#NEW CRYPTO COINS TO WATCH SOFTWARE#

especially in light of the current downturn and the ever-present potential for a major crash (in crypto and the US economy, generally). Developments like President Joe Biden's desire to explore a digital US dollar to multimillion-dollar Super Bowl ads underscore a growing desire from powerful government and corporate institutions to quickly legitimize crypto in much the same way as stocks and bonds.īut it's worth considering whether cryptocurrency is a smart investment for you. bitcoin and ethereum are the two most widely known cryptocurrencies, but more than 18,000 tokens are traded under different names ( dogecoin is one famous example).ĭespite gyrating prices and a relative lack of regulation, cryptocurrency is seen by many as the next financial frontier. This is designed to make it more secure, in theory.

#NEW CRYPTO COINS TO WATCH SOFTWARE#

In simple terms, cryptocurrency is a digital token, ownership of which is recorded on a blockchain, a distributed software ledger that no one controls. Amid the seesawing prices and teetering sentiments, one thing hasn't changed: Cryptocurrency remains controversial, risky and wildly volatile. But investors see the world of digital coinage as a step forward, a kind of 'Money 2.0' that will democratize finance and power the metaverse. Critics have called bitcoin, stablecoins and NFTs simply a new digital version of an old con primed to swindle and scam. While crypto is starting to trend upward, volatile highs and lows are nothing new in the crypto markets - and skeptics have long characterized crypto as an empty bubble destined to burst. This story is part of Power Money Moves, CNET's coverage of smart money decisions for today's changing world.Īfter bullish highs in 2021, cryptocurrency dropped to pessimistic lows this year, tumbling into bear market territory which investors are dubbing another 'crypto winter.' The $2 trillion crypto market crash wiped out investor gains, cost thousands of people their jobs and obliterated once staple digital currencies, including the crypto token luna, which lost all of its value following stablecoin terraUSD's collapse in May.

New crypto coins to watch