Passive Income is the Name of the Game During the Bear Market. Start with the Best Crypto Tokens to Generate Passive Income Today; ADA, BOO and Gnox Token (GNOX)

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Bear markets are not the time to speculate on risky assets such as cryptocurrencies. However, because cryptocurrencies make decentralized finance possible, there are opportunities for earning perpetual returns on your certain crypto assets. 

Here are three ways crypto investors can earn passive income during this bear market.

SpookySwap (BOO) supports liquidity pools. Holders can deposit tokens into these pools in return for a 0.2% cut of trading fees from qualifying transactions. Users can withdraw from the pool anytime. Spookyswap also offers a yield farm pool where you can deposit Liquidity Pool tokens to earn even more income. Holders can also stake BOO tokens and earn xBOO in return. The xBOO can then be staked to earn other tokens. 

We found this gem of advice on Cryptostars: “Staking LP on Fantom networks. FTM-DAI, FTM-MIM to earn $BOO. I then stake the BOO to get xBOO and stake in the wFTM on Spookyswap. TOMB-FTM I believe is a strong LP pairing, and I stake that on Beefy.Finance.” 

If this all sounds a little complicated and time-consuming, that’s because it is. If that’s a bit too much for you, then how about this next token?

Behind Ethereum and Binance, Cardano (ADA) is the 3rd largest smart contract blockchain. Cardano features a proof-of-stake consensus protocol. What this means is that means it’s native cryptocurrency ADA can be staked to generate passive income by contributing to a stake pool. 

Some Cardano wallets and exchanges let users take part in their staking pools.  Keep in mind that there are over 3,000 active stake pools. So you’ll need to do a little research to find the good ones. Total value staked