Connect with us

Hi, what are you looking for?

Business

Double-digit inflation is very possible, here’s how to benefit through crypto

If you want to come out a winner now is the best time to invest, and this is why.

CashFi
Image courtesy CashFi
Image courtesy CashFi

This article is Sponsored Content written by a third-party for CashFi

In the US inflation figures hit a reported 8.6%, the highest reported figures in over 4 decades. The crypto market was hit accordingly with many investors expected to see heavy rises in interest rates to try and combat the abnormally high figures, withdrawing their holdings to protect themselves against uncertainty.

While there is no doubt that the market will remain turbulent in the coming months amidst the wider macroeconomic downturn alongside the breakdown of LUNA, if you want to come out a winner now is the best time to invest, and this is why. 

Financial Freedom is made in Bear markets, not Bull cycles

The term be fearful when those are greedy and greedy when those are fearful is most appropriate for the state of the crypto market right now. If you liked Solana at $200 you should love it at $30, if you liked Bitcoin at $60,000, you should love it at $30,000, if you liked Shiba Inu at $0.00008, you should love it at $0.000008. The fundamentals behind why investors liked the technology and decided to invest have not changed, merely the market has and if history teaches us anything it is that the market always recovers. Not only does the market always recover, for those who were greedy when others are fearful are the benefactors and have a shot at financial freedom.

Cream rises to the top, so do your research and benefit

Alt and mid-level market cap coins will be some of the most heavily affected in this bear market as protocols that are deemed riskier on the surface will see their liquidity tanked. However, this is potentially one of the best opportunities to find high-yield value plays within new protocols and your up and coming coins.

The cream always rises to the top in crypto, with the best technology and use cases over time reigning supreme, so it is imperative that you do your research and find the best-undervalued projects in the eco-system so that you come out a winner and have financial freedom, while others fall victim to the macroeconomic strife.

CashFi, One coin that can do it all

One new player that many investors and developers are getting excited about is CashFi (CFI). CashFi is a new protocol that looks to offer services that both retail and institutional investors can benefit from across a range of products, backed by its native ERC-20 token.

They have 3 major product offerings which are set to be released upon the conclusion of their Presale. They come in the form of a platform that allows developers to build NFT marketplaces tailored to their specifications and allows a level of interoperability that perhaps has not been seen before. The platform enables both cross-asset trading and cross-network trading, enabling both flexibility and versatility for users.

Another offering is establishing a robust platform to support a transformative movement in revamping how commodity trading is conducted. For decades there have been large inefficiencies in the commodity market, with auditing issues common and bottlenecks causing supply chain and liquidity issues for many.

CashFi’s platform will mitigate many of the issues within the audit process and provide transparent documentation of all trades to be viewed on the blockchain via CFI Synths. Moreover, the issue of liquidity is also set to be resolved through the use of these Synths as once verified, instant access to funds is available upon completion of the verification process from the trade.

Lastly, CashFi will also offer liquid staking through the distribution of a derivative of their native token that once staked will act in the same way as the native token. This will enable you to still have access to liquidity, even while your funds are staked. From this process, more incentives are given to help maintain the network through the staking process as the issue of your assets being locked will be mitigated.

All in all, CashFi looks set to be an asset that will be in high demand and could be a strong hedge against the wider inflation seen in the market.

Nevertheless, make sure that you do your own research, but don’t let the volatility in the bear market scare you from your investments. Crypto is here to stay and through crypto, you can benefit from believing at a time when many are scared of inflation. 

More info:

Digital Journal
Written By

Content written by Digital Journal sponsors.

You may also like:

Entertainment

Emmy-nominated actor Justin Hartley is chasing ghosts in the new episode titled "Aurora" on '"Tracker" on CBS.

Business

The electric car maker, which enjoyed scorching growth for most of 2022 and 2023, has experienced setbacks.

Business

A calendar marking the days day trippers have to pay entry fees - Copyright AFP GABRIEL BOUYSGildas LE ROUXVenice will this week begin charging...

World

The UK risks a major showdown with the Council of Europe - Copyright AFP Sam YehEurope’s highest rights body on Tuesday called on Britain...