Published
2 years ago on
April 17, 2022
When the first quarter ended, what did you do as an investor? Evaluate your strategy? Cut your loss? Or look for the next ×10 for your portfolio? The Russian-Ukrainian crisis made many people know that digital currencies are the only hedge during times of economic uncertainties. Many people moved their wealth to either Bitcoin (BTC), DeFi projects or NFTs. All whilst looking for the best available options for a better investment. After nearing $70,000 in the middle of 2021, Bitcoin (BTC) has been in a downward spiral while affecting many top tokens.
Even if the chance to invest in BTC is presented, what are the chances that it could make a huge profit? That is why a lot of top investors diversify their portfolio into stable coins like USDT, or blue Chip tokens like Fantom (FTM), Polkadot (DOT). Projects like Quitriam Finance (QTM) fall in that early stage category of investment, and fortunately for you reading this article, QTM is in its presale stage, which means tokens are currently being sold at a discounted price.
Again, investing in microcaps can be risky, but not when the community behind it is a strong and active one. A chance to increase your earnings, interact with users, and build with a formidable team is not something that every project offers. You want to be an early participant in a strong project.
We will talk about the volatility of Bitcoin in recent times and the constant push and pull of Dogecoin, which is heavily influenced by Elon Musk. These coins' potential cannot be understated and how they still serve as a valid investment in the second quarter.
Bitcoin (BTC)
BTC runs on nodes that drive Bitcoin's code and stores its blockchain. A blockchain is a distributed database that is shared among computer network nodes. This signifies how Bitcoin stores information electronically and in a digital format.
Bitcoin is regarded as the pioneer of crypto and of the blockchain revolution. Created in the winter of 2009, it has proven to beat doubts about the digitalisation of money. It's highly decentralised, offers lower transaction charges unlike the traditional banking system, and serves as a platform for launching many Altcoins.
It has undergone a lot of pumps and dips within the period of time it has existed but it still is the first cryptocurrency on the charts. It reached a peak of $1,000,000,000,000 market capacity in the summer of 2021.
