Trading volume for Metaverse tokens skyrocketed by a whopping 153% over the past week. The sudden upswing coincides with a spike in volatility where $22 billion were wiped out of the total cryptocurrency market capitalization.
Taking profits
MANA ranked first among the most traded Metaverse tokens with a 982.32% week-on-week increase in trading volume. Likewise, trading volumes for GALA, SAND, and ALICE surged by 138.30%, 56.28%, and 33.48%, respectively.
From a technical perspective, BTC bounced off from the $26,828.20 support zone and could have the strength to advance toward the $32,853.80 resistance level. Slicing through such an important supply wall can encourage sidelined investors to reenter the market and push Bitcoin to the next area of resistance at around $38,531.60. Still, any signs of weakness around $32,853.80 would likely result in a retest of the $26,828.20 support.
Buying the dip is another common trading strategy that allows you to take advantage of a market downturn. By purchasing at a lower price, you anticipate a later market upturn when you can sell for a profit. With Dual Investment, it’s simple to plan for potential future dips while earning an additional interest income.
Growing your HODLed crypto
There’s a lot more to Dual Investment than just earning interest and buying or selling. You can use the product as a way of planning your trading strategies with the added bonus of APY. So, if you’re looking for a way to diversify your investments, Dual Investment is a great product to explore.
Our previous four strategies have provided simple ways to earn interest and buy or sell at preset prices according to your strategy. However, there’s also the opportunity for more advanced plays with Dual Investment.
When entering into Dual Investment, you don’t always have to be betting on market movements. In fact, you can make good use of the product even when the price remains relatively stable or doesn’t reach your Target Price. Here, we’re just looking to make returns on crypto through interest.
