Cryptocurrencies are normally seen as many making schemes and maybe they are but converting $100 to $1000 in a week is something that is not normal in even the world of Cryptocurrencies.
It is like 900% return which seems tough but it is not impossible. There are still some methods that may help you to generate returns around your target.
Investing in Token Sales
Initial Token sales are a vital process to raise funds for the project, there are many types of initial token sales like ICO, IDO, IEO, STO, etc. Make sure you do your due diligence and take precautions. Because there are a lot of cryptocurrencies on the market right now, and a lot of them are fake. Especially when you are a beginner, do not rely on online advertisements to invest in a bogus project.
Actually, tokens are made available initially at a very cheap price. And when people start trusting the project and start using the token the value of the token increases at a sky-high rate. However, as I said above not all projects and initial offerings are reliable. So, spend some time in research before making any move.
Investing in Meme Tokens
We have seen some meme coins that are valued at almost zero on their launch but soon they reached an unexpected height. Some of the well-known meme tokens that followed the same path are Dogecoin and Shiba Inu coin. People invested heavily in them and in just a year in providing them with over 500%+ returns.
However, in the cryptocurrency world, nothing is assured and not many succeed. So again check every single detail before making an investment.
Crypto mining is not new, it is a well-trusted and well-tested method of making money in the crypto world. In all these years it also evolved and many new methods came to the surface. Some of them are really profitable and can make up to 1500% returns only if you can make all the arrangements for the mining setup. However, there are a few problems that need to be tackled before diving into this sea.
Normally, mining becomes a bit difficult due to a lack of hardware, cheaper electricity, funds, and more. However, there is a solution as well— Xcavator.
Xcavator is the creation of a team that has substantial experience in professional crypto-mining and has been operating a worldwide network of miners since 2017. Xcavator has developed unique tools and algorithms to effectively mine cryptocurrencies in a power-efficient manner with high returns.
The project, with its tools and its native token XCA, is on a mission to be part of a community of professional miners who make additional profits on domestic mining. Their tools will increase hashing power for such users and they can effectively scale up their operations by simply buying and holding XCA tokens.
XCAVATOR aims to introduce people from different walks of life to the exciting and enchanting world of cryptocurrencies. This is the ideal solution for people who wants to make huge returns with cryptocurrency. Xcavator is making cryptocurrency mining sustainable, renewable, and eco-friendly again.