Now, there is no denying that Cryptocurrency is one of the best investments today. But one that is also accompanied by major risks if you do not know what you are doing and how to do it right. It all started from a prototype curiosity and eventually became the mainstream trading medium of today. From the introduction of Bitcoin to crypto, it took a decade for it to be recognized. A primary reason for this slow but sudden popularity is its promised vertical returns to the users. As such, it is not surprising for investors to join in on the bandwagon of these digital assets to rapidly accumulate a foothold.
These numbers thus warrant the conclusion that with many people investing in the world of crypto, there's no doubt that it is safe and secured.
Moreover, we all know that when a business is popular and booming, there is less likelihood that failure will occur for investors. As for investing in digital assets, cryptocurrencies are sure to be one of the most secured, along with NFTs, tokens, and others used for transactions.
In addition, NFTs are popular because of the entertainment it gives to the investors in the form of artwork, music, videos, and gaming. NFTs can be individual or be part of collections that allow users to experience an exclusive community online. For example, Axie Infinity is a Pokemon-like game that gives you at least 3 playable characters to help you earn SLP that can be turned into real cash if exchanged.
Another example of NFT is Wemade's blockbuster MMORPG MIR4 is which was introduced last 21 Dec. It is a role-playing game that you can play through your computer or cellphone on any occasion. The mode of earning on MIR4 is through the collection and mining of Draco, the utility token of MIR4.
But what defines a good ROI? Answering this question will mark how willing investors are in taking risks. A good ROI means higher and increased generated returns. The higher the ROI, the more risks are likely (and willingly) to be taken. Consequently, an investment that takes longer to pay off will require a higher ROI to become more attractive.
Undoubtedly, using MetaMask as your cryptocurrency wallet is the best way to hold your passive income. If you're going to ask if the MetaMask is safe to use, then yes, it is. MetaMask uses backup settings for a strong community of innovators modernizing open-source code. The downside and most common problem with MetaMask wallet, though, is phishing attacks. So, be cautious of your actions before engaging with others.
Anyone who wants to invest in cryptocurrency must be determined and willing to disregard any of their hesitations.