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Apart from crypto trading, another important method that investors can use to earn additional income in cryptocurrency is staking. Staking has been around for a long time, and both experienced and new investors use it to attract huge profits. Rather than trading assets in a time of uncertainty, investors can secure a low-risk strategy through staking. By staking, investors have the opportunity to increase their income without being exposed to market fluctuations. This is especially helpful when the market is low and investors lock in their funds and earn passive income in return.
Simply put, crypto staking is a way to escape market volatility, especially when it is in a downtrend. Crypto staking can yield more profits than real trading. Some platforms offer rewards of 5-30%, while others give as much as 50%. Staking is like putting money into a high-yield savings account, you don’t lose money. At the same time, if there is a loss, you may not make a profit but you will still get your assets back. Staking is beneficial not only for investors but also for staking platforms. By staking your assets, you contribute to the smooth running of the network and maintaining the security of the blockchain.
Top 3 Staking Coins Good for Investing in 2024
PancakeSwap (CAKE)
With PancakeSwap, investors can earn higher rewards by staking their assets. PancakeSwap offers high staking rewards compared to most centralized exchanges. To stake on PancakeSwap, investors can transfer some CAKE from PancakeSwap to other decentralized wallets like Metamask and then connect their wallet to PancakeSwap DEX.
After that, they can go to the pool and stake their assets. Depending on how long they want to stake their assets, investors can earn annual returns of up to 22 percent. Investors can choose to receive their rewards after staking or reinvest the proceeds on the platform.
What Makes PancakeSwap Staking Unique
- Less time to complete staking
- Users can calculate how much they will earn in each staking pool, so they can know about staking rewards in advance
Pullix (PLX)
According to the sponsored content poster, Pullix, whose future is uncertain, is a platform where you can earn huge rewards without trading your assets. Pullix is one of the new DeFi projects that has developed a hybrid trading platform that allows users to earn profits by staking. The platform offers high staking incentives for those who choose to stake their tokens. Those who stake Pullix tokens earn a 50% reward distribution. The project is new and its future is uncertain.
According to the sponsored content poster, Pullix uses this high staking reward to encourage long-term retention and increase active participation on the platform. With a fixed monthly APR profit of 18%, Pullix is claimed to offer one of the best staking reward systems among DeFi protocols.
Can Pullix Staking Be Successful?
- It is claimed that Pullix staking rewards can provide profit, although this is not certain.
Ethereum (ETH)
Ethereum is the most popular DeFi blockchain and one of the top-tier DeFi projects. The platform offers staking rewards for investors who do not want to trade their investments. Not only that, Ethereum staking is used to secure the blockchain and the amount of ETH staked determines the reward that can be obtained. However, investors may be disappointed as Ethereum offers one of the lowest staking rewards.
By holding the token for a full year, investors are repaid with a 2.8% staking reward. This may not be the best move for investors looking for higher staking rewards. However, compared to the risk associated with actual Ethereum trading, one may still prefer the staking alternative as a low-risk strategy.
What Makes Ethereum Staking Unique
- When you stake Ethereum, you become a validator of the network.
- Ethereum stakers can stake their assets on various centralized exchanges.
Click to review Pulix token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
