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Why Altcoins Are Popular and How to Add Cryptocurrency to Your Investment Portfolio

Alternative cryptocurrencies (altcoins) emerged on the wave of the success of the first and most famous digital currency, Bitcoin. The main reason for the appearance of altcoins was the need to overcome the limitations and shortcomings of BTC. Bitcoin became the first currency, essentially a revolutionary technology, but slow transactions, high fees, and smart contract limitations did not make it the best.

The first altcoin that gained widespread recognition was Litecoin, launched in 2011. The blockchain was based on BTC technologies but with faster transactions and improved token mining algorithms. Shortly after, others appeared: Ethereum, Ripple, Solana, etc., offering many unique features. The concept of smart contracts was introduced with the advent of Ethereum, which allowed for the creation of decentralized applications (DApps) on its basis.

Reasons for Altcoin Popularity

The popularity of alternative cryptocurrencies is based on several important factors. First of all, it's about technological innovations. Many altcoins offer improved technological solutions, such as fast and cheap transactions, increased security, and anonymity. Of course, the support of smart contracts and decentralized applications should not be forgotten. These advantages make altcoins attractive to both users and developers.

Secondly, a plus of altcoins is considered the ability to diversify cryptocurrency portfolios to reduce risks and increase potential profits. Due to their diversity and support from market makers on major markets, altcoins offer various investment options.

Thirdly, the community and developer support. Many popular altcoins have active communities and developer teams that tirelessly work on improving technologies and promoting their projects. Communities, in turn, play an important role in the popularization and development of altcoins, attracting new users and investors.

How to Add Popular Altcoins to Your Investment Portfolio?

First of all, you need to assess all risks and familiarize yourself with the market. If you don't own any cryptocurrency, you can use exchanges to purchase initial funds. If you already have cryptocurrency, you can use online exchangers to replenish your portfolio and quickly control your investments.

A convenient and secure platform for exchanging cryptocurrencies, such as SwapGate.io, will help you easily exchange crypto assets for others, more in-demand ones like ETH or XMR. You need to take just three simple steps directly on the site to exchange crypto-to-crypto on SwapGate.io.
 1. Create an account by providing the necessary data, which will be useful for subsequent work with the site. The registration process also ensures security and compliance with regulatory requirements.
 2. Select the altcoins you have in your wallet and those you want to exchange, then specify the amount. A wide choice of coins on the platform signifies a good exchanger that meets users' need for variety.
 3. After confirming the exchange details, you need to wait for the transfer and check your wallet.

In 2024, altcoins continue gaining popularity thanks to innovative technologies that continuously emerge in the media. Alternative cryptocurrencies offer users and investors many advantages, making them an essential part of the cryptocurrency market. Platforms like SwapGate.io simplify the cryptocurrency exchange process, making it accessible and convenient for everyone.

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How to make money on cryptocurrency for a beginner? We tell you where you can start

The last few years can definitely be called the peak years for the popularization of cryptocurrencies. They are talked about from the screens, everywhere advertised and taught the skill of trading. How to make money on cryptocurrency for a beginner? This question is asked by many novice users who want to explore the crypto market and earn profits for transactions. Let's consider earning options and popular trends in this article.

Is it possible to make money on cryptocurrency in 2024?

The answer is an unequivocal yes! Since the last crazy rise in popularity associated with the ICO boom in 2017, cryptocurrencies have managed to seriously strengthen their position. The modern digital currency market offers great earning opportunities, in return requiring time, patience and a strategic approach.

Cryptocurrencies in 2024 remain attractive to investors, largely due to advances in technology, volatility, and high earning potential. Of course, there are many risks, but challenges are inherent in every field. And with knowledge and the right approach, the adoption of blockchain technology is pushing cryptocurrencies to grow more.

Popular ways to earn cryptocurrency

Although some of these methods don't require serious investments and are accessible even to novice crypto-enthusiasts, you shouldn't throw yourself into the thick of it until you've learned the basics.
- Staking is a passive way to make money from storing cryptocurrencies. By giving your tokens to steaking, you sort of “freeze” them while the coins work to support the network. This simple method is great for beginners.
- To start mining cryptocurrency in 2024 will require a large investment in equipment that can keep the network running. Despite the expensive equipment, the profits can also be very gratifying.
- Taking advantage of DeFi platforms is also within the reach of beginners. With their help, you can earn by sending funds to a liquidity pool (as well as with other useful financial instruments).
- Working with NFTs is available both in the form of reselling existing tokens and creating new ones. Unique digital objects have become less popular in the last year and a half or two years, but the market is still active and interested in new talent.
- Trading on an exchange is samfm a complex mechanism for a novice user. Buying/selling, trading and investing requires a lot of knowledge in this field. Only after making sure that you have a good understanding of the risks and the basis of trading on the exchange, you can use this direction.

Strategies for making money with cryptocurrency

If you have decided that you have sufficient knowledge of cryptocurrency trading, consider these strategies for making money:

1. Long-term investing. This strategy involves buying and holding cryptocurrency for a long time until the price shows active growth. Suitable for those who believe in the good future of cryptocurrencies and price hikes.
2. Short-term trading. Although here you need deep knowledge about market activity, active buying and selling of tokens can bring good profits from short-term fluctuations in the exchange rate.
3. Investing in ICOs/IDOs. Still a popular way to make money from cryptocurrency for those who can afford to invest. The strategy of investing in coin and token offerings involves serious risks and large potential profits.
4. Arbitrage. Also requires knowledge and skills, and allows you to earn money on price differences. You buy cryptocurrency on one platform and sell it on another.

How to exchange cryptocurrency?

In order to make money from cryptocurrency, you must first purchase it. You can buy a convenient asset for fiat on most popular exchanges, after which you will only have to exchange the cryptocurrency. The SwapGate.io platform offers a convenient and secure exchange method with a large selection of currencies.

To exchange crypto you don't need to register or go through lengthy KYC procedures, just go to the official website of swapgate.io. The user-friendly interface allows you to conduct a transaction in just three steps: selecting a pair, entering your wallet and confirming the exchange.

Simplicity and security make the SwapGate service a great choice for both novice crypto-enthusiasts and experienced users.

Conclusion

Making money with cryptocurrency in 2024 is no more difficult than it used to be - all you need to do is learn the basics and put your skills into practice. Regardless of what strategy you choose, it is worth taking the possible risks seriously and considering all the nuances.

FAQ

1. Is it possible to make money from cryptocurrency in 2024?
Of course. The market shows a stable trend of development, new mechanisms and ways of earning money appear.

2. What are the most popular directions of the crypto industry?
A lot of attention is now focused around ETF projects, as well as DeFi, GameFi and NFT.

3. What are some strategies for making money with cryptocurrency?
You can consider long-term investing, active trading, arbitrage, investing in ICOs/IDOs, and more.

4. How to exchange cryptocurrency quickly and safely?
Together with swapgate.io, your cryptocurrency exchange will take a minimal amount of time and you won't have to go through lengthy KYC verifications and registrations.

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Cryptocurrency etherium: how to exchange ETH to work with the network

The cryptocurrency etherium has held a confident second place in popularity for many years, after bitcoin. This is largely due to the merit of the blockchain, offering unique and useful features for users. Let's consider what role gas plays in the work of the network and how to get it, as well as learn how to easily exchange ETH to use all the features of the platform.

Ethereum cryptocurrency and the role of gas

The Ethereum platform appeared in the form of development in 2013, and already in 2015 it was put into operation. Open source and decentralization allowed ethereum to grow quickly and gain popularity. Unlike bitcoin, Ethereum offered smart contracts - program codes with conditions embedded in them.

The network uses Gas, a special Ethereum mechanism, to perform transactions and smart contracts. Gas is paid for with a native token of the platform called ETH (ether). It prevents infinite loops in smart contracts and pays miners for their computations during processing.

How to use ether for networking

The ETH cryptocurrency is required for many important operations on the Ethereum network:

Deployment, like executing smart contracts, requires paying gas. More complex contracts require more gas.
A huge number of dApps are built on the Ethereum blockchain, the use of which also requires payment. Internal application processes need different amounts of ETH.
The most popular reason to use gas is to conduct transactions with ERC-20 tokens (created on Ethereum) or directly with ETH.

Popular projects on the Ethereum blockchain that use gas

One of the oldest and most famous decentralized exchangers on Ethereum is Uniswap. It allows you to exchange ERC-20 directly through smart contracts, for which it charges gas.
Closing more and more needs of the society, Ethereum-based decentralized lending and borrowing platform, Aave, was launched in 2017. Since then, users have been able to earn interest on a deposit or borrow in cryptocurrency.

Virtual reality is gaining momentum, and blockchain technology is trying to keep up. Decentraland platform with native token MANA offers to create real estate or other items inside and monetize them.
The booming popularity of NFT required a hosted solution, and Ethereum found one. OpenSea was the first major NFT marketplace that offered buying, selling, and creating non-mutable tokens.
Finally, smart contracts needed an oracle network to supply data from the outside world. Its role was assumed by Chainlink, also built on Ethereum.

How to exchange ETH to work with the network

As we said earlier, to perform various operations inside the Ethereum network, you need to own ether. For this, you can exchange ETH with SwapGate, a convenient online exchange. Fast transactions and the best market rate for bitcoin and other cryptocurrencies, make exchanging on swapgate.io comfortable for any user.

You don't need to go through lengthy KYC procedures or agonize with account creation - just specify your email to receive the hash and select the desired pair. Be careful when entering your wallet data and don't forget to check everything several times. Fast cryptocurrency exchange is one of the main components of transactions through SwapGate.

Conclusion

The creation of Ethereum has pushed the blockchain industry to rapid development. A huge number of projects and a powerful platform run on ether, providing users with access to new technologies. You can exchange ETH to work with the network using SwapGate at the best market rate.

FAQ

What is Ethereum and the ETH cryptocurrency?
Ethereum is a decentralized blockchain platform that supports smart contracts, dApps and more.

What is gas used for?
Gas is most often used to pay for transactions on the Ethereum network and execute smart contracts. Gas is paid in ether.

What projects use gas?
Gas is used to pay for many projects in the Ethereum network, such as Uniswap, Aave, Decentraland, OpenSea and others.

How do I exchange ETH for the network?
On the SwapGate platform, you can exchange ETH in a few steps. The online crypto exchange offers the best exchange rates and conditions.

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Hey, guys! What do you pay attention to when choosing a crypto exchanger? We would be glad to know your opinion to make our service better!

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Swapgate's Got Russia on the Map!

Hey crypto crew! We've got some exciting news: Swapgate is now officially listed on "криптообменник-онлайн.рф," a top-rated Russian crypto monitoring service!
This means we're reaching even more traders in Russia, and that's huge for us! We're always looking to expand and make it easier for people to buy, sell, and trade crypto, and this listing puts us on the map for Russian users.

Keep an eye out for more updates as we continue to grow and make waves in the crypto world!

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Good new everyone!

Placed our banner on Bits Media!

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Some more good news, folks!

ChangeRella has listed our project! Come down to Swapgate.io to exchange your XMR. We have low commission and a vast variety of coins!

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Swapgate listed on BitsMedia monitoring! Make your anonymous exchange and leave the review!

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Our press release is published on Cointelegraph!🎉 🎉 🎉

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👮‍♂️AML and KYC - the most frightening words for exchange customers

Let's see what is it and how it works:
https://swapgate.io/blog/guide/aml-and-kyc-checks

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How to create your own memecoin?

Memecoins, being an actively growing market segment, are attracting more and more attention from crypto-enthusiasts every day. Traders and investors are interested in joke tokens not only because of the funny concept and viral potential, but also because of the growing attention. What makes the coins so popular, and how can you create your own memecoin that could become the next Dogecoin or Shiba Inu?

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Hardfork on the Cardano

Recently, the Cardano network underwent the Chang hardfork, which has impacted the system’s decentralization and marked the beginning of the Conway era. Thanks to these innovations, users can now have a say in decisions regarding system updates. In this article, we explore how the hardfork has affected Cardano and what to expect for the future of ADA.

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Announcement: SwapGate listing on Crypto.ru

The online exchanger SwapGate is featured on Crypto.ru – a premier service in the Russian segment that collects and analyzes hundreds of cryptocurrency organizations. Through partnerships and mutually beneficial collaborations, platforms expand their horizons in cryptocurrency information. The listing of SwapGate on Crypto.ru allows users to conveniently exchange any currency pair with just a few clicks.

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Announcement: Crypto Exchange SwapGate on BestChange

We frequently share news about new partnerships on our social media and blog. Today, we are excited to announce the integration of SwapGate on BestChange, an online aggregator of exchange platforms. Thanks to this partnership, users benefit from the best market rates for cryptocurrency exchanges. In this article, we will explain what BestChange is and highlight the advantages that SwapGate offers to its users.

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The Future of Hamster Kombat: Has the Hamster Lived Up to Its Name?

When Hamster Kombat was announced, many expected the game to become another successful project in the world of play-to-earn. However, after launching on the Bybit platform and other exchanges, significant disagreements arose.
According to news sources, the trading volume of Hamster Kombat on the pre-market exceeded 2 million USDT, but in practice, many investors started encountering issues. The future of Hamster Kombat became …

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