bullish

when

Rise

<ul class="wp-block-list">
  
 <li>$DRIFT’s long-term holders saw nearly 800% gains by holding through a major price rally.</li>   
 <li>Active traders missed out on full profits, as overtrading limited potential returns on $DRIFT.</li>   
 <li>Focusing on high-quality crypto projects and patience can deliver better results than constant trading.</li> 
</ul>   
<p>The world of cryptocurrencies is very unpredictable. Sometimes passive capital investments generate higher returns than aggressive trades. An example of this is the $DRIFT which is a digital asset listed on Bybit that trade recently and demonstrated this trend. For the observers of trading trends who kept $<a href="https://cryptonewsland.com/top-airdrops-in-may-2024-how-not-drift-are-revolutionizing-the-crypto-market/" target="_blank" rel="noreferrer noopener">DRIFT</a> instead of actively trading it, the-biggest absolute rewards were reaped. As at the time of writing this article $DRIFT has risen from $0.31 797% to $2.85.</p>   
<h2 class="wp-block-heading" id="h-steady-growth-vs-short-term-trading">Steady Growth vs. Short-Term Trading</h2>   
<p>As with many cryptocurrencies, trading often relies on prompt action with regards to the market, however for a project like $DRIFT it is more advantageous to have a more gradual growth rather than trading constantly. Anyone who sold $DRIFT throughout its organic surge could have made between 50% and 200% profits but failed to catch the second trend of the bullish run that most people did. This shows that quality project portfolios at times can generate more revenues than engaging actively in the cryptocurrency trading business.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/wiseadvicesumit/status/1855136764983115859 
 </div>
</figure>   
<p>Overtrading distorts net gains since investors have to sell their stocks before they get the most out of their investments. On the other hand, strategic holding can avoid these pitfalls hence allowing investors to reap from bigger and constant gains.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-balancing-patience-with-market-awareness">Balancing Patience with Market Awareness</h2>   
<p>Most virtual currency projects with sound fundamentals can experience long periods of sideways trading complemented by explosive moves upward. As seen with $DRIFT, market interest and demand can make it quickly go up right after some period of flattening. This is a good indication that in the long run, early investors may keep key tokens instead of cashing in during the early phase of the upraise.</p>   
<p>This $DRIFT case was an example where patience was needed to build that competitive space but at the same time overlaying patience is being aware of the market. But holding does not mean one cannot consider the market conditions, what it means is that you know when a particular project has the potential of generating more value in the future.</p> 
<p>The post <a href="https://cryptonewsland.com/drifts-meteoric-rise-from-0-31-to-2-85-the-case-for-long-term-holding-in-crypto/">$DRIFT’s Meteoric Rise from $0.31 to $2.85: The Case for Long-Term Holding in Crypto</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

$DRIFT’s Meteoric Rise from $0.31 to $2.85: The Case for Long-Term Holding in Crypto

Table of Contents

Crypto News Land

Other articles published on Nov 9, 2024

Traders in a Huge Rush to Accumulate Drift-Here’s What’s Awaited for the DRIFT Price Rally

SHIB’s New Partnership Sparks 5% Surge; Investors Eye FLOKI and NEIRO

Bitcoin (BTC) Sets Another New ATH at $77,252.75 Further Fueling Bullish Sentiment on its Path to...

Ethereum Price Surge Expected with Pectra Upgrade

Could the US Election’s Impact on the Crypto Market Drive Bitcoin to $80K?

Who Leads Blockchain Speed & Scalability: Solana Blockchain vs. BlockDAG Network

Join our free newsletter for daily crypto updates!