Should You Invest in Polkacity?
Investing in the stock market has many benefits, such as growing your wealth, diversifying your portfolio, and letting you take advantage of the wisdom of the crowd by going along with what everybody knows at any given time.
However, stocks can be risky in the short term, especially if you don’t research and evaluate each investment before you buy it. One stock that we’ve been keeping an eye on lately is Polkacity (PCTY). We hope this article will help you understand Polkacity and whether it’s right for your portfolio.
Here is a break down of what we will be covering today.
What is Polkacity?
If you’re not already familiar with it, Polkacity is a blockchain-based virtual world where users can own and sell tokens of physical items. Unlike 3D-printed items—that aren’t truly blockchain-ready since they don’t include hardware for hashing—the NFTs found on Polkacity are fully digital and ready for blockchain.
What are the benefits of polkacity as an asset class?
For investors looking to diversify their portfolio, it’s time to consider polkacity. The metaverse is a virtual reality community that has experienced incredible growth over its short history. Based on metrics such as Avatar count and land value, it’s obvious that existing investors are betting big on polkacity.
However, many people still don’t know how to invest in polkacity and what steps should be taken to start buying plots of land or avatars for investment purposes. Here are some tips for those considering investing in polkacity as an asset class.
What are the risks of investing in polkacity?
Any time you’re considering an investment—particularly an alternative one—it’s wise to consider its risks. That includes polkacity, which has been making headlines for its rapid rise and fall (but seemingly inevitable rebirth).
So what does it mean for a VR metaverse platform to be worth nothing? It doesn’t mean that you can’t make money from it; it just means that if your strategy is completely dependent on polkacity at some point, you could lose a lot of money. When investing, make sure you understand how your choice could affect your portfolio at large.
How can I invest in this market then?
The best way to invest in polkacity is by simply buying shares of companies that are likely to benefit from a robust metaverse. Some obvious choices include developers of VR hardware, software and accessories. Also keep an eye on AR and MR firms.
Those developing smart glasses or other wearables that project digital objects onto real world images would be wise to invest as well (although right now Apple (AAPL) owns most of that market, so you might have to hedge your bets with shares of competitors).
Is polkacity a good investment for you?
It depends on how much you’re willing to lose. Any investment is risky; make sure you know what you’re getting into before you commit. Many cryptocurrencies are backed by nothing and their value can fluctuate wildly, so only invest what you can afford to lose. If cryptocurrencies continue to become more mainstream, polkacity could be a good investment for your retirement fund.
However, it will take a lot of time for them to gain widespread acceptance as currencies. In short: play with small amounts and don’t bet everything on cryptocurrency; it may never take off in a big way. It’s safer to use cryptocurrency as a way of diversifying your portfolio—if one fails, others could still pay off big time!
Where can I learn more about this market and its opportunities?
It’s difficult to do research on an industry and your competitor if you don’t know what that industry is called. With Google Trends, we can quickly find out what terms people search for most often. As we can see here, there is quite a bit of traffic for cryptocurrency and blockchain, but there are dozens of different terms for just about every aspect of blockchain technology.
In order to compare Polkacity to other cryptocurrencies or decentralized networks, it makes sense to break down all these market verticals into smaller pieces so we can understand each one.
Polka City Predictions
So, how do you tell if Polka City is a good investment opportunity or not? It’s hard to say. The blockchain game industry has a lot of potential, but it’s also very speculative and there are still many unanswerable questions. Although blockchanin is an early mover in that space, it will have stiff competition from major entertainment companies and internet giants entering soon.
Nevertheless, blockchanin does seem to be on track for growth and could be an attractive long-term investment. Whether or not you should invest will come down to your own level of risk tolerance and unique situation as well as any information gathered from reading my previous articles on investing. So what do you think: should you invest in Polka City or not?
Don't miss any update.
Enter your email to receive the exact Investing tips i practice!