There are many ways to play the crypto game which can bring in the result of big returns.
For some, HODLing is the way to go, where patience for holding on to a token for as long as possible until the value rises can be greatly rewarded. For others, they believe presales are the way to go, as by getting in during a limited window for a limited number of tokens, they increase their chances of profiting after the project goes public.
However, there are two other methods of engaging with the crypto market that can also turn profits. These are crypto day trading, and purchasing early.
In this article, we will be using Cosmos (ATOM) and Big Eyes (BIG) to explore these two methods respectively, to see why they work, and the financial success they can bring to users.
Crypto Day Trading With Cosmos (ATOM)
Day trading describes the practice of trading stocks or assets within a day. This would mean, for example, buying an asset at a low point at 7 am, and trading it when its value increases at 10 am. It is a tried and true method that exists throughout trading, however, is one particularly suited to crypto?
The value of cryptocurrencies is constantly fluctuating, due to the nature of the market and its relative infancy. It is not uncommon to see a token increase in value by 5% one day and decrease by 10% the next, meaning that for investors, timing is everything.
For an example of this, consider Cosmos (ATOM), and the fluctuation seen in its recent value.
At the time of writing this article, within the last 24 hours, the value of Cosmos (ATOM) has shifted consistently, with a low point value of $8.46 and a high point value of $9.34 per token all within the same day. This is roughly a 12% value increase, which when scaled up to larger investments, can be incredibly valuable.
This is the main appeal of day trading. With this method, profits can be made quickly, with users of this method able to make big returns in comparison to the time taken for the results to yield. As seen with the Cosmos (ATOM) example, it would mean an $846 investment could become a $934 return- a healthy $88 profit, in only a few hours.
While day trading rarely results in extreme returns, it does offer an easy way for those new to crypto investing to make a profit, with even the smallest of investments providing an opportunity for a proportional return. And, for those willing to invest bigger numbers, day trading can be one of the easiest ways to generate profits quickly.
For those who have yet to give day trading a chance, this is your sign to give it a try.
Early Purchasing and Big Eyes (BIG)
Another way to make profits with crypto is to buy a token early, in the first quarter or so after launch.
While presales do provide financial opportunities, the issue with presales comes with the fact that they can be exclusionary, meaning that they are not always accessible to the average crypto user. This is something that upcoming meme token Big Eyes (BIG) understands all too well, especially within the meme coin sector. This is why they are electing to forego a presale entirely.
‘No Dogs, No Masters’ is one of the lines seen on the Big Eyes (BIG) website – a direct call out of the presale system often seen and used by the many dog-themed meme coins flooding the crypto market. The choice to forego presale is a method that is certain to cause a splash in the crypto landscape and is an opportunity for new inventors worth paying attention to.
Big Eyes (BIG) is a token with a vested interest in being the antithesis of big-name meme coins like Dogecoin (DOGE), taking many measures to show how it is different and why it is worth investing in. From a dynamic tax system and no fees to a dedicated charity drive, this token has a lot to offer.
The factors that make Big Eyes (BIG) interesting, combined with its lack of presale, make it a phenomenal opportunity for investors willing to invest early.
Will you get involved?
Want to know more about the Big Eyes (BIG) character? Check out this interview.
Also Read: Crypto Across Classes: From Binance Coin (BNB) to Xchange Monster (MXCH)
Read More:Crypto Day Trading Vs. Early Purchasing- Which Could Make You Rich? Comparing Cosmos