What is expected in the cryptocurrency market in 2024, and what could this mean for ordinary people who are just starting to explore this market?
The year 2024 promises to be hot for the entire crypto industry. Already, the prices of most cryptocurrencies are showing significant growth. Experts predict that in the next year, the key cryptocurrency – Bitcoin – will reach new price heights.
However, Bitcoin is the most conservative asset in the portfolio of any crypto investor. If you want to earn a really serious income, you should pay attention to other cryptocurrencies.
The problem is that there are many cryptocurrencies on the market, and most of them have no real value. What to do? Pay attention to what stands behind each specific cryptocurrency.
The Potential of Gaming Tokens
People love games. Therefore, it’s no coincidence that during the previous explosive growth of cryptocurrencies, it was the coins of gaming projects that showed unprecedented returns even by crypto industry standards.
We all remember the story of Stepn: thousands of people earned their average salary just by walking in the park.
Unfortunately, most similar projects did not survive this crypto winter. The reason for this is that such projects operated on the principle of a financial pyramid, and when the flow of new players dried up – so did the super profits.
Nevertheless, over the past year and a half, a number of gaming projects have emerged on the market that do not operate on the “financial pyramid” principle but strive to create a sustainable gaming economy.
500% is not the limit
Currently, one of the most notable cryptocurrencies on the Polygon blockchain is the TRC coin. This is the coin of the Game-Fi MetaTrace. TRC can be purchased today on Bingx, Bitmart, Uniswap, Quickswap, MEXC, and Bitget. Shortly, TRC will also be available on many other major exchanges. Such an extensive listing of the coin indicates its potential for a wide range of investors: before getting listed on any exchange, any token undergoes a serious audit.
Since its appearance, the TRC coin has shown a price increase of 518%. It’s important to emphasize: that such indicators were achieved by the coin in a bear market. With the change of the general trend in the crypto market, the coin could show even more significant profitability.
The reason for the initial growth of the TRC coin is the stable tokenomics of the MetaTrace project.
In essence, MetaTrace is a global gaming metaverse. A player earns coins by visiting “points of interest” and participating in various activities located in his locality.
As you can guess, this is an excellent marketing tool for any business.
For example, you are the owner of a car wash. You enter the MetaTrace advertising cabinet and for a small fee, make your car wash an in-game “point of interest”. Players then come to you to get tokens which they can then convert into real money. Thus, you get advertising for your car wash, players get tokens, and MetaTrace gets economic stability.
A Balanced Portfolio – The Basis of Prosperity
We recommend you approach the formation of your crypto portfolio with maximum caution. Do not just buy one single coin. On the contrary, try to minimize your risks: let your portfolio definitely include coins of various blockchains, Bitcoin, Ethereum, and of course, tokens of the most promising gaming projects. In this case, the slump of one asset will be compensated by the explosive growth of another.
Do not invest all your savings in cryptocurrencies. Always remember that investments in crypto projects are associated with serious financial risks: in your investment portfolio, cryptocurrency should not exceed 10-15%.
By following these simple tips, you will be able not only to preserve your money but also to significantly increase it.