ryptocurrency is here to stay. Despite many experts’ predictions and the ups and downs of cryptocurrency, the digital currency is still being traded and widely used today. If anything, coins are becoming more common and more people use them in transactions and as investments. In fact, there are so many traders using apps to make automated daily trades and plenty of money. Bitcoin Era (https://www.bitcoinera.app/) is one of my favourite ones
Of course, cryptocurrency isn’t limited to personal users. Businesses have been utilizing cryptocurrency as a way to raise funds and achieve other objectives. In this article, we are going to take a closer look at how small businesses can leverage cryptocurrency trends.
The aforementioned example of using cryptocurrency as a way to raise funds is where we will start our discussion. Businesses can release their own coins as a way to generate money from the blockchain network. There are even companies that specialize in helping businesses release their own coins for fundraising purposes.
A small business can issue a coin in exchange for something of value. For example, you can issue a coin to fund the upcoming product you are releasing to the market, with early access to that product being the value behind the coin. You can also use the same approach to fund your small business as a whole without having to sacrifice ownership of the business.
Digital Marketing Impacts
The popularity of cryptocurrency right now makes it a handy digital marketing instrument. Utilizing coins as a way to generate news is becoming more common these days. Branded coins aren’t just attracting potential investors, but also generating a huge buzz in the cryptocurrency community.
That community is now among the largest communities you can find online. More people are using cryptos in everyday transactions. More are investing their money in coins too. The growing community becomes a lucrative audience segment for digital marketing campaigns.
The approach is even more appealing for small businesses operating in certain industries. If you run an online store, releasing a branded coin to promote your website is a great way to generate real, targeted traffic.
We really cannot talk about how small businesses can leverage cryptocurrency trends without talking about actually accepting coins for business transactions. Despite the recent market uncertainties, some cryptos hold their value really well. Combined with little to no transaction fees, steady value makes cryptos suitable for transactions.
Bitcoin remains the most popular coin on the market, followed by Ethereum (ETH) and XRP. You can keep track of the values of cryptos using Coins.live; this crypto tracking tool is regularly updated and offers access to the latest market prices for hundreds of cryptos. You can even keep track of price changes using Coins.live.
That brings us to the last trend spreading across the business landscape: small businesses investing in coins as a way to diversify. Using Coins.live, you can observe price changes and check market trends easily. This makes deciding to invest some of your small business resources into cryptos easier.
The yield offered by cryptos is still relatively high compared to other investment instruments. Chainlink, a relatively young coin, gains more than 2% in value within one day. Bitcoin fluctuates at a rate of 2-3% per day too. Can you see how appealing the crypto market is right now?
There is one additional reason why investing in cryptos is good for small businesses, and that is diversification. There are hundreds of coins to choose from, which means there are plenty of opportunities to bank profits with crypto investments.
These are just some of the ways small businesses can leverage cryptocurrency. The crypto market is expanding rapidly, so expect to discover more ways to utilize cryptos – and more opportunities to leverage cryptocurrency trends – as you explore the crypto market further.