Crypto Market is Plunging, But Some Tokens are Still Gaining Yield Farming Profits such as Gnox (GNOX), Fantom (FTM), and Ethereum (ETH)
If you just bought crypto in the hope it might go up, you might be a little concerned right now. Let’s face it, much of the value in some coins is just because people want to sell them on for a profit, not the underlying tech or long-term fundamentals. And that’s never an intelligent way to invest.
But despite recent turmoil in the markets, some cryptocurrencies still have a strong future. And importantly, instead of just buying a currency based on sentiment: some offer real passive income returns and strong yields. While the Fed did recently increase bank interest rates somewhat, they’re still at historic lows. So if you want to start earning yields from your money, these 3 crypto projects could be for you. And if this really is “the bottom”, you might also benefit from price gains in the coming months and years. But even if it isn’t, your money will still be working for you rather than against you. Let’s have a look at 3 crypto projects where you can still get strong yield farming returns:
Gnox becomes the first DeFi platform to offer yield farming as a service
The great thing about GNOX is that it gives the true benefits of DeFi investment to normal people. Those who don’t understand how staking and pooling work. Holders simply hold their coins and let the ecosystem’s treasury of funds do all the hard work. Simply by holding GNOX, you get passive income returns with none of the stress or complications associated with many other passive income streams in the crypto world.
Earning passive income with Fantom
As a layer-1 blockchain, Fantom addresses some of the issues much of the crypto world has been complaining about for some time. Notably transaction speeds and high transaction costs. It’s also a coin you can earn passive income with via liquidity staking. And rates with Fantom are still extremely competitive: you can earn from around 4% to just under 14%. While those higher rates will require you to lock your funds up for a year, they’re extremely good interest rates at a time when banks won’t get you anywhere near that.
However, one problem with Fantom as opposed to something like GNOX, is that you need to understand how staking works and manage the process yourself. This might be offputting if you’re new to the scene or don’t have a ton of technical know-how.
Ethereum still offers strong yields
As one of the mainstays of the crypto world, ETH has had a tough few weeks. However, the things you can do with ETH are almost endless, and there are tons of platforms that allow you to stake your ETH and still earn strong returns. ETH investors may be able to get rates of around 10% for staking their ETH tokens on a variety of different platforms.
One important thing to note with ETH right now: Some third-party staking platforms like Celsius have halted withdrawals. This means you need to pick your platform carefully. Sticking with bigger, more established platforms like Binance and Kraken should be prudent, even if rates aren’t quite as high.
Conclusion
GNOX, ETH, and FTM are all great options for passive income, even in the current bear market. We recommend GNOX the most for newcomers to crypto investment.
Find Out More Here:
Join Presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
