There are different ways to make money in the cryptocurrency industry. At the same time, given the active pace of industry development, useful tips that worked successfully a year ago can turn out to be a waste of time in a couple of months. Below are the most powerful cryptocurrency earning tools that won’t become less popular in 2020.
1. Cryptocurrency games
Despite the fact that the peak of the popularity of such games was back in 2018 when everyone launched their startups and lured users with colorful games, to this day this direction is consistently successful. And today, you can earn thousands of dollars by playing blockchain-based games, where you can get rewarded with tokens of different blockchain platforms.
According to the statistics, provided by analysts from Ethereum Express, a specialized platform for the multi-thousand-strong community of blockchain enthusiasts, online gambling will take one of the leading positions in the cryptocurrency market within the next year.
Research from the blockchain analytics firm revealed: the share of users in the online gambling industry has tripled over the past 10 years, with profits rising from $20 billion to $60 billion over this time and by 2025 online gambling will exceed $100 billion in revenue.
Nowadays it’s not necessary to buy expensive equipment for Bitcoin mining like it was in 2014. There is no doubt that without equipment you won’t be able to earn a giant pile of money, but it’s possible to mine cryptocurrency by simply installing one of the many cloud mining applications available for your laptop or even phone. It is enough to launch the application once every few days, accumulating coins that have real value. The most profitable tip is to invite friends and receive a percentage of their income.
Nevertheless, not everything is as smooth as miners would like to be. When asked about the current mining situation and the associated challenges, Vlad Miller, Ethereum Express founder said:
“Even though the mining industry is investment-attractive and plays an important role in maintaining the health of blockchains, there are still several barriers in this area that cause inconveniences for most ordinary users. However, mining will regain its leading position in the cryptocurrency industry: the global crypto mining market is growing at a compound annual growth rate of 29.9 percent. The market was valued at $611 million in 2016, $8.9 billion in 2019 and is expected to reach $11.56 billion in 2020, followed by $42.76 billion in 2025.”
3. Social-network platforms with a reward system
Crypto community blockchain-backed platforms like Steemit and Pocketnet reward users with tokens for high-quality posts. Usually, the value of such tokens is not so big, but it still can be withdrawn on the exchange like Bitcoin or Ethereum.
Perceptions in the crypto community serve to the suggestion that 2020 will to sort things out and consolidate the leading position for the crypto community. Already now there are many prospective projects preparing releases of next-generation online social networks and marketing platforms like GLBrain.
4. Find a job in the cryptocurrency field
If you are fond of cryptocurrencies and have a lot of spare time, it’s worth finding a job in this field. There are many vacancies for cryptocurrency developers, marketers, managers, copywriters, programmers on such websites like CryptoJobList and Crypto.Jobs. Freelancers can also choose cryptocurrency as a payment method on such a platform like Indeed, FT and Upwork.
According to the latest researches, there is a shortage of technical specialists in the industry, especially in the field of information security and cyber attacks. Obviously, this is a consequence of the insufficient number of specialties in crypto areas that are available to students at universities around the world.
5. Organization of blockchain conferences and summits
BlockShow, Blockchance, WorldblockchainSummit…There are so many cryptocurrency events taking place almost every weekend all around the world. It’s a real money-making machine: one blockchain event can make a profit of millions of dollars, attract TOP industry leaders, famous investors and professional journalists writing for the main pages of Tier 1 media outlets. All together they can promote your event to make people stand in line for the tickets for your next event.
6. Promote your LinkedIn account and become a Project Advisor
In case you have experience of managing projects and have analytical skills, degree or any other special talent, the best way to fill your pockets is to join a cryptocurrency project as its adviser and take part in the development processes as a consultant. The first thing to start from – update your Linkedin account and make yourself, trying to contact industry leaders and experts, simultaneously drawing attention to the way they act.
The most common phenomenon for novice advisors is to write analytical researches and studies for different media outlets and earn a reputation of an industry expert within the cryptocurrency community, increasing the number of followers and columns in various media.
Howbeit, the best investment is an investment in yourself and in your skills, since the more knowledge you have, the more ways you can make money in less time,