The Ultimate Guide to Making $100 a Day Trading Cryptocurrency: Guest Post by Finance Shots | CoinMarketCap (2024)

FAQs

Can you make $100 a day with crypto? ›

Can You Make $100 a Day With Crypto? It is possible to make $100 per day, but there is no guarantee or specific technique you can use to ensure it happens. Cryptocurrency trading, lending, staking, and investing all come with significant risks because it is such a volatile and unpredictable asset.

While ZipRecruiter is seeing annual salaries as high as $269,500 and as low as $39,500, the majority of Cryptocurrency Trader salaries currently range between $56,500 (25th percentile) to $105,500 (75th percentile) with top earners (90th percentile) making $185,000 annually across the United States.

Earning 1% profit each day in cryptocurrency trading may not seem like a lot, but it can add up to significant gains over time. In a week, that's a 7% return on investment (ROI). In a month, that's a 28-30% ROI. And in a year, that's a 365% ROI!

Ripple (XRP)

Ripple's XRP Ledger (XRPL) is predicted to see $30-50 trillion in XRP trading by 2025. This forecast is based on market expansion, regulatory clarity, and the adoption of Ripple's technology.

Day trading is challenging due to its fast-paced nature and the complexity of the financial markets. It requires traders to make quick decisions based on real-time information, which can be overwhelming, especially in volatile market conditions.

How many hours a day do crypto traders work? ›

What time of day is crypto most traded? Cryptocurrencies are most commonly traded between 8am to 4pm in local time. While the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity.

According to a survey from lendingtree.com, conducted in November 2022, a higher percentage of 38% of cryptocurrency investors have reported to lost money rather than profited, 28% say they made a profit, and only 13% broke even. Be mindful, past performance is not an indicator of future results.

The strategy Scenario 1 If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day. I have been trading crypto currencies on Binance for a few months now.

The speed at which you can make money with cryptocurrency depends on various factors, including the method you choose (staking, lending, mining, etc.), the amount of capital you invest, and market conditions.

Invest a significant amount of capital: To earn $100 per day, you will need to invest a significant amount of capital upfront. This could mean investing tens or hundreds of thousands of dollars, depending on the performance of the asset you have chosen.