There are numerous ways for investors to increase the value of their cryptocurrencies and ensure a profit when investing in cryptocurrencies. Buying a cryptocurrency when it is undervalued and selling it at a higher price, similar to the stock market, are the two strategies for making money when investing in cryptocurrencies.
According to Branzburg, traders can make more money with cryptocurrencies than with other traditional assets due to price fluctuations and opportunities that traditional investments do not provide.
The first technique he mentions is staking. They can use their cryptocurrency to generate money by participating in the asset's network through staking. Users increase the efficiency and security of the asset's underlying blockchain by staking their cryptocurrency. In exchange, they receive more network resources as compensation, similar to the yield from a bank account.
At the same time, staking incentives are available on some cryptocurrencies such as Ether, Tezos, Cardano, and Algorand.