Rocket Power

Since my last post, crypto has been in an impressive uptrend. Grt was at $0.72 and is now $0.93, Cardano $1.45----->$1.97, Ethereum $3,078-----> $3,110, Bitcoin $43,590----->$45,193.17. As you can see Alt coins are the biggest winners as both Crypto behemoths BTC and ETH are failing to keep up. Much rise in price can be expected of alt coins as they provide a ton of utility such as defi,nft,lending,insurance, among many others.

With so many new alt coins coming out daily it's only expected to keep climbing. As mentioned in the last post, crypto is a gold rush the world has never seen before. With alt coins providing great decentralized utilities they are directly competing with large corporations that are centralized, sell customer data and don't provide customer privacy. With the new decentralized world, I expect alt coins to replace the traditional companies.

A serious question I must ask is when have we ever been able to be our own bank? With cryptocurrency you can now directly manage your own funds, lending out your coins for far greater APY than with traditional banks. An example would be BB&T's minimal .03% APY on held funds. The average APY for crypto tends to be between 4% and 12%. If you have a hardware wallet such as Trezor or Ledger, you can take USD from your bank and purchase USDC, storing it on your hardware wallet to buy with or buy crypto. Thats not all, you can withdraw your crypto for actual cash at select ATM's.

This bull run is far from over and as such I reemphasize the best method of locking in never before seen gains is cost basis averaging. Hold and buy when low and buy when high. If you treat it the same as a standard retirement fund you will be shocked at how much money can be made over a 15 year span. With this still being the early days of the biggest gold rush ever, 99% of people have still not jumped on board. If this is something that interests you, see about staking your claim in crypto history. This is far from over. May God bless you.