If you take a look at CoinMarketCap, it seems that the current crypto-market is characterized by the static positions of Bitcoin [BTC] and Ethereum [ETH], as well as by dynamic moves of altcoins that can change by 30% each day.
Because altcoins have the potential to increase in price much more quickly than the top 10 crypto coins, some professional and amateur crypto-enthusiasts are taking advantage of this trend. They purchase altcoins at a low price while selling them at a high price. This method of generating profit works well when these crypto-traders have extra cash available. However, having the cash these days is not always the case.
Because the majority of crypto-holders [HODLers] have their Bitcoin and Ethereum trapped in digital wallets, they can hold crypto and run out of cash for their other transactions. For such individuals, YouHodler has launched an online tool that can help provide temporary cash infusions.
YouHodler’s unique crypto-backed loan platform is designed to help crypto-holders take advantage of instant crypto-backed loans at a low-interest rate. To make quick profits, crypto-traders can borrow money from YouHodler to buy altcoins at low prices and sell these altcoins at higher prices.
What is YouHodler?
YouHodler is a crypto-backed loan service that offers instant crypto-backed loans. The platform contains features such as the highest loan-to-value ratio [70%] for the market and a low-interest rate for short-term loans [3%].
How does YouHodler help crypto-enthusiasts make money?
On YouHodler, the user creates his/her account and moves his/her crypto to the YouHodler wallets [this is similar to how it works for Coinbase, Binance, or any other exchange]. Once the crypto is moved to the wallets, the crypto HODLer can then select the crypto as collateral for a cash loan.