Earn While You Sleep: The Power of Cryptocurrency To Earn Passive Income
From Nasdaq:
1. Cryptocurrency continues to be a hot topic, with Bitcoin reaching $60,000 in late February. Learn how to profit from this volatile asset class, whether through mining or staking.
2. Cryptocurrency mining can earn you passive income, but requires significant investment in equipment and energy. Successful miners can earn an average of $56,000 per year.
3. Staking cryptocurrency is a less intensive way to earn passive income, where you hold specific coins in your wallet to verify transactions and receive additional coins.
4. Yield farming involves providing liquidity to cryptocurrencies in exchange for yield, but carries risks such as smart contract hacks and price volatility.
5. Play-to-earn games offer real-world rewards, while capital appreciation remains a key attraction for many cryptocurrency investors.
6. Despite the potential for high returns, caution is advised when investing in cryptocurrency due to its volatility and uncertain future. Understand your risk tolerance before investing.
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