Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

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. 

Image source: Getty Images.

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. 

Continue reading


Source Fool.com

Like: 0
Share

Comments