How much can we earn with crypto for $10/month in 1 Year (Cardano version)
Hello, community. This post is not only about how much profit you can get from crypto investments. Some people think it's too late to dive into the crypto ocean. It's not late. Personally, in Oct 2020, I have similar thoughts.
$10 USD - for a lot of people it's nothing. I know that there are a lot of people with a smaller monthly income too. But, just think about it. If I'm not mistaken, the smallest amount for trading action on Binance is $10.
What I've done? I've searched an article on CoinTelegraph Oct 02, 2020 and on Medium Oct 07, 2020. Some trigger to start to invest in Cardano.
Then I've used random dates to find the random daily price of $ADA token.
1 year, 10 dollars a month, random price, the result is surprising.
Let's go
Oct 15, 2020 Price per token: $0.108 Amount bought: ADA 92.59
Nov 6, 2020 Price per token: $0.099 Amount bought: ADA 101.01
Dec 15, 2020 Price per token: $0.154 Amount bought: ADA64,94
Jan 24, 2021 Price per token: $0.362 Amount bought: ADA27.62
Feb 8, 2021 Price per token: $0.687 Amount bought: ADA14.56
Mar 17, 2021 Price per token: $1.31 Amount bought: ADA7.63
Apr 21, 2021 Price per token: $1.246 Amount bought: ADA8.03
May 10, 2021 Price per token: $1.664 Amount bought: ADA6.01
Jun 16, 2021 Price per token: $1.515 Amount bought: ADA6.6
Jul 11, 2021 Price per token: $1.335 Amount bought: ADA7.49
Aug 4, 2021 Price per token: $1.341 Amount bought: ADA7.46
Sep 14, 2021 Price per token: $2.46 Amount bought: ADA4.07
Spent $120
Bought $ADA 348.01 tokens
Now Sep 27, 2021, the price is about $2.25. And the token amount is now worth $783.02
783.02 - 120 = 663.02
Of course, someone can say I've made a mistake excluding some hundredth (fees, calculation) But it's still a huge profit, I think. Just imagine it was not $10/month if it was $50-250/month.
I've been on that train. But, I'm just a human...
Glad to know that you earned this huge profit with this little amount. If it was $50, the profit must be huge but still it's enough and handsome amount.