Cryptocurrency has long ceased to be just a technological novelty and has turned into an entire industry with millions of investors, developers and enthusiasts around the world. Today, the opportunities for earning in the cryptocurrency sphere have expanded significantly: from traditional mining and trading to new trends such as NFT, DeFi and memecoins.
What makes the crypto market especially attractive? High volatility, unexpected rises of new projects and endless opportunities for creative and enterprising people. In this article, we will tell you about five real stories of people who managed to turn cryptocurrency into a source of big income.
Crypto Startups: How New Projects Create Billionaires
With the development of blockchain technologies, a huge number of crypto projects have emerged that bring their creators millions of dollars. For example, the founders of the Binance exchange turned their platform into the largest trading platform in just a few years. Other developers are building decentralized financial applications that replace traditional banks.
Creating your own crypto project is a difficult but incredibly profitable task. It requires knowledge in programming, marketing, and finance. However, if the project becomes successful, its creators can receive huge income from both the sale of tokens and the implementation of new technologies.
How Influencers Make Money with Cryptocurrency
Another popular way to earn money is to promote cryptocurrencies through social networks and blogs. Crypto influencers talk about new tokens, analyze promising projects, and give investment advice. Many of them receive generous fees for advertising crypto projects or have their own tokens.
One of the most striking examples is Elon Musk. His tweets about Dogecoin in 2021 led to a sharp increase in the price of the coin, which made many investors millionaires. The influence of media personalities on the market is enormous, and some bloggers have already earned millions simply by discussing cryptocurrencies.
Mining as a career
American Nick Sears got his start in the crypto industry as a teenager, helping to assemble a mining farm in Washington. By the age of 19, he was already working at SCATE Ventures, managing 10 MW of equipment and 4.5 thousand ASIC devices.
His job is to monitor the smooth operation of miners, repair and check equipment. Nick’s annual income is $54 thousand, and working in the crypto industry has given him unique experience and knowledge in the field of blockchain technologies.
White hat hackers: protection from attacks
Security issues are a headache for blockchain projects. Cybercriminals often find vulnerabilities in the code of platforms and protocols, but there are also so-called white hat hackers who help companies prevent attacks.
For example, security specialist Sam Sun discovered a critical vulnerability on the Miso platform, preventing a potential loss of $350 million for the SushiSwap exchange. At the same time, the ArmorFi startup paid white hat hackers $1.5 million for their contribution to protecting the ecosystem, and the cross-chain protocol Thorchain allocated $500,000 for cybersecurity programs.
Investing in DeFi
Investing in decentralized finance (DeFi) was the strategy that allowed an anonymous investor named Razoreth to earn his first million. Starting with 1.8 ETH in 2020, he turned his investment into 500 ETH in just a few months.
The main strategy is to buy new tokens on the Uniswap exchange before they are widely accepted. Successful investments include: YFV, JGN, SUSHI, FARM, YFBETA. As a result, his capital reached $1 million, and he withdrew $300 thousand into fiat. Kevin O’Leary, a well-known investor, also believed in DeFi and invested in WonderFi, a platform for cryptocurrency exchange, lending, and investing.
“Meme” Tokens That Made Millions
Investing in meme cryptocurrencies may seem like a joke, but in some cases, it can bring incredible returns. This happened to brothers Tommy and James, who invested $200 each in Shiba Inu (SHIB) at the beginning of 2021. Their family followed suit, investing a total of $8,000.
By mid-April, their investment had already reached $100,000, and a few days later, the amount doubled. In May, the assets were valued at $9 million, and the investment grew by 112,400% in two months. This proved that even spontaneous investments in meme tokens can result in huge profits.
NFT Artist: The Path to Millions
Benjamin Ahmed, 12, from London, earned about $400,000 during his summer holidays by releasing an NFT collection called Weird Whales. His first Minecraft Yee Haa project was unsuccessful, but he continued working and created 3,350 pixelated images of whales. The launch cost was only $300 (most of it was the gas fee on the Ethereum network).
However, the collection was completely sold out in 9 hours, and Ahmed received 80 ETH (about $240,000). He receives additional income from reselling tokens, receiving a 2.5% commission. The teenager does not plan to cash out the cryptocurrency, but uses the earned funds to develop a new project.
Conclusion
Each of these stories proves that cryptocurrency is not only a complex and risky area, but also a source of incredible opportunities.
Whether it’s mining, searching for vulnerabilities, investing in DeFi or NFT – with the right knowledge and strategy, you can not only enter the crypto industry, but also earn millions. The main thing is to understand the technology, study the trends and seize the opportunity in time!
