Strap in. Only several weeks remain in 2023, and 2024 will be an up-only bull market for digital assets. What cryptos to buy now to take advantage of the incoming institutional and retail flows? The answer is simple tokens with staking rewards. Investors can start staking now, build their stack, and earn passive income on their investments.
But what are the best staking tokens? First place goes to Galaxy Fox ($GFOX) due to its unique deflationary tokenomics. Second place goes to Solana ($SOL) due to the composable nature of available liquid staking tokens. How can investors get rich from staking these altcoins? Buy and stake today, sit back and earn, then sell in 2025.
Galaxy Fox ($GFOX) Residual Income Monster
Galaxy Fox is the market’s leading passive income play and one of the top cryptos to buy right now before 2024. Early $GFOX stakers will get rich, and this play-to-earn token has built incredible momentum in recent weeks, already raising over $250,000 in its presale.
But what makes $GFOX staking special compared to other altcoins? The principal difference is that buy and sell taxes fund staking payouts in the Galaxy Fox ecosystem. This comes with several unique advantages for stakers.
First, when staking rewards come from emissions, this increase in supply naturally acts as a negative influence on price – Galaxy Fox doesn’t have this problem. Second, $GFOX staking rewards are uncapped. Due to Stargate, the staking hub, paying out accrued buy and sell taxes, rewards have no upside limit. As the ecosystem grows, staking will become more profitable.
Another unique feature about Galaxy Fox staking is that the rewards stakers earn, $GFOX tokens, are naturally deflationary due to the protocol’s ongoing burn campaign. This campaign removes tokens from circulation, and Galaxy Fox is one of the first crypto protocols to introduce the ability to generate/ yield passive on a deflationary asset.
This powerful economic mechanism is why experts respond to the question: ‘what cryptos to buy now’ with a recommendation to participate in the Galaxy Fox presale. An ideal crypto for beginners and expected to be one of this cycle’s overperformers.
Solana ($SOL) Wave of LSDs
Solana is another top crypto to invest in for users who want to unlock passive income. The recent rally brought attention to the ecosystem, which has gained several interesting liquid staking derivatives for the $SOL token throughout the bear market.
$SOL token holders deposit their $SOL with one of these providers and get a liquid token in return, which has composability throughout the ecosystem. Users earn and keep a liquid token to play around in DeFi. Jito staking and its token $jitoSOL have become popular due to the potential for an airdrop.
The upside of these Solana-based LSDs is that investors can deposit these tokens into lending protocols and leverage up their investment or yield farm while earning staking rewards. A dual source of income!
Closing Thoughts: GameFi Plus Passive Income Means 100X
Timing is everything for investors who want to get rich from staking altcoins, and the earlier they start earning and compounding rewards, the better. But the ultimate secret to getting rich by staking is to stake a token that experiences astronomical price appreciation.
Galaxy Fox’s central location in the GameFi narrative — the narrative expected to drive this cycle – makes it the perfect opportunity for regular investors looking to seriously upgrade their net worth this cycle. No wonder analysts advise participating in this presale when asked what cryptos to buy now for the best returns this cycle.
Learn more about $GFOX here:
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Source: https://www.analyticsinsight.net/how-to-get-rich-by-staking-these-altcoins/