1. Invest in potential coins
Some coins have good profit potential through short-term or long-term trading, for example:
Altcoins with potential price increases:
Ethereum (ETH): With the strong development of the DeFi and NFT ecosystem, ETH has stable price increase potential.
Solana (SOL): Known for its fast transaction processing and low fees.
Polygon (MATIC): A Layer 2 of Ethereum, suitable for the blockchain scaling trend.
Arbitrum (ARB) or Optimism (OP): Layer 2 projects that are attracting significant attention.
Expected Profit:
If you invest in potential coins and they increase by 5-10% daily (during a bull market), you can earn 10 USD with about 100-200 USD capital.
2. Staking or Yield Farming
This is how you earn passive income from cryptocurrency.
Good staking coins:
Cardano (ADA): Easy staking with around 4-6% APY.
Polkadot (DOT): Has APY from 10-14% on some platforms.
Avalanche (AVAX): Supports staking with similar APY to DOT.
Yield Farming:
Use DeFi platforms like Aave, Compound, or Curve Finance to lend assets and earn interest.
Stablecoins like USDT, USDC, or DAI can provide 5-20% APY depending on the platform.
Expected Profit:
Investing about 2000 USD in staking with 5-10% APY, you can earn 10 USD per day.
3. Short-term Trading (Day Trading)
If you have good trading skills, this is a quick way to achieve your goals.
Coins suitable for trading:
Bitcoin (BTC): High liquidity, frequent price volatility.
Ethereum (ETH): Similar to BTC, but price volatility can be higher.
Binance Coin (BNB): High liquidity, easy to trade.
Dogecoin (DOGE) or Shiba Inu (SHIB): Suitable for short-term trading due to high volatility.
Expected Profit:
With a capital of about 500 USD, you need to earn 2% daily to reach 10 USD.
This requires good technical analysis skills and risk management.
4. Mining or Liquidity Providing
Mining:
If you have mining equipment, you can earn profits from mining coins like Ethereum Classic (ETC) or Ravencoin (RVN).
However, electricity costs and hardware need to be considered.
Providing Liquidity:
You can provide liquidity on DEX platforms like Uniswap, PancakeSwap, or SushiSwap and earn rewards from transaction fees.
Expected Profit:
With capital of 1000-2000 USD, you can achieve profits from transaction fees and rewards up to 10 USD/day.
Important Note:
Risk: Cryptocurrency is a highly volatile market. You can lose capital if you do not manage risks.
Thorough Analysis: Always conduct thorough research on the coin and platform before investing.
Capital: The higher the initial capital, the easier it is to achieve a profit of 10 USD/day.
If you want a specific plan or need more detailed information, please provide your capital and the level of risk you are willing to accept!