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In This Article
  • So,bitcoin 3d print What Is Staking In Crypto And How Can Investors Use It To Their Advantage
  • Staking Opportunity No.1: BTC Bull (BTCBULL)
  • Staking Opportunity No.2: Snorter Bot (SNORT)

The lull in the crypto market is leading many traders and investors to ask, ‘What is staking in crypto?’, as Bitcoin continues to range between $103,000 and $107,000, bringing the market to a standstill until it makes a big move in either direction.

Smart investors are taking this pause in the market as an opportunity to create passive income opportunities. They increase their bags while waiting for the bull run to kick into top gear.

Meanwhile, Bitcoin is currently trading for roughly $103,800. It is holding steady above the $102,000 support line but below the breakout level of $108,000.

(COINGECKO)

So, What Is Staking In Crypto And How Can Investors Use It To Their Advantage

Staking, in relation to cryptocurrency, involves locking up your digital assets. This mechanism supports the security and operations of a blockchain network and earning rewards in return.

Investors use it as a way to earn passive income by actively participating in the network’s consensus mechanism, typically the Proof-of-Stake (PoS) model.

Other projects offer staking services without those staked tokens contributing to anything other than rewarding investors for loyalty to a project, this tends to be the way with memecoins with staking options.

While crypto staking can be a lucrative business, offering free tokens for those who choose to lock-up their tokens, there are some risk to be aware of.

The first risk is lock-up periods. Many projects tend to make it so that staked tokens are locked for a specific period. This mean that you cannot sell or transfer them during that time.

The second risk is price volatility.  The value of the token you’ve staked can experience volatile price swings while tokens are locked.

Today, we will look at two premier crypto projects that are currently offering crypto staking services as part of their offerings, starting with BTC Bull (BTCBULL).

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