Simple and Safe Strategy for Profit on Binance using FDUSD 💰
Before diving in, it's important to note that this strategy is tailored for smaller investors already holding USDT. If you're a big player, these gains might seem modest to you 😄
Lately, there's been a steady stream of projects entering Binance Launchpool. However, each Launchpool tends to boost $BNB, creating uncertainty for those holding it. So, how can we profit without the risk of BNB's market fluctuations?
Enter FDUSD, a stablecoin akin to USDT. The trick is to swap USDT for FDUSD during quiet Launchpool periods when the FDUSD/USDT rate is below $1. Then, when Launchpool news hits and the FDUSD/USDT rate rises above $1, swap back. The larger the rate gap, the greater your profit potential 💰💰💰
For those wondering: 1. How much should I invest? Around $500 is a good starting point; anything less won't yield significant returns. Personally, I make $10 to $15 for every $1,000 invested. Aim for 1-2 Launchpool rounds monthly for a steady income stream. Without USDT, it's hard to make profits, and staking it isn't very lucrative.
2. Should I stake FDUSD in Launchpool? The FDUSD pool on Binance often has substantial token reserves, sometimes even below your purchase rate. If you have a sizable capital, it's worth trying, but be prepared to invest around $5,000 for optimal results.
3. Can I profit from both the pool and rate difference? It's possible, depending on your strategy. Timing is key; being too greedy can backfire.
👉 This is my go-to method for earning on Binance with USDT. Feel free to try it out if you're new to this. Making money in crypto isn't easy, so stay informed and be ready to seize opportunities when they arise.
Best of luck!
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Celo Approves Governance Proposal To Enable USDT As Gas Fee Token
According to Foresight News, Celo has unanimously approved a governance proposal to enable Tether (USDT) as a gas fee token. This move will allow users to pay gas fees using USDT, eliminating the need to hold the network's native token for transactions.
In a previous report by Foresight News, it was revealed that Tether has already deployed native USDT on the Celo mainnet. This development is expected to enhance the flexibility and convenience of transactions on the Celo network, as users will now have the option to pay gas fees with USDT. The unanimous approval of this governance proposal indicates a positive reception from the Celo community and could potentially lead to increased usage and adoption of the network.
🚨🚨🚨 BINANCE 52 PROJECT 🚨🚨🚨 🚨🚨👇 NEW CRYPTO OMNI👇🚨🚨 🚨🚀 ONLY BINANCE LAUNCHPOOL
Binance revealed its 52 project on Binance Launchpool, Omni Network (OMNI).
This is a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into one single, unified system. Binance notes that the project’s webpage is estimated to become available in five hours before the Launchpool starts.
According to Binance‘s announcement, users will be able to stake their BNB and FDUSD into separate pools to farm OMNI tokens over four days. Farming is set to start on April 13 at 00:00 (UTC).
Binance will then list OMNI on April 17 at 12:00 (UTC), and it will open trading with the following trading pairs: OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.
The maximum token supply is 100M OMNI, and the initial circulating supply is 10.39% of the maximum token supply. #BinanceLaunchpool #bitcoinhalving #omni #btcnews99 #Omniverse
Why ‘Rich Dad Poor Dad’ Author Supports Cathie Wood’s Ambitious $2.3 Million BTC Price Target
Renowned author Robert Kiyosaki, celebrated for his best-selling book “Rich Dad, Poor Dad,” has endorsed Cathie Wood’s audacious Bitcoin price forecast of $2.3 million per coin. Kiyosaki admires Wood’s intellect and unwavering conviction about the future of the largest cryptocurrency.
Kiyosaki Sees Bitcoin Reaching $2.3 Million
In its February “Big Ideas 2024 report, Cathie Wood’s Ark Invest made an interesting projection for Bitcoin. The firm suggested that the price of Bitcoin could rocket to $2.3 million if 19.4% of global institutional assets — valued at a whopping $250 trillion — moved to BTC.
At the time, Ark also emphasized that Bitcoin had emerged as an independent asset class worthy of a “strategic allocation in institutional portfolios,” as the maiden cryptocurrency’s price action had not been highly correlated with that of other asset classes.
In a recent post on X, Robert Kiyosaki shared his confidence in the astronomically high $2.3 million BTC price prediction, noting that he trusts Cathie Wood’s judgment because she is very intelligent.
The Ark Invest CEO recently raised the stakes, forecasting that Bitcoin could hit as high as $3.8 million if institutional investors substitute at least 5% of their portfolios for BTC. Although the famous stock picker is often slammed for her ambitious price targets, Kiyosaki lauded her for having enough courage to make such projections.
Whether or not Wood’s prediction comes true, the finance author claims that those who follow her advice will be better educated on Bitcoin.
“School is the only place on earth where “smart” people are people who never make mistakes. In the real world, the richest and happiest people are people who make mistakes and learn from them their mistakes.”
Bitcoin Price Outlook
Bitcoin is currently in flux as March all-time highs near $74K refuse to be flipped to support without a fight. According to CoinGecko data, BTC is up 3.5% on the weekly chart and trading for $70,556 at press time.
Cathie Wood’s Ark was one of the asset management firms that won landmark approval from the U.S. Securities and Exchange Commission to list a spot BTC ETF in January.
Following the launch of the investment vehicle, Wood forecasted that Bitcoin would continue stealing gold’s global market since there is now a much easier and safer way for traditional investors to gain exposure to the benchmark cryptocurrency without the hassle of buying and storing it.