There are many ways to make money in the crypto-currency markets. This includes not only buying and HODLing digital currencies in the conventional sense, but also via staking, interest accounts, airdrops, games to win, and more.
Make money by trading crypto-currency pairs
One of the most lucrative ways to make money with crypto currency is to actively engage in day trading; however , there is a slight catch. You will need to have at least a basic understanding of how to analyze prices to determine if the token in question is likely to rise or fall in value. if you want to learn more about staking crypto go to the website. If you can do it, you can make money by trading crypto throughout the day. The whole concept of crypto day trading is that you will be looking to take advantage of short-term volatility. In addition, experienced traders in this market will rarely, if ever, hold a position for more than a day. The goal is to open multiple positions throughout the day with smaller but frequent profits.
Invest in crypto-currency and HODL for the long term
This method is probably the best option for beginners. This is because holding which is a play on the term "Hold", simply refers to the process of buying a crypto-currency and holding your tokens for the long term. This is no different from buying shares and holding them for several years. By doing so, you don't have to worry about short-term price fluctuations, especially when investing in strong, established crypto-currencies like Bitcoin and Ethereum. For example, in May 2021, Ethereum was priced at $4,300 per token.