Six ways to make money while cryptos remain in a bear market

moneycontrol.com:

While extreme volatility and price declines are typically associated with bear markets in which investors tend to lose their savings, a downturn can also be used as an opportunity to build wealth in the long term.

Here are seven ways to earn consistently in the crypto market and build wealth even in a bear phase.

1. STAKING CRYPTOCURRENCIES

Staking is a simple way of increasing your assets if you already own some and do not intend to sell them.

How does it work?

Staking requires you to lock your crypto tokens with a platform to earn interest on them. Staking platforms often allow both fixed and withdrawable staking.

Centralised exchanges such as Binance, Crypto.com, Kucoin, and Bybit allow staking of tokens. Additionally, decentralised platforms including Beefy Finance, ACryptoS, and DEXs like Pancake Swap are available.

Who should stake tokens?

Staking is a must for anyone who already owns tokens and does not want to sell them. Staking offers the opportunity to effortlessly build your assets and then sell them when prices increase.

How much can you earn through staking?

The wealth that can be gained from staking depends on two variables: the type of tokens staked and the lock-in duration.

Staking Tether (USDT) will probably result in a 2 percent annual percentage rate (APR) and won’t make you rich.

On the other hand, you can easily earn more than 100 percent APR if you stake some of your volatile coins for a few months.

2. YIELD FARMING

From an investor’s point of view, yield farming is comparable to staking. If you currently own crypto assets, this strategy can be more appealing.

How does it work?

Liquidity mining is sometimes referred to as yield farming. It is a passive method of making money by adding to liquidity pools. In a