Large price jumps and 100x gains get a lot of attention from pundits and influencers in the cryptocurrency community because they offer the hope of overnight riches.
In reality, these opportunities are few and far between. Not to mention, only a handful of traders actually manage to catch these waves and cash out in time to lock in life-changing money.
Fortunately, catching a large price surge is far from being the only way for crypto investors to make a buck, and the recent rise of decentralized finance (DeFi), nonfungible tokens (NFTs) and the slow march of mainstream crypto adoption provides a near endless stream of investment opportunities.
Let’s have a look at three different ways crypto holders can make an easy buck without actually having to trade.
Staking, which rewards users for locking tokens on a protocol as collateral for transaction validation, is one of the best ways to earn a yield on assets held in a crypto-based portfolio.
Under this new PoS system, token holders actively participate in transaction validation by locking their coins in nodes on the network that then vie for a chance to verify transactions, create new blocks and receive the rewards that come along with it.
Data from Staking Rewards shows that a stake of 10 Ether currently results in a weekly earning of 0.0075 ETH, worth $17.96 at current prices, and a yearly earning of 0.3876 ETH which is currently worth $933.69.
Lend crypto for low-risk yields
The growth of the DeFi sector led to the development of a diverse crypto lending ecosystem, where users can deposit their cryptocurrencies to various lending protocols in exchange for rewards in the underlying token or in different assets like Bitcoin (BTC), Ether and various altcoins.
Aave is the top lending protocol at the moment and the platform offers yield opportunities for tokens on the Ethereum and Polygon network with its native coin MATIC.
Invest with low-risk trading professionals
Investing your crypto with professional traders is one of the top ways people make money with cryptocurrency. You must have heard your friends or relations say that they’re trading crypto. The truth is that most of these people invest with professional traders, get a daily interest, while they go about doing other businesses.
One of the most trusted group of professionals to partner with is palmarich.com. Palmarich ROI is achievable and it’s what you have to look out for before investing your hard earned money with anyone. Stay clear from traders that will ask you to invest and get 100% in 24hrs. Please, don’t fall for that! Nobody can make such interest daily just like that.
You can start by visiting hhtps://palmarich.com