Cryptocurrency assets are considered to be the most profile option to earn online while, at the same time, it is the riskiest way of earning. The reason is the market’s instability: it is not controlled by governments and central banks. The supply of crypto assets is not provided by banks – it is impossible to increase or cut the supply of crypto coins artificially. The balance between supply and demand determines the prices. When an asset has a valuable technology, people want to invest in it, so demand is growing. And if people buy and hold assets, it cuts supply, contributing to price growth. And vice versa, if the asset has nothing valuable and is not of people’s inverters, its supply exceeds demand; thus, the price falls. The same rules work in any traditional market.
There are many ways to make money from cryptocurrency trading:
- trading crypto for profit;
- buy crypto and hold it long-term;
- participating in airdrops;
- play-to-earn games and receiving crypto as rewards (for example, Axie Infinity token).
How to Make Money Playing Axie Infinity?
Axie Infinity is a play-to-earn game where participants can complete simple tasks and earn AXS tokens in return. The more people play the game, the more demand for the tokens, thus, the higher their prices. The peak of the game’s popularity was in November 2021 when the Axie Infinity token rate exceeded $160; however, the same gameplay became somewhat boring for players, and they started to leave the platform; thus, the token price dropped over time. Plus, a massive hacker attack spoiled the game’s reputation and brought many problems to it. Still, Axie is the largest and most popular play-to-earn project in the blockchain industry, developing more interesting scenarios for players to come and increasing the platform’s popularity. So it is worth buying AXS tokens and using them in the game:
- collect them;
- add accessories;
- breed;
- battle them;
- etc.
All these actions allow making money front the AXS tokens. You can also Trade Axie Infinity and withdraw them to your bank card using popular crypto exchanges, for example, WhiteBIT.
How much to invest in cryptocurrency to make money? The golden rule of successful investments is to allocate 10% of your monthly budget. Do not borrow money for investments, and do not sell your house to buy AXS. Be consistent, and do not allow emotions to guide you.
