Diversifying your portfolio is a common practice among experienced crypto enthusiasts. This involves them selecting various cryptocurrencies based on a wide range of characteristics that allow them to reduce risk and possibly avoid large losses.
Buying cryptocurrencies with various use cases is a common method of diversifying crypto assets. While Bitcoin (BTC) is commonly used to store wealth, many other cryptocurrencies focus on the development of decentralized applications (dApps), gaming platforms, or non-fungible tokens (NFTs).
Investing in multiple sectors is another approach to diversifying your cryptocurrency portfolio. For example, decentralized finance (DeFi) uses peer-to-peer (P2P) channels to allow users to transact online without the intervention of a third party, such as a financial institution. Additionally, the use of cryptocurrencies in video games has increased 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 leading Metaverse ecosystem, introduces the world’s first Metaverse ATM. Users can use the Ethereum-powered platform to develop, explore, and monetize their content and applications. The first Metaverse allows users to purchase land to transact on the platform.
In its context, the metaverse is a hybrid of physical and online interactions in a dynamic digital realm where social situations and commerce can occur simultaneously. MANA tokens are mainly used as digital currency in the game.
According to the creators, the ATM is intended to improve user experience and provide consumers with a smooth journey while exploring Web 3.0. More information on how ATM works and how to install it on your metaverse will be presented at the conference scheduled for this month.
Shiba Inu (SHIB) Becomes Ethereum’s Second Largest Whale Farm
Shiba Inu (SHIB), also known as the “Dogecoin killer”, is an incredibly famous coin.
SHIB is one of the cryptocurrencies with a high concentration of whales – huge crypto holders. SHIB’s recent rebound and survival through the crypto winter was likely influenced by whale investments.
According to recent cryptocurrency news, Ethereum whales have increased their holdings of Shiba Inu (SHIB) by more than 580%, pushing Dogecoin’s opponent from seventh to second place on their top ten holdings list. . Shiba Inu (SHIB) is currently the second largest wallet among the top 100 Ethereum wallets.
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 point out that this ecosystem can provide the privacy and anonymity required for smart contract applications.
The features of the PrivaCrip ecosystem can be applied in various fields, including decentralized finance (DeFi). The Cosmos-based layer 1 protocol is quite efficient in terms of transaction efficiency. The developers use the Proof-of-Stake (PoS) mechanism, using Tendermint’s Byzantine fault-tolerant consensus techniques to enhance platform security and protection.
The PrivaCrip staking program aims to provide PRCR token holders with passive income while giving them a vote in PrivaCrip DAO (Decentralized Autonomous Organization). The DAO program is established in the project roadmap.
Being well informed and updating your investment portfolio as circumstances change can allow you to make more successful acquisitions during unpredictable times. Follow market news and review specific projects to help you decide on a long-term strategy. Managing your hard-earned money in times of crisis can be tough, but it usually pays off in the long run.
To learn 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.