3 ways to make money during the crypto crash in June 2022 (2024)

The crypto crash in June 2022 has put most investors’ portfolios in the red – but what about making money during the crypto crash?

A quick look on CoinMarketCap’s Biggest Gainers listing today (June 14) will throw up a range of altcoins with gains over 100% in the past 24 hours. These altcoins are highly speculative and require experience and research – but a 100% return in a few hours in the midst of a crypto crash is an interesting prospect.

Below we’ll look at three different ways to make money during the crypto crash.

NOTE: This article is not financial advice. Make sure you do your own research before investing.

1. Short-selling crypto during a bear market

If you believe a cryptocurrency like Bitcoin is likely to crash in the near future, you can make money by short-selling (or shorting) the currency.

In its simplest terms, to short-sell you can borrow a cryptocurrency from a broker, then immediately trade it for stablecoins or similar and then buy the asset back after its price falls while pocketing a profit.

For example, you borrowed $1,000 worth of Bitcoin when it had a price of $30,000 just last week and sell it for $1,000 worth of stablecoins. Today with the Bitcoin price at $22,000 you buy up the same amount of Bitcoin you borrowed (around BTC 0.033) for just $726 and make a $274 profit.

Short-selling crypto during a bear market in practice is more complex than this. One of the easiest methods is through a cryptocurrency margin trading platform, though this often involves leverage by which any losses or profits are exponentially increased.

Short-selling during the crypto crash can also be done through futures markets, binary options trading, prediction markets, contract for differences (CFD), inverse exchange-traded products and more.

Short-selling can be a great way to make money during a crypto crash as you make a profit when an asset’s price falls.

Experience and research are key to making it a success.

2. BUSD rewards from EverGrow Coin

EverGrow Coin aims to be the number 1 crypto for passive income generation.

Since launching in September last year, it has paid more than $37 million to its investor base. A unique feature of EverGrow Coin is that these rewards are paid out daily and even during a crypto crash or bear market.

So how does EverGrow Coin work?

EverGrow Coin charges a 14% transaction tax with 8% redistributed every few hours in the Binance-pegged USD stablecoin. The transaction tax is infinitely scalable and – depending on the size of your EverGrow Coin holding – can see you earn thousands of BUSD when daily trading volume is high.

For example, today EverGrow Coin is down 28% in price. But with daily trading volume up well over 50% to break past $1 million this means at least $80,000 will trickle into the digital wallets of anyone holding EverGrow Coin today. This is because both buy and sell orders must pay the 14% transaction to cash in or cash out of EverGrow Coin.

Check out the third-party calculators on the EverGrow Coin website to see how much BUSD you could make even in a crypto crash.

3. Day-trading on fast-rising altcoins

On the CoinMarketCap Gainers & Losers page, there are at least 5 altcoins making 100% price gains today.

Yes, there are crypto assets that will double your money in a day even during this bleak crypto crash. Today these altcoins are Metaxa, Doge Rise Up, Maya Preferred, Raiden Network Token, and MINT 2 EARN.

A quick browse will reveal significant differences between these altcoins, however. While one token has a daily trading volume as low as $86,000 another has a volume well over $3 million. Furthermore, some of these cryptocurrencies have very little information about them and no idea of figuring out their actual market capitalisation.

Herein lies the risk of day-trading on fast-rising altcoins: there’s no way of knowing which will continue to grow without research.

Some of these tokens could be outright scams, while others could be a ‘rug pull’. This latter scam occurs when a development team suddenly cashes in their tokens or removes all liquidity without warning – often pocketing a profit in the process.

If you have the stomach and steel for day-trading on fast-rising altcoins you could make a lot of money during the crypto crash in June 2022.

However, make sure you do your research and have confidence in where you are putting your money.