistic joke. At the moment, one cannot say that it retains its former popularity, but we are talking about an asset that still manages to attract investors and somehow remains on the agenda. If you want, let’s figure out the details of the festival together, without further ado …
We’ve heard the name “Dogecoin” for many years. We think it will become a tradition, and the fact that the proceeds will go to charity makes this festival more special and momentous at the same time.
“Sharing a Passion for Dogecoin”
The motto of the festival is also very interesting, and it is stated that such an event will be held in order for the populous Dogecoin community to share the love for Doge and start living together. The idea, which was put forward to support local and national institutions, was quickly adopted and had a big impact on social media – said the analyst of SafeTrading team.
- Together with Dogecoin, you can answer the question of what a joke currency can do or what level it can reach.
- Things happen that even its creator cannot predict, and it should not be forgotten that he is one of those who most deserves it.
- One of the most important elements that makes Dogecoin stand out will be Elon Musk’s support.
Dogecoin, which has achieved significant growth with the announcement of public money, has managed to reach a large number of investors and the general public in a short time. The asset, which took its place in the market as a joke and grew in a short time, has achieved much more success than expected.