How Can I Make Money From Cryptocurrency?

The World of Cryptocurrency saw a boom in 2021 as more and more people began flocking to the space. It is estimated that only around 4% of the World’s population have adopted some form of Crypto so far and the growth is set to continue into 2022 and beyond. You’ve seen your friend turn $100 into $100,000 purchasing pictures of Apes and buying coins with dogs on them and now you want to do the same, but, is it really that easy?

Shiba Inu (SHIB), Axie Infinity (AXS), and HUH Token (HUH) all rewarded their holders with returns of way over 3000% but as Cryptocurrency is very much still in its infancy, is this just the beginning

Here are three ways that you could make money with Crypto in 2022:

  • Long Term Holding/Investing or Holding

The simplest way to make money in Crypto is to simply forget that you have invested any money into it in the first place. Bitcoin (BTC) and Ethereum (ETH) have seen 11% and 90% gains over the past year respectfully, these are generally seen as the two most stable Cryptos and would make a solid hold for your portfolio. If you were feeling a little more adventurous and wanted to get in on the dog meme hype, a $100 investment of Shiba Inu (SHIB) this time last year would have you sitting on just over $40 million today.

  • Staking and Referring

Staking offers you as a holder the opportunity to earn rewards in the form of more tokens simply by locking your investment away for a selected period of time. This is to provide the network with stability and security and room to grow. HUH Token (HUH) takes a slightly different route and has a referral system that rewards holders with both HUH and BNB every time somebody new signs up using their referral link.

  • Play To Earn Gaming

Ever since Mark Zuckerberg announced Facebook was changing its name to META, the popularity of gaming coins skyrocketed. Platforms such as Sandbox (SAND), Axie Infinity (AXS) and Gala Games (GALA) have provided a new way for people to make money through the purchase of NFTs that then can be used as in-game items and reward the player with in-game coins for completing tasks and challenges, these additional coins can then be staked or sold. HUH Token also looks to be getting involved with a play to earn game in the works that is expected to be released in February.

All three of these strategies could provide you with incredible gains over the coming year. However, the Crypto space is extremely volatile and you should always exercise caution. This is not financial advice and you should do your own research before buying any coins. Only invest money that you are comfortable with losing, try not to FOMO into projects that have already exploded and think about coming up with an exit plan as this will allow you to not get greedy when you start to see those profits

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