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.
First you need to choose an investment, the second you can trade in several available coins, to risk all the existing capital, which in the end you get passive income easily and measurably in every investment.
After that you have to learn correctly every investment you make, compare every available reference and match the patterns that people make, so that the decisions you make are not in vain.
The right investment must be based on knowledge, how to see the condition of the coin and the influence of the price level, we must be able to analyze it well, people's habits are only able to predict but not able to see current market conditions.