"Overwhelmed".Opportunities In the Crypto Space
The problem is that the crypto market has been dominated by speculators. Those who have purchased individual cryptos in hopes of making a quick buck instead of taking a professional and more sensible approach to crypto investing.
Even after the most recent crypto market pullback, the overall cryptocurrency market has significantly outperformed other investments.As a result, many investors have shifted their focus to the crypto space and made a point of including cryptocurrencies in their portfolios.
There are clear and very distinct sectors within the cryptocurrency market that we can invest in. The most established sectors are the:
Smart contract platforms,
Decentralised Finance (DeFi) applications, and
Payments coins.
p.s, not all cryptocurrencies are trying to become digital money. Only the payment coins are trying to do this.The term cryptocurrency can be confusing for this reason as it insinuates that all blockchain-based projects are trying to create a new form of value transfer. It’s for this reason why you’ll often hear die-hard crypto fans talk about cryptoassets instead.
The smart contract sector has been drawing the attention of the world with the sector producing 12-month returns of +111%. This is due to the fact that smart contracts have started to pave the way forward for many other blockchain-based applications like DeFi and NFTs.
DeFi comes in next with an overall sector performance of +33% over the last year.
And lastly, the payment sector is in third place and is starting to gain momentum as more names like PayPal, Visa and Google start to get involved with decentralised crypto based payments and try to incorporate blockchain technologies into their offerings.
Regardless of how long the cryptocurrency has been around, and the number of times it has bounced back from dipping too low in value, there are still people who are hesitant to participate in this concept. Even though it has managed to prove itself to be something quite stable in comparison to the fiat currencies of the world.There are some of the fortunate people who took the risk when Bitcoin was still brand new and barely spoken about, who are now seriously appreciating the growth in their investment and this is not an impossibility for you. The crypto space offers a decentralized framework that levels the playing field by eliminating intermediaries and making it possible for individuals to transact autonomously, peer-to-peer.
The opportunities to make it big in the crypto space is very vast regardless as you can still earn through:
Mining
Airdrops
Staking and Lending (Defi)
Trading
Investing
Crypto Social Media
To make profit in all of the above mentioned, one has to be really cautious of scams as they thrive in in the crypto space but it's notable that earning through the Crypto Social Media is rather usually safe than than the other options mentioned above. But that does not still make it scam proof as there could be high rate of scammers operating various accounts on the Media platforms.
Nevertheless, crypto can be rather really promising when it comes to it's earning potentials. Buying some crypto during this bearish market can turn out to be profitable once the crypto market gets back on it's feet.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my views for education/entertainment purposes only . Do your own research and due diligence.
