The cryptocurrency world has expanded tremendously in the last few years. Initially, cryptocurrencies were conceived as decentralized payment systems for peer-to-peer (P2P) use. Nowadays, cryptocurrencies and related technologies serve other purposes. That’s the case with non-fungible tokens (NFTs), which revolutionize the crypto world. Explore TLM Coin Facts to understand the crypto better!
A new trend in the crypto and gaming industries is the so-called play-to-earn (P2E) games. Many P2E games have recently emerged: Alien Worlds is one of the most popular ones. TLM is a decentralized NFT metaverse enabling players (called “explorers”) to compete for scarce resources in different planetary worlds.
Explorers can be rewarded with Trillium (TLM), the native in-game currency of this game. Gamers that want to increase their rewards can stake their TLM holdings. They can also battle with other explorers for additional NFTs. In the future, Alien Worlds will support NFT interoperability.
The good thing about P2E games is the possibility of earning monetary rewards and not only in-game fictional money. An Alien Worlds explorer can swap their TLM coins for other cryptocurrencies and even for fiat money. For example, a TLM WAX converter could swap P2E rewards for WAXP, the cryptocurrency of the WAX platform.
TLM Coin Facts – Other Applications of Blockchain Technology
Blockchain is the technology that makes cryptocurrencies possible. It is the technology that powers NFTs also. Some purpose-built blockchains like WAX are designed for particular tasks. WAX, launched in 2017, is devoted to speeding up and facilitating e-commerce transactions. This platform supports the building of NFTs.
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However, despite all these novel applications, the first cryptocurrency to ever exist, Bitcoin (BTC), still dominates the market. Launched in 2009, Bitcoin has appreciated enormously since its appearance. Today, BTC is the most valuable cryptocurrency by market capitalization. It is also the cryptocurrency that commands the highest selling price. As of the second week of 2022, each BTC coin sells at around $40,500.
Bitcoin reached its all-time high price on November 20, 2021, when it traded at $$68,789.63. Despite its drastic price fall in 2022, most traders and investors want to have BTC in their portfolios. The maximum supply of this cryptocurrency is 21 million coins. So far, over 19 million are already in circulation. Hence, as BTC coins become scarcer, their value will increase significantly.
Should You Convert Your Other Cryptocurrencies to Bitcoin?
Because of the dominant status of Bitcoin, many traders and investors wonder whether they should convert all their digital assets to BTC. For example, if you hold Binance Coin (BNB), should you convert BNB to Bitcoin? This move requires careful consideration. BNB performed very well in 2021. Although its current price is lower than the all-time high set on October 10, 2021 ($690.03), BNB remains a strong cryptocurrency. CoinMarketCap believes BNB is the #4 most valuable digital cryptocurrency by market capitalization.
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Of course, you can (and should) convert part of your BNB holding to BTC to diversify your investment. However, it is wise to keep investments in good-performing cryptocurrencies for a long time. According to experts, each BNB coin could be worth $850 in 2025. As of the second week of 2022, BNB sells at approximately $423.99. Hence, you could double the value of your investment in less than three years by holding your BNB coins. Bitcoin will likely continue dominating the market for several years. So, the final decision is yours.