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5 Cryptocurrencies popular in Scotland

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1st Sep 2022 Life

5 Cryptocurrencies popular in Scotland

The popularity of cryptocurrencies has boomed across the world, and one area that has a particularly exciting investment in cryptocurrencies is Scotland.

As Scotcoin, the first Scottish cryptocurrency, is hitting the market. According to Crypto Exchange UK there has never been a better time to get to know the cryptocurrency market in Scotland. This guide is here to help you learn everything you need to know about the most popular cryptocurrencies in Scotland right now.

1. Ethereum 

As okx.com explains, Ethereum is the second most popular cryptocurrency in the world, after Bitcoin, and this popularity is present in Scotland. What makes Ethereum so popular is its safety and strong growth prospects. The safety of Ethereum is clear, especially when you consider how the coin has performed this year. While 2022 has been a down year for Ethereum, it has still held much better value than the majority of altcoins.

While Ethereum is one of the more popular coins out there and has a strong long-term potential, the value of the token continues to remain depressed. This means that it can mark a valuable point for investors that are looking to buy a cryptocurrency before growth.

2. ApeCoin  

Another popular cryptocurrency in Scotland right now is ApeCoin. Apecoin has boomed in popularity recently as it has managed to draw more hype than any other cryptocurrency out there. Apecoin launched in March 2022, and it quickly jumped to the top of cryptocurrency exchanges. What makes Apecoin such a valuable investment is its connection to the Bored Ape Yacht Club brand and collection of NFTS and its Metaverse connections.

3. Loopring 

Loopring is another undervalued cryptocurrency in 2022 that offers a great investment opportunity for Scottish investors. Compared to other cryptocurrencies like Ethereum, Loopring is relatively unknown but no less of a valuable opportunity. Loopring is a decentralized exchange that enables fast and low-cost trades without the high fees that are associated with other cryptocurrencies. Loopring is also known for exemplary security, which makes it a very popular option for UK investors.

4. Chainlink 

Chainlink is a decentralized oracle network that has grown hugely in recent years. With more than 65% of the decentralized oracles market, it is larger than all of its other direct competitors combined. The dominance of Chainlink in the decentralized oracles market is only set to grow in the coming years, as it is introducing many measures, such as hybrid smart contracts, to improve scalability. Chainlink not only has massive long-term growth potential but is also currently hugely undervalued, which makes it a great investment opportunity.

5. Dogecoin 

Dogecoin is one of the most famous coins on the market due to its infamous meme status, thanks, in part, to Elon Musk. The potential of dogecoin is huge. This can be seen from the 10,000% rally it made in 2020. Dogecoin is far from its high points, as it is undervalued at the moment, which makes it a very popular trading investment at the moment. As Elon Musk continues to show his support for the cryptocurrency in 2022, its popularity is only set to continue to grow.

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