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<p>The cryptocurrency market is an exciting place to make money. While in the past, you could make money from cryptocurrency mainly by trading or holding it (HODLing), many other effective ways have emerged in recent years. These days, for example, there’s crypto gaming, staking, yield farming, and more.</p><p>In this article, we provide some interesting ideas on how to make money from cryptocurrency in 2023 using proven methods.</p><h2 id="header-0">1. Launchpads — benefit from expert insights for profitable investments</h2><p>Launchpads are allocation platforms for innovative web3 developments, including NFTs and play-to-earn games. It’s the perfect place to start if you want to make money with cryptocurrencies but don’t quite understand exactly how everything works yet. A team of experts carefully analyzes the market for you to offer you all the information you need to successfully start your crypto journey.</p><p>With Launchpads, promising startups and brands gain access to immutable smart contracts and verified data, as well as the ability to offer an industry-leading user experience, including through Web2 and Web3 integration. For more information, check out <a href="https://mdaomaker.com/" rel="noopener noreferrer nofollow">MDAO Maker</a>, an allocation pad that hosts many promising and verified crypto projects.</p><h2 id="header-1">2. Staking — generate passive income by locking up your crypto assets</h2><p>In the world of cryptocurrencies, a well-known concept allows you to earn passive income, which is worth mentioning. We’re talking about staking, when you lock up your crypto assets for a certain period, for which you get a monetary reward. Staking is practiced by crypto projects that operate under the proof-of-stake protocol to validate transactions.</p><p>Staking boils down to the fact that you get a percentage or reward if you lock up (freeze) your deposit for a set time. You can do this with <a href="https://app.daomars.com/partnerships" rel="noopener noreferrer nofollow">affiliate staking events</a>, for example. They allow you to stake tokens and receive assets from other projects as rewards.</p><h2 id="header-2">3. Day Trading — make money by trading cryptocurrencies quick</h2><p>There is another way to earn money, but this one’s more active: day trading. It is necessary to understand that basic knowledge of analyzing quotes is required here. In day trading, everything happens very quickly, both positive and negative, so it is helpful to be able to evaluate different coins well and choose a good moment to buy them.</p><p>The advantage of day trading is the volatility of the different coins. Since the price moves up and down quickly, there are various times when you can lock in profits. Experienced day traders rarely hold a position longer than one day.</p><p>If you want to engage in profitable day trading, only two things are essential in finding the best cryptocurrency exchange: low fees and a wide range of markets to trade on. Since it’s always about small price spikes, it’s hard to profit from a broker with too high a fee.</p><h2 id="header-3">4. HODLing — hold cryptocurrency for the long run</h2><p>For beginners, this is one of the best options: HODLing. The name came from a typo made on a forum in the early stages of cryptocurrency development. Actually, hodling (aka holding) boils down to holding cryptocurrency for the long term. It is the same as holding a stock for a long period.</p><p>The nice thing about this type of investment is that you don’t have to worry about short-term price drops. Stable prominent cryptocurrencies are perfect for this. For example, if you invested your money in Ethereum at $3400 in May 2021, you would only have about $2000 left after a month.</p><p>But if you were a HODLer, you’d quietly walk away from your deposits for a while, then grab the new ATH (all-time high) set in December of that year. Back then, it topped $4800. Therefore, HODL is an effective method and much less stressful than other types of cryptocurrency trading.</p><h2 id="header-4">5. Play-to-Earn — earn money by playing games</h2><p>It sounds too good to be true — making money by playing games. Nevertheless, it is one of the effective ways to earn cryptocurrency today. In fact, the total market for games where you can earn cryptocurrency is already in the billions of dollars. There are even some crypto games whose own cryptocurrency is among the top 100 most popular crypto games. One of the best crypto games to recommend today is <a href="https://www.farcana.com/" rel="noopener noreferrer nofollow">Farcana.</a></p><p>Farcana invites you to visit colonized Mars, where participants compete in exciting 4v4 PvP battles in a wide variety of game environments. In Farcana, you control multiple characters, each with unique skills, strategies, and responsibilities that enhance interaction with your team. A USDT reward system is provided, which is divided into two categories that further add to the excitement: cash boxes and competition rewards.</p><p>In the early stages of this game, the opportunities are still there. If you enter the project at an early stage, you can earn good money. You can find more information on the official <a href="https://www.farcana.com/" rel="noopener noreferrer nofollow">Farcana </a>website.</p><h2 id="header-5">6. Yield Farming — receive an attractive APY on your assets</h2><p>What if you could use your cryptocurrency balance to make money? More and more cryptocurrency exchanges are taking advantage of this opportunity, allowing you to earn a nice income from your assets. An easy way to get started in this line of work is so-called yield farming.</p><p>Yield Farming of cryptocurrencies is achieved by participating in a liquidity pool. In the liquidity pool of, for example, crypto exchanges such as PancakeSwap and Uniswap. PancakeSwap operates on the Binance blockchain, while Uniswap operates on the Ethereum blockchain. Investors who have placed cryptocurrency in the pool earn money from it. They receive interest on the invested cryptocurrency, usually frozen for a certain period.</p><h2 id="header-6">Conclusion — making money off crypto in 2023</h2><p>Now you know how you can start earning from cryptocurrency in 2023. Using different methods, you can begin, for example, by making money with cryptocurrency day trading, or you can choose staking, P2E gaming or HODLing cryptocurrency.</p><p>If you want to start earning from crypto assets, you should look for unconventional options, such as investing in a newly created cryptocurrency. In this case, you can invest at a time when the price of the asset is still meager, and there is a chance for a substantial price increase, which we have seen with famous coins such as BTC and ETH.</p><p>In any case, remember — crypto assets are an extremely volatile, unregulated investment product. Therefore, always do your own research before signing up for anything!</p><p><strong><a href="https://daomars.com/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://t.me/marsdao_cis" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://twitter.com/0xMarsDAO" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://www.youtube.com/channel/UCumZABg40v2wAEEOA-25NRA" rel="noopener noreferrer nofollow">YouTube </a>| <a href="https://medium.com/mars-dao-ru" rel="noopener noreferrer nofollow">Medium </a>| <a href="https://discord.gg/hB78WSKUkh" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://www.reddit.com/r/MarsDAOcommunity/" rel="noopener noreferrer nofollow">Reddit </a>| <a href="https://coinmarketcap.com/community/profile/MarsDAO" rel="noopener noreferrer nofollow">CMC</a></strong></p>

6 Proven Ways to Make Money in Crypto 2023

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