The cryptocurrency was riding high in 2021 and was starting to get accepted as a mainstream currency in select outlets. The best crypto exchanges were at a boom and everyone wanted their hands on it. However, by the end of January 2022, it was dipping and had a bad crash in June 2022. The $2 trillion crypto market crash caused investor losses, massive layoffs in various stable companies, and obliterated once staple digital currencies, including the crypto token luna.
In July 2022, the crypto coin is getting stronger again but it remains a controversial and volatile currency. Experts see it powering the future that will democratize finance, fuel the new ecommerce of the metaverse, and be used in Web3. We discussed Web3 in our article, No-Code as a Tool in Web3
As this digital currency and Web3 slowly emerge into the mainstream, more people even without a tech background want to be part of it. This is made possible with the growth of no-code development. No-code development makes app, website, and software development easy for people without an intensive programming background. Through visual programming, anyone can drag and drop elements to launch anything.
No-code and cryptocurrency are just some of the key things that embody what Web3 is all about - decentralization and democratization of creation. Is no-code crypto possible and are what no-code crypto builders out there? Read below and see how no-code can take cryptocurrency to the next level.
Crypto investors and owners are now slowly coming back as the currency is gaining strength in the market. The crypto market crash in June was spurred by the pessimistic outlook of investors about the economy amid surging inflation, a shaky stock market, and rising interest rates.
However, we don’t see the end of it. There are reports saying that 67% of millennials consider Bitcoin as a safe haven and secured asset to acquire. They believe that the decentralized financial system is secure enough amidst economic uncertainties. This is something considering that the millennials are the bulk of the workplace demographics right now. Even Gen X’ers are also buying cryptocurrency as an investment.
Cryptocurrency as payment is becoming more common even on big name brands. Owners are getting more comfortable spending it on everyday items. According to Binance’s 2021 Global Crypto User Index, 38% are using crypto as a mode of payment for day-to-day transactions while 39% keep theirs as an asset.
Even with the market volatility of cryptocurrency, a lot of people are still interested in getting them. Some are even wondering if there are no-code crypto builders out there, especially for the non-technical people who want to grow in it. Interestingly, there are a number of things you can do with no-code cryptocurrency.
You can actually create crypto tokens without coding! Currently, there are 20,00 tokens in the market but only a handful are considered real cryptocurrencies such as Bitcoin, Ethereum and Tether. Most of these are deployed in the Ethereum blockchain and the second biggest is Binance.
Creating a no-code crypto token is different for different platforms but here are some important reminders
We published a blog this year, What are DAOs and How No-Code can Help It Grow?. We discussed how anyone now has access to build their own DAOs to manage and pool cryptocurrency in the blockchain.
The DAOs represent what Web3 is all about - decentralization and transparency. As we discussed in our previous blog, there are a number of reliable no-code DAO platforms where you can create a DAO for any activity or project you want with anyone in the world. Since it is in blockchain, cryptocurrency spending can be monitored within the DAO.
When you have cryptos that act like your digital money then you will need a crypto wallet. A crypto wallet is defined by Wikipedia as a device, physical medium, software or service that stores the public and/or private keys for cryptocurrency transactions. It is where you can start sending and receiving crypto. To this extent, a crypto wallet is like a UI portal into the blockchain.
According to Topflight, the key things you should know in building a crypto wallet are
As you have read, even if you dont have extensive knowledge of coding and programming, there are many ways you can be part of the cryptocurrency wave happening right now. Whether yous ee this as an investment or as a convenient way to purchase, cryptocurrency is here to stay and the next generation will surely make more use of it.
Cryptocurrency is considered a volatile yet promising asset. That’s part of why experts recommend not investing more than 5% of your overall portfolio in cryptocurrency, and never investing at the expense of saving for emergencies and paying down high-interest debt.
However, the impending growth of Web3 and Metaverse seems to point all roads to cryptocurrency as it is poised to suit the key elements of these technologies.
No-code democratizes the creation and management of cryptocurrencies. This is another reason why we will no-code in the future since Web3 encourages decentralization and power of creation to anyone. We are looking forward to a future with more no-code projects, apps, and services.
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