Scared of Inflation? 2 Top Cryptos to Watch Right Now
The U.S. inflation rate stands at 8.6%, which is bad news for savers, who could see the value of their money evaporate over the long term. And while cryptocurrency is a speculative and highly uncertain alternative to cash, some coins hedge against the challenge of inflation. Avalanche (CRYPTO: AVAX) and Binance Coin (CRYPTO: BNB) boast deflationary designs where the number of coins in circulation is programmed to fall over time. Let's explore why these assets may have a place on your investment watchlist.
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Avalanche is one of several potential "Ethereum killers" designed to host decentralized applications (dApps), or self-executing programs stored on the blockchain. Avalanche is exciting because it offers big scalability advantages over the market leader and a unique coin-burning mechanism designed to reduce its circulating supply over the long term.
Source Fool.com
