In the rapidly evolving blockchain ecosystem, grasping new financial opportunities is essential in achieving long-term success. Long gone are the days when crypto investors would just hold their coins and tokens in a wallet and wait for the price to grow.
The May 19 market-wide implosion sent Bitcoin to an unexpected low at $30,000 US dollars left many leveraged traders liquidated in the black swan event. Altcoins were quick to follow suit as they joined Bitcoin in its plunge and hardly a token was left unscathed by the downturn as a wider-sell-off rippled across the market, resulting $437 billion being wiped off from the total market capitalization to $1.672 trillion US dollars, its lowest level since April 25.
In times of such high volatility, risk-free trading strategies such as arbitrage have proven useful in maintaining profitability.
With a robust 5-year plan to develop more innovative products, Forte 1 Technologies has already started on their DeFi milestones. Tapping on the NFT trend right now, they will be launching their own digital collectibles, Forte Speed trading cards. As part of the trading cards NFT model, they are also developing a blockchain game that utilize the trading cards in the game on racing. Users are able to participate in their weekly race games and winners will be awarded F1 Tokens.
Currently, there are now more than $100 billion worth of assets trading in DeFi platforms. Forte 1’s DeFi ecosystem with the F1 token in Binance Smart Chain, which is the fastest growing DeFi platform in the world, combined with a ready database of users, will surely enable F1 token be a valuable crypto asset for the future.
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