Market is down but here's where you can still make profits
Market is down but here's where you can still make profits
Time's are tough and with America's Inflation rate now at 8.65% the highest since the 1980s a lot of people are withdrawing investments and calling in loans to pay down debt to beat the looming interest rate rises.
Bitcoin buy orders are fast appearing at the $14,500 mark which indicates market confidence for the token is dwindling. But it will definitely be a buyers market in the coming months if massive amounts of funds keep getting liquidated and people FUD out of Crypto.
Unlike 2017 this crypto crash is a little different, worsened by the 2008 GFC and then a global pandemic the economy is now feeling the full weight of all those crisis coming to a head.
But it isn't all doom and gloom and there are still a number of Crypto projects providing opportunity with sufficient liquidity to sustain them over the next few months and maybe more. Today we are going to take a look at some of them.
Osmosis
Osmosis the decentralised cross chain exchange still has a number of sufficient pools with good liquidity levels available to investors. It has also had steady trades despite a recent pause on the network due to a system upgrade that caused a bug to appear in paired assets and enabled people to withdraw more liquidity then they initially invested.
The bug saw a loss of $US5 Million TVL drained but many of the funds are still on chain and the network is looking at providing a bug bounty or freezing wallets with the funds to prevent it being stolen.
Purchasing the token and staking it will also net you a 53% APY and enable you to participate in governance. Osmosis also only requires an unstaking period of 14 days.
Juno
The sister blockchain to Atom that launched to be home of smart contracts is offering a wonderful return on investment currently providing a 104% APR as one of the higher paying cosmos ecosystem the chain is still in its infancy and growing with new projects set to emerge over the next few months.
Sif Chain
Sif Chain the EVM focused decentralised exchange (DEX) is offering a staggering 169% APR built on the Cosmos SDK it aims to be one of the top competitors in the DEX space. With a number of pools that further provide cheap and fast access to EVM (Ethereum) tokens.
The APR doesn't stop there on the Cosmos ecosystem with many chains offering decent APR on staking tokens or providing liquidity. You can get a full look into all the Cosmos chains and their APRs through Keplr Wallet
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