What's The Best Move
Perhaps you are one of the many users earning PRE tokens by making use of Presearch. If you are, then you would have noticed that the token price is rather suppressed currently and that selling your tokens would be somewhat unprofitable. In a case like this, one has to seek out alternative ways of putting these tokens to work, in order to profit in some way, shape or form. Looking at the price history of PRE, it becomes apparent that though there has been some price appreciation, prices are currently a far cry from levels seen in May this year. To be honest, the price is now only marginally higher than it was a year ago.
The chart above clearly shows how much value has been lost during the last few months of bearish price action. Cashing in your PRE at these levels would be a rather unprofitable move in my opinion. So what can you do? Well, unless you have in excess of 1000 PRE tokens, you are forced to hodl. The reason being that the minimum withdrawal is 1000 PRE. If you are fortunate enough to hold more than 1000 tokens, then you might find the following option fairly attractive.
Earn 25.1% On Your PRE Holdings
Mycointainer offers a number of staking opportunities for a number of different coins and tokens, including PRE! The one really attractive aspect about Mycointainer is that there is no minimum deposit required in order to earn staking rewards. Users can deposit any amount and begin earning rewards. Currently, the staking platform is offering 25.1% on your PRE deposits, which is a neat way to grow your holdings while you wait for prices to recover, or reach even higher levels.
This can also act as an encouragement to reach the 1000 PRE mark, in order to withdraw your holdings and begin staking. Markets appear to be shifting again and things are starting to look up, which will be an encouragement for many to get their coins into passive earning mechanisms.
I am aware that a fair amount of people utilize Presearch, as well as Brave and maybe even CryptoTab in order to monetize their time online. This is simply a way to compound those earnings. There is actually a pretty amazing list of coins available on Mycointainer and definitely worth a look. Solana, Polkadot, Kusama, Cardano, Cosmos, Polygon, Serum, AAVE and many more!
Mycointainer also offer cold staking and delegation options with quite a decent list of available projects. This is most likely going to grow quite significantly in time, as it is definitely the safest way to stake your coins.
There seems to be a lot of growth and activity happening on this platform and is probably one of the best staking platforms around currently. Mycointainer has also recently formed a partnership with Crypto.com and are offering bonuses on CRO staked on the platform. These bonuses are relative to the time staked and is on a first come first serve basis.
There are a lot great staking opportunities available here and PRE happens to be one of them. This is not investment advice, or an endorsement of any services mentioned. Please do your own research and enjoy the journey!