Quote from: smile1218 on July 11, 2023, 12:13:52 AM

Quote from: Crypt jnr on May 01, 2023, 04:14:05 PM

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

I think staking crypto currency is a wise investment strategy for those who believe in long term goals. Staking is a process of locking up your crypto currency holdings in a wallet to support the network and validate transactions, in exchange for rewards in form of additional crypto currency. With staking your holdings will grow in long term. But make sure that the coin you will stake is have the potential to grow in the future, if you stake a low developed coin you might lose the price value forever. For me it is better to stake Bitcoin or Ethereum for a long period of time. But then again it is up to you what coin are you going to stake.

As you mentioned earlier, the decision on which cryptocurrencies to stake ultimately rests with individual investors. Fortunately, staking is not restricted to a single or specific cryptocurrency. Staking certain cryptocurrencies such as BGB can effectively assist investors in diversifying their portfolios. For instance, by staking 100 BGB in the ongoing launchpool event on Bitget, the investor can earn 0X0 tokens. Saking offers numerous advantages.