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How to earn quickly on cryptocurrency?

earn quickly on cryptocurrency

How to earn quickly on cryptocurrency?

Bitxmi experts explained how to spend your weekends profitably and build a profitable short-term portfolio of digital assets. For several years in a row, the last quarter turned out to be the most positive for bulls in the digital asset market, so cryptocurrencies can be expected to grow significantly in November and December.

Market overview

In recent months, more and more institutional and private investors have been entering crypto assets. This is due to the fact that digital assets are becoming a kind of “refuge” for those who do not want to be under the scrutiny of the state. Also, among large investors, there is a growing understanding that cryptocurrencies are the future of the entire financial system of the world.

More and more marketplaces are starting to accept cryptocurrencies for payment. One of the largest American retailers, Walmart has installed 200 crypto ATMs in its stores to buy bitcoin. Also, do not miss the most significant event of the fall – the launch of the first Bitcoin ETF in the United States, which began trading on the New York Stock Exchange on October 19.

On October 27, the bitcoin rate fell to a two-week low of $58 thousand. Analysts at BitXmi call this decline expected after updating the historical maximum above $67 thousand on October 20.

“Now is a good time to enter the market. This is a correction after strong growth. In the medium term, growth may start again, and in altcoins the expected season of increasing capitalization begins, ” experts are confident.

What strategy should choose?

Experts suggest compiling a short-term portfolio of assets that have been actively traded over the past month but did not have time to show high returns. Such signs may indicate an accumulation of volumes with the prospect of rapid growth.

The main aspect of portfolio selection is the industry demand for these solutions. For example, you should pay attention to the token of the Uniswap decentralized exchange, since there has been an active growth in the users of the trading platform lately.

Experts also point out the Aave token, which has a prospect for growth due to the increase in lending to the DeFi protocol of the same name. Dogecoin is also worth checking out, as the altcoin developers have planned a major technological update to the coin.

Current assets within a short-term portfolio can generate income of about 10% per week, which is ahead of Bitcoin’s growth potential over this period.

What altcoins might be interesting

The most promising digital coins at the moment are Uniswap, Chainlink, Polkadot, Filecoin, Litecoin, Cardano, Chiliz, 1inch, and Solana, according to analysts. In their opinion, these assets are the most significant for the market. Analysts also highlighted the 1inch token, which on October 27 updated its all-time high above $8.6, and on October 25, Solana set a new maximum value ($219).

Recall that in August 2021, the BitXmi crypto exchange launched the BXMI NFT Marketplace, where you can buy gold, silver, diamonds, and digital arts with zero fees.

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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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