The market is still crashing harder than expected, and if you’ve been holding on through this downturn, it’s understandable to feel the pressure. Many traders are experiencing heavy losses, and one can only empathize with those who’ve been completely wiped out.
But here’s the good news: it’s not too late to protect your portfolio. With the right strategies, you can safeguard your assets and avoid deeper losses. Here’s how:
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1. Move to Stablecoins 💸
If the market is on a consistent downward trend and your losses are mounting, it might be time to hedge with stablecoins. These digital assets are pegged to the US dollar, offering a safe haven during volatile times.
Top Stablecoins to Consider:
USDT (Tether): The most widely used stablecoin, backed 1:1 by USD.
USDC (USD Coin): Trusted and fully backed by dollar reserves.
DAI: A decentralized stablecoin algorithmically pegged to USD.
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