Post
Topic
Board Altcoin Discussion
Re: What is the most used option for crypto passive income right now?
by
avikz
on 16/08/2024, 16:11:31 UTC
Hey guys, The market is all acting up again. Probably because of US CPI data. And so bitcoin dropped to 59-57K again. Do ya'll think it'll go for 70k price target? Because I believe we won't be stuck on that price for so long.

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

The only passive income opportunity in crypto market is, mining or staking. I don't think any other passive income  opportunity exists here.

People who do not have a huge amount of money to set up a mining operation, can surely benefit from staking. With pool staking you also do not need to have a huge amount in a specific cryptocurrency. You can start with little and gradually increase your stakes.

If you know about any other passive income opportunity, let me know!