NY, USA, 2 July 2024-A dive into the 2024 crypto market, different investment tools, comparing high-yield and low-risk strategies for safer investments.
Discussing crypto investments can sound very exciting, but what are the actual numbers like? Here, we’ll look into the latest market news, apply our knowledge to comparing investment strategies, and explore new, safer options for crypto investing.
Overview of the Crypto Investment Market in Q1 2024
The first quarter of 2024 has marked a pivotal moment for the cryptocurrency industry, driven by several significant developments. The launch of spot Bitcoin ETFs played a crucial role in attracting substantial capital inflows, with these financial instruments garnering over $12 billion in net inflows. This contributed to a rapid 60% increase in the overall market capitalization compared to the previous quarter.
Venture capital funding for cryptocurrency startups surged by 40.3%, reaching $2.4 billion in the first three months of the year. This growth was spurred by the anticipation of lower interest rates and the approval of spot Bitcoin ETFs by major financial firms like BlackRock and Fidelity. Analysts predict that the overall funding for crypto projects could reach $12 billion by the end of 2024, surpassing the $10 billion recorded in the previous year.
Meanwhile in the EU, the European Securities and Markets Authority (ESMA) is considering the inclusion of digital assets in UCITS (Undertakings for the Collective Investment in Transferable Securities) funds, which have a total value of €12 trillion. Discussions on this topic are ongoing until August, with ESMA seeking to evaluate the potential risks and benefits of integrating this new class of assets. UCITS funds account for about 75% of all collective investments in the EU, making them a significant retail investment avenue. The potential inclusion of cryptocurrencies in these funds is seen as a major step towards wider institutional acceptance and could significantly impact the market.
“The impact would be more significant than the US ETFs.”
– Andrea Pantaleo, DLA Piper lawyer, DL News, May 8, 2024
In January 2024, the EU authorities preliminarily agreed on a package of measures to combat money laundering and terrorism financing, which will tighten existing rules for the crypto industry. Additionally, in March, the European Parliament committees approved legislation banning anonymous transactions, further solidifying the regulatory landscape.
Popular Crypto Investment Tools
Cryptocurrency investments have evolved significantly from the early days of manual trading. Today, even traditional methods like mining and staking have become more automated and accessible. The most convenient options are the built-in investment tools on established platforms, making portfolio setup straightforward and efficient.
Mining remains one of the foundational methods for earning in the cryptocurrency market. Miners use high-performance equipment and substantial resources to generate virtual coins. Initially, this approach favored those with the financial capacity to invest in large mining farms. However, the landscape has shifted to include smaller investors with the rise of user-friendly mining pools with built-in ecosystems, like Binance or EMCD.
This investment strategy keeps gaining momentum in spite of growing complexities of Bitcoin mining. Regardless of mining rewards halvings and more and more computing power needed to create a block, with the right tools, mining a major cryptocurrency like this can still be a significantly cheaper way to acquire the coin than just buying it. Nonetheless, returns are still tied to how the coin you choose to mine will do on the market – that’s why Bitcoin is one of the top choices.
Staking is another popular investment method, involving participation in blockchain operations through environmentally friendly processes. This method is applicable to cryptocurrencies that use the Proof of Stake (PoS) algorithm to validate transactions. Stakers contribute to the blockchain by depositing coins, which are then used for transaction validation, similar to how banks utilize savings deposits.
Despite the risks and potential high entry thresholds, staking continues to grow, particularly in enhancing network security. Investors are advised to choose reliable major platforms for their staking activities to ensure both security and returns.
Crypto savings accounts – an ideal solution for investors who prefer a low-risk, hands-off approach. These tools have been prevalent for years in both traditional fiat investments and the cryptocurrency market. This strategy definitely poses the lowest risks, but doesn’t offer any of the get-rich-quick options that crypto investments are famous for. However, the returns are typically higher than those offered by banks. For instance, Binance offers users up to 6% on stablecoins, and EMCD’s Coinhold provides up to 14% per annum.
This strategy is the least time-consuming and most accessible, appealing to a broad range of users. It eliminates the need for in-depth research or the operational costs associated with mining. That’s why we’ll look deeper into this passive income strategy using a specific example: Coinhold by EMCD.
Coinhold: Impressive Yields Meet Low Risks
EMCD‘s Coinhold offers highly competitive annual percentage yields (APYs), significantly surpassing traditional fiat banking products and other major crypto platforms. For example, fixed staking can provide up to 14% APY, a considerable advantage over conventional banking yields. Additionally, the APYs on Bitcoin, Ethereum, and other popular cryptocurrencies outshine most trusted competitors with 8% APYs, particularly in this low-risk staking format. Flexible staking options are also available, offering up to 10% APY with the flexibility to withdraw funds at any time.
The platform supports a range of cryptocurrencies for staking, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, as well as USDT and USDC stablecoins. EMCD prioritizes security, employing bank-grade security protocols and two-factor authentication (2FA) to ensure asset protection. Users can earn daily interest on their crypto assets and monitor their growth in real-time, maintaining excellent oversight of their savings.
EMCD offers a user-friendly service with an integrated ecosystem, featuring a multi-coin custodial wallet, a P2P exchange, and direct card withdrawal options. The platform seamlessly integrates with EMCD’s mining operations, too – the platform originated as a Bitcoin mining pool and grew into an ecosystem with over 300,000 users.
Referral Bonuses for Additional Earnings
Another way to increase passive income on EMCD is through referral programs. Coinhold’s referral system allows users to earn income from both their own investments and the investments of friends they refer to EMCD. For the first 90 days, the system provides a 10% bonus on the proceeds from each new user referred, given their investment exceeds 200 USDT. Users can earn up to 1,000 USDT per referral.
How to Invest With Coinhold
- Register on EMCD: Visit the EMCD website or download the app to create an account. Provide basic information and complete the verification process.
- Access Coinhold: After setting up your EMCD account, go to the Wallet – Coinhold section to explore the available options.
- Choose Your Staking Type: Decide between fixed or flexible staking based on your financial objectives and risk tolerance.
- Deposit Funds: Transfer the cryptocurrency you wish to stake from your external wallet to your Coinhold wallet. EMCD supports a wide variety of cryptocurrencies, offering numerous options for investment.
- Start Earning: Once your funds are deposited, activate your chosen staking option. Your digital assets will begin accruing interest according to the terms of your selected staking plan.
- Monitor Your Investment: Track your rewards and account performance directly through your EMCD dashboard.
Don’t Listen to People Who Say Crypto is Over
Crypto isn’t over – it’s just evolving from the Wild West state of day-trading, rug-pulls, and other investment nightmares into a civilized and safe market with a little more inclusivity than classic investment tools.
The first quarter of 2024 already demonstrated robust growth and diversification in the cryptocurrency investment landscape. With a variety of instruments available, from staking and lending to yield farming and master nodes, investors have multiple avenues to explore for potential high returns.
The developments in Europe, particularly the potential inclusion of digital assets in UCITS funds, highlight the increasing institutional acceptance of cryptocurrencies. As the market continues to mature and new opportunities arise, understanding these tools and their associated risks will be crucial for both new and seasoned investors. Your job as an investor is just to pick the strategy that works for your goals, personal circumstances, and risk tolerance, and correctly diversify between the chance for ultra-high profit and low-risk tools like Coinhold.
Media Details
Author: EMCD
Website: https://coinhold.emcd.io/
Email: support@emcd.io
Address: New york, USA
