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 a capital of 5000$, then the step you have to take is to choose a profitable investment, now available with many investment patterns in the crypto world, you just need to study the condition of the coin and the market movement towards the price of the coin.
You have to study this pattern correctly and precisely, so you don't make a mistake in deciding to invest, usually people use two things in investing, long-term or short-term, this is adjusted to the existing conditions and capital.
So that you really understand the level of risk of the investment. Otherwise, your investment will not yield anything.