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How to make money on cryptocurrency before the end of the year?

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How to make money on cryptocurrency before the end of the year?

How to make money on cryptocurrency before the end of the year? Over the past two weeks, Bitcoin has risen in price by 33%. BitXmi experts have named ways in which you can profit from digital assets in the next few months.

At the end of July, bitcoin has risen in price by a third. Back on July 20, the cost of the first cryptocurrency fell to $ 29.9 thousand, and at the time of this writing, on August 2, the digital coin is trading at $ 39.6 thousand. This means that Bitcoin holders who bought cryptocurrency during the fall of the asset below $ 30 thousand are already were able to fix more than 30% of the profit. BitXmi experts have named other ways to make money on cryptocurrency before the end of this year.

Search tokens

“Pump” and “X” are considered natural and inevitable phenomena for the crypto market. If the market continues to grow further, it will provide an opportunity to make money on promising tokens.

Over the past week, four tokens have almost doubled in price. Tokens showed rapid growth: Ardor (150%), Bitcoin Cash ABC (122%), THORchain (85%), and Tenset (95%).

“Regardless of whether the market falls or grows, you can always make money with the help of leverage, options and futures,” analysts are confident.

Portfolio trading and balancing

In a low-volatility market with a minimum amplitude of fluctuations and the absence of a pronounced market trend, trading on daily fluctuations becomes an ideal strategy. You can catch small movements on bounces from support and resistance levels and make money on them.

If there is no time for active trading, then you can rebalance your investment portfolio. Depending on the price at which you entered the assets, you can buy or sell coins. If you have entered Bitcoin at a higher price than now, the current price level is ideal to lower your average entry price.

Mining

Now is a very favorable time to enter mining, as the market has already begun to recover, and prices for GPUs have dropped after the hype, according to BitXmi experts.

Compared to June of this year, the income from the production of the first cryptocurrency increased last month by more than $ 100 million. The commission income received by miners when servicing transactions amounted to $ 27.5 million. Last month, miners increased their profits, compared to June, then they received $ 839 million. The record level of miners’ income was recorded in March this year ($ 1.75 billion).

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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