### Beginner’s Guide: How to Turn $20 into $150 on Binance in a Single Day Cryptocurrency trading on Binance can be an exciting way to turn small investments into significant gains. But success doesn’t happen by luck—it’s about using smart strategies, staying disciplined, and learning how to navigate the fast-moving market. If you’re ready to take on the challenge, this guide will provide you with actionable steps to grow your $20 into $150 in a single day.
## 1. Understand the Crypto Trading Risks Before you begin, it’s crucial to grasp the risks involved in crypto trading. The potential for high returns comes with volatility and responsibility: - Market Volatility: Crypto prices can swing wildly in a short time—this creates opportunities for quick profits but also poses significant risks. - Leverage Risks: While leverage in futures trading can magnify your gains, it can also result in heavy losses if the market moves against you. - Financial Safety: Only trade with money you’re willing to lose. Overexposure can lead to stress and emotional trading, which often ends in losses. Tip: Start small and grow gradually as you gain experience and confidence.
## 2. Start with the Right Preparation To succeed in crypto trading, preparation is half the battle. Follow these steps to identify winning trades: ### A. Choose Your Trading Strategy: - Spot Trading: Buy assets at a low price and sell them higher. This is beginner-friendly and ideal for safer trades. - Futures Trading: Use leverage to amplify your trades. While risky, this strategy allows you to control larger positions with less capital. - Focus on Altcoins: Lesser-known tokens often experience higher volatility and faster price movements, creating quick profit opportunities. ### B. Analyze the Market Carefully: - Look for High-Volume Movers: Coins with increasing trading volume often signal momentum and investor interest. - Use Technical Indicators: Master tools like RSI (Relative Strength Index), MACD, Bollinger Bands, and Fibonacci retracements to spot trends and breakout signals.
Binance Alpha has officially revealed its third batch of projects, showcasing a dynamic and diverse lineup of emerging blockchain innovations.
Third Batch of Projects:
FROG MONKY TERMINUS CLANKER AICe11 CGPT GRIFFAIN LUNAI $RIF $URO These projects represent a mix of ecosystems, including BNB Chain, Ethereum, Solana, and Base Network, further highlighting Binance Alpha’s focus on supporting a wide range of blockchain technologies.
Turning $10 into $1,000 in just three days on Binance is a highly ambitious goal, especially for beginners. Achieving such rapid returns involves significant risk, advanced trading strategies, and sometimes luck. Below is a guide that outlines some approaches, while emphasizing the importance of managing risks. Keep in mind that these strategies can lead to substantial losses as well as potential gains.
1. Understand the Risks** -High volatility: Cryptocurrencies are extremely volatile, which creates both opportunities and dangers. - **Leverage risk:** Using leverage can amplify gains but also lead to total loss of your funds. - **Emotional trading:** Emotional decisions can result in poor outcomes. Stay disciplined.
2. Choose the Right Market** - Focus on highly volatile assets (e.g., altcoins, new tokens, or meme coins) or trading pairs with strong momentum. - Look for coins with upcoming news, partnerships, or events that could boost prices.
3. Day Trading Strategy - **Scalp trading:** Make multiple trades daily, capturing small price movements. Use a short time frame (e.g., 1-5 minutes). - **Technical analysis:** Learn and apply indicators like RSI, MACD, Fibonacci retracements, and support/resistance levels. - **Volume and trend analysis:** Follow coins with high trading volume and strong upward trends.
4. Leverage Trading - Use Binance Futures for leverage, allowing you to trade with more capital than you hold. For example: - **10x leverage:** Your $10 becomes $100 of trading power. - **Caution:** A small adverse price move can liquidate your position. - Choose tight stop-loss orders to minimize potential losses.
5. Participate in Launchpads and Airdrops - Use Binance Launchpad or other platforms to invest in new tokens early. These often yield high returns if the project gains traction.
According to BlockBeats, Leonidas, the developer of the Ordinals protocol, announced on April 6 that Runestone NFT holders will receive three Runes Memecoin airdrops. These airdrops are scheduled to take place later this month and later this year, when Runes Memecoin becomes the top Memecoin in the world.
Leonidas also announced that one of the tokens to be airdropped will be related to dogs. However, no further details were given about the nature of this dog-related token or the specific dates of the airdrops.
The announcement has sparked interest among Runestone NFT holders and the broader cryptocurrency community as they anticipate the potential value and impact of these airdrops. Runes Memecoin, developed within the scope of the Ordinals protocol, is expected to attract significant attention after these airdrops.
This move by Leonidas is seen as a strategic effort to increase the popularity and value of Runes Memecoin. However, the success of this strategy will largely depend on the acceptance and adoption of airdropped tokens by Runestone NFT holders and the broader cryptocurrency market.
Station70, a trusted recovery infrastructure for cryptocurrency assets, has successfully completed its seed funding round, raising $5 million, according to Foresight News. The funding round was led by Castle Island Ventures, with participation from Fireblocks, CoinShares and SCB 10X.
In addition to the funding news, Station70 also launched Bunker, a service that provides critical backup and recovery services for institutions in the cryptocurrency industry. This service aims to increase the security and reliability of digital asset transactions, ensuring that institutions can safely manage and recover their cryptocurrency assets if necessary.
The successful funding round and the launch of Bunker underscore Station70's commitment to providing robust and secure infrastructure for the growing cryptocurrency market. The funds raised will be used to further develop their services and expand their reach in the industry.
According to Foresight News, Bitcoin's L2 interoperability layer MAP Protocol has reached a historical high, with Total Value Locked (TVL) exceeding $30 million. This represents a significant increase of over 900% since the beginning of the year.
In addition to this milestone, Hiveswap, the DEX project of the MAP Protocol ecosystem, launched a two-month staking mining operation. Cross-chain stakers and liquidity providers will share 21 million MAPO and 8% of the DEX platform token HIVP. This development is expected to further increase the growth and adoption of the MAP Protocol.
According to Foresight News, during the '2024 Hong Kong Web3 Carnival', TON Foundation President Steve Yun and Telegram APP Chief Investment Officer John Hyman gave a keynote on 'Cryptographic Changes Within the Telegram Ecosystem'. Yun pointed out that Web3 faces challenges in mass adoption, such as complex user experience, lack of simple engagement methods, lack of viral marketing, and lack of distribution channels. However, TON has addressed these issues to some extent by integrating wallets, Mini Apps, simple login mechanisms, and Telegram ads into Telegram.
Yun also explained that there needs to be a layer of engagement between Web2 and Web3, which requires simple mechanisms such as Click-to-Earn, social viral spread, and gamification such as Play-Ear, Learn-Ear, and Redeem. to win. Viral applications combined with the Web3 economy can achieve mass adoption effects. The TON Foundation's goal is to include 30% of Telegram users on Web3 by 2028.
Telegram APP Chief Investment Officer John Hyman stated that their relationship with the blockchain community is symbiotic and they are at the forefront of the development of many applications. FRAGMENT, which allows usernames to be bought and sold, has surpassed $350 million in sales of Telegram usernames since its launch. Telegram is becoming a hub for Mini App development with 360 million active users using Bots and Mini Apps every month.
According to Foresight News, self-hosted service provider Safeheron has officially partnered with Web3 payment service provider KUN. Safeheron will provide enterprise-grade secure self-hosting solutions to KUN. Together, they aim to create a highly secure and compatible Web3 payment experience for users, promoting the application of Web3 technology in various industries.
KUN is a company that the Hong Kong government prioritizes for promotion. It provides one-stop Web3.0 payment processing service solutions for cross-border e-commerce, digital entertainment, advertising logistics, Web3 projects and other business customers. Safeheron provides comprehensive, one-stop digital asset self-hosting solutions to enterprise customers through independently developed secure multiparty computation (MPC) technology and trusted execution environment (TEE) technology.
According to CoinDesk, Ripple has struck a deal to acquire Standard Custody & Trust Co. in order to secure a New York trust charter and expand its U.S. regulatory licensing. The acquisition, which is still awaiting approval from the New York Department of Financial Services, will allow Ripple to offer more in-house services, including to financial firms seeking to tokenize assets. This move is part of Ripple's ongoing efforts to push beyond its well-known role as a payments network and into other financial products that can benefit from blockchain technology.
Ripple President Monica Long said in an interview that the company wants to offer more infrastructure pieces to financial institutions and sees the acquisition as providing a lot of flexibility. The deal with Standard Custody & Trust adds a crypto custody and settlement business to Ripple's offerings, allowing customers to maintain custody with Ripple instead of relying on an outside partner. This acquisition follows Ripple's purchase of another cryptocurrency custody firm, Metaco, last year.
Despite Ripple's overseas focus and its legal clash with the U.S. Securities and Exchange Commission (SEC), the company is still trying to expand its capabilities in the U.S. Long stated that Ripple's hesitation about the U.S. market is more about the regulatory uncertainty surrounding digital assets rather than the specific clash with the SEC. However, she believes that the U.S. has the potential to emerge as a leader in driving innovation in the digital asset space.