I have 2 passive income in crypto and i think both of them will be good in future
1. Stacking IDEA (IDEAOLOGY) in Kucoin Market with APY 24%.
2. Farm OOE (Open Ocean) in OpenOcean Dex.
Topic: Passive income - page 5. (Read 3296 times)
Yes staking the coin is one of the most popular option to earn passive income in the crypto currency world. Cake offers a very good ROI so it is a very good option. But I recommend staking in multiple coins as there are many different options for you like bnb , cardano as you said.
in pancakeswap, you can stake the CAKE you have to get other tokens.which maybe not be many alternatives like this exist on other platforms.
now the adoption of CAKE is also improving. I staked $300 in CAKE. I got my share well. I enjoy it all.
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games
Its good to find something alike that have potential than to just join in a hype that may end any moment since the hype is already there. While its good to join in it we must know how to monitor still since the market is too volatile and dont put all in it , haveother investment in other coins or properties.
It is very beneficial to invest in cakes at this time because a lot of people in front of us when they invested in cakes, the price of cakes was forty to forty-two, so you can earn passive income by providing liquidity or staking your coins which I think will be the best investment of the future.
Have you heard of projects like pay to earn, they are trending topics now, because of the success of Axie, there are three projects now worth investing and holding if you are not going to play, in the future, it will increase the price by tenfold or more, these projects are Binamon Dpet and ofc course Axie do check them out.
CAKE is a good coin with high ROI. They are always adjusting the emission rate so after one year you might not have the returns you were expecting, but with $5000 to invest I think you should have no problem making a couple thousand dollars as long as the price doesn't have a significant decline.
I personally don't currently own any CAKE because I mostly hold BTC and the only DeFi tokens I own offer higher returns but with greater risk. In the past I have held CAKE for staking and I still believe in it's potential.
I personally don't currently own any CAKE because I mostly hold BTC and the only DeFi tokens I own offer higher returns but with greater risk. In the past I have held CAKE for staking and I still believe in it's potential.
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Staking is best for passive income only if you can choose good coins to invest where the price will go up and fully established coin in the market, there are so many farming sites that offer up to 500 to 1000 APY only to rug pull when they have huge money to take, Cake is good and so is UNISWAP you can add at least 5 farming sites.
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Pancakeswap is one of the best DEFI created on Binance smart chain and it has paid huge reward since it was launched back in 2020, its price went up many folds from few cents to 42$ ATH. You can generate passive income on Pancakeswap by providing liquidity or staking your coins. The Annualized Profit is around 90% which is very good return by any standard. It is better to buy cake when price is below 15$ becuase that is its support zone. NOT A FINANCIAL ADVICE. DYOR
AXS? the Axie Infinity game? you need Ethereum for purchasing and to start the game. If you want to multiply your pets, you need that coin for them to mate.
But you're right that it's a good way to generate income as it's profitable just as the other games that offers the same entertainment but lesser in profitability.
But don't you think this is also temporary? Right now AXS seems populair and it is getting pumped but soon the next hype will occur. Look at Alienworlds. At some moment, it reached a price of 6.6$ and now its value is only 0.26$. Investing is these kind of coins is too risky for me.
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games
AXS? the Axie Infinity game? you need Ethereum for purchasing and to start the game. If you want to multiply your pets, you need that coin for them to mate. But you're right that it's a good way to generate income as it's profitable just as the other games that offers the same entertainment but lesser in profitability.
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
I believe not all altcoins are strictly dependent on BTC. But they can always be affected by the trend. Some can still weather the storm though. Like for instance, this undervalued gem called XSN the native crypto of Stakenet. A solid project that offers multiple staking solutions for passive income. They've also got the Layer 3 Stakenet Dex which will going to be launched in public soon. There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
And not only it is almost impossible to achieve in this market but in every single other market and industry as well, passive income is probably the goal of every single person around the world as you will be able to enjoy your life without being worried about trying to make more money anymore but this is very difficult.Even if you invest in bitcoin which is probably the best investment opportunity that has appeared during the last decade that still doesn't count as passive income because you still need to watch the market from time to time and take decisions like whether you are going to sell your coins or you are going to keep holding, so we must recognize that very few people get the opportunity to get passive income.
I believe till I am able to see clear direction of where the market going, I will be staking my stable coin in exchanges that have proved themselves to be safe and secure! The cryptocurrency market is still in bear market and there are few opportunity for flipping! Another passive income is also in staking single asset!
but with the bear market, we can actually look for a spot that can be used as a buy area, so that later we will get more profit. but for that there is indeed a risk that must be prepared, when the price drops, not necessarily when we buy a reversal will occur immediately, but sometimes the market goes down even deeper, so we must be able to set a strategy 
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
if you want to get income that has a weekly or daily period for now you can do that by staking, with the capital you have you don't need to trade and every day you will get passive income from the staking you do, you can start in several places swaps like pancake swap and others. 
I believe till I am able to see clear direction of where the market going, I will be staking my stable coin in exchanges that have proved themselves to be safe and secure! The cryptocurrency market is still in bear market and there are few opportunity for flipping! Another passive income is also in staking single asset!
but with the bear market, we can actually look for a spot that can be used as a buy area, so that later we will get more profit. but for that there is indeed a risk that must be prepared, when the price drops, not necessarily when we buy a reversal will occur immediately, but sometimes the market goes down even deeper, so we must be able to set a strategy What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
passive income from staking Cake is indeed very profitable. I've tried it before. besides that, bnb coins can also be used for passive income. by staking bnb or joining launchpad on binance exchange. both are quite profitable and the price tends to increase per year.
I believe till I am able to see clear direction of where the market going, I will be staking my stable coin in exchanges that have proved themselves to be safe and secure! The cryptocurrency market is still in bear market and there are few opportunity for flipping! Another passive income is also in staking single asset!
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games
you should to know about birb project, it is really undervalue project with complete feature that will developt in near future. It have good staking rate arounf 57% for a year. and also in this month they will build birb swap and play to earn games. If compare with AXIE , birb still in developtment progress but so far they did it well. we could staking and playing game to earn token. 
Currently i suggest to use quickswap, the dex exchange on the polygon network...they will continue distributing quick rewards for liquidity providers till the max amount of 1 million is reached...also you will got the lp fees rewards so i think its really cool
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
If you have such a model, try investing in ethereum, BNB and meme coins which have good potential, you can invest in a slightly longer timeframe, at least a year. I suggest that you invest here, rather than choosing to invest in other coins.
If you want an instant investment then the right step is to invest in bitcoin, it doesn't take long for you to wait, but the problem of investing in bitcoin must have a large capital and for now the buying and selling price is not so significant, the risk is big if you invest in bitcoin At the moment.
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