So if l may ask that, Supposed you had staked some token let's say the polkadot for instance. So what happens when the prices for that coin fell so badly beyond the normal surge?
What happens when the staked token fall in prices?
- Thread starter Stardom22
- Start date
In various crypto platforms and wallets and various types of crypto I always encounter incidents like this where the crypto I am staking drops in price. but because my goal is long-term so it doesn't make me panic.
Nothing happend. You should still receive your interest according to contract. Except if staking service don't close service or go to scam.
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When the price of token falls, the reward you are getting also falls. The reward you get from staking is related to the price of staked assets
The reward for the coins you are staking will not decrease in quantity because it is calculated based on the number of coins, not the price of the coins, even if the price/amount of money or asset value in USD decreases.
If you believe in the altcoin, there is no reason for you to withdraw your stake money from it. To buy any crypto, you need to be patient and wait for what you did in your analysis, otherwise you will end up getting desperate.
