Timing is everything in crypto. And a lot can change in a year. Only a year ago, the Naira was exchanged at N413 to a dollar. Today, that price has jumped to N1,700 to $1.
In the crypto space, this difference a year can make is even more staggering. If anything the potential for exponential growth is what makes trading and investing crypto attractive to many. However, the question usually is, what are the best investments to make?
What is the best time to get in? And when should you get out?
Timing is of the essence. For many new entrants into the crypto industry seeking to make life-changing money in this bull cycle, that decision is even more pertinent.
Should you place your investments in more established assets like Bitcoin and Ethereum, which will be a secure store of value and protection against inflation, but which may not provide a significant return on investment in the short term?
Or should you rather invest in altcoins? Which are currently running hot in the market and may have the potential for a 10x, 100x, or even a 1000x profit?
The crypto industry attracts a certain kind of investor/trader, one with a healthy risk appetite. And though it may be financially prudent to invest in relatively stable assets with large market capitals, most of the crypto enthusiasts know that life-changing money is only truly possible with “altcoins”- non-Bitcoin or Ethereum assets.
So, which altcoins? Memes? Which are sky high today and dead cold tomorrow, and where if not properly timed could result in significant loss?
Well, how about utility tokens like the Bitget token, $BGB, which can be used by traders for staking, social trading, profit sharing and even receiving discounts on trading fees? This is a token with a community of users, that has solid fundamentals and provides value.
January 1st, 2023, if you had bought and held 1000 Bitget tokens ($BGB), at the then price of $0.1817, you would have had $181.7.
Today, the same 1000 tokens, would be worth about $1000 at $BGB’s current price of $1, at the time of writing this article. And that’s for doing almost nothing. Simply buying a token you believe in, and holding it for a long term.
A year ago, one $BGB token was worth N81. Today, $BGB is worth roughly N1,700 each. And a 1,000 $BGB token today is worth N1,700,000.
In the space of a year, the value of the Bitget token, $BGB, has risen from $0.394 to an all-time high, (ATH) of over $1. A remarkable 150% increase.
This is the compounding effect that’s possible within the crypto industry. And the Bitget token ($BGB) is a symbol of the possibilities that exist within the crypto space.
The 2024 bull cycle is only just beginning. Today, $BGB is only just over a dollar. Next year, given the impact of the potential compound effect within the bull run, who can say where $BGB will close? To the moon.
As part of efforts to celebrate this remarkable feat, Bitget is inviting its African community to participate in a Spin and Win event that includes $10,000 worth of prizes.
By depositing and trading on Bitget between the 20th – and 29th of February, 2023, the community stands a chance to win hot tokens like $BGB, $WLD, $TRX, $SOL, $PIXEL and $MATIC.
Bitget is one of the leading crypto exchange platforms with derivatives trading being their strong suit. They offer a wide range of services including derivatives trading, spot trading, copy trading, launchpad, savings, etc. $BGB is the native utility token of Bitget that was introduced in 2021.
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their research and invest at their own risk.
