The cryptocurrency market is as unpredictable as ever. In April 2021, Bitcoin (BTC) reached $65,000 only to drop to $28,000 in June 2021. Could BTC hit another all-time high by the end of the year? The experts are of little help: BTC price predictions are their daily bread but no one knows for certain. The most popular prediction is around $100,000 per bitcoin by the end of the year, probably because it’s the most ambitious and hopeful prognosis.
How should cryptocurrency investors act in the face of constant uncertainty?
Approaching risks with diversification is controversial. Two of the most common strategies are choosing one to two currencies in your portfolio and building a varied list ranging from coins to tokens with high and medium risks, as well as stablecoins.
The second strategy is supported by the tendency of cryptocurrencies following the BTC trends. At the same time, less popular coins below $1 are more likely to increase in value tens or even hundreds of times independent from Bitcoin. However, the risks are significant while the benefits are only potential.
Hence, in conditions of market uncertainty, it is necessary to make quick decisions and to be able to execute the necessary transactions quickly. A reliable and convenient service is Freewallet, a family of mobile-first cryptocurrency wallets with built-in functions for buying and exchanging crypto assets.
The first wallet of the Freewallet family was launched in 2016 when the cryptocurrency boom was just gaining momentum. Since then, the number of users has reached over 3 million. Today, the Freewallet family includes wallets for over 100 cryptocurrencies, available for iOS and Android, along with the web desktop version. The main advantages are:
The built-in function of exchanges for over 100 cryptocurrencies
Instant and free transactions within the service
The possibility of purchases with a credit card
Store and manage digital currencies with ease
Using Freewallet will allow you to manage your funds optimally — even in the face of market uncertainty. Do you see an opportunity in the market and need to exchange or buy coins urgently? No need to waste time transferring funds from your wallet to an exchange. You can conduct all the necessary transactions directly within the service. Focus on building your portfolio strategy with fast transactions, easy setup and proficient service. Freewallet provides all the tools a crypto investor needs.