DataDrivenInvestor
Oct 18
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Many investors understandably have the FUD syndrome, or “fear, uncertainty and doubt.”
That FUD is understandable, given the extended crypto winter. Due to most altcoins, and even Bitcoin (BTC) languishing far below their all-time highs (ATH), the cyclic nature of cryptocurrency would tell you that it won’t last forever, and crypto is not dead.
Unlike many “whales” who continue to buy up BTC and ETH, most of us small investors cannot afford to invest millions in these high-priced coins waiting for the next bull run.
“A crypto whale is a person, group or organization with enough cryptocurrency to influence the crypto market. These traders are called “whales” because they’re huge players compared to most traders who hold and trade a tiny percentage of the total currency. — ByBit Learn.
However, given the much smaller price of two P2E tokens that depend on the success of the Metaverse, we could invest small amounts each pay period, even $10 or $20, to take advantage of what could be a lucrative play in the crypto universe.
Many have more FUD about the billions in losses suffered by Facebook or Meta owner Mark Zuckerburg. However, that feeling was probably prevalent during the early days of Facebook as well.
Pouring millions or billions into a new business venture can be scary. It’s also true that many new business ventures just don’t pan out.
We work hard and need to rest and relax during our downtime — enter the Metaverse and experience P2E games.
With staking, you need not be the only one putting money into your portfolio. Many platforms pay massive annual percentage yields (APY) when you lock your crypto so they can use it to build bigger or lend it to others.
This isn’t a new concept. Banks have allowed depositors to put their money into certificates of deposit for decades at higher interest rates than regular saving when they agree to keep it there for an extended period.
Of course, to get the higher APY, you must agree to keep your stakes locked for that period or face penalties. Always check to ensure what the in and out fees are before you stake your altcoins.
Granted, with crypto’s volatile nature, you could miss an excellent opportunity to sell if your HODLings soar, but most won’t during the crypto winter. Dollar cost averaging (DCA) coupled with locked staking is most likely the best you can do for your portfolio.
You can take advantage of the market’s current lower prices while buying a specific amount every pay period and locking it to receive interest.
This is what most investor hope for, passive income. They invest without as many worries because what they invest is earning while they “hibernate” through the crypto winter.
Currently, if you stake your SAND tokens on Binance for 90 days, you can get 14.50% APY, 12% for 60, and 8.5% for 30 days. What are you getting at the bank?
APY is a method of compounding.
“APY takes into account not only interest but also the rate at which it compounds. With compounding interest, you earn interest over set intervals of time and the interest you earn is added to the balance. In effect, over each new compounding period you earn interest on the interest you’ve already earned. — Marcus by Goldman Sachs.
Therefore, you earn maximum interest on both your capital and the interest.
Let’s look at Decentraland (MANA) first.
“MANA is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner. The project was launched in 2020 by Ariel Meilich and Esteban Ordano.” — Linen App.
MANA is the native token of the Decentraland “virtual” concept. It’s an ERC-20 token built on the Ethereum crypto platform. Using Ethereum allows it to use smart contracts.
The best explanation I’ve read about smart contracts compared those to a vending machine’s convenience. There’s no need to hire an attorney or get a patent. Developers go to the platform, choose a format or contract close to what they want, and tailor it to their needs.
“Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss.” — IBM.
MANA can be used to purchase land parcels, game items, premium content, avatars and avatar enhancements, buildings, and other improvements to your “Decentraland” plots, which you keep on the Ethereum blockchain, or you could sell it.
Take the message; ignore the hype. Never invest more than you can afford to lose.
“The live Decentraland price today is $0.637356 USD with a 24-hour trading volume of $85,061,214 USD. We update our MANA to USD price in real-time. Decentraland is down 1.20% in the last 24 hours. The current CoinMarketCap ranking is #42, with a live market cap of $1,182,349,712 USD. It has a circulating supply of 1,855,084,192 MANA coins and the max. supply is not available.” — Coin Market Cap.
Therefore, even a $10 investment per pay period could net you 15.6898 tokens, which you could stake and earn APY. Imagine if you do this for a year, two, or three, and it returns to or exceeds its all-time high (ATH) of $5.90?
It could make your investment portfolio very competitive.
SAND is the native token of The Sandbox. Released in 2011, The Sandbox is a virtual reality world on the blockchain developed to permit users to buy, build, create, enhance, and sell their digital assets and game items.
The NFTs and decentralized autonomous organizations (DAO) combine to give users a decentralized platform that produces a thriving P2E community.
The Sandbox’s primary mission is to present first-class blockchain technology for its users and to make mainstream gaming on the platform successful in an atmosphere that facilitates a creative P2E community. Users can be both gamers and creators at the same time.
SAND is the community’s utility token to facilitate transactions within The Sandbox virtual world.
Within the community, Cryptokitties, Helix, and Atari (one of the oldest organizations in the gaming world) provide gaming and financial support.
Learn more about The Sandbox games, virtual land acquisitions, and more on the website.
“The live The Sandbox price today is $0.775362 USD with a 24-hour trading volume of $97,682,232 USD. We update our SAND to USD price in real-time. The Sandbox is up 0.29% in the last 24 hours. The current CoinMarketCap ranking is #43, with a live market cap of $1,162,631,765 USD. It has a circulating supply of 1,499,470,108 SAND coins and a max. supply of 3,000,000,000 SAND coins. — Coin Market Cap.
Your $10 investment could buy 12.8972 tokens at today’s price. A bi-weekly investment at the current price would give you more than 300 tokens after one year.
#TheSandbox #NFT #metaverse
However, don’t base your buys on hype. Do your own research (DYOR).
medium.datadriveninvestor.com
#MANA #SAND #Blockchain #altcoin #Crypto #Decentralization #Ethereum #bitcoin #Cryptocurrency
DISCLAIMER: This article is for entertainment and informational purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial adviser, and you should consider anything I write as informational and friendly banter to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any significant financial decisions.
Note: This post contains affiliate links. Read my disclosure statement for additional information.
Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Also, a Top Writer in Nutrition, Investing, Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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