Can you handle the prowess of altcoins over the past twenty years?
The auction has taken half a month to multiply your assets by five, and then just two days to shrink your assets by more than 70%. The cryptocurrency world is like a speedway without limits, and you're driving a car without brakes. While this is indeed its unique charm, how can you minimize risks while trying to go as fast as possible? I have a suggestion for everyone; of course, as the saying goes – we are all adults and must be responsible for our own wallets.
There is a staking activity on PancakeSwap, lasting up to four years, and the price of CAKE is currently $2.6 (it once peaked at $44, for more on this coin, you can check out my previous article 'Daily Coin'). The yield offered is approximately 24% annualized, so after four years, the amount of coins you staked will roughly double. Now, if the price of $2.6 drops to $1.3 in four years, that would still mean breaking even, but what if it takes off? What if it sets a new high in four years? The profits could be quite substantial, and I believe everyone has the problem of being unable to resist the urge to invest. This method forces you to take action, and the cryptocurrency market operates on a four-year cycle; if this year is not disrupted, by 2029 we would still be in the later stages of a bull market. It's highly likely that the coin prices won’t look too bad, so what do you think of this method of trading time for money? Comments are welcome.
Original article, looking forward to your attention and likes.
