CoinIRA Blog

Bitcoin Cash

What is Bitcoin Cash?

Many of our account holders ask about Bitcoin Cash (BCH), the affordable alternative to Bitcoin, so let’s dive in. To begin with, Bitcoin Cash (BCH) is quite a controversial player in the crypto arena. In August of 2017, this coin burst onto the scene due to a hard fork from the original Bitcoin blockchain.  A hard fork refers to an event where a new blockchain is created from an already existing one. This gives birth to a new blockchain, thus resulting in two different versions of the same cryptocurrency. One of those chains has a longer history, and the other is new with a much shorter history. This is how Bitcoin Cash was created. But it wasn’t easy for Bitcoin enthusiasts to accept the new crypto created from the hard fork.  It was met with plenty of drama and controversy. The split was partly driven by a desire to address some of the scalability issues of Bitcoin, such as slow transaction processing times and high fees. But others viewed it as a controversial upstart, with detractors claiming that it is a centralized version of Bitcoin that undermines the very principles of decentralization which cryptocurrencies were founded upon.  But regardless of where you stand on the issue, its creation has sparked debates about the role of hard forks in the crypto space.  For all you investors, let’s dig a little deeper into the potential of Bitcoin Cash.

Bitcoin and Bitcoin Cash: The Similarities

Bitcoin Cash works similarly to Bitcoin, as it is based on the same blockchain technology.  At its core, the blockchain operates as a decentralized database of transactional records on a network. Therefore, as long as everyone on the network agrees to abide by the blockchain's database, the transactions on the network can be verified and confirmed by any node or computer connected to that network. This eliminates the need for banks and intermediaries that often do the work of validating transactions. Like Bitcoin, Bitcoin Cash transactions are processed by miners, who use their computing power to validate transactions and add them to the blockchain. You can think of miners as nothing more than computers connected to the Bitcoin Cash network with the responsibility of validating and confirming transactions. Each miner on the network gets randomly picked to validate a block of transactions, and once the transactions are confirmed and validated, that miner receives rewards in the form of BCH coins. Apart from technical aspects such as block size which we’ll discuss in a moment, Bitcoin Cash still retains most of the characteristics of its parent blockchain. You can think of BCH as the cheaper version of Bitcoin. Like Bitcoin, it has a total supply of 21 million coins, but Bitcoin is the more widely adopted cryptocurrency and has a larger user base compared to Bitcoin Cash.  However, BCH also has a large and dedicated following and is traded on most crypto exchanges alongside Bitcoin.

Bitcoin and Bitcoin Cash: The Differences

In terms of popularity, Bitcoin (referred to as both XBT and BTC) is currently the most well-known and widely used cryptocurrency, with a market capitalization of $545 billion as of this writing, as compared to around $2.46 billion USD for Bitcoin Cash (BCH).  That’s a pretty significant difference. Moreover, many more businesses and merchants accept Bitcoin as a form of payment compared to BCH.  When it comes to Bitcoin Cash and Bitcoin, there's one key difference that sets them apart - the block size.  Bitcoin Cash boasts an impressive block size of 32MB, which allows for lightning-fast transaction processing times and lower fees. This is a stark contrast to Bitcoin's smaller block size of 1.39MB, which can lead to slower transaction times and higher fees. You might be wondering - why does block size matter? Well, a larger block size enables more transactions to be processed at once, which can help to reduce congestion in the network and keep fees low. This is especially important as cryptocurrencies become more widely adopted and the demand for faster, cheaper transactions increases.

Why Would Anyone Want to Invest in Bitcoin Cash?

Bitcoin Cash offers several benefits that may appeal to different types of crypto investors and traders, but its future is difficult to predict.  It depends on various factors such as adoption, technological advancements, regulatory developments and market trends. A key factor that could impact the future of Bitcoin Cash is adoption, one of the key drivers of the success of any cryptocurrency.  BCH’s larger block size allows for faster transaction processing times and lower fees, and this makes BCH a useful option for merchants and online shoppers who need to make quick and low-cost transactions. Bitcoin Cash is also decentralized and borderless, thus making it ideal for sending and receiving money from anywhere in the world without intermediaries.  There are ongoing debates in the cryptocurrency community about the scalability of BCH and its long-term viability.  However, if Bitcoin Cash developers can continue to improve its scalability, security, and user experience, it could potentially increase its adoption and value.   Keep in mind, though, that there are many other cryptocurrencies that aim to be a fast and low-cost payment system.  If one or more of them become more popular, it could limit the potential of Bitcoin Cash.  And of course, there is always the unknown “government regulation” to consider when investing for the long-term. If the government adopts favorable regulations for cryptocurrencies, it could potentially increase their adoption and value, and conversely, if regulations are strict, it could limit growth and adoption. If governments adopt favorable regulations for cryptocurrencies, it could potentially increase their adoption and value. Conversely, if governments adopt strict regulations, it could limit their growth and adoption.


So, there you have it. On the plus side, Bitcoin Cash’s use case is a good one. Its larger block size allows for faster transaction processing times and lower fees compared to Bitcoin, but adoption is unpredictable for the long term.  And it was created as a fork of Bitcoin; therefore, it boasts all the features that make Bitcoin secure and reliable. What’s more, at its current price, it is one of the more affordable coins in the crypto space.  However, while it has a dedicated following and offers some advantages over Bitcoin, it faces stiff competition and possible regulatory challenges.   These are all important factors to consider when weighing the risks of investing in Bitcoin v. Bitcoin Cash, but whether you choose one or both, Coin IRA is here to make the process of establishing and funding your free account as simple and efficient as possible.
Fractional Metals available at Coin IRA

The 9 Advantages of Buying Fractional Metals

Coin IRA Introduces New Flex Metals Program

In the latest addition to our self-trading platform, Coin IRA account holders can now trade whole or fractional amounts of pure gold, silver and platinum in their Cryptocurrency IRAs, the same way you currently trade whole or fractional amounts of cryptocurrency. So whether you have a Tax-Advantaged Traditional, Roth, or SEP IRA, or an Individual Non-IRA Trading Account, you can now easily own precious metals alongside your cryptocurrencies in the same digital asset account. You might be asking why you’d want to own fractional metals in your Digital Asset IRA.  Well, we can think of 9 great reasons:
  1.  Affordability: Buying fractional metals allows individuals to invest in precious metals at a lower cost than purchasing a full bar or coin, without having to open a separate Precious Metals IRA, saving the fees and costs involved.
  1. Diversification: Fractional metals can be used to diversify a portfolio, reducing overall risk by spreading investments across different assets.
  1. Instant Liquidity: When selling fractional metals purchased inside your digital trading account, credit to your available trading balance is immediate.  There’s no waiting, so you can use your proceeds immediately for another trade or request a distribution.
  1. Convenience:  Fractional metals purchased in your account are 100% allocated to your account and are stored at Brinks, Salt Lake City, for easy management and convenience. There's no waiting for delivery or for your proceeds when you liquidate.
  1. Flexibility:  You don’t have to purchase in whole ounces or the sizes and weights of available minted coins. You are buying fractional ownership of large bullion bars, the most inexpensive bullion product, and you can buy as little as $10 worth of gold, silver, or platinum.
  1. Hedge against Inflation: Precious metals have historically held their value during times of economic uncertainty and inflation, providing a hedge against potential financial losses.
  1. Tangible Asset:  Fractional metals are tangible assets that are physically stored on your behalf in the most secure domestic vaults, offering a level of security in uncertain times, and complementing your virtual assets.
  1. Tax Benefits: You can trade in and out of precious metals without creating a taxable event until you take a withdrawal or distribution; and even better, metals owned in a Roth IRA grow tax-free, even at the point of withdrawal.
  1. Delivery Options: When you are ready to take a withdrawal from your account, there is an option to convert your whole ounce ownership of fractional metals to a minted product such as a 1oz American Eagle for physical delivery at a low cost. This way, you aren't paying the extra cost of a minted product unless you eventually want one.
Account holders are telling us we've made trading metals fast and simple! For any additional questions you might have, call Coin IRA Customer Support at 866-924-5421 or email
Ripple XRP Cryptocurrency

SEC vs Ripple: XRP Update

Due to the filing of a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs, Inc. in December of 2020, US residents have been unable to trade XRP tokens since January 30, 2021. But where do things currently stand, and when will we see a final ruling or settlement in in this case that will hopefully release the SEC’s grip on XRP? And why does a recent ruling in another crypto case (SEC vs LBRY) gives hope to the XRP community?

Where It All Started

Ripple Labs, Inc. is a fintech/crypto company that was founded in 2012 (it was originally called OpenCoin). They created the XRP token which had grown substantially through the years, well, until the SEC sued them. In December 2020, the U.S. SEC filed a case against Ripple Labs, Inc., Christian Larsen (co-founder and former CEO of Ripple), and Brad Garlinghouse (current Ripple CEO) for the lack of investment contract and for not registering their sales and offers of XRP tokens. According to them, this is a violation of registration rules outlined in the Securities Act of 1933.  Needless to say, the suit gave rise to doubts as to the future of XRP when crypto exchanges in the U.S. stopped trading XRP tokens over a year ago. The SEC has claimed that Ripple raised over one billion dollars from the sale of XRP which was not registered as a security offer to investors. Ripple, however, said that XRP is not a security and should not be treated as an investment. Furthermore, Ripple said that the SEC never gave them “fair notice” that their XRP token sales violated securities laws.

Where Things Stand

As the case heats up, the SEC recently asked for a Summary Judgment ruling as to whether XRP should be classified as a security or a commodity.  In response, the judge could grant either side a win without a trial, or decide to narrow the issues that go before a jury.  And most recently, Ripple Labs Inc. said in court papers Friday, March 3, 2023, that a recent U.S. Supreme Court decision supports one of its key defenses in the SEC's case. Ripple's General Counsel Stuart Alderoty has expressed his belief that they will win the case based on his assertion that not one single element of the Supreme Court's Howey Test has been adequately met by the SEC. They’re also saying that XRP is not an investment because it doesn't give investors voting rights or ownership rights as others do. Ripple's CEO has also expressed optimism that there will be a resolution either by settlement or judgment in Ripple's favor in the first half of 2023.

SEC vs LBRY: New Hope for Ripple’s XRP Community

LBRY was created to develop an open-source ecosystem, a decentralized media-sharing system. In 2016, LBRY launched its native currency LBC which could be used via the LBRY blockchain to share content, reward creators, and pay miners who supported the network. In March of 2021, SEC filed a lawsuit against LBRY declaring that the blockchain company was selling and offering LBC in the form of unregistered securities, thereby violating federal securities laws. In November of 2022, the SEC was successful in a court case against LBRY in which the court summary judgment favored SEC's claim that LBRY provided LBC as a security. However, this February, 2023, in the latest decision on the SEC vs LBRY case, the judge decided that the sales of the LBC token on the secondary market are not categorized as securities - which means that LBC is a non-security. This judgment could work in favor of Ripple, as the XRP community has come out to say that the ruling meant that XRP was also a non-security.

Will XRP Pass the Howey Test?

The debate over whether XRP can be considered a security has been going on since the cryptocurrency was first introduced in 2012. Again, based on the Howey Test, which the SEC uses to determine if an investment is security, the primary question is whether or not the profits earned from investing were “derived from the efforts of others.” As we all know, it’s not easy to tell how profits are earned from digital currencies because of their decentralized nature. Unlike stocks, cryptocurrencies are not backed by institutional bodies. Therefore, trying to correctly categorize investments in cryptocurrencies such as XRP is really quite difficult. Right now, the question of whether XRP constitutes a security or not remains debatable. Until the court releases its final verdict, only then will we know if U.S. regulators legally recognize this currency as security.

Is XRP a Commodity or a Security?

The U.S. Southern District Court of New York will soon decide how cryptocurrencies are regulated in the future, and it’s verdict will settle once and for all whether XRP could be classed as a commodity or security. Remember, the U.S. SEC has stated that Ripple has raised more than one billion dollars through the sales of unregistered security offerings. In defense, Ripple has cited previous statements made by the SEC itself which suggest that XRP is not a suitable candidate to be treated as a security mainly because of its decentralized nature as compared to other cryptos like Bitcoin (BTC) and Ethereum (ETH). In the event that the trial against Ripple is ruled unfavorably, this could lead to huge fines being imposed on other digital assets and weaken the confidence of investors in the entire crypto industry. The court's decision will also set new guidelines for what constitutes legally defined virtual assets and securities in the United States.

How Will the Verdict Affect the Crypto Market?

The lawsuit will likely be decided in 2023, but regardless of the outcome, it could create serious precedents for other cryptocurrencies too. If Ripple were to be found guilty, it could effectively make many investments in XRP unenforceable. Worse, this could also trigger more lawsuits against notable cryptocurrency-related businesses or products that could have carried out similar activities as those that are being alleged to Ripple. The SEC wants to regulate the crypto industry, so winning the court decision against Ripple could potentially start the ball rolling.  Ripple and its executives would also likely face a hefty fine. However, if Ripple wins, it will solidify XRP's legality in the US market and probably increase its price. The final outcome of this decision will either be encouraging or discouraging for the future of cryptocurrency investors. Whatever way the events develop, there is one thing that is certain: this ruling will result in significant changes across all areas of the cryptocurrency world. XRP was offered by Coin IRA prior to the SEC’s lawsuit against Ripple, and XRP is still on the Coin IRA Digital Asset Self-Trading Platform, but trading is inactive right now. If Ripple wins the case, trading will hopefully be reactivated on the platform, allowing our account holders to once again trade XRP.  If you are an XRP fan and want to be in a position to act quickly in the event the suspension is lifted, our suggestion is to keep a close eye on the news updates surrounding the case and make sure you keep an available balance for trading in your account as mid-2023 gets closer, so you are ready to pull the trigger if and when a favorable decision is made, and trading is restored. So, let’s cross our fingers, not only for the XRP community but also for the entire crypto industry. To learn more about Crypto IRAs, visit or speak with an expert at 888-998-COIN.
Crypto Scams

Scam Prevention Tips

Let’s be honest, scammers are constantly looking for ways to steal your money and cryptocurrency. With the recent rise in cryptocurrency investing, opportunities for online fraud and theft have increased as well. Surveys show that crypto scammers stole a total of $14 billion in 2021, almost doubling the amount stolen from the year before. Experts predict these statistics will only worsen moving forward unless users take active steps to protect their information and accounts online. Coin IRA is fully committed to safeguarding the security and privacy not only of our account holders but of cryptocurrency investors everywhere. We believe raising awareness of the common scams is the best defense against fraudsters and hackers. The following information outlines some of the top scams to watch out for and tips to avoid falling victim to these scams.

Fabricated Websites and Apps of Legitimate Companies

Fraudsters have been known to duplicate legitimate websites or applications to trick innocent investors into using their platforms. Fortunately, there are some simple signs that can help point out a fake website or app. For instance, fake cryptocurrency trading websites and downloadable apps might use a URL that closely resembles the legitimate one. This makes it easier for innocent users to mistake the fake website or app for the real one. Keep an eye out for inconsistencies such as misspellings in the website’s domain name and for spelling or grammatical errors on the site. Taking a minute to verify the URL for accuracy could prevent you from becoming the victim of a scam. And finally, when in doubt, use the domain lookup tool, Always pay attention to the address bar, and be extra cautious about entering your personal information into a site beginning with http instead of https.  The “s” indicates that the website uses a security protocol that protects your data while it is in transit between your computer and the website you are visiting.  And make sure the contact information on any site asking you to send money or cryptocurrency is reliable. Be especially suspicious of apps that are not downloaded from the Apple or Google Play stores but instead are downloadable links sent to you via social media apps such as LinkedIn and Facebook.  Scammers may target you using something you have in common as an icebreaker, and eventually befriend you, building your trust and then drawing you in with promises of huge returns.  If it sounds too good to be true, be wary of engaging with that person and do not download the app. There are entire websites devoted to identifying fraud, such as, which contain invaluable free information on protecting yourself.  It is well worth your time to put their recommendations into practice.

Phishing Scams

Phishing scams are often used to trick you into giving up vital personal and financial details, such as your Social Security number, account number, or login details. Scammers who are phishing will send you fabricated emails or text messages containing deceitful messages or updates. For instance, they may send you an email informing you about an issue with your account and ask you to click on a link to enter and reconfirm your login details. Clicking on the link will send you to a fake website where the scammer can then proceed to steal your information without you even knowing. There’s another variation of phishing called smishing that you need to watch out for. Smishing scams or SMS phishing are conducted through text messages and contain the same dishonest intent as phishing scams. To spot a phishing or smishing scam, you should watch out for the following warning signs:
  • Text or email contains misspellings.
  • Text or email has grammatical errors.
  • Text or email makes unrealistic promises of substantial returns on your investment.
  • Text or email creates a false sense of urgency in the user.
  • Text or email requires you to disclose sensitive information, such as birth dates, passwords, and user IDs.
  • Text or email threatens you with negative consequences.
  • Text or email is demanding or nagging.
If you receive a suspicious text message or email, here are some precautions to consider:
  • Confirm that the message is trustworthy by running it through a URL scanner such as Norton Safe Web or Google Transparency Report
  • Avoid immediately responding to the suspicious text message or email.
  • Don’t click on any attachment links or documents.
  • Avoid disclosing sensitive information in emails, like your Social Security Number, login credentials, and banking information.
  • Avoid calling any numbers contained in a suspected phish.
  • Examine the sender’s email address for subtle differences in the spelling (i.e., vs.

Upgrade Scams

Most people have grown accustomed to applications and software that need constant updates to fix vulnerabilities and flaws. As cryptocurrency platforms are also a type of software, people easily get tricked into thinking that they also need updates. Scammers can plant deceitful upgrade notifications in your email and social media inboxes. During this “upgrade,” they trick you into giving up your private keys and other account information.  Before falling victim to this type of scam, call the company who you believe sent it to verify it was real.

Social Media and Romance Scams

Scammers attack vulnerable victims anytime and anywhere they find opportunity, even on dating apps like Tinder and Bumble. Scams conducted on these platforms are often referred to as “romance scams.”  Often these scams are strictly online and long-distance. The scammer tries to win over the trust and affection of the victim. They’ll have a very convincing story or too-good-to-be-true opportunity enticing the victim to send money or cryptocurrency and disappearing when it’s time for you to withdraw your funds. Some even just pose as a person with whom you might bond over a common interest, background, or ethnicity. Some may have a money laundering scheme using cryptocurrency they’ll pull you into. Listen to your intuition. If it sounds too good to be true, you’ve never met the person, can’t verify they don’t live in the U.S., and you can’t verify what they’re telling you through a reliable source, proceed with extreme caution or not at all. Fortunately, users aren’t completely defenseless against cryptocurrency scams.

How to Avoid Becoming the Victim of Fraud

Use Multi-Factor Authentication in Your Accounts

Multi-factor authentication (MFA) is a verification method that asks a user to provide two or more verification factors to access a particular resource like an application, trading platform, online account, or VPN. Using MFA decreases the likelihood of scammers accessing your account.  (All Coin IRA accountholders are required to use multi-factor authentication.)

Regularly Change Passwords

Most people use a single password or slight variation thereof for every account they have. This makes it easy for scammers and cybercriminals to guess your passwords. Cybersecurity experts from McAfee recommend changing your passwords once every three months. If you find that your account has been hacked or is part of a data breach, change your password immediately.

Don’t Respond to Requests Asking You to Send Cryptocurrency

If you receive an email, a phone call, or a text with a link to download an app to your phone or computer that requires you to send Bitcoin or any other crypto to fund your account, don’t respond, and definitely do not send any cryptocurrency or money. Before sending money or crypto to anyone online, confirm that you know the person you’re sending it to. If you send cryptocurrency to the wrong wallet or to a scammer’s wallet, there’s no way for you to retrieve your crypto unless the other person sends it back to you. Double-check the recipient’s information before you hit send. For your information, all Coin IRA accounts must be funded with US dollars, not cryptocurrency, and we have two secure websites you can trust. Our main site is and  If you receive a link to a site similar to one of these but not exactly the same, report it immediately to our customer support team at

Don’t Share Your Trading Platform Details

If you call Coin IRA regarding information about your account, we will text a six-digit verification code to your cell phone to verify your identity. You never have to provide us with any other information – not your email address, password, phone number or account number. If someone purporting to be an employee of Coin IRA calls you asking for any of your login details, don’t respond.  Report the call to our Customer Support Team via The easiest way to record suspicious calls or fraudulent text messages, emails, or websites that appear to be from Coin IRA is to take a screenshot and email it to Coin IRA Customer Support.

Report Cryptocurrency Scams

If you’ve been a victim of a cryptocurrency scam, you can report the incident to the following authorities: Coin IRA strives to protect all our users from malicious online scams and theft. If you believe you may have responded to a fraudulent text or email and disclosed personal or account-related information, change your trading account details immediately. After you’ve changed your account details, contact us immediately at 888-998-COIN or 866-924-5421.

The Story Behind the Fall of FTX

The match that lit the fire leading to the fall of FTX was a November 2nd scoop by CoinDesk revealing that Alameda Research, a quantitative cryptocurrency trading firm run by Sam Bankman-Fried, the founder and now former CEO of FTX, was experiencing a solvency crisis, which led to a collapse in FTX's native cryptocurrency, FTT.  FTX held a position worth $5 billion in FTT, the native token of FTX. Alameda's investment foundation was also in FTT, the token that its sister company had invented, not in fiat currency or another cryptocurrency. That prompted concern across the cryptocurrency industry regarding Bankman-Fried's companies' undisclosed leverage and solvency.

What Happened?

Following the aftermath of the FTT sell-off, FTT’s value plunged over 80%. That is an unprecedented drop, valued at more than $2 billion, and it sent shockwaves through the crypto world. The ripple effect of this event is being felt across the industry and is likely the sole factor behind the recent decline in cryptocurrencies. Some experts believe that although the depths of the quake caused by FTX will shake even the strongest believers in crypto, it is the wake-up call needed to force exchanges into a more transparent proof-of-reserves balance sheet model, which may be exactly what is needed to ensure the operational integrity of exchanges going forward.

Contributing Factors

But what is at the heart of all the drama? What began as finger-pointing and blame-shifting soon turned much more sinister. It’s been revealed that Bankman-Fried used his customers’ funds from FTX to prop up his failing empire. And when the truth came out, chaos ensued. When the news broke, Changpeng Zhao, the CEO of popular crypto exchange Binance, publicly announced that his company was selling off all of its holdings in FTT. The reason?  Zhao claimed to have inside knowledge that Bankman-Fried was misusing company funds. Zhao also briefly considered bailing out FTX, but after a cursory review of its financials, Binance backed out. Following this revelation, FTX suffered a staggering influx of customers and investors withdrawing their funds from the company. Bankman-Fried attempted to dissuade his customers by assuring them that their money was safe and that FTX was not in any financial trouble, but his words fell on deaf ears. The withdrawals continued, and the value of FTT crashed as a result. The domino effect took hold, and the rest, as they say, is history.

The Aftermath

It’s not an understatement to say investors are furious FTX filed for Chapter 11 Bankruptcy in the US on November 11th, and it’s now a race to try and recover at least some of what was lost. Add to that, it’s looking like FTX was hacked by a high-level insider to the tune of $600 million, who had access to the customers cold storage wallets.  The thief made a fatal error in transferring the crypto revealing his identity, which is now known by an analyst at the Kraken exchange.  With that knowledge, hopefully some of the stolen crypto can be recovered to help compensate the victims of the crash. It’s still too early to tell how this will all shake out. But one thing is certain: FTX is in hot water, and Sam Bankman-Fried is under investigation. The road to recovery will be long and difficult for FTX. After the resignation of Bankman-Fried, new FTX CEO, John J. Ray III, who also stepped in to clean up after the Enron financial scandal, issued a scathing assessment of "unprecedented" poor management practices by his predecessor, Sam Bankman-Fried, in a series of filings in a Delaware court. "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," Ray said in a court document filed on Thursday. "From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented." It’s important to note that Bankman-Fried hasn’t been officially charged and remains innocent. If proven guilty, however, he could face a lengthy prison term and fines.

The Bottom Line

So, what does all this turmoil mean? Sources say that FTX is officially insolvent. If that’s the case, it would mean that the company is unable to pay its debts, and the crypto community will be watching closely to see how this all plays out.

The Future of Bitcoin and Crypto

Until the extent of the collateral damage to the industry flushes out, cryptos could continue to experience volatility and downward pressure. Since the FTX crash, Bitcoin has been rangebound between $17,500 and $15,800, and Ethereum between $1,100 and $1,295, but while the faint of heart are exiting the market, the hodlers and believers are snatching up the bargains. No doubt about it, the crypto world has been dealt a major blow. The market hasn’t seen this kind of turmoil in some time, and it’s sure to have a continued ripple effect throughout the industry. One thing is certain: the events of the past few weeks have shaken things up, and it’s going to take some time for the dust to settle. Investors are understandably upset and are calling for investigations. It will be interesting to see what other news bubbles to the surface as more information becomes available. In the meantime, what can you do to protect yourself? The best way to protect yourself is to diversify your portfolio, and stay armed with the latest information.  That will help you be better prepared to weather any sudden market shifts.    

What are Stablecoins?

One of our goals at Coin IRA is to provide continuing education for customers regarding all the advantages a Cryptocurrency IRA can offer, and one of those is stablecoins.

Why would I want to own Stablecoins?

Stablecoins can play an important role in your crypto portfolio, because their value will remain relatively stable compared to other cryptocurrencies.  Stablecoins are digital assets that are pegged to a fiat currency or other asset. There are several different types of stablecoins, but the most common ones are pegged to a fiat currency like the US dollar. This means that each stablecoin is worth one US dollar. Other types are pegged to assets like gold or oil. The main advantage of stablecoins is that they can be used to store value in a way that is less volatile than traditional cryptocurrencies like Bitcoin. For example, if you’re holding Bitcoin and the price of Bitcoin falls by 10%, then your investment is also worth 10% less. However, if you’re holding a stablecoin pegged to the US dollar, then the value of your investment will remain the same even if the price of Bitcoin falls. There are several different projects working on stablecoins, but the most popular one is Tether. Tether is a cryptocurrency that’s pegged to the US dollar. Each Tether is worth one US dollar, and the value of Tether doesn’t fluctuate very much. Tether is currently the most popular stablecoin, but there are several others that offer similar benefits. Some of the other popular and most trusted stablecoins include USD Coin, Binance USD, and Paxos Standard. If you’re looking for a way to store value in a cryptocurrency that is less volatile than Bitcoin, then stablecoins are a good option.

How do Stablecoins Work?

The key to stablecoins is stability. To achieve this stability, stablecoins use a variety of mechanisms. Some use collateralized debt obligations, while others use a basket of currencies or even real assets. It’s important to note that how a stablecoin is backed can affect its level of risk. For example, a stablecoin backed by a single asset, such as the US dollar, is less risky than a stablecoin backed by a basket of assets. When it comes to stability, there are primary main kinds of stablecoins. One is centralized, and the other is decentralized. A centralized stablecoin is that which is backed by a single entity, such as a government or a company. A decentralized stablecoin, on the other hand, is backed by a network of computers, which makes it more resistant to price fluctuations.

What are Stablecoins Used For?

Stablecoins are often used as a way to store value or as a hedge against volatility. For example, if you’re worried about the price of Bitcoin crashing, you could convert your Bitcoin into a stablecoin. This would allow you to hold onto your money without having to worry about the price fluctuating. Stablecoins can also be used to make purchases. For instance, if you wanted to buy a cup of coffee with Bitcoin, but the price of Bitcoin was fluctuating too much, you could convert your Bitcoin into a stablecoin, make the purchase, and then convert the stablecoin back into Bitcoin. This stability makes stablecoins an attractive option for businesses and individuals who want to avoid the volatility of the cryptocurrency markets.

What are Their Purpose and Function?

The purpose of a stablecoin is to provide a digital currency that is stable in price. As noted, this stability is achieved by pegging the stablecoin’s value to another asset, such as the US dollar or gold. The function of a stablecoin is to act as a digital currency that can be used to purchase goods and services or to store value. Because they are pegged to an asset, stablecoins typically do not fluctuate in price as much as other cryptocurrencies.

Examples of Stablecoins

The stablecoin market has exploded in recent years, with dozens of different projects launching their own version of a digital currency pegged to the US dollar or other assets. Some of the most popular offerings include: Tether: Tether is perhaps the best-known stablecoin. It’s pegged to the US dollar. USD Coin: USDC is a US dollar-backed stablecoin issued by Circle and Coinbase. Gemini Dollar: The Gemini dollar is another US dollar-backed stablecoin and is issued by the Winklevoss twins. Paxos Standard: Paxos Standard is also pegged to the US dollar and is one of the newer offerings on the market. TrueUSD: TrueUSD is another popular stablecoin backed by the US dollar. It’s also one of the most liquid stablecoins, with a large number of exchanges listing it. Binance USD: Binance USD is a stablecoin pegged to the US dollar that is issued by the well-known cryptocurrency exchange Binance. Origin Dollar: Origin Dollar is a newer stablecoin that has a basket of assets as its backing, including the US dollar, gold, and Ethereum. As you can see, there are many different stablecoins on the market that are pegged to different assets. Some are even backed by multiple assets, which can help to further stabilize the price.

Why Add a Stablecoin to Your Crypto Investment Portfolio?

If you’re like most people, when you think of investing in cryptocurrency, you probably think of Bitcoin. But there are actually many different types of cryptocurrencies, and each offers its own set of benefits and risks. With stablecoins, many of the risks that come with investing in cryptocurrency are greatly reduced. As a result, stablecoins are becoming an increasingly popular investment option for those looking to get involved in the cryptocurrency market.  We’re pleased to announce that we’ve added USD Coin to our current offering of 20 different coins for your IRA, which may add greater stability for your investment. If you’re interested in adding cryptocurrency to your investment portfolio, we invite you to contact Coin IRA today at 88-998-COIN to learn more about how we can help you invest in this exciting new asset class in your Crypto IRA or individual trading account.

Amazing! Perfect! Fantastic! Successful Ethereum Merge Activated

Read What Happened as 41,000 Watched

Well, it happened!  The Ethereum Merge has happened, and it was a seamless, complete success, much to the relief of the entire Ethereum development team. On a live feed watched by 41,000 people on YouTube, over 100 members of the Ethereum team and Ethereum’s co-founder, Vitalik Buterin, held their collective breath as they watched the network transition from the final Proof of Work block and the words “POS Activated” flashed across the screen, flanked by two symbolic Pandas, signaling the transition to Proof of Stake was complete. Cheers erupted as the live audience watched the merge occur without a hiccup, the culmination of 4 years of work, and 3 years of discussion prior to that. As block after block on the visualizer on screen was completed without interruption, the new Proof of Stake model marched to the completion of its second step, which one Ethereum team member called “Amazing, perfect, fantastic!” It was an incredible accomplishment, considering that the live transition has been described by Justin Drake, a researcher at the Ethereum Foundation, as “… switching out an engine from a running car.” In the subsequent 15 minutes, all appeared to be going according to plan as the team continued to intently watch, and a collective sigh of relief could be felt after several members of the team described the result as “optimal” and agreed it was all they could have hoped for. One developer excitedly stated that a 99.98% power reduction would result from the new Proof of Stake model, promising massive environmental benefits. Buterin came on screen and commented on the live feed, “This is the first step in Ethereum’s big journey toward being a very mature system … we all just need to work hard and do our part to make all of those other things happen.  To me the merge just symbolizes probably the difference between early-stage Ethereum and the Ethereum we always wanted early-stage Ethereum to become.” Ethereum now enters a new age of development, making it the world’s second biggest blockchain, and even more secure and sustainable. If you're "crypto-curious", we'd love to help.  Visit our website or call at 888-998-COIN to learn more!

The Impact of the Ethereum Merge

Ethereum (ETH) is the second largest cryptocurrency on the market, surpassed in market capitalization only by Bitcoin (BTC), the coin that started it all. Lately, however, Ethereum is the one making the headlines, thanks to the infamous Ethereum merge.  The merge is regarded as the biggest crypto event to this date, because it’s going to shift Ethereum from its current blockchain architecture to a much more energy-efficient operational mechanism. This huge change might be a great potential investment opportunity for people looking to profit from holding ETH. The final hurdle has finally been cleared, and the date for this long-awaited event is currently scheduled for September 15th or 16th. Realizing that does not seem definitive, let’s briefly review the reason why, while trying not to get too technical. To put it as simply as possible, developers determined when the Total Terminal Difficulty (TTD) they set is reached, the last proof-of-work block will be mined, and all future blocks will be produced with proof-of-stake. At the current mining rate, estimates are that the TTD will be reached on September 15th or 16th, and possibly sooner if the mining rate speeds up, or possibly later if the mining rate slows down. Let’s take a closer look at the Ethereum merge, and how it might impact the price of Ethereum.

What Does the Ethereum Merge Mean?

The Ethereum merge, or Ethereum 2.0, has shaken up the crypto world because it signals a shift in Ethereum’s blockchain architecture. Namely, the Ethereum network will change its Proof-of-Work (PoW) consensus mechanism to a completely different mechanism called Proof-of-Stake (PoS). On the day it happens, the Ethereum blockchain’s main chain, known as the Ethereum Mainnet, will merge with the Ethereum Beacon chain and effectively shift Ethereum into a new operational era. The new mechanism will use validator nodes with staked ETH to approve transactions on the Ethereum blockchain. Anyone will be able to become a validator as long as they deposit 32 ETH to start running a node. In the last couple of years, the price of Ether has been fluctuating between 1,500 and 2,500 USD per coin, according to CoinMarketCap, which means that depositing 32 ETH is a considerable amount of money. No one would want to risk losing their 32 ETH by validating a fraudulent transaction, which means that the network can rely on validating nodes for its security.

How the Merge Will Impact the Environment

The Ethereum merge is expected to lower Ethereum energy consumption by 99.9%. Currently, Ethereum and Bitcoin are the largest polluters on the crypto market, because both currencies use the highly energy-consuming PoW consensus mechanism. Instead of heavy mining hardware that consumes enormous amounts of electricity to process the network traffic, with the PoS blockchain mechanism, only network nodes will do the heavy lifting, eliminating the miners altogether.

How the Merge Will Influence the Price of ETH

The merge is a complex technical procedure that involves a lot of computational work on upgrading the Ethereum blockchain. Here’s how the merge might influence the price of ETH.

The Ethereum Development Roadmap

A key factor that influences the price of Ethereum is the project’s development roadmap, a plan that outlines the future development of Ethereum and its short-term and long-term goals. A crypto project’s roadmap can attract a huge number of investors and developers if the core development team manages to deliver on their promises. In the case of Ethereum, Vitalik Buterin, the network’s founder, and his team have updated the network numerous times during the years. As a result, investors feel they can trust the Ethereum ecosystem, knowing there’s an experienced team behind the project with a clear idea about its future development. Ethereum aims to become a super-fast and scalable blockchain network with a high transaction per second capacity and the ability to accommodate tens of thousands of decentralized apps. The merge is just one of Ethereum’s development phases, and judging by the hype surrounding the ETH roadmap, it could result in a price boost.

Technical Consequences

The merge will have huge technical consequences on the way Ethereum works. The whole network will shift to a more efficient operational mechanism, which adds more reliability and stability to the network. This basically means that the Ethereum blockchain will gain more operational quality, which will attract more users, developers, and investors. With an influx of new users, the network’s value will grow over time. A high amount of network traffic and a variety of new projects being developed on the Ethereum blockchain will certainly result in a higher market capitalization for ETH overall. Thus, the merge will give Ethereum a competitive edge over other, smaller crypto projects that also use a similar PoS mechanism, because Ethereum simply has a much larger ecosystem and user base.

Media Coverage

The Ethereum Merge is considered the biggest event ever in the crypto world, and numerous mainstream media outlets are carefully covering the event. The largest players on the media scene such as Fortune, Bloomberg, and the New York Times, are all covering the merge with regular updates about the event. Media coverage (both good and bad press) can considerably affect the value of crypto projects by playing on the public sentiment regarding a specific crypto. So far, the merge is covered with a mixed tone, giving space to both merge enthusiasts who think it’s the best thing that can happen to ETH, and to critics who state that the merge might bring more harm than good. The merge critics fear that the Ethereum network will become heavily centralized if a small number of large-scale investors get to control most of the validator nodes, while merge advocates state that the network is safe from such a scenario. The direction in which the media coverage of the merge will go after the event might contribute to the rise or fall of Ethereum’s price.

The Crypto Community

Last but not least, the crypto community is another factor that can contribute to the price change of ETH after the merge. The community is currently divided between merge enthusiasts and opponents. However, only time will tell who was really right and whose position will prevail in the crypto market. If the merge goes as planned, the merge enthusiasts will probably give a price boost to Ethereum 2.0, but if the merge opponents end up being right, Ethereum might see a downwards price pressure, as well as a boost in the price of Ethereum Classic (ETC).

Ethereum Merge Price Prediction

The price impact of the Ethereum merge is the most important aspect for traders and investors who want to include Ethereum in their Crypto IRAs. The crypto market is known to have a bear market phase where prices considerably drop, as opposed to positive, bull market cycles. However, this doesn’t mean that the price of cryptos such as Ethereum won’t recover. In fact, considering the Ethereum merge news, ETH is probably going to witness new highs during the next bull market cycle. Currently, the ETH merge might provide a price boost to Ethereum, but the real price increase will happen after the current bear market. It’s best to pay attention to Ethereum’s CoinMarketCap page, and closely follow the ETH price action after the merge. As far as Ethereum Classic (ETC) is concerned, the price of ETC might also increase if the current Ethereum miners shift to mining ETC after the merge.

A Few Ending Words…

Ethereum is going through an important development period with the upcoming merge event, which will have a huge impact on the future of ETH and its price. Hopefully, this guide will help you decide whether investing in Ethereum in your Crypto IRA is suitable for you. If you wish to learn more about Crypto IRAs and their benefits, don’t hesitate to contact Coin IRA to speak with an expert who can answer all your questions.

Top Cryptos for IRA Investment

Bitcoin v. Ethereum or Both

The cryptocurrency market has been rapidly growing since the launch of Bitcoin as the first digital currency back in 2009. And even though there are more than 20,000 active crypto projects on the market, according to CoinMarketCap, a huge portion of the total market capitalization goes to Bitcoin (BTC) and Ethereum (ETH), the two undisputed market leaders. Bitcoin is often called “digital gold,” while Ethereum is considered the main altcoin on the market thanks to its firmly established position, second only to BTC. Let’s have a closer look at these two leading cryptos and find out all the details you need to know about them before deciding whether to invest in a BTC or ETH in your IRA.

Bitcoin (BTC)

Bitcoin was the first digital currency in the world. The project was launched back in 2009 by an anonymous developer only known by the pseudonym, Satoshi Nakamoto. Nakamoto first published the Bitcoin whitepaper, where the fundamentals of Bitcoin were laid out -- a peer-to-peer, electronic cash system that allows users to conduct transactions between users with virtual blockchain-based addresses. The idea of virtual cash transactions was so innovative at the time that many financial experts were skeptical regarding Bitcoin’s security, and many people struggled to wrap their minds around the concept. However, with a simple understanding of the blockchain mechanism behind Bitcoin, users quickly started to embrace Bitcoin when they realized how safe it was to conduct BTC transactions. Bitcoin uses a Proof-of-Work (PoW) blockchain mechanism, which relies on independent BTC miners and their powerful computers to check transactions, approve network traffic, and create new blocks on the BTC blockchain. Transactions are visible on the immutable blockchain within minutes, providing proof that the transaction is complete.

Ethereum (ETH)

Ethereum is the second-largest cryptocurrency both by trading volume and market capitalization. The Ethereum project was launched in 2015 by a team of dedicated crypto enthusiasts led by a programmer named Vitalik Buterin. At the time of Ethereum’s launch, existing altcoins such as Litecoin (LTC) were mostly copies of Bitcoin, also used as digital cash, but with some updates and occasional improvements.  Ethereum was a totally different story, because it wasn’t primarily designed as digital money, although it certainly deserves its status as an investment asset.  The success of Ethereum is based in the fact that it is responsible for the creation of smart contracts, which power some of the most important crypto initiatives to date, such as non-fungible tokens (NFTs), decentralized finance (DeFi), and decentralized apps (dApps). In addition, Ethereum provides individuals and developers with a blockchain-based framework for launching decentralized applications (dApps), platforms, and crypto projects, without the need for using computing solutions developed by big data companies.  By using Ethereum’s open-source, native programming language, Solidity,  users can create any type of online platform while hosting it on the blockchain in a decentralized manner.

Key Characteristics of Bitcoin

Digital Cash Transactions

Bitcoin was mainly designed to serve as a digital currency for virtual cash transactions between users across the BTC blockchain. Bitcoin transactions, which are secured with PoW blockchain mechanics, make it virtually impossible for someone to hack your transaction. All you need is a crypto wallet, and you’re ready to send BTC to other Bitcoin addresses and receive BTC from an exchange or other BTC wallet holder.

Store of Value

Bitcoin is a great store of value thanks to its high value per coin and its leading market position. BTC is a highly volatile asset, just like any other digital currency, but with BTC, you can rest assured that it isn’t going to crumble and crash like some lesser-known altcoins. Bitcoin has a history of huge price swings, but thus far, each market cycle reaches a higher low than the previous market cycle’s low. This means that overall, BTC is trending up, even when the price consolidates and retracts for a couple of weeks or months.

Widespread Adoption

Bitcoin is the most widely accepted digital currency in the world. Crypto is still far from full adoption, but the number of businesses, industries, and financial institutions that use or accept Bitcoin is constantly on the rise, which contributes to it value. With its limited supply and increasing demand, Bitcoin’s widespread adoption is another key advantage it has over existing altcoins.

Key Characteristics of Ethereum

Smart Contracts

Ethereum has introduced a revolutionary concept to the world of crypto called smart contracts. A smart contract is a self-executing piece of programming code designed to automate procedures within online apps and platforms. With the help of smart contracts, developers can create fully automated platforms that would usually require human supervision and extensive maintenance. These contracts are a key component of decentralized apps.

Decentralized Apps

Smart contracts are the building blocks of decentralized apps. Instead of using programming resources developed by large, centralized companies, Ethereum introduced the possibility of designing dApps, which are hosted on the ETH blockchain and fully controlled by developers and the crypto community. DApps have numerous use cases and have become a must-have for all contemporary blockchains. The decentralized finance (DeFi) industry, NFT markets, decentralized crypto exchanges, crypto social apps, and gaming platforms are all using dApps and ETH smart contracts.

Ethereum Tokens

Ethereum also enables developers to launch their own digital currencies on the ETH blockchain. There’s no need to launch separate blockchains, as this requires a lot of funds and programming resources. With ETH, users can create their own crypto tokens according to the ERC-20 token standard for launching cryptos. Also, ETH was the first blockchain to introduce non-fungible tokens (NFTs) on the market with their ERC-721 token standard, and we are constantly hearing about NFTs and their unique uses in the news.

Similarities and Differences

  • Both BTC and ETH run on Proof-of-Work blockchains, but Ethereum is transitioning toward a Proof-of-Stake blockchain architecture, making it far more efficient than BTC in terms of transaction volume and processing time.
  • Bitcoin transactions take between 5 and 10 minutes, while ETH transfers usually take up to 5 minutes.
  • Bitcoin has a much larger market cap and price per coin than ETH.
  • Bitcoin is great for crypto payments since thousands of merchants and businesses worldwide already accept BTC payments.
  • Ethereum is more than just digital cash because it’s used as a blockchain development platform, adding more value to ETH. It is Ethereum’s “utility” that has launched it into the #2 spot.
  • Both digital currencies represent a more reliable investment than other altcoins.

BTC and ETH Price

Both BTC and ETH are known for their drastic price fluctuations. BTC started out in 2009 with a value of about a fraction of a US dollar and gradually reached an all-time high of nearly 70,000 USD per coin in late 2021. BTC has since gone through a market correction and dropped down to 20,000 USD, which is still much more than the price bottom of its previous market cycle. Ethereum also started out with a value of less than 1 USD and built its way up to an all-time high of more than 4,500 USD, but since then went through a market correction down to a value closer to 1,600 USD per coin. One of our favorite sites to track the price of both BTC and ETH is through, but there are others like CoinMarketCap.

A Few Ending Words…

Knowing the basics about BTC and ETH can help you decide whether you should invest your IRA funds into Bitcoin or Ethereum or maybe both. With a self-directed IRA, it's all up to you. If you want to learn more about why you should open a Crypto IRA, the tax benefits, and how your retirement plan can benefit, let Coin IRA, offering Cryptocurrency IRAs since 2017, show you how it works. Visit to chat with an IRA expert today, or call us at 888-998-COIN.

Best Cryptocurrency to Invest In

It’s been a wild spring for all investors caught by the bearish storm on the crypto market. At least, this downturn inspired a renewed awareness of the cryptocurrency realm and taught us a valuable lesson — only the strongest survive the storm. As it stands already, cryptocurrencies will bounce back sooner than expected, but not all of them. Dubious ventures, pumped market caps, and over-enthusiastic projects will probably never recover from this crisis. At the same time, those who overcome the storm will emerge stronger than ever. But, how can we be sure about this? We can’t. When it comes to the future of cryptocurrency, we can’t be sure about anything. That’s the charm of the fast-changing blockchain game. Nobody could even imagine that Bitcoin would hit $68,000 in November 2021, just as nobody could predict the painful collapse of the top-performing Terra (LUNA). However, based on recent events, we can rely on the universal factor of resilience, something that we blindly neglected while putting trust in every new blockchain project. Interestingly enough, at this point, resilience seems to be the deciding factor when choosing the best options for crypto investments.

What to Consider When Choosing a Cryptocurrency

If the background story of a certain crypto feels unjustified or too good to be true, you should immediately remove it from the list of possible investments. At the same time, you must know your personal purpose for entering the cryptocurrency arena since different types of crypto attract different user styles. In general, crypto assets have achieved the greatest success in the role of a store of value. Yet, there is a growing DeFi world that offers a myriad of trading opportunities and colorful NFT collections on ultimately decentralized platforms. They throw out new crypto tokens every minute, only a few of which live long enough to see the light of day. Also, you can find plenty of sophisticated platforms for trading crypto derivatives and CFDs on high margins. However, if you don’t see yourself as a day trader reading Bollinger Bands with your morning coffee, you don’t need a crypto that serves only as a dynamic speculative asset. Instead, focus on mainstream cryptocurrencies whose value we expect to flourish and stabilize in the years to come.

What Are the Best Cryptocurrencies to Invest In?

Even if we know in what direction we’re moving on our crypto path, it can be tough to narrow down the list of most promising investments because of the coin diversity. Based on their proven track record and other market signals, we singled out the following cryptocurrencies as the best “investment deals.''

Bitcoin (BTC)

Bitcoin has earned the highest credibility stamp for being the first cryptocurrency that heralded the development of decentralized finance. It was introduced back in 2009 when a pseudonymous developer, Satoshi Nakamoto, published a white paper explaining the principles of a trustless cash system where users can interact financially in a peer-to-peer (P2P) manner. Interestingly, despite the revolutionary narrative, nobody seemed to be interested in intangible money at the beginning. Bitcoin itself was making a way to public recognition, opening room for a $3-trillion-worth industry. However, Bitcoin went a rocky road fixing its teething pains — it faced cyber attacks, dark market scandals, and sharp price ups and downs, only to become a cultural phenomenon in less than a decade after its inception. Today you can buy, sell, and trade Bitcoin in a rather regulated landscape. Its price hasn’t reached considerable stability, but Bitcoin has earned the status of digital gold. Despite the price inconsistency, Bitcoin has never lost its scarcity. Added to the fact that BTC supply is limited to 21 million units, we can expect nothing but a bright future for the most valuable digital asset.

Ethereum (ETH)

Ethereum is the second-largest cryptocurrency, standing right next to Bitcoin on all relevant crypto charts. However, while you always see these two cryptocurrencies together on nearly all crypto platforms, Ethereum has different core values from Bitcoin. Namely, Ethereum is designed to be more than just digital money. Its blockchain supports self-executing programs called smart contracts that can be used for building other tokens, NFTs, and decentralized apps (dApps) on top of the Ethereum network. DApps can find applications in many other industries apart from trading cryptocurrency, and because of that, we say that Ethereum’s success lies behind its high utility. To make this decentralized machinery move, the Ethereum blockchain uses its native Ether coin. Unlike Bitcoin, Ether doesn’t have a limited supply to maintain such a level of scarcity, but it can be quite a lucrative investment in the long run. If the world turns decentralized in terms of digital communication, Ether, as the “fueling” asset, will play a crucial role and hence, skyrocket in value. Finally, it’s worth mentioning that the Ethereum blockchain is transitioning to a more efficient and environmentally sustainable consensus algorithm called Proof-of-Stake (PoS), which is expected to have a positive impact on its future development.

Stellar Lumens (XLM)

Stellar is a decentralized infrastructure and one of the oldest players on the crypto scene. It was launched in 2014 with a clearly defined purpose — to process cross-border payments fast and efficiently, without excessive costs and delays. The network has its own built-in asset known as Lumens (XLM) that serves a special function in the network. Over time, the XML usability has diversified, and now you can also see the token outside the Stellar network. The holders can use it for global on-chain and off-chain payments, as well as for trading on professional crypto platforms. The real-world utility combined with the years of experience makes XLM promising crypto in the long run. The XLM exchange rate has ranged between $0.1 to $0.7 in its years of existence. Almost all algorithmic price projections signal that the Lumens token will grow in the future. For example, estimates that the XML price will reach $1.81 by 2027.

Litecoin (LTC)

Released at the dawn of the crypto era, Litecoin was one of the first Bitcoin competitors. The altcoin was created in 2011 in an effort to provide an improved Bitcoin version by upgrading the system with faster and cheaper transactions. As time went on, Litecoin somehow lost its luster because of the plenty of new crypto projects designed with the same goal — to serve as a flexible payment method. However, Litecoin has something the mass of upstarts don’t — longevity. After several meltdowns that shook the crypto investment ground, investors seem to return to a well-familiar blockchain product that has passed all the tests of time. Finally, Litecoin has always been open to technical upgrades to enhance its overall performance and security.

A Few Ending Words…

As you can see, the cryptocurrency industry doesn’t allow us to make an assertive response to all market trends. The list of top-ranked cryptocurrencies has been changing quickly, and therefore, requires caution when devising a long-term investment strategy. Bitcoin is perhaps the only exception to the “rule of inconsistency” in the crypto ecosystem. However, you should take note that its anchored position still doesn’t protect BTC from price fluctuations, and patience may be required for the long term. Despite the risks associated with crypto investments, they’ve demonstrated incredible power to reshape the financial world. Decentralization is definitely here to stay — we just need to carefully choose the right assets to take advantage of it with a winning move.  Coin IRA's team is always here to help you on your crypto journey, whether you elect a tax-advantaged Cryptocurrency IRA or an Individual Non-IRA Trading account (or both!).  With Coin IRA, you get an experienced company you can trust to provide you with the winning assets at the right price, and the ultimate in security.
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