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With Bitcoin Hitting $100K, Here Are A Few Ways To Make The Most of This Santa Rally
With Bitcoin Hitting $100K, Here Are A Few Ways To Make The Most of This Santa Rally
December 11, 2024
Bitcoin BTC
Historically, from 2015 to 2023, Bitcoin has recorded an average price increase of approximately 5-10% during the Santa Rally period (December 24-January 1). For altcoins, the average increase tends to be higher, often exceeding 15% during the same timeframe. After reaching an all-time high of $103,679 on December 5, Bitcoin’s price has since retreated to around $98,000 at press time.
Experts see this as a healthy correction and project that prices could climb to $150,000–$250,000, primarily fueled by the influx of institutional investors through spot Bitcoin ETFs and the increasing global adoption of crypto assets. This is further supported by elevated Bitcoin hash rate trends, reflecting sustained miner confidence, and a significant uptick in network activity.
Maximize Your Santa Rally Gains with NOW Wallet
NOW Wallet emerges as an ideal companion for navigating the upcoming Santa rally, where Bitcoin might trade above $100K. Its key features enable users to securely and efficiently store, manage, exchange, and stake a wide range of cryptocurrencies. Using NOW Wallet during this rally, you can:
Expand Your Crypto Portfolio: With NOW Wallet offering more than 70 different blockchains and over 1500 tokens, including top cryptocurrencies such as Bitcoin (BTC) popular altcoins like Monero (XMR) and Litecoin (LTC), as well as tokens from leading DeFi protocols like Uniswap (UNI), Synthetix Protocol (SNX), and Injective Protocol (INJ), you can diversify your portfolio with as many cryptocurrencies as you prefer. NOW Wallet allows the addition of tokens from Tron and supported EVM-compatible blockchains even if they are not depicted on the wallet’s interface, thus offering great flexibility in the management of the tokens and coins you own.
Buy Crypto Conveniently: Users without any cryptocurrency can purchase it directly using their bank accounts, credit or debit cards (Visa/Mastercard), or mobile wallets such as Apple Pay and Google Pay. NOW Wallet accommodates more than 60 fiat currencies, including USD, EUR, GBP, CAD, and others. However, fiat transactions are subject to the KYC verification implemented by NOW Wallet’s partner services.
Swap Effortlessly with the Integrated Exchange: Take advantage of the integrated exchange powered by ChangeNOW, NOW Wallet developer. To ensure efficient crypto exchange and seamless support of cross-chain operations, engage in direct, KYC-free crypto-to-crypto exchange powered by DEX. Sweep up to a 0.2% cashback bonus for transactions through ChangeNOW Proto enrich the functionality of your experience.
Earn Passive Income Through Staking: Stake popular tokens such as Tron (TRX), Binance Coin (BNB), Solana (SOL), NOW Token (NOW), and more to receive stable profits. NOW Token staking is active with an annual percentage rate (APR) of 6.25%, allowing flexibility in staking amounts up to a maximum of 100,000 tokens. Enjoy an anti-inflation mechanism that preserves demand by reducing the staking rewards to fifty percent of the previous after every 1.5 million tokens.
Integrate NFT and DeFi Seamlessly
Securely store and manage NFTs directly within NOW Wallet, avoiding third-party risks. Categorise and organise assets easily with an intuitive interface.
Connect to dApps via WalletConnect to access DeFi platforms, NFT marketplaces, and blockchain games. Engage in staking, lending, borrowing, and NFT trading while keeping your private keys secure.
Secure Your Assets: The Santa Claus rally can attract hackers due to increased trading activity. Safeguard your investments with NOW Wallet’s robust security features, including its non-custodial architecture, three-tier encryption, secure mnemonic phrase storage, PIN-based protection, and biometrics.
Access at any time: NOW Wallet offers seamless cross-platform compatibility, allowing users to access their wallets on iOS, Android, macOS, Windows, and Linux. This comprehensive functionality ensures secure asset management, effortless transactions, and the ability to monitor market trends from any preferred device. By supporting multiple platforms, NOW Wallet enhances accessibility and convenience, making it a valuable tool in the fast-paced cryptocurrency market.
To maximise earnings during market rallies, consider a few more actionable strategies:
Use Real-Time Swaps
The integrated exchange feature of NOW Wallet allows users to take advantage of price fluctuations in the cryptocurrency market with ease. By enabling quick swaps between different cryptocurrencies, this functionality helps users capitalise on the dynamic nature of asset prices. For example, when market conditions show an upward trend or price rally, users can closely monitor these developments to spot opportunities for profitable swaps. This capability not only empowers users to execute timely transactions but also encourages a proactive strategy that can maximise returns during periods of heightened market activity. Whether it’s seizing the moment when a particular cryptocurrency experiences a surge or diversifying holdings in response to market shifts, this built-in exchange serves as a valuable tool for strategic trading.
Participate in Promising ICOs
Participating in Initial Coin Offerings (ICOs) or token sales is a lucrative strategy to adopt during bull markets, as it allows investors to acquire tokens at potentially lower prices before they hit exchanges, often leading to substantial returns if the projects succeed. However, it is crucial to conduct thorough due diligence by researching the project’s fundamentals, including the credibility of the team, market sentiment, regulatory compliance, and the tokenomics design. Additionally, having a clear exit strategy is essential for navigating the volatility post-ICO. By carefully assessing opportunities and understanding the risks, investors can capitalise on promising projects while supporting innovative advancements in the cryptocurrency space.
Keep Abreast of the Latest News and Trends
Staying current with market news and trends can make or break your crypto success story. Market insights become more evident when you regularly check crypto-related news sources, social media, newsletters, etc. In this way, you can sense subtle shifts in sentiment and capitalise on emerging opportunities at the perfect moment. Proactive investors can ride the wave of market enthusiasm, minimise risks, and seize every chance to maximise their earnings.
In Summary
With the market’s momentum clearly on the rise, NOW Wallet provides a tactical advantage in the ongoing bull market. Whether it concerns safe storage, staking services, or fast and efficient crypto-to-crypto exchanges, it enables all users to optimise profits. When engaging in such rallies, real-time exchanges through tools such as NOW Wallet, diversification, and an interface to DeFi may enable investors to take full advantage of the market’s upward trajectory.
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