Trading EGLD is basically considered a good day to day trading choice on how to make profit and a lot of CEXs do offer staking for it and a lot of people do consider a low risk staking option even lesser risk than staking other tokens. My question is why tho? Is the project considered to be that much of a solid base project token to invest in? I don't really know much about it
What do you mean? Anything is profitable if you manage to trade it correctly, just like anything can make you broke if you can't trade it correctly. How would EGLD be different? Is it making predictable patterns that anyone can buy and sell? Because the chart just looks horrible and bouncing down in a channel that doesn't have clear enough repetitive pattern.Also, you are asking about investing and staking (that's not trading). Answer that is no, if you don't see fundamentals overcoming the fact that it's going towards next ATL any time now.
