I started investing in Atomic Wallet Coin after installing Atomic Wallet because it was the recommended wallet by PublishOx.
I did a mini investigation on this coin. In June, it was only about $0.60 so it was double the price when I decided to purchase it. I felt that it was overpriced but the interest gain of 17% yearly for staking is attractive enough for me to make an investment in it.
Below is annual interest for staking AWC
10 to 999 AWC – 17%
1000 to 9999 AWC – 20%
Over 10 000 AWC – 23%
As I am staking below 1000 AWC so I am getting 17% interest yearly. The payout of the interest is done weekly. It is good as I can stake the extra AWC that I get to have a nice compound interest.
We do get AWC cashback for each completed exchange when we hold certain amount of AWC tokens to qualify for its membership. That would mean that our AWC tokens would increase simply using its exchange within the wallet.
The recent pumping of ETH has caused AWC to increase in price in an unexpected way to me.
I initially thought that US$1.20 was already quite overpriced for this coin but it was pumped as high as US$2.25 based on the data that I get from coinmarketcap.
If I were to sell my AWC that I acquired for staking, I would have earned almost double actually.
I did not expect it to rise together with ETH pumping.
In the crazy world of crypto, we can never totally predict what would happen next.
I would probably still be holding it for staking but the increase of the price really has tempted me to sell my AWC for a quick profit.
Most investors of AWC would probably advise me to hold AWC as a long-term investment since the interest is so good at this moment. (Some may say that this interest may not last forever)
Thanks for reading my post and I hope you enjoy it.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.