(Yes I’m Serious, Are You? )
By Cryptocurrency Ibex – 19/12/2021
This is how you can make a Million Dollars from cryptocurrency during 2022 these next Eight steps are crucial, so read ahead.
Oh, by the way, we’re not selling you anything, unlike some blogs and websites, all of these Eight tips are practically free gold, so your welcome, Merry Christmas and a happy new year everyone.
Although cryptocurrency has been experiencing a rough couple of weeks heading into the end of the year, it’s worth noting that these digital coins have experienced an unprecedented amount of growth over the last 12 months.
Against the backdrop of the Covid-19 pandemic, these blockchains have risen to prominence, with highlights including Tesla billionaire Elon Musk spruiking the coins, El Salvador adopting bitcoin as legal tender, Facebook creating an entire metaverse with crypto as the only currency and digital assets entering global stock markets in the form of exchange traded funds (ETFs).
The top ten coins for 2021, as listed by Forbes, were:
- Bitcoin (BTC) – market cap over $1.7 trillion.
- Ethereum (ETH) – market cap over $520 billion.
- Binance Coin (BNB) – market cap over $88 billion.
- Tether (USDT) – market cap over $70 billion.
- Cardano (ADA) – market cap over $66 billion.
- Solana (SOL) – market cap over 60$ billion.
- XRP (XRP) – market cap over $50 billion.
- Polkadot (DOT) – market cap over $43 billion.
- Shiba Inu (SHIB) – market cap over $41 billion.
- Dogecoin (DOGE) – market cap over $38 billion.
These Eight Points will allow you to avoid being left behind and make that sweet, sweet first Million Dollars from cryptocurrency during 2022 and beyond.
Ah, yes, the Orange wonder of the cryptocurrency world.
Wall Street is finally coming to it’s senses, valuing Bitcoin like gold and we’ve seen the price explode during 2021 can this continue to happen?
The answer is yes, Bitcoin being by far the largest market cap cryptocurrency will continue to attain the most capital, especially from Wall Street and Connecticut hedge funds during 2022 think Trillions of dollars instead of Millions pouring from various sources, all for one purpose, to accumulate bitcoin and perhaps others.
The brain child of Vitalik Buterin, Ethereum has outperformed many different cryptocurrencies this year and looks like there is no signs of slowing down long term price wise.
Ethereum has been accumulated by many funds throughout 2021 and will continue to be. Like Bitcoin, Ethereum will be the receiver of the majority of funds due to it’s vast market cap and growing application throughout many industries.
The future is especially bright for Ethereum and has a very, very exciting 2022 to look forward to.
3. Non Fungible Tokens.
Non-fungible tokens (NFTs) seem to have exploded out of the ether this year. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips—some for millions of dollars.
But are NFTs worth the money—or the hype? Some experts say they’re a bubble poised to pop, like the dotcom craze or Beanie Babies. Others believe NFTs are here to stay, and that they will change investing forever.
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.
NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. “Essentially, NFTs create digital scarcity,” says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.
This stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.
But many NFTs, at least in these early days, have been digital creations that already exist in some form elsewhere, like iconic video clips from NBA games or securitized versions of digital art that’s already floating around on Instagram.
For instance, famous digital artist Mike Winklemann, better known as “Beeple” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of the moment, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a record-breaking $69.3 million.
Anyone can view the individual images—or even the entire collage of images online for free. So why are people willing to spend millions on something they could easily screenshot or download?
Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.
Ranked number five on the crypto leader board, Solana emerged almost out of non-existence to overtake bigger players in the cryptocurrency space.
Solana will have a very, very interesting 2022 with many people aiming to make Millions of Dollars from Ethereum competitors.
5. Cryptos Will Become More Accepted as a Payment Source.
One of the major bear cases against cryptocurrency is that it’s not accepted as a viable substitute for traditional currencies. If this scenario plays out, many cryptocurrencies may indeed become worthless. However, just the opposite has been happening in 2021, and the trend seems likely to continue into 2022. As more and more businesses begin accepting cryptocurrency like Bitcoin as legal tender, both the viability and the value of cryptos will likely increase.
6. ADA ( Cardano )
ADA has been one of the best performing cryptocurrencies during 2021, despite it’s worth halving during the latter part of this year however still posting monumental growth from 2020 and this looks set’s to continue.
An Ethereum competitor with a healthy fan base, ADA will have a very promising 2022 making many millionaires during the process.
7. Boost in crypto education.
Recently, there has been an increase in the demand for cryptocurrency education. More and more people are starting to realize how valuable blockchain technology really is.
In the first quarter of 2022, it is expected that learning how to trade and sell cryptocurrencies will become a more normal event. Trading cryptocurrencies is becoming much easier as trading platforms carry out constant upgrades as well.
You can expect that the process of investing fiat into crypto and back into your local currency will be much easier than you could ever imagine!
8. Everything Is An Oppurtunity.
Yes, that’s right, Everything Is An Oppurtunity.
If you do your own research ( DYOR ) listen to people who are well versed with this world and have a proven track record instead of just trying to make money shilling coins to their audience ( Bit Boy ) then the future will be bright 2022 and beyond.
We Are All Gonna Make It I’m sure of it, if you are even reading this, then you are likely to become a multi Millionaire during 2022 and beyond.
All Is Good And God Bless Let’s Get It During 2022 And Beyond.