Last year, I dived into the Binance trading platform and began my journey in cryptocurrency investment.
At first, I learned a lot about trading online and watched many tutorials before I dared to practice. I focused on Dogecoin, which Elon Musk frequently mentioned at the time, and its price was quite volatile. I carefully studied the trends and used technical analysis tools to determine that I should invest $1,000 when the price was low. Later, Dogecoin surged over 10% due to Musk's tweets, and I decisively sold it, earning $100 after deducting fees.
After that, I became optimistic about Binance Coin (BNB). It is widely used in the Binance ecosystem, and the platform was experiencing rapid growth. At the beginning of the year, I spent $3,135 to buy 10 BNB at a price of $313.5 each for long-term holding. Throughout the year, I actively participated in Binance's launchpool activities by staking BNB. There were 21 such activities during the year, and I averaged a 1.6% token yield each time. At the highest token price, this part could earn me up to $1,481. Additionally, I earned another $557 by participating in the megadrop and hodler airdrop activities. By the end of the year, BNB had risen to $702.3, appreciating by about $3,880. I also cleverly used compound interest by converting the activity reward tokens back into BNB to continue participating in activities, ultimately increasing my assets from $3,135 to $9,136, achieving a return of 187%.