Malaysia, 30th Sep 2024 - The current crypto market continues to be sluggish, and a turnaround seems unlikely in the short term, leaving investors generally feeling lost. In this context, managing one’s funds has become a hot topic in the market.
The Crypto Market’s Persistent Decline
The cryptocurrency market in 2024 is markedly different from previous years. Although Bitcoin’s price surged from $26,000 to over $70,000, following a series of positive events, the crypto market has seen the most severe correction of this bull cycle, experiencing several significant declines, with panic spreading throughout the market.
Past bull markets were often accompanied by new concepts, such as the ICO craze of 2017 and DeFi and NFTs in 2021. However, this year’s market lacks new narratives. Most projects are merely replicating old models, and investors are losing interest, with many even doubting the potential of crypto projects to solve real-world problems and achieve widespread adoption.
After six months of decline, the current market resembles a frightened bird, with sentiment downcast and increasingly reliant on external macroeconomic factors. Although the Federal Reserve has initiated an interest rate-cutting cycle, which is favorable for risk assets in the long term, its focus on core inflation may lead to more cautious monetary policies, exacerbating short-term volatility. There are growing concerns that the U.S. economy is heading toward a recession.
Earn Products Are in High Demand
The complex market environment has led to a loss of confidence among investors. One of the most universal and practical strategies is reducing positions and increasing the proportion of holdings in USDT. Earning products that can generate extra income during this quiet market period have become highly sought after.
Unfortunately, the yields of most earning products offered by current platforms seem rather underwhelming. For example, in USDT savings accounts, the annualized yield from the three largest CEXs is around 1.8% at Binance, 2% at OKX, and Bybit, although claiming 7.23%, only offers this rate on amounts up to 500 USDT, with anything beyond that earning just 2.23%. For fixed-term products, annual yields are generally around 3%. While some platforms occasionally launch higher-yielding products, they are often in short supply and difficult for ordinary investors to grab. On-chain DeFi projects are similarly lackluster, with Curve offering an annualized yield of about 2.44% on stablecoins, and Aave and Compound at 1.5% and 2%, respectively.
The yields from earning products fail to meet investors’ asset growth needs, and the market is in urgent need of channels that can ensure both asset security and reasonable returns. Against this backdrop, 4E’s Earns have emerged as a standout option.
4E Earns: The Perfect Balance Between High Returns and Flexibility
4E, a platform that has quickly risen this year, launched a range of competitive products during its anniversary celebration, cleverly balancing high returns with liquidity, offering investors a highly attractive choice.
Flexible Earns: Compared to the approximately 2% annual yield offered by major platforms, 4E’s flexible savings accounts offer an annual yield of 2.5%. Unlike similar products on the market, this rate applies to all deposits without any tiered restrictions. The “deposit and withdraw anytime” feature of 4E’s flexible savings is a flexible and beneficial option for investors holding USDT and waiting to trade at any moment.
Fixed-term Earns: To meet the diverse needs of users, 4E offers three USDT fixed-term products, with annual yields of up to 5.5%, nearly double those of similar products on the market. Specifically, these include a 14-day term with a 5% yield, 30 days at 5.5%, and 90 days at 5.5%. For those who feel there are no immediate market opportunities, selecting a fixed-term savings product based on their liquidity needs can provide a relatively stable return.
Quantitative Earns: For investors seeking higher returns, 4E’s quantitative earnings offer an annualized return of 6%. These products utilize market data and algorithmic models for automated trading, generating high returns for investors in a short time.
On-chain Yield: Compared to the annual yield of around 2% offered by DeFi projects on USDT, 4E’s on-chain yield reaches an impressive 5%. Investors don’t need to manage on-chain wallets and smart contracts themselves, as the platform handles the investment into on-chain protocols, saving both time and effort.
Through its diverse range of earning products, 4E not only meets the demand for high returns but also ensures liquidity and safety, providing investors with a comprehensive earning solution.
In the current sluggish crypto market, frequent trading could increase the risk of losses, making prudent fund management more important than ever. A steady investment strategy and patiently waiting for a market turnaround might be the wisest course of action for now. With its diversified earning solutions, 4E allows investors to earn stable returns even during the market’s "off-season," preparing them for the market’s eventual rebound.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Organization: 4E Exchange
Contact Person: Rachel Soh
Website: https://www.eeee.com/
Email: Send Email
Country:Malaysia
Release id:17611
The post Navigating the Crypto Slump: 4E Exchange Offers Stability and Growth Amid Market Uncertainty appeared first on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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