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Bitnalog CEO Dmitry Machikhin spoke about the prospects of the BTCST token
The opinions of experts may not coincide with the position of the editors. “RBC-Crypto” does not give investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.
Since 2017, many market speculators and crypto enthusiasts want to enter the mining industry, but all sorts of pitfalls and the sad experience of colleagues in the shop in the coming periods make them abandon this idea.
The situation changed in 2021, when the BTCST asset, provided with mining power, entered the market, for which you do not need to rent a room, make high-quality electrical wiring and air conditioning, and also order expensive equipment from China with delivery in a few months. It is enough to send your BTCST to staking at 16% per annum in the equivalent of Bitcoin.
Over the past year, the BTCST development team has periodically added more and more new features to its decentralized application and expanded the presence of bitcoin derivatives in the DeFi ecosystem, as well as distributing airdrops to early participants in their protocol.
Despite the fact that at the moment the efficiency of classical mining is higher than mining with BTCST, the second option is still the only way for the average investor to passively generate BTC, which, in addition, is freed from the difficulties associated with the classic option.
The risks for such an investment are very high, as for any other investment in altcoins.
Before making purchases, make sure that you only invest funds that you are prepared to lose. Be sure to read the documentation on the project website and keep your private keys in a safe place.
If necessary, you can hedge your BTCST position with the corresponding BTCST-PERP futures.
BTST is trading around $21, which is 4 times lower than its highs. Reasonable buy levels are a fairly wide range of $15-25 and of course the coin is worth staking.
The price levels of $17-20.5 per BTCST are a good area for buying, and if the level of $13.5 is lost, you should close the position and fix the loss. A general deep correction of the market can lead to such a fall.
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