How profitable is trading EGLD | Bitcointalksearch.org

Patikno

full member

Activity: 119

Merit: 82

If you know, you know!

Quote from: notMeNahh on November 06, 2024, 08:54:32 AM

Trading EGLD is basically considered a good day to day trading choice on how to make profit and a lot of CEXs do offer staking for it and a lot of people do consider a low risk staking option even lesser risk than staking other tokens. My question is why tho? Is the project considered to be that much of a solid base project token to invest in? I don't really know much about it

I don't know much about the project either, as far as I know they are a project formerly known as Elrond, a long-standing layer 1 blockchain. Today's chart shows a price increase on their token, it's 9%. I also see staking offers for this coin on various CEXs, there should be something there.

albon

legendary

Activity: 1862

Merit: 1518

If you're referring to the MultiversX token, which has the symbol EGLD, it is indeed listed on many CEX platforms. Take a look at [CoinmarketCap]. Indeed, centralized exchange platforms offer staking for this coin as well as other alternative tokens, and all of them involve risks. You should not rely on people’s estimates of their account for risk assessments of a particular coin.. You should learn this yourself through its official website, white paper, project developments and the coin’s performance through its charts.

As for me, I haven't explored this project before, as there are many other projects in the market. It would be best if you did your own research and not rely on anyone else's decisions or recommendations. Also, I do not prefer Staking, especially if it is on CEXs, and I do not see their profits as anything more than dust.

notMeNahh

newbie

Activity: 11

Merit: 0

Trading EGLD is basically considered a good day to day trading choice on how to make profit and a lot of CEXs do offer staking for it and a lot of people do consider a low risk staking option even lesser risk than staking other tokens. My question is why tho? Is the project considered to be that much of a solid base project token to invest in? I don't really know much about it

Topic: How profitable is trading EGLD (Read 31 times)