It is no secret that you can earn a lot of money with cryptocurrencies. In recent years, we have seen the rise of Bitcoin, Ethereum, and a host of other digital currencies. But what about some of the lesser known coins? Today we are going to take a look at three of them: Dogecoin, Cardano and Toon Finance.

dogecoin

DOGE chart live from https://coinmarketcap.com/currencies/dogecoin/

Who would have thought that a cryptocurrency that originally started as a joke would become one of the most popular digital assets in circulation? However, that is exactly what happened with Dogecoin. Originally created in 2013 by Jackson Palmer and Billy Markus, Dogecoin was meant to satirize the growing popularity of alternative cryptocurrencies. His name is derived from the “doge” meme, which features a Shiba Inu dog.

While Dogecoin may have started out as a joke, it has since become one of the most popular cryptocurrencies out there. As of May 2021, Dogecoin is ranked #28 on CoinMarketCap with a market capitalization of $893 million. It has also become one of the most widely traded cryptocurrencies, with over $50 billion worth of Dogecoins changing hands every day. So what is it about Dogecoin that has made it so popular?

Dogecoin Popularity: Low Transaction Fees and Fast Transaction Times

Dogecoin’s popularity can be attributed to two main factors: its low transaction fees and fast transaction times. Compared to other popular cryptocurrencies like Bitcoin and Ethereum, Dogecoin boasts much lower transaction fees. For example, at the time of writing, the average transaction fee for Bitcoin is $6.56, while the average fee for Dogecoin is just $0.117.

In addition to having low transaction fees, Dogecoin also features incredibly fast transaction times. While Bitcoin transactions can take up to 10 minutes to confirm, Dogecoin transactions typically confirm in just 1 minute. This makes Dogecoin an ideal cryptocurrency for everyday use cases such as tipping or sending small amounts of money to friends and family.

Recent Dogecoin Price Rise: Thanks to Elon Musk!

Dogecoin has seen a tremendous price rise in recent months thanks in large part to Tesla CEO Elon Musk. On April 2, 2021, Musk tweeted “Doge Barking at the Moon” along with an image of a rocket taking off for the moon. This caused the price of DoGEUSD (the US dollar equivalent of Dogecoin) to rise more than 30% in just 24 hours.

Musk has continued to tweet about Dogecoin ever since and has even gone so far as to call himself the “Father Doge.” As a result of Musk’s endorsement, major companies like Coinbase and Square have started allowing their clients to buy and sell Dogecoin on their platforms. And on May 5, 2021, it was announced that DOGE would be listed on Robinhood, one of the most popular trading apps among millennial investors.

Who would have thought that a cryptocurrency originally created as a joke would become one of the most popular digital assets in circulation? However, that is exactly what happened with Dogecoin. Thanks to its low transaction fees and fast transaction times, Dogecoin has become a favorite among cryptocurrency users looking for an alternative to Bitcoin. And with the recent endorsement of Tesla CEO Elon Musk, it doesn’t look like Dogecoin’s popularity is going to slow down anytime soon!

Cardano (ADA)

ADA Live Chart From https://coinmarketcap.com/currencies/cardano/

Cardano is a relatively new coin; it was only released in 2017. However, it has already become a top 10 coin by market cap. Cardano differs from other cryptocurrencies in its focus on security and scalability. Cardano is currently ranked #7 on CoinMarketCap with a market capitalization of $32 billion. Let’s take a closer look at this young upstart on a coin and see what makes him so special.

Cardano’s security approach

One of Cardano’s main goals is to create a blockchain that is more secure than previous generations. To achieve this, Cardano uses a unique layered approach. The first layer is the account values ​​ledger, and the second layer is the control layer that executes smart contracts. This separation allows for greater flexibility and security, as the system can be updated without affecting the underlying ledger of account values.

Additionally, Cardano uses a proof-of-stake consensus algorithm called Ouroboros. With Ouroboros, there is no need for energy-intensive mining like with Bitcoin’s proof-of-work algorithm. This makes Cardano more environmentally friendly and more scalable.

Cardano’s scalability approach

The Bitcoin network can currently handle around 7 transactions per second (TPS). By comparison, Visa can handle 24,000 TPS. Clearly there is room for improvement when it comes to cryptocurrencies and scalability. Cardano aims to be much more scalable than Bitcoin and Visa by using a technique called “sidechains”. Sidechains allow transactions to be processed off-chain and then recorded on-chain once verified. This allows for much higher transaction throughput while maintaining decentralization and security.

Cardano is a young cryptocurrency that is already making waves in the industry thanks to its focus on security and scalability. With its unique layered approach and proof-of-stake consensus algorithm, Cardano is well positioned to become a major player in the cryptocurrency space. And with its sidechain technology, Cardano has the potential to vastly outperform both Bitcoin and Visa in terms of transaction performance. It will be interesting to see how Cardano develops in the coming years!

Toon Finance (TFT)

Toon Finance is an exciting new project that has just concluded its Stage 1 ICO pre-sale and is on its way to finishing Stage 2. The project consists of a great community backed by a great team of developers accumulating half a century of experience. in WEB3 and Finance. They plan to take on WEB3 with their focus on making a TRULY decentralized protocol that hasn’t been done in this space yet. They are also offering an airdrop of their NFT to everyone who will participate in their ICO when the token launches, which is scheduled for Q1 2023. Let’s take a closer look at what Toon Finance has to offer.

Mission and vision

Toon Finance’s mission is to “provide users with access to the best possible financial products and services through the power of decentralization, transparency, and collaboration.” His vision is to “build a decentralized ecosystem of financial products and services that works for everyone, not just the privileged few.”

What sets Toon Finance apart?

Toon Finance plans to be the first TRULY decentralized protocol in the WEB3 space. They want to give users access to the best possible financial products and services through decentralization, transparency, and collaboration. Also, they are offering an airdrop of their NFT to everyone who participates in their ICO when the token is launched.

The team behind Toon Finance

The team behind Toon Finance is made up of experienced people with over half a century of experience in WEB3 and finance. They’ve been in the industry long enough to see that the space needs to change, and they have the right mindset, passion, and experience to do just that. They want to remain anonymous just like Uniswap still does to this day. But rest assured, they put their money where their mouth is!

Toon Finance is an ambitious project aiming to become the first TRULY decentralized protocol in the WEB3 space. If they are able to achieve their goals, Toon Finance could well become the go-to protocol for those looking for financial products and services in the WEB3 space. Be on the lookout for them!

Excellent marketing!

Toon Finance is making big moves with its marketing team. As one of the best on WEB3, Toon Finance has launched a huge advertising campaign in the United States. This move will likely put Toon Finance on the map and make people around the world aware of its mission. With this new campaign, more people can learn what sets Toon Finance apart from similar companies, as well as why it is seen as an up-and-coming player in the finance space.

They are actively taking steps to build awareness of their product, which could result in increased usage and adoption of Toon Finance over other competitors in the industry. It will be interesting to see how this affects Toon Finance sales in the future!

Toon Finance and Cardano ADA Trends in Motion

If you have the opportunity, it is better to invest in all of them, but if you can only choose 1, then choose Toon Finance. In addition to a great project with an amazing community, they also have a lot going for them going forward. You can check their website for a detailed roadmap and white paper.

So there you have it: a brief overview of three lesser-known but potentially lucrative cryptocurrencies. Of course, Bitcoin is still king supreme in terms of market capitalization and popularity; However, these three coins show that there is still a lot of room to grow in the crypto space. As always, do your own research before investing any money!

To participate in the Toon Finance pre-sale, here are the links below:

Website: https://toon.finance/

Presale: https://buy.toon.finance/

Twitter: https://twitter.com/ToonSwapFinance

Telegram: https://t.me/ToonSwapFinance

CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/