There are diverse ways one can certainly invest in hive. Let me share from my own point of view on how I have been doing this.
One thing is knowing what to invest in and also asking questions. For that merit and burlarj my friends here on Hive have been the ones taking me on that path. They always share information on tokens to invest in. They also provide valuable insights that help me make informed decisions. I always appreciate their guidance and support. I'm grateful for their help and friendship.
First on hive we have the HBD, this is the hive based dollar , by saving your HBD you get 20% APR interest monthly, this is one thing any Hiver should engage in. HBD is a digital currency used on the Hive blockchain and is designed to be a stable store of value. By "saving" HBD, you are essentially holding onto it, which allows you to earn interest on the Hive blockchain. This is a great way for Hivers to earn passive income without having to do any extra work.
HIVE POWER (HP)
By powering up your HP you get 2.97% APR interest on your investments. In addition, having more Hive Power boosts you to have more Resource credit as well as earn curation rewards when you make an upvote on posts. This is also extra earnings courtesy of your Hive Power investment. This on my end is what I have been trying to meet up with and surely with dedication we can achieve it. I believe everyone should invest in Hive Power to take advantage of these benefits. Doing so will not only help to increase your earnings, but also support the Hive ecosystem and community. Lastly, it's important to stay dedicated and consistent in order to maximize your returns.
SECOND LAYER TOKENS
The hive second layer tokens are wide, this is why it is essential to know the right token to invest in. It is important to do research about the token you wish to invest in and understand its purpose and function. Knowing the underlying technology, the team behind it and the real utility of the token are all essential factors to consider before investing. Additionally, it is important to understand the risk levels associated with the investment.I have been staking up LEGION, DHEDGE, MUTERRA, POB, PIMP, VYB, AIRHAWK, etc because there are potential to them and also because merit and burlarj and some other hivers I know also are investing in them.
Some of these tokens are have potentials of growing big layer on, so it's advisable to get them when they are low now, an example of a token that is now big is the BRO token, I kinda missed out in purchasing this token when the price was still low. That's why I'm trying to get myself to invest in other tokens that I think have potentials. I'm doing research and looking for more information to get the best out of it. I'm making sure to invest wisely and not rush into any decisions.
I am sure with this information now you would be able to make a wise decision and also try to invest in what you feel is best for you. Don't feel pressured in anyway too.
This is my response to the Hive Ghana prompt
Designed on canva
