Surat (Gujarat) [India], March 1: People’s interest in crypto has skyrocketed in the past few years. It’s a hot topic not only among the investors but in popular culture too. However, when it comes to cryptocurrencies, one of the biggest challenges for investors is not getting proper guidance, particularly for the investors who are new to digital currencies. As crypto is an emerging concept, a large chunk of people is still not equipped with proper crypto literacy. Therefore, it’s essential that they develop a sense of how the digital-currency world works before start venturing out into the world of crypto. To promote safe crypto investment among newbie investors, the entrepreneur trio of Meet Godhani, Pratik Bodra, and Parth Parsana is all set to launch a cryptocurrency.
Meet Godhani, Pratik Bodra, and Parth Parsana these young entrepreneurs have over six years of experience in the field of cryptocurrency and are working to launch a cryptocurrency based on Web 3.0 which will have Metaverse, DeFi, and NFTs as its utility.
Meet Godhani says “Metaverse and NFTs are going to be the next mainstream in the world. Metaverse is the virtual world where you can explore anything just like how you do it in the real world. People can interact and explore places like never before. The one place for learning and earning that no one can control, and that is the power of Blockchain.’’
Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin. Crypto’s fungibility makes it a trusted means of conducting transactions on the blockchain.
On the other hand, NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. We are in the early days of the NFT world. For many, the jury is still out on NFTs and the impact that they will — or won’t — have on society.
Parth Parsana says “NFTs are risky because their future is uncertain, and we don’t yet have a lot of history to judge their performance. But keep in mind, an NFT’s value is based entirely on what someone else is willing to pay for it. Therefore, demand will drive the price rather than fundamental, technical or economic indicators, which typically influence stock prices and at least generally form the basis for investor demand.”
“Cryptocurrencies are volatile and unpredictable. It is very important for an investor to not get caught up in the hype. If you’ve decided to invest in the cryptocurrency market, as with any other investment, it is important to do your research. We here will also guide you through things you should know before you invest and always remember Timing is the Key’’ says Pratik Bodra.`
As cryptocurrencies are getting closer to mainstream asset classes, both seasoned and beginner investors require proper support and guidance to minimize financial risks in the volatile of crypto. In this scenario, the entrepreneur trio is looking forward to easing out the crypto journey for investors with their newest initiative.