True, but I got a few coins that aren't worth that much anyway so I just stake them in a yield farm where you can earn not only the cryptocurrency you stake, but also some others that are part of the farm. It isn't much, but it does create at least a little bit of value before I leave them idle in the wallet.
looks like in ApeSwap there are some such features. Staking BANANA tokens to get other tokens or coins.
rather than just waiting for the price of the tokens we have to go up, staking is indeed the best way to get passive income. although trading is more profitable it requires more skill. whereas staking is the best way to double profit when the coin price or market is not so good.
Yes but when you stake you also have these lock up periods which can be very painful when your coin is in a bull run and you can't get them out and sell them on the open market. That is the biggest risk when you stake your coins especially long-term. I usually prefer to stay in control and react to market sentiments.