3 Things to Consider when Staking Cryptocurrencies

1. Impermanent Loss

Impermanent loss is when you purchase a cryptocurrency and it goes down in value.

2. Consider the Total Coin Supply

Similar to my last point, when you have a 3000% yield. You have an increase in supply of coins.

AXS to USD yearly chart

3. Utility is the key when staking or investing in cryptocurrency.

If there is a high benefit to owning that coin, plus you can stake that coin on top of it being incredibly useful to own. Then that is one of the key ingredients for success.

TOP.CRYPTO

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Top Crypto

Top Crypto

Top Crypto was created with the intention of sharing my experiences (good and bad) in finding financial freedom through investing in Blockchain technology.