Bitcoin was the first but will not be the last.
Cryptocurrency is the latest technological advancement to provide a new perspective to view economic questions, with technology the forefront of the solution. New start-ups are cropping up all the time as the technology adapts to meet the needs of the different markets it can serve. What works in the France won’t necessarily work in the Indonesia.
However, finding the right token and timing their buys proves to be one of the hardest issue retail investors (you and me) face when investing in cryptocurrency. There are infinite mining, staking, IDO programmes available to secure tokens, it only needs one to get big to make something substantial.
Thats where the Sylo Network (SYLO) comes in. Sylo is a decentralised communication infrastructure aiming provide an unstoppable services layer, free from centralised control paid for using Sylo Tickets, an off-chain, trustless payment method powered by blockchain technology. By running a Sylo Node software on their own computers and servers and activating their Seeker, users earn Sylo Tokens (SYLO) in exchange for their device providing communication services to the network.
Where our interests comes in is with their token SYLO needed to utilise their platform fully. The price has been dropping like the rest if the crypto market, SYLO sits at a price of $0.0035 at time of writing (https://coinmarketcap.com/currencies/sylo/ ). The graph below shows an idea of how SYLO could move so would suggest looking for buys in the range of $0.0025-0.0015, potentially when Bitcoin reaches a new low around the $15k or below that level. This could take time so don't jump in, waiting on a good entry is key for investments such as this to maximise returns.
While nobody knows exactly what the market will do, this token is a long term play and will require an investor to be able to be comfortable with any bear market eventualities.
Patience is essential here, the next significant bull market in Crypto could potentially start sometime between Q3/4 2023 - Q1/2 2024, which gives an idea the sort of timeline of this investment. The target to sell this coin is $0.01 or above, depending on how high the initial pump takes it and how it reacts at that level. The market cap at writing is only $8.6m, and would need a market cap around $25m to get this price at current supply level, an increase of which can happen in a bull market.
From $0.0025, that is 300% return on initial investment! This means allocating a bit of your portfolio up to this project could be worthwhile. $50 initial investment becomes $200 and $500 becomes $200! Bear in mind SYLO can get cheaper than $0.0025 to buy, and can go higher than $0.01, so greater profits.
You can buy SYLO on a number of platforms, I use Kucoin for a lot of altcoins such as this one. You can sign up using this link - https://www.kucoin.com/r/rf/rJ15SAW .
Always do your own due diligence before investing in anything, you can read their whitepaper or check tokenomics (to start) here - https://sylo.io/network/#whitepapers , https://coinmarketcap.com/currencies/sylo/
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m someone who believes and takes pride in a sense of freedom, satisfaction, fulfilment and empowerment that I get from being financially competent and being conscious managing my family’s money. The contents on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
I wish us all the best with our journey to financial freedom. Long life to all our portfolios.
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