The current crypto winter has decimated portfolios — especially those heavy in altcoins like Ethereum, Solana, Chainlink, and others. Categories like DeFi and Metaverse tokens were hit especially hard as capital fled the crypto market en masse.
Despite the state of despair all across crypto, the Covesting copy trading module global leaderboards are packed with high-ROI traders who have managed to stay profitable during the brutal bearish trend. Because the module is designed to let followers automatically copy the trades of these top traders, it also means that it has become a vital tool for those seeking ways to survive crypto winter and last until Bitcoin summer and altcoin season is back once again.
Here is how to bootstrap success during a bear market and outlast crypto winter using the Covesting copy trading peer-to-peer community.
Plenty Of Pain, Only Way To Gain Is PrimeXBT
Go ahead and check the prices of any of the top 100 cryptocurrencies and at minimal the recent drawdown sapped as much as 74% out of asset valuations from the top to the current low. For months, portfolio apps have become too painful to look at, with losses to the tune of 90% if the said portfolio was focused on previously trending altcoins.
During the same timeframe as inflation began to skyrocket and recession fears boiled over, taking down both crypto and the stock market, Covesting traders amassed several thousand percent in profit. The key to their success lies in the professional trading tools provided by PrimeXBT, leveraged long and short positions on more than 100 different trading instruments, and years of experience under their belts.
Covesting Copy Trading Keeps Profits Coming
The Covesting copy trading module is a peer-to-peer copy trading community exclusive to PrimeXBT via a B2B partnership with a European fintech developer going by the same name. The team also created the COV token, the native cryptocurrency token to the Covesting ecosystem.
Account types are split up into two types: strategy managers and followers. Strategy managers opt to have their performance tracked within the transparent global leaderboard system in order to compete with other top traders and attract potential followers. Followers automatically copy the trades of these high-ranked for a fast track to serious profits.
Follow Top Performing Strategy Managers
Followers never have to manage positions themselves, only who they follow and for how long. They are privy to all the performance data they need, like win and loss ratio, margin allocation levels, and total profits. Followers also get stop loss and take profit tools, and can follow more than one strategy for a less-risky portfolio of traders.
Strategies are responsible for maintaining a high ROI and therefore a high rank. They can also improve their income streams by promoting their earnings on social media and elsewhere online to bring in more and more followers. The more followers, the more possible capital and the higher the profit potential.
COV Token: The Membership To Success
Both traders benefit immensely from activating Advanced, Premium, and Elite COV token memberships. Each offers an increasingly better set of utilities for followers and strategy managers. Followers can eliminate following entry fees, and increase the profit share from successful trades. Strategy managers get substantial trading fee discounts putting more money back in their pockets.
COV token memberships also activate up to a 2x APY boost on Covesting yield accounts. COV token information is available within the MyCOV section of PrimeXBT. COV tokens can be exchanged on PrimeXBT or purchased at KuCoin or Uniswap. Yield accounts are another alternative traders can use for passive investing while volatility in crypto remains high.
Conclusion: Consider Copy Trading To Cope With Crypto Winter
With a large list of top traders to choose from within the Covesting leaderboards, followers always have a way to beat the cold snap of crypto winter and keep gains coming during a bear market.
Strategy managers join the upper echelon of the trading elite, and compete for the attention and capital of a rapidly-growing list of followers. And it all happens exclusively with the Covesting copy trading module on PrimeXBT. Sign up and copy top traders today.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
