updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114
\n<\/p>\n
In brief:<\/strong><\/p>\n The Bitcoin (BTC) and crypto market crash of mid-March was one event that not too many traders believed would happen. The majority of Bitcoin enthusiasts believed that the hype surrounding the Bitcoin halving event would provide much-needed immunity for the crypto markets to survive a shake-out in the event of a possible stock market meltdown. However, the tense days of March proved that Bitcoin is highly correlated<\/a> to the stock markets during times of turmoil.<\/p>\n As with all periods of unexpected volatility, traders and investors quickly hopped on stablecoins to safeguard the value of their holdings in the crypto markets. As a result, Tether (USDT) has continually risen on Coinmarketcap and is currently ranked 4th after BTC, Ethereum (ETH) and XRP. The stablecoin\u2019s market cap currently stands at $6.4 Billion making up 80% of the total value stored in stablecoins<\/a>. Tether\u2019s dominance has slowly but surely risen<\/a> due to the uncertainty brought about by the effects of COVID19 on the global economies.<\/p>\n With the world firmly in the thick of a global recession, favorable trading conditions to go LONG in the crypto markets will probably take a while to present themselves. At the time of writing this, flattening the curve of infections is happening<\/a> but a return to normalcy has been projected to take months and roll over into 2021 with some estimates pushing it to 2022<\/a>.<\/p>\n Therefore, many savvy crypto investors have discovered that staking is an easier way of storing their crypto holdings while gradually increasing their bags.<\/p>\n Exchanges such as Binance, Bitfinex<\/a>, KuCoin and Poloniex, have started offering staking services for coins and tokens already listed on their platforms.<\/p>\n Using Binance staking services<\/a><\/strong> as an example, we observe the following estimated annualized returns in the staked token\/coin.<\/p>\n The above list is just a brief one to give the reader a better understanding of the potential investment potential of staking.<\/p>\n With the Bitcoin halving narrative of gains almost destroyed by the Coronavirus crash of March 2020, trading cryptocurrencies as they range and wick haphazardly in either direction might be one-way traders are losing trading capital through stop losses and the dreaded liquidations.<\/p>\n Staking, on the other hand, might be a better alternative to trading. User funds idly generate profits in a manner more attractive than holding value through stablecoins.<\/p>\n Additionally, in a recent tweet, the Co-founder of Ethereum, Vitalik Buterin, rubbished the idea of mining cryptocurrencies on smart-phones while at the same time identifying staking as a promising option. His tweet can be found below.<\/p>\n Mining on phones is a fool’s game. Goes against everything we know about hardware economies of scale and more likely to trick users with false hope than help them.<\/p>\n *Staking* on phones, OTOH, is IMO quite promising\u2026https:\/\/t.co\/VGgkoHIDsP<\/a><\/p>\n\n
$8 Billion Locked up in Stablecoins<\/h2>\n
Staking of TRX, KAVA and other Cryptos is Providing a Profitable Alternative<\/h2>\n
\n
Staking Might be a Better Alternative to Trading the Uncertainty<\/h2>\n
Vitalik Buterin Believes Staking on Phones is Promising<\/h2>\n
\n