If you are HODLing like me, you will know that it must not have been easy. The bear market has been going on for quite a bit. Thus, with all my cryptocurrency lying around, I started looking for a few ways to grow my investments.
To give a bit of context, I have looked at masternodes and other staking wallets. However, I was not very keen on setting up my own masternodes due to the lack of free time. Staking, on the other hand, is a story for another day. It was at this time that I came across two different cryptocurrencies that are rather interesting.
I have not seen Catex on coinmarketcap, which is relatively strange. However, I decided to buy up about 12 dollars worth of it just to see how it goes. Catex is an exchange where leaving it on it would get you returns in the form of other cryptocurrencies.
These cryptocurrencies are whatever coins and tokens that are being traded on the exchange. To give you an idea of how much you could get, this is my returns after 2 days. Not much, but hey, better than nothing.
Mind you, this is only from a small amount invested. Now imagine if I had more invested. Of course, the price of Catex is still relatively low but if it were to rise in value, it would end up like the next Cryptocurrency.
I got into Kucoin shares at the beginning of this year. At its highest point, it was approximately 18 dollars per Kucoin shares. It’s now approximately 1.20 dollars which makes it a great buy opportunity. So now on to what Kucoin Shares actually does.
Just like Catex, holding Kucoin shares at the exchange would enable you to collect small shares of all the cryptocurrencies traded there. It has been a very small amount but at least its better than nothing.
So Which Is Better?
Of course, the main question is where should your hard earned money go? Well, I do think that if you would like something a bit more proven, Kucoin shares is definitely the one to go with. It is listed on coinmarketcap and has performed quite well in the past. Furthermore, it is one of the better-known exchanges and the coin is ranked 63 on coinmarketcap in terms of marketcap.
However, if you see potential in Catex, there is really no issue with trying it out with a small amount of investment. Of course, don’t sell an arm and a leg just to invest in it. Who knows? They may just do extremely well in the future.
That being said, I highly recommend that you do your own due diligence before investing. If you have any questions, do let me know down in the comments below.
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