Apps that can grow your Crypto passively

Apps that can grow your Crypto passively


Earn $100 in crypto everyday, earn $1000 in crypto everyday , earn $10 000 in crypto everyday. Is this even possible? This is pretty much valid and it's true.

The first one which I normally use is Sushiswap https://sushi.com/ . Sushi has so many different farms . We use a strategy that we call yield farming. So basically you need to have money on your crypto wallet like Metamask wallet then connect it onto Sushi. After that, you're going to generate profit in a certain period from any farms you chose. This means you're providing liquidity to the decentralized marketplace and you're earning a reward for that. This will require a little bit of skill because you need a strategy , this is yield farming. So basically you're moving your money around following where there is a highest amount of yield. These farms can run for a couple of hours, for few days , few weeks , this is literally associated with high risk of cryptocurrencies so you need to know what you're doing but overall, It has great returns.

Another one which is similar to this which I highly recommend is Raydium https://raydium.io/swap/?inputCurrency=sol&outputCurrency=4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R&fixed=in . Raydium is like Sushi but in Solano Blockchain. You can do this with small amount of money and the gas fees are not too high. Yield farming needs high knowledge, It's almost like you're a farmer and you're only planting what giving you the most yield and if it stops and changes, switch to another farm , you just have to keep rotating your crops( crypto) to make sure that you get as much yield as possible.

Another strategy for this is obviously buy low and sell high because this is trading. And Trading is reliable because the market is always there. So if you're aiming to make atleast $100 per day , atleast have a minimum of $1000 in your account to make this effective. There are great returns into this but you need to have skills and knowledge. If this is too much for you and you want something quite easy, just put your money and relax and earn passively try these apps.

There are alot of platforms but my preferable one is Nexo https://nexo.io/ . Nexo is an interest bearing cryptocurrency wallet. It supports more than 40 cryptocurrencies. You can earn up to 17 APY on this platform. Other one I recommend is Celsius https://celsius.network/ . This one has higher yield than Nexo. What I don't like about this app is that they don't have a swap function. Let's say you have bitcoin and you want to swap it with ethereum, , well you can not do that on Celsius unlike Nexo. Remember that if you're holding cryptocurrencies , it's always great because you're also speculating on the upside of the price of that cryptocurrency you're holding , whereas if you invested in stable coins like USDT or USDC you earn only interest, the coin doesn't go up or down.

These are platforms that simply allows you to store your crypto and automatically just by storing your cryptocurrency , you gain interest. There are different, some pay on a daily basis , weekly or monthly. It depends on the platform or the settings. What's good about this is that they do not lock your assets , you can simply deposit or withdraw your funds any time when you feel like it.

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WendyZaca
WendyZaca

IT Service Consultant who is interested in Crypto, NFTs and Foreign Exchange.


Crypto, NFTs and Foreign Exchange
Crypto, NFTs and Foreign Exchange

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