Invest Wisely: Bull run or bull trap?

Words
372
Reading
2 min
Listen
Play
4y

Hi Hivians!
The week is going fruitful as it begins with the bull run; yesterday, lots of #crypto analysts made a tweet that it's a bull trap but irrespective of what it may be once there's a bull, it's best you withdraw all your profits.

png_20230110_082054_0000.png

Crypto is one of the best platforms to train your psychology, lol because of how it operates. There are uncertainties regarding the market chart, so one has to be cautious to avoid losses. Meanwhile, as we are enjoying the booming season, let's not forget to invest in a worthwhile token.

Tokens that were not able to withstand the long bear season aren't worth your investment because their certainty of being steady in the crypto marketplace is low. In this light, check out for tokens that have fundamentals backing their projects, not just fundamentals but the project also solves the current needs of users in the ecosystem.

Just to give an example of some of these tokens, we have: #leo token - Leofinance, #sps token - Splinterlands, then #Hive token. Though #leo and #sps are second layer tokens in the #Hive platform but they have contributed greatly in making sure the project is solid.

Splinterlands is a free-to-play card game that could be played with a browser or on your mobile phone. The uniqueness of the game is that it is a play2earn game, meaning that every card that you obtain in the game be it in NFTs or a non-fungible token is yours and could be sold in the marketplace to gain money. All items collected value for exchange; you can either sell your cards or rent them out, then you get paid with the in-game currency called the Dark Energy Crystal (DEC). This DEC is worth being in the marketplace too.

While

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH, and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

I guess this little tip will go a long way to direct your path in the #crypto space.

THANK YOU FOR READING

NOTE: The above picture was designed with canva.

Invest Wisely: Bull run or bull trap? | Ecency