Diversifying one’s portfolio is a frequent practice among experienced crypto enthusiasts. This implies that they select various cryptocurrencies based on a broad range of characteristics that allow them to reduce risk and perhaps prevent large losses.
Purchasing cryptocurrencies with diverse use cases is a common method of crypto asset diversification. While Bitcoin (BTC) is commonly used to store wealth, plenty of other cryptocurrencies are focusing on the development of decentralized applications (dApps), gaming platforms, or non-fungible tokens (NFTs).
Investing in several sectors is another approach to diversifying your cryptocurrency portfolio. For example, decentralized finance (DeFi) uses peer-to-peer (P2P) channels to allow users to perform transactions online without the intervention of a third party, such as a financial institution. Furthermore, the usage of cryptocurrencies in video games has grown with the emergence of an increasing number of play-to-earn (P2E) cryptocurrency games.
Decentraland (MANA), Shiba Inu (SHIB), and the newcomer PrivaCrip (PRCR) all hold potentially promising future developments that can make these cryptocurrencies beneficial and valuable additions to your portfolio.
Decentraland (MANA) Announced The World’s First ATM
Decentraland (MANA), a prominent Metaverse ecosystem, is introducing the world’s first Metaverse ATM. Users may utilize the Ethereum-powered platform to develop, explore, and monetize their content and apps. The first Metaverse allows users to purchase land to conduct transactions on the platform.
In context, the Metaverse is a hybrid of physical and online interactions in a dynamic digital realm where social situations and commerce can occur concurrently. MANA tokens are primarily used as an in-game digital currency.
According to the creators, the ATM is meant to improve the user experience and provide consumers with a seamless journey when exploring web 3.0. More information on how the ATM will work and installing one on your metaverse land will be presented at the scheduled conference this month.
Shiba Inu (SHIB) Becomes The Second Largest Ethereum Whales’ Holding
Shiba Inu (SHIB), also known as “Dogecoin’s killer,” is an incredibly famous meme coin.
SHIB is one of the cryptocurrencies with a high concentration of whales – huge crypto holders. Recent SHIB’s rebound and survival through crypto winter have likely been influenced by the whales’ investments.
According to recent cryptocurrency news, Ethereum whales increased their holdings in Shiba Inu (SHIB) by more than 580%, driving Dogecoin’s opponent from seventh to second place on their top ten holding listing. Shiba Inu (SHIB) is now the second-largest holding among the top 100 Ethereum wallets at the moment.
Privacrip (PRCR) To Improve DeFi Privacy And Security
PrivaCrip (PRCR), a notable crypto project that is new to the market, is primarily concerned with privacy and security. The developers emphasize that this ecosystem can provide the confidentiality and anonymity required for smart contract applications.
PrivaCrip ecosystem features may be applied in various fields, including decentralized finance (DeFi). The Cosmos-based, Layer-1 protocol is quite effective in terms of transaction efficiency. The developers use Proof-of-Stake (PoS) mechanism, utilizing Tendermint’s Byzantine fault-tolerant consensus techniques to boost the platform’s security and protection.
The PrivaCrip staking scheme aims to provide PRCR token holders with passive revenue while also giving them a vote in PrivaCrip DAO (Decentralised Autonomous Organisation). The DAO program is established in the project’s roadmap.
Being well-informed and updating your investment portfolio as circumstances develop may allow you to make more successful acquisitions during unpredictable periods. Keep up with market news and look into specific projects to help you decide on a long-term strategy. Managing your hard-earned money during troubled times might be challenging, but it typically pays off in the long term.
To find out more about PrivaCrip (PRCR), follow the links below:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects.