There's been a rumble in the market that has got eyes on the ball to keep things rolling. FUD has got its leg stuck in hearts in decision making as the crypto market takes a heavy fall. The top cryptocurrencies are experiencing a price drop continuously and their market cap has lost X3 of its value compared to the $1 trillion which it holds.
Coupled with the fall in prices of crypto, inflation is hitting another level globally as there's a significant rise.
Cost of living is not what it used to be, going out and hearing the cost of basic commodities like foodstuffs is sickening but man's got to eat regardless. The price of necessities that are essential even fuel prices and like the the case in my area, fuel is scarce and insecurity is ever in the rise.
Having to live by crypto with me first powering down has not been good for me especially in times that there's extreme loss in value. I might sound like a hypocrite most of the times as it might not be I practice what I preach but on the contrary. There's already a rigid belief system that my confidence lies in crypto.
Nothing as changed because this is actually the working of the world, inflation rate seem to always take it toil especially when there are bubbles like this.
Everyone has got a plan with their crypto portfolio, right now it's like double edged sword having high inflation rate making spending become more and a dip in crypto prices. There still exist an opportunity that can be utilize despite what surrounds us at the moment.
Thanks for visiting my blog, till next time.
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