Imagine you've just pooled your hard-earned money into crypto. It's a risky business knowing which token is trading well, what's gearing up for a bullish run, and what could be a game-changer on the crypto market. But you've finally made an investment and the coin is taking off. Let's imagine it was Bitcoin (BTC) which just broke the $28,000 price or Solana (SOL). You're feeling bullish and optimistic. You're about to go to work and preach the benefits of cryptocurrency to all your mates. And then you check and it's all gone. Someone has stolen from you and left you staring at the wreckage of your crypto dreams. This is the sobering truth of cryptocurrency where cyber threats continuously plague investors. But now, there's a remedy, called LockYourCrypto and it will help you a great deal.
The best way to think of LockYourCrypto is as a digital vault. When criminal threats present themselves the digital vault acts as a safety buffer. It allows traders to safely deposit their funds for a length of time chosen by them.
Why is this important? A report published by the United Nations found that crypto-related businesses had lost $3.8bn to criminal activity, underlining just how messy it can get for crypto traders as cybercriminals develop increasingly sophisticated methods of collecting sensitive and critical information.
It's a rather straightforward process too. You choose your vault and then decide how long you'll keep the funds there. You get the option of six months, twelve months, or a custom period. Once you do this you then determine how much crypto you'll lock away and after this receive a certificate that verifies your details. Keep hold of the certificate too as it works as proof of ownership.
Lockyourcrypto.com is a really effective shield against the rising threat of malicious hackers and so anyone who is trading in the crypto market or thinks of doing so would be wise to use it and protect themselves.
The recent crashes of multiple U.S crypto-based banks tanked the prices of the crypto market. Bitcoin was one of those, suffering as it fell away from $25,000 and was trading lower than its investors would have liked.
But now it is chasing $30,000 having just broken the $28k mark. Its price is continuously rallying and it is the frontrunner of the bullish market and has seen its value surge over 28% across the previous seven days. Speculations as to how this has happened might be to do with how the Asian market wasn't affected by the American banking collapses and this has enabled the crypto market to remain strong. Furthermore, with the major American crypto banks now in turmoil, this has left a gap that could be filled by the Asian banks.
Like a lot of cryptos, Solana did not enjoy a great start to March as its price dipped. But right now its investors are witnessing a bullish return to form as its price has soared. Currently, Solana is trading at a price of around $23.32, which represents an increase of more than 16% across the past week.
Its ecosystem, containing DeFi and NFT, is growing swiftly and subsequently, there is increasing demand for its platform too. Solana has recently struggled with network stability, prompting much irritation, but has seemingly fixed this within the past few weeks. It's often regarded as one of the more versatile layer-1 protocols. Its current goal is to supplant Ethereum (ETH) as the most dominant smart contract hub and although it's still considerably behind the ETH token, Solana's future is glowing luminously with signs of exciting things to come.
Website – https://lockyourcrypto.com/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.