Quick Update: New Opportunities in Cryptocurrencies Investment
This Week – We are buying BTC (DCA)
BTC: Up 53.09% ( Q1,Q2 2024 – Source: Coinglass – 6/24/2024)
Bitcoin (BTC) and other cryptocurrencies price surge above the last ATH following institutional interest (ETFs) Cryptocurrency investment is one of the best options at this time.
Ether (ETH) has traded upwards recently and may be heading to the new highs.
Cardano successfully underwent its Shelley hard fork upgrade. Shelley is the second stage of Cardano’s development roadmap and is still technically in process. The Shelley upgrade delivered decentralization to Cardano by introducing ADA staking
IOHK launched Project Catalyst, an initiative which seeks to bolster development on the Cardano blockchain. In October, Cardano released the roadmap for Goguen, its third development milestone, and even demoed their ERC-20 converter which will allow for the migration of tokenized assets from Ethereum to Cardano
Staking on Cardano offers many benefits. First, there is no lock up period – you can unstake your ADA at any time. Second, you can stake ADA from the safety of your Daedalus or Yoroi wallet. Third, you can switch to another staking pool whenever you want and can even stake in multiple pools if you are using the Yoroi wallet
Finally, ADA staking rewards are currently around 5% per year depending on staking pool conditions, and rewards are paid in ADA roughly every 5 days. Over 20 billion ADA are currently being staked, accounting for over 60% of all ADA in circulation
The information contained herein is for informational purposes and education only. Nothing herein shall be construed to be financial legal or tax advice. The content of this report or on this website is solely the opinions of the author who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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