Around 34.69M $ETH is currently staked on the Beacon Chain.
The situation proves one of crypto’s biggest selling points – the ability to generate long-term passive rewards from existing assets.
Staking, in other words.
If you’re already staking Ethereum, what’s the next crypto to add to your staking portfolio? And why stake instead of selling?
We’ll answer those questions below.
Think of staking like earning interest on a savings account. But instead of dollars or euros, you’re keeping cryptos like Ethereum or Solana in the account. And earning passive income while doing nothing.
However, unlike fiat savings, which often depreciate because of inflation (and the interest can barely offset that), staked cryptos do the oppposite. They often appreciate while also earning interest.
Staking a cryptocurrency (whether $ETH or a crypto presale token) also supports the long-term future of that token by enhancing security and improving decentralization.
It also establishes a healthy foundation for the blockchain to grow on. That’s because by staking, users have a vested interest in seeing the ecosystem and token grow consistently.
Case in point, Ethereum’s currently experiencing a surge toward $2.8K, and the significant staked portion of its supply (30%) could have played a part in that.
And when it comes to crypto presales, where tokens sell before the project launches on exchanges, the potential yield can be truly impressive – as with $SNORT’s current 487% dynamic APY.
But not anymore. The Snorter Bot finds those underground deals, sniffing them out to deliver the best returns possible.
Copy trading even lets you find and imitate other successful traders. And honeypot detection and rugpull protection let traders avoid common pitfalls that could lead to losing your investment.
The Snorter Token – $SNORT – gives access to the planned Telegram dashboard and facilitates token swaps. Importantly, it also lets you stake tokens for a 487% dynamic APY.
Roughly 5.1B $SNORT tokens are currently being staked, a little over 1% of the total supply of 500B. That means now is the best time to buy and stake $SNORT, as the dynamic APY will fall the more people stake their tokens.
But remember isn’t financial advice – always do your own research.
