The internet has made it far easier for anyone to open a trading account and start investing. In addition to that, the internet has also democratized stock market-related information in a big way. Most retail investors no longer need pricey subscriptions to financial papers or pay brokerage houses for the latest research.
The internet has most of the information and for free. The YouTube channel Rich Tv Live has become one of the more popular channels in recent times and for good reason too. The channel produced videos on the latest news from the stock markets and provides reliable insights about different companies. In the video that the channel released yesterday, the Rich Tv analyst looked into the cryptocurrency project Cloud Essentia (ESS).
The blockchain and cryptocurrency industries have taken off in a big way over the past half a decade or so. In the past few years, plenty of new cryptocurrencies have come into existence and have also found willing backers. The ESS token from Cloud Essentia was the subject of the latest video from Rich Tv.
Essentia is a blockchain that is powered by a mastercode. The blockchain, in turn, helps with cross-chain transactions and interoperability. At the end of the day, a cryptocurrency that has a definite use case is usually favored by investors.
However, there is another important factor that potential investors need to keep in mind with regards to the ESS token. Investors can also stand to earn passive income from yield farming if they actually hold this token. It is a well-known fact that there are very few digital assets that can actually help investors with passive earning and this particular aspect of ESS token could prove to be a massive positive as it tries to go mainstream.
Rich Tv is generally involved with traditional companies and stocks, but it seems that the analyst is now going into the analysis of any kind of asset class that might prove to be useful information for the subscribers. At the end of the day, digital assets are now a highly popular form of investment among people and it was no surprise that Rich Tv decided to analyze the ESS token in its video yesterday.
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