5 Ways to Earn Passive Income in Crypto Despite the Lingering Bear Market

By Lola Coin Jun 26, 202382Views

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The bear market in the crypto industry has been longer than expected, with factors such as the SEC, the collapse of Voyager, Terra, FTX, and others contributing to its prolonged duration. Despite this, people are still searching for opportunities to earn passive income in the crypto space. The standard method of earning in crypto is buying and holding tokens, known as HODLing. However, in a bear market, this may not yield immediate cash due to high price volatility. Therefore, alternative options for passive income are worth exploring. These include staking on proof-of-stake (PoS) blockchain platforms, mining cryptocurrencies through proof-of-work (PoW) algorithms, participating in affiliate programs, engaging in yield farming on decentralized finance (DeFi) platforms, and participating in airdrops. Each of these methods offers different opportunities for earning passive income in the crypto market.

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