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Things in the crypto world are changing constantly and only if you stay informed will you make a profit or if you are fortunate. Timing always mattered the most but now especially because it became harder to earn money through crypto. Bitcoin hit its all-time high last year and there’s a slight chance it will do it again, but there are other things you can rely on.
Everyone is looking to jump into the industry and be a part of new projects but it has become very competitive. NFTs, virtual lands, and casinos are still gaining popularity even after many people are caught scamming others. You can even find Nascar odds which some regular casinos don’t have which means that a lot of investments are being made in the industry.
Marketing and Crypto Projects
Besides having multiple investment options, there are great work opportunities, especially in marketing. If you invest a little bit of time in learning about how the blockchain works and how you can build your own coin, you will find out that anyone can do it with some funding. This is why there are new coins created every day.
These new projects need promotion on social media and other sources which means that marketing agencies are making a fortune. Most of them are promoting a project on social media and discord groups which has become a standard for crypto projects.
It doesn’t take a lot of time to learn how to manage these assignments and you will need only a couple of people to start. One person will run social media, the other will run discord groups and the rest is up to you to work on SEO.
NFTs and Gaming
Non Fungible Tokens skyrocketed in 2020 and 2021 and many people haven’t heard any news about them ever since. The problem is that the market became overcrowded and everyone with a small budget and Photoshop skills can create thousands of NFTs.
But, creating pictures isn’t the only way to make a profit from this technology which is why gaming is the next big thing. There are a lot of games that are implementing cryptocurrencies into the financial system so they can reach a high trading volume.
Besides using crypto to trade in-game, NFTs are also a great opportunity to involve blockchain technology in the games. Every item in the game or area can become a non-fungible token that can be used for trading or purchasing.
Financial Systems
Many countries stopped talking about Bitcoin and other cryptocurrencies after it reached $69K but some are already making moves when it comes to regulation. One of the biggest changes is in El Salvador which adopted Bitcoin as legal tender.
This is a common thing for poor countries because they are looking to money some money. So, you shouldn’t expect that the US will do something about it in a couple of years. You can use this information and check other countries where it will become legal so you can start making moves there.
The changes in regulations are making trading platforms adapt to what’s going on in the crypto world. Huge trading volumes are opening new opportunities and the next spike in BTC price will push them even further. Some expect that the next bull of the market will rise BTC to a new all-time high.
DeFi System
Decentralized Finance is one of the most important topics in the next few years. It’s a technology similar to what cryptocurrencies use to keep out the banks and other third-party members. By implementing this technology, we won’t have any fees between transactions and many services we had to pay for.
You will also have a wallet like you use for crypto instead of saving your money in a bank. One of the things that sounds the most appealing to large corporations is the transaction speed. Transactions would be much faster and more secure compared to what we have now in the banking system.
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