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How to Invest your Crypto in 2021: Best Proven Strategies

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From this article, you’ll get to know how to make money on crypto with minimal effort. These strategies will come in handy even if you have little or zero experience in handling cryptocurrencies.

If you want to make money on crypto, active trading is not the only way out. In this article, you’ll find three simple and efficient strategies for making passive income on cryptocurrencies.

Earning interest:

Interest rates at legit platforms won’t make you a millionaire in one day. But the more crypto you have, the more you can earn.

What is the interest rate? How does it work?

It works on the same principle as a savings account in a conventional bank. You open a cryptocurrency interest-earning account and get a yield for letting cryptocurrency exchanges and service providers to borrow your tokens.

About the assets BTC, ETH, USDT

Seasoned crypto owners recommend newcomers to invest in cryptocurrencies with the highest market cap — ideally, in the ones that make it into the top 30. To check the current rating, visit the CoinMarketCap site.

BTC was the first-ever cryptocurrency and ETH was the first-ever altcoin. USDT is the most prominent cryptocurrency that is tethered to fiat money. Each of these assets would become a good start for a novice investor.

Earning interest platforms

To be able to earn interest, you should choose a reliable platform. You shouldn’t trust platforms that promise an annual percentage yield (APY) of 50% and more. Something around 17% is probably the maximum realistic yield.

Midas.investments

This credible and reputable ecosystem was launched in 2017 to create and manage crypto passive income streams without hassle and FOMO. Midas.Investments is the custodial crypto-investment platform focusing on producing passive income on the core assets, such as BTC, ETH, USDT, BNB, and DeFi market. Its team gathers the best yields from the market and makes them accessible to anyone. Over 15,000 investors from all over the world trust this platform and have deposited over $21M there.

What assets are available?

At Midas.investments, you can choose from dozens of assets — including the three top ones that were mentioned above. All the coins were hand-picked by the expert team and you’ll have good chances to earn money on them.

BTC – up to 17%

Today, Bitcoin is considered an important hedging asset and the “digital gold”. It happened to be the first decentralized p2p payment network and it functions without central authorities or intermediaries.

ETH – up to 23%

Ethereum is a smart contract platform that enables developers to build decentralized applications (DApps) on its blockchain. ETH is the native digital currency of this platform.

USDT – up to 17%

This is the digital currency of a blockchain-enabled Tether platform that was built to facilitate the use of fiat currencies in a digital manner. Tether enables its customers to transact with traditional currencies across the blockchain, quickly and easily.

Binance

This crypto exchange was founded in 2017. In 2021, it became the largest platform of this sort on a global scale in terms of trading volume. It offers the following 7-day APY for the three major cryptocurrencies: BTC — 1.20%, USDT — 2.00%, ETH — 0.24%.

Blockfi

This company was founded in 2017 to provide credit services to markets with limited access to simple products like a savings account. If you stake 1 BTC here for 1 year, you’ll get 0.04 as a reward. If you stake 1 ETH, you’ll get 0.05 ETH in 12 months and if you stake 1 USDT, you’ll get 0.09 USDT.

Staking

If you stake crypto, you can become a validator of its network. This will make the network more secure. You’ll earn rewards for actions that enable the network to reach a consensus.

What is staking? How does it work?

You deposit your crypto to activate validator software. You’ll need to store data, process transactions and add new blocks to the blockchain.

Solution

To stake your savings, you should find a reliable platform — and that would hardly be the same platform that you use to earn interest.

ETH

For staking ETH, consider ethereum.org/en/eth2/staking/. Mind that won’t be able to withdraw your stake until future upgrades are deployed. Also, you’ll be able not only earn rewards for doing work that benefits the network but also get penalties if you go offline, fail to validate or carry out malicious actions.

Where to find staking opportunities?

You can consider, for instance, the dropsearn.com platform. If you stake ETH here, you can expect to get an 8.78% reward or an 8.54% adjusted reward (it is the nominal yield minus inflation). Your compound reward will be 9.17% — that is the rate of return taking into account reinvestment of profit. Your adjusted compound reward will be 8.92%.

Buying and Hodling

This is the easiest way to handle your crypto. You buy it, you keep it, you wait until its price reaches its maximum — and then you sell it.

Pros

Such an approach to earning passive income has three major advantages.

No time wasting

Even the busiest people can find time to buy crypto and find a secure wallet for it.

Large investing horizon

The longer you hodl your crypto, the higher its price might raise (however, there are no guarantees!).

No unnecessary actions

You just don’t need to take care of anything.

Cons

However, the easiest path inevitably has some shortcomings.

No self-development

You don’t expand your knowledge about crypto and you might miss many lucrative opportunities.

The opportunity to earn passively on staking

The only difference between hodling and staking is that you should put a bit more effort into the latter. You need to find a trustworthy platform and explore its conditions — but this will pay off.

No rebalancing

Over time, the value of any asset might fluctuate. You might want to rebalance your portfolio to get more income from the most promising assets.

Conclusion

Hopefully, this information came in handy and now you have a better vision of passive crypto investing. As you see, you can make good money on crypto even if you’re not planning to trade actively.

Why is it important to use investment strategies?

By using an investment strategy, you’ll minimize your risks and will be able to secure better gains. You can distribute your assets into three parts and try each of the strategies that were described in this article.

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Source: https://coinpedia.org/guest-post/how-to-invest-your-crypto-best-proven-strategies/

Coinpedia

ADA price analysis: When Is The Big Awaited Breakout Coming For Cardano?

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After touching the crucial $40k milestone, Bitcoin fell, dragging on the overall sentiment towards Altcoins. The majority of Cryptocurrencies are trading in the green, with ADA now trading at $1.29. Cardano appears to be struggling with the upswing after achieving a price barrier of $1.4.However, the uptrend was short-lived, and ADA fell down to $1.25 levels.

Well, one thing is certain that the price of ADA Token has recently seen a surge in demand near the $1 support level. The third and final phase of Cardano’s Alonzo update, dubbed purple, has begun and is also anticipated to be completed by the end of next month.

The Plutus application’s backend is written in Javascript, and the developers are working on adding support for web browsers and mobile devices. Cardano’s smart contracts will now be compatible with web browsers.

The coin price can support the $1.15 and $1.20 levels, according to the pivot point standard. If bulls maintain their momentum, the price might approach $2.

Cardano’s price is currently trading at $1.29 and on the upside. The first big resistance ADA must overcome is at $1.30, followed by $1.36. The gates to the significant $1.40 level open up after breaching both of these levels. 

On the downside, $1.20 is the first support level, followed by $1.16 and $1.10.

The majority of the moving averages and the momentum indicator on the 4-hour chart point to a strong bullish bias.

Furthermore, all of the important EMAs are increasing, indicating a substantial likelihood of bullish crosses. Bears appear to be gaining traction on the four-hour chart, according to the Relative Strength Index (RSI).

The Moving Average Convergence Divergence (MACD) indicator, on the other hand, displays a bullish impulse, indicating that bulls have the upper hand.

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Source: https://coinpedia.org/price-analysis/ada-price-analysis/

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Coinpedia

ADA price analysis: When Is The Big Awaited Breakout Coming For Cardano?

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After touching the crucial $40k milestone, Bitcoin fell, dragging on the overall sentiment towards Altcoins. The majority of Cryptocurrencies are trading in the green, with ADA now trading at $1.29. Cardano appears to be struggling with the upswing after achieving a price barrier of $1.4.However, the uptrend was short-lived, and ADA fell down to $1.25 levels.

Well, one thing is certain that the price of ADA Token has recently seen a surge in demand near the $1 support level. The third and final phase of Cardano’s Alonzo update, dubbed purple, has begun and is also anticipated to be completed by the end of next month.

The Plutus application’s backend is written in Javascript, and the developers are working on adding support for web browsers and mobile devices. Cardano’s smart contracts will now be compatible with web browsers.

The coin price can support the $1.15 and $1.20 levels, according to the pivot point standard. If bulls maintain their momentum, the price might approach $2.

Cardano’s price is currently trading at $1.29 and on the upside. The first big resistance ADA must overcome is at $1.30, followed by $1.36. The gates to the significant $1.40 level open up after breaching both of these levels. 

On the downside, $1.20 is the first support level, followed by $1.16 and $1.10.

The majority of the moving averages and the momentum indicator on the 4-hour chart point to a strong bullish bias.

Furthermore, all of the important EMAs are increasing, indicating a substantial likelihood of bullish crosses. Bears appear to be gaining traction on the four-hour chart, according to the Relative Strength Index (RSI).

The Moving Average Convergence Divergence (MACD) indicator, on the other hand, displays a bullish impulse, indicating that bulls have the upper hand.

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Source: https://coinpedia.org/price-analysis/ada-price-analysis/

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Coinpedia

Know how Monero’s Supply Capitalization adds value to cryptos

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Not all cryptocurrencies offer the most collective features of privacy, security, or fungibility at the basis of their fundamental code level.

But Monero does, the coin offers all of these features that make it a viable crypto choice among investors.

The Project is also backed by its crypto exchange platoform Monero exchange. This makes it fundamentally strong.

Monero was launched in 2014 and is widely regarded as the world’s first untraceable, private, and secure digital currency of the web.

Also referred to more secure and decentralized protocol than of Bitcoin.

However, the truth is that Monero was formed from scratch and isn’t just some other cryptocurrencies that have Bitcoin’s core code.

The Supply Capitalization of Monero

Calculating the entire Monero supply capitalization is pretty simple and straightforward.

It’s been widely projected that Monero will hit 18.4 million supply capitalization and circulation on May 31st, 2022, and then, 0.3 XMR per minute will be consistently fed into the system.

This approach is widely known to be a better alternative for miners than relying on transactions fees.

This continuous supply of 0.3 XMR/minute will also consider the availability of total supply and miner rewards

Apart from that, there’ll even be a suitable rate of inflation maintained by this supply as the years goes by.

Monero appears slightly different from other cryptocurrencies as a token sale wasn’t held for it, neither were tokens pre-mined.

As at the time of penning this article, the circulating supply capitalization of Monero (XMR) stood at 17,703,471 USD at a unit price of $207.65.

The Monero cryptocurrency is designed to be immune to application-specific integrated circuits, which are most usually used for mining new Bitcoin.

In the theory, this implies that it is very possible to mine Monero using everyday computing tools and equipments.

How Supply Capitalization Enhances the Value Of Cryptocurrencies Supply capitalization is regarded as an indicator.

This Indicator measures and keeps track of the availability and value of a cryptocurrency.

Supply capitalization is also widely used as an indicator of the dominance and recognition of cryptocurrencies around the world.

Although this metric is widely used, more information before making trading decisions based on it is usually advisable

Overall, the availability of supply capitalization of a cryptocurrency is directly proportional to it dominance in the market.

As a result, supply capitalization is widely considered by many as the only most essential indicator for ranking cryptocurrencies.

Calculation Of Supply Capitalization

To calculate supply capitalization, the supply capitalization of a cryptocurrency is first decided, then the present price is multiplied by the circulating supply.

This is represented as:

Supply Capitalization = Present Price X (multiplied by) Circulating Supply

All cryptocurrencies’ prices are usually always calculated by their volume-weighted average of all their costs from various exchanges like the Monero exchange.

Investors should always have in mind that it’s essential to watch the circulating supply capitalization of a cryptocurrency – not the entire supply.

This is because it is only the circulating supply capitalization that is really available on the market.

The supply capitalization of a cryptocurrency more or less reflects the recognition of a coin over an extended term.

Even though the availability supply cap of a cryptocurrency remains seen because the most essential indicator of relevancy, the concept behind this is usually subject to criticism.

The theory is that the available supply capitalization of a cryptocurrency more or less reflects the recognition of a
coin over an extended term.

Cryptocurrencies with large-supply capitalization are widely considered as safe crypto investments. These are companies with a supply capitalization of more than $10 billion.

Investing in cryptocurrencies with large-supply capitalization is typically a conservative strategy.

These cryptos are most likely to be less volatile than others but are nevertheless still more volatile than traditional assets such as stocks.

On the other hand, cryptocurrencies with Mid-supply capitalization are more volatile and even have higher growth potential compared to large-supply capitalization cryptocurrencies.

Cryptocurrencies with small-supply capitalization are usually highly volatile and thought of as a highly risky investment.

However, investors must remember that they’ll also crash, literally from one minute to the next minute.

Monero Coin Price History and Supply Capitalization

Monero first hit the market in 2014 and started trading at around $1.65. Monero’s price as of today is set at $207.65 with a 24-hour trading volume of $133,233,579.

Monero Exchange is suggested to be the best platform to trade Monero Coins.

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Source: https://coinpedia.org/guest-post/moneros-supply-capitalization-adds-value-to-cryptos/

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Big Day Ahead For Ripple Labs, How Will The Events Unfold? Will XRP Price Break Past the $1 Mark?

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U.S. Magistrate Judge Sarah Netburn granted permission for Hinman’s deposition to go forward with a delay to allow the SEC and Ripple to reach an agreement on the scope of the deposition. Hinman’s deposition was supposed to take place on July 19th. Tomorrow is William Hinman’s long-awaited deposition the former head of the SEC’s Division of Corporation Finance

Because of their intrinsic decentralization, Hinman stated publicly in 2018 that BTC and ETH should not be considered securities.

In recent weeks, Ripple has had a string of victories. The SEC v. Ripple litigation took a crucial turn last week when SEC Commissioners Hester Peirce and Elad Roisman made a public statement. 

In December 2020, the Securities and Exchange Commission (SEC) filed a complaint against Ripple, saying that the San Francisco-based payments technology company’s issuance of XRP was an unregistered securities offering valued at more than US$1.38 billion.

XRP Price Analysis

With the rest of the market, XRP Price has had a rough few days. With the recent bullish moves in the crypto market, it appears that XRP has returned to the area of resistance it has been in for the past month. 

The price of XRP is currently $0.6249, having risen to an intraday high of $0.63 before retreating. The first major barrier is at $0.6769, which if broken opens the doors to $0.72 and $0.7648.

On the other hand, at $0.61, XRP needs significant support. If the bears gain control, the first support level is $0.58, which is followed by $0.54 and $0.50. 

Hinman’s deposition, which takes place on July 27, is eagerly anticipated since it has the potential to function as a significant catalyst for the XRP price. Prepare for a big increase in the price of XRP if all goes Ripple’s way.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://coinpedia.org/ripple/big-day-ahead-for-ripple-labs-will-xrp-price-break-past-levels/

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