How to make your cryptos grow? 3 Brilliant Strategies to Make the Most of Your Cryptocurrency Investments!

Invest in new altcoins

Major cryptocurrencies such as Bitcoin and Ethereum have already made dozens of millionaires and they may well continue to do so in the years to come. However, altcoins offer higher returns than these popular cryptocurrencies because they have more room to grow.

For example, the value of Binance Coin (BNB) has grown by more than 1,300% in the last two years, while that of Bitcoin has only grown by around 120%. This is because newer cryptocurrencies have more room to grow compared to established cryptocurrencies like the Bitcoin and can therefore generate higher returns.

The trick is to find the most promising new cryptos, because most new cryptos tend to fall into oblivion. Of the approximately 20,000 cryptos listed on CoinMarketCap, only a very small number will succeed and you need to identify which ones have the most potential for success. Preferably those that benefit from the support of venture capital companies.

Stake your cryptocurrencies

Did you know you can make money just by holding your cryptocurrency in a blockchain network? If not, you should really familiarize yourself with the concept of stakingwhich consists of locking your cryptocurrencies in a blockchain and earning rewards.

It’s the same concept as cryptocurrency mining, except you don’t need to have any hardware. Moreover, the returns can be very high, going up to 18% for some tokens, which is much higher than the return of any savings account.

You should be careful though, as the collapse of TerraUSD (UST) has shown that staking comes with risks.

Investing in Decentralized Finance (DeFi)

Bitcoins as collateral for personalized loans, this is the amazing vein that allows this crypto-bank to look positively to the future beyond the difficulties currently experienced by the digital asset industry # lending #DeFi #Celsius #Voyager

What’s the point of keeping cryptocurrencies in a wallet waiting to sell them when you can put them to work? This is what DeFi allows you to do, essentially providing banking services on the blockchain. For example, you can lend your cryptos and earn interest that can reach 20%! Again, the higher the return, the riskier it is.

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