Recently, I conducted a comprehensive review of my cryptocurrency investments and participation in project airdrops over the past four months. During this time, I experienced ups and downs in cryptocurrency trading. From the investments started in May, I made a profit of 517 USDT on Solana (SOL), while Elrond (ENA, now renamed MultiversX), brought me a profit of 548 USDT. However, not all trades went smoothly; I lost 200 USDT on WCT and also incurred a loss of 74 USDT on Dogecoin (DOGE). Overall, after deducting trading fees, I netted about 750 USDT in cryptocurrency trading.
At the same time, I also actively participated in various project Airdrop activities, mainly focusing on Binance's Alpha and Booster projects, with earnings amounting to about 1000 USDT. To participate in these projects, I invested approximately 300 USDT for the costs of the mainnet and testnet. It is worth noting that there are still some participating projects that have not yet announced their results.
Looking back on this experience, I have a deep understanding of the rapid changes in the crypto market. The strategy of participating in airdrops with multiple accounts, which was once popular, seems to be losing its effectiveness. Although there may still be opportunities to participate in airdrops in the future, the possibility of obtaining substantial returns at a low cost is gradually decreasing. This change reflects the maturation of the crypto market and the adjustment of distribution strategies by project parties.
As a participant in the encryption market, this experience has made me realize that in this rapidly changing field, maintaining flexibility and continuous learning is crucial. In the future, we may need to explore new strategies and opportunities to adapt to market changes. At the same time, this also reminds us to carefully manage risks, as the encryption market is full of opportunities but also hides challenges.
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Recently, I conducted a comprehensive review of my cryptocurrency investments and participation in project airdrops over the past four months. During this time, I experienced ups and downs in cryptocurrency trading. From the investments started in May, I made a profit of 517 USDT on Solana (SOL), while Elrond (ENA, now renamed MultiversX), brought me a profit of 548 USDT. However, not all trades went smoothly; I lost 200 USDT on WCT and also incurred a loss of 74 USDT on Dogecoin (DOGE). Overall, after deducting trading fees, I netted about 750 USDT in cryptocurrency trading.
At the same time, I also actively participated in various project Airdrop activities, mainly focusing on Binance's Alpha and Booster projects, with earnings amounting to about 1000 USDT. To participate in these projects, I invested approximately 300 USDT for the costs of the mainnet and testnet. It is worth noting that there are still some participating projects that have not yet announced their results.
Looking back on this experience, I have a deep understanding of the rapid changes in the crypto market. The strategy of participating in airdrops with multiple accounts, which was once popular, seems to be losing its effectiveness. Although there may still be opportunities to participate in airdrops in the future, the possibility of obtaining substantial returns at a low cost is gradually decreasing. This change reflects the maturation of the crypto market and the adjustment of distribution strategies by project parties.
As a participant in the encryption market, this experience has made me realize that in this rapidly changing field, maintaining flexibility and continuous learning is crucial. In the future, we may need to explore new strategies and opportunities to adapt to market changes. At the same time, this also reminds us to carefully manage risks, as the encryption market is full of opportunities but also hides challenges.