The flames from FTX's fall have not gone away. The blaze drives away many prospective investors. So how can this be the best time to get into the market, and earn passive income from your investments?
Everything is dirt cheap now! Black Friday came early for the crypto space this year. In this article, I will be looking at three cryptocurrencies that are either heavily discounted from the FTX crash – Shiba Inu (SHIB) and PancakeSwap (CAKE), or are still in pre-sale – Dogeliens (DOGET).
Shiba Inu (SHIB) sent Vitalik Buterin 50% of all Shiba Inu tokens at launch, to which he burned the majority. Burning means sending the tokens to a dead crypto wallet address, effectively removing them from the active supply. This sent the prices skyrocketing and gave investors dizzying gains of 14,044,998%. In order to keep the asset deflationary, and increase the value over time, there has been a token-burning mechanism introduced to reward long-term holders of the coin. Through using the ShibaSwap portal, holders can burn their tokens, and then will receive burntSHIB tokens. The APR of burntSHIB is currently 16%, which is a nice way to gain passive income. As the rest of the market is on fire, and the crypto market is burning after the FTX implosion, why not burn some Shiba Inu to get some gains in a chaotic market?
PancakeSwap is a decentralised exchange running on the BNB Smart Chain. Investors are able to earn passive income in a variety of different ways. They can stake CAKE, the native token of PancakeSwap in Syrup Pools, or stake Liquidity Provider tokens in Yield Farms. Liquidity Provider tokens are given every time a user buys CAKE. Though the exact rates vary with each Liquidity Pool, PancakeSwap can net investors extremely high interest rates like 50% APR, giving a return on investment incredibly quickly.
Also, as the exchange is decentralised, and uses DeFi, or decentralised finance, users do not have to worry about their funds being wiped out if an exchange were to crash, as it is all decentralised. Sweet.
Dogeliens (DOGET) is a new DeFi meme coin that has incredible potential. With Dogeliens you can net yourself passive income from just investing in the token. Every transaction with the native token DOGET has a 10% tax. 4% of this tax is redistributed to all holders, meaning that investors are rewarded with passive income from just holding the token. 3% is put into the charity wallet, where at the end of every month the community holds a vote on what charities to send the funds to. The remaining 3% is used for the development of the network. Not only will you be able to increase your initial investments from just holding the token, but you will also be able to have a positive impact on the world through the charitable donations Dogeliens will carry out every month. It's a win-win!
These are three cryptocurrencies that have incredible potential to grow your investments through passive income. As the majority of the market sees red, buying in now when everything is discounted, and using these discounted tokens to generate additional funds for yourself would net you a huge profit. Don't miss out on these amazing opportunities!
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.