If you’re reading this, there's a great chance your parents didn’t feed you with a silver spoon or pass down to you a basket of assets that appreciates in value over time. Saving money is already difficult for most people. Investing doesn’t stand a chance as more and more people are living paycheck to paycheck. The thought of tucking money away for the future doesn’t seem appealing. My oldest child will be 15 years old this year. He should have at least $15,000 sitting in an account. Sadly, he doesn’t. Throughout the past 16 years of our marriage, my wife and I did not properly invest with our children in mind...until now.
To be clear: if my son needed $15,000 right now, I could provide it from my own account. However, imagine if my wife and I had been a little more intentional about starting his own account from the day each of our children were born until now? Without a doubt, I would be confident in saying that my three children would have at least a six-figure portfolio. The good news is that it’s not too late for us to turn things around. Now that we know better, we will do better.
Here is a list of the top 10 cryptocurrency projects we are looking to add to or increase in our children’s portfolio:
With billions of people around the world having more cell phones than banking accounts, I like the fact that Cardano is looking to solve this problem by banking the unbanked. I expect more governments in the future to build their financial systems on top of the Cardano blockchain.
Voyager Token (VGX)
Voyager is looking to tokenize the stock market, offer institutions financial instruments, and roll out joint accounts, credit cards, lending, and more. Binance coin has grown substantially over the years. We could expect the same with Voyager. Exchange-based tokens tend to do very well over time. They have great interest rates, as well.
This project focuses on trust and transparency with products and services captured on the blockchain. Based on the supply chain, this crypto will be used to help cut down our carbon imprints while also providing a solution to the counterfeit market. Already, major brands like Walmart and Louis Vuitton are using the VeChain platform. The counterfeit market has become a $1.2 trillion market. If VeChain can help make a dent, it’s worth taking a deeper look at them as a possible long-term hold for your children.
Phones aren’t going anywhere. Telcoin made a genius move when it decided to go after the multi-billion dollar remittance payment network. Many families who are immigrants send money abroad to loved ones back home, yet the fees are making it difficult for those loved ones to maximize their income. Telcoin solves this by partnering with major telecommunications providers to help. Also, they have been awarded a banking charter in the state of Nebraska.
Stellar Lumens (XLM)
XLM is the the queen to XRP, the king. XRP is geared towards assisting large banking institutions, while XLM is focused on everyday retail investors and consumers. XLM's speed is on another level when it comes to transferring money from one wallet to another. I consider it the queen because it is a little more versatile at the moment. This will only get better as time goes by. I like it!
With price still being under 3 cents, it’s a no brainer to perhaps add this into your children’s portfolio. With its staking rewards and good price point, tucking away a nice chunk of change in this project might not be such a bad idea. Also, their line-up of partnerships with major retailers and restaurants makes this project even more attractive for the long haul.
Predictive markets are a new industry. By the time our children are ready to leave the nest, this market will be solidified. Get a jump start on it now and you'll be ahead of the crowd.
Synthetix is one of the most hyped and fast-growing DeFis out there. It is a protocol that enables the issuance of synthetic assets on the Ethereum blockchain. Synthetix allows users to bet on crypto assets, stocks, currencies, precious metals, and other assets in the form of ERC20 tokens.
Numeraire is an Ethereum token that powers Numerai, which claims to be the first hedge fund to launch a cryptocurrency on the market. Through trading tournaments, their AI system can gather key data in helping making key investment decisions. This data can be used by scientists and other institutions who operate in the stock market.
Safe Haven (SHA)
This protocol provides inheritance and insurance on your digital assets. If something would to happen to you, their protocol will seamlessly transfer over your crypto assets along with protection. We all love peace of mind.
Nervos Network (CKB)
There are thousands of cryptocurrency projects out there and many will perform well over the next decade or so. This list isn’t all-encompassing. I’m sure you have projects that you have identified that are not mentioned here. Run your race! Just remember that now, you’re not running just for you, but also for your children.
Remember, none of this is financial advice. Just my opinion for entertainment and educational purposes.
May the Horse be with you!