How To Make Money With Cryptocurrency (In 2022)
Do you want to earn money from cryptocurrencies?
Well, who doesn’t!
Hence, in this article, I am going to share with you some of the best and Top crypto`s.
Of the ways listed below, I personally use some of them to book profits, and I’m not complaining.
However, alongside making money, you also need to be aware of scams because, in a decentralized space such as cryptocurrencies, the chances of you getting caught in a scam is also very high.
Top Ways to earn money from Cryptocurrencies
Skills: Beginner
One safe way to earn money in crypto land is to buy good cryptocurrencies that have a fundamental use case and hold them until they obtain a fair market share.
For example, cryptocurrencies like:
- Bitcoin
- Ethereum
- GALA
- BNB
- MANA
- LINK
- ADA
- UNI
- SOL
…are safe buys most of the time.
You can buy and hold them for a longer-term because they might appreciate faster against the fiat pairs of USD, EUR etc.
Happy Winners
With varying degrees of utility, adoption and promise, the cryptocurrency market has managed to attract attention
Cryptocurrencies are popular all over the world. It seems like times when only a select number of investors were eager to invest in crypto. Nowadays, there is hardly anyone left who has not thought about investing in cryptocurrency. With varying degrees of utility, adoption and promises market for cryptocurrency has managed to attract attention from all corners of the world. The attention and popularity that digital currencies enjoy has certainly led investors to decipher which cryptocurrencies are the best to invest in. Against this background, here is the list of the top 10 cryptocurrencies winners to buy and hold throughout 2022.
Avalanche
Avalanche, along with Solana, is another example of a crypto that has a clear purpose, as opposed to meme coins like Dogecoin that have no purpose at all. Avalanche is one of the many projects seeking to “release Ethereum” as one of the most widely used blockchain platforms, according to cryptocurrency exchange Gemini. A $ 220 million fund has just been launched to fund the development of Avalanche, which boasts much faster transactions than Ethereum (4,500 transactions per second against Ethereum’s about 13 per second).
Bitcoin
As the oldest cryptocurrency, Bitcoin is currently retaining its place as the first cryptocurrency with the best growth potential in 2022. Financial institutions as well as other industries have begun to accept payments in Bitcoin through crypto-wallets.
Binance coin
Binance Coin maintains its position as one of the fastest growing cryptocurrencies in cryptocurrencies due to its world-famous Binance Exchange platform. It helps establish a competitive peer-to-peer trade in cryptocurrency since its launch in 2019. It is gaining popularity for its zero trading fees, multiple payment methods and deposit protection services.
Tether
Unlike some other types of cryptocurrency, the Tether is a stable currency, meaning it is backed by fiat currencies such as the US dollar and the euro and hypothetically holds a value equal to one of these denominations. In theory, this means that Tether’s value is assumed to be more consistent than other cryptocurrencies, and it is favored by investors who are wary of the extreme volatility of other currencies.
Earth’s Moon
LUNA tokens are used to bet and extract stable coins by burning, depending on the current exchange rate of the cryptocurrency. Terra uses seigniorage, which provides flexibility thanks to algorithms. Stack coins in Terra are not supported by anything and are only produced when the corresponding amount of LUNA has been burned. This allows not only to create stack coins, but also to secure assets. For example, if the LUNA exchange rate grows by 50% against the dollar, 1.5 times more TerraUSD coins will be issued. Likewise, if the LUNA exchange rate drops by 25%, then you can redeem more coins for UST.
Fetch.ai
Fetch.ai is a decentralized machine learning platform for asset trading applications, according to CoinBase. For example, one of Fetch.ai’s applications helps users of the Uniswap crypto exchange automate their trading. FET is an Ethereum-based token that runs Fetch.ai. It has risen more than 1,500% in the last year. Fetch.AI uses its technology to support real-world applications, says Ahmed Shabana, managing partner of Parkpine Capital.
XRP
XRP is one of the most shiny tokens sitting at the top of the altcoin pyramid and has shown a 377% increase all year round. Although it is one of the few tokens that has experienced massive growth rates, investors have high hopes for the future of this crypto.
Cardano
Cardano is an ‘Ouroboros’ proof-of-stake cryptocurrency, created with a research-based approach by mathematicians, engineers and cryptography experts. It is one of the best cryptocurrencies aimed at being the world’s financial operating system by establishing Defi products similar to ETH as well as providing solutions for chain interoperability, legal contract tracking and voter fraud.
Solana
Solana is one of the cryptocurrencies with the best growth potential in 2022. Solana is known as one of Ethereum’s competitors with the ability to process over 50,000 transactions per second. It is also known for offering smart contracts for cryptocurrencies.