December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
APR vs APY: Why do you earn differently with the same Interest?
Many people invest or borrow money, and when they see the Intrerest Rate, they jump right in. However, there is a pitfall hidden here – APR and APY look similar, but the difference can significantly affect your returns.
APR is simple Interest Rate, APY is the real yield.
APR (Annual Percentage Rate) = Interest calculated only on the principal, not considering compound interest. For example, if you borrow 1000, with an APR of 15%, you will pay 150 in interest for a year, quite straightforward. This is used for credit cards, mortgages, and consumer loans.
APY (Annual Percentage Yield) = Taking compound interest into account. Interest earns interest, and each time interest is calculated, it is added to the principal. With the same 15% APY, if calculated daily, you will actually earn significantly more than 15% APR.
Numbers Speak: How Big is the Gap?
Assuming you invest 1000.
The more frequently interest is compounded (daily > monthly > quarterly), the more pronounced the difference between APY and APR.
When to look at APR and when to look at APY?
📌 Check APR: Credit cards, mortgages, auto loans (the ones you need to pay back) 📌 Check APY: Bank fixed deposits, funds, Staking, wealth management products (that you want to profit from)
Conclusion: When investing, don't just look at the nice APR number, ask what the APY is — that's what you can actually get.