Best coin to farm right now

[Quantum907]

In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

Of course, it is a new coin or token that dares to give APR of up to thousands of percent, if we are staking on a strong coin like MATIC then the APR is only about 22% and I think the best thing to get big profits is to invest in new coins or tokens that provide staking services.

[flip4flop]

If you are looking for a decent return without an insane amount of risk the second phase of Algorand's governance program opens up in a few days. You just have to sign up and leave them in your wallet. With the bonus it should yield around 20% if you continue to do it. You can find out more info below if interested.
https://algorand.foundation/governance

[barbara44]

the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.

Yield farming? A new kind of alternate to POS after masternode scams? I am sure if you attempt to maximize your networth through any of these and I am sure you will bite the dust and no other result will be possible in 99.9% of cases. Yeah, you got only 0.1% chances to achieve as per what such farming yielding promises.

to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming

Where there cannot be any right coin to be existing then how you could finish up your first step? This is why most investors do settle down with stranger's advice which never can be in your favor.

my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

I am not seeing it as "speedy" but as "greedy" which is the first target of all such scams in this altcoin space.

[livingfree]

snip

How many ron/wron you currently have been farming? (snip..)

Currently, I have a position in the Liquidity pool for the WETH-SLP pair worth around $400 USD, and I am averaging, I believe, 1 RON every two days. Now, I think the total WRON being farmed is around 15WRON as of this writing, but I feel inclined to top-up the position once more to maximize the remaining days until February 2nd.

I also set the groundwork in staking AXS to generate at least 0.5 AXS per day, which I believe is achievable.

Wow, that's nice.

I currently only have 2 ron at the moment and I don't know how to calculate the average that I'm getting daily.

I'm also planning to get into AXS staking soon but I'll wait until the farming of ron ends. I'll be going on it soon. 0.5 AXS is already a good amount per day if that's what you're planning. I'll set myself too with it soon. But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?

[Coin_trader]

Of course, it is a new coin or token that dares to give APR of up to thousands of percent, if we are staking on a strong coin like MATIC then the APR is only about 22% and I think the best thing to get big profits is to invest in new coins or tokens that provide staking services.

And usually new coins or tokens that provide staking services with large APRs will not run in the long term, in contrast to coins like Matic which have no doubt about their potential even though the APR looks small in terms of Staking.

It's common that new token offers higher APR to attract token holder to farm using there token due to tough competition as you already stated when you brought up Matic. But it doesn't that the coin is not trusted or will not gonna success since they adjust the APY % base on the demand of the stakers so basically even if they have a thousand APY initially, It will still go down when the volume of token stakers surge in.

[Rocky993]

Among the projects that are currently coming up with MEtaverse and P2E Gaming are the ones on which the big companies have projects that will undoubtedly yield good results and it is important to invest only if those projects are well verified.  And only by knowing how much is its market cap, all those successful projects will give more return than everyone's investment.

[cryptoaddictchie]

In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

Go for Spiritswap. I am LPing on their boosted farm spirit-ftm pool. The rewards are juicy Spiritswap tokens. Now I am using my Spiritswap tokens to locked in on their inspirit pool which is time in locked the longer you lock it the more boosted for farming it will give you. Also there is a reward given to all those who locked their spirit into inspirit with spirit rewards weekly. I think this is the most passive and good farming I've seen in such defi product.

[Ten98]

Among the projects that are currently coming up with MEtaverse and P2E Gaming are the ones on which the big companies have projects that will undoubtedly yield good results and it is important to invest only if those projects are well verified.  And only by knowing how much is its market cap, all those successful projects will give more return than everyone's investment.

The others are also not so bad even though the amount of profit is different, and what is clear is that each benefit will always be valuable to everyone even though it is not the same because the journey of each project is not the same and very often different.

[Questat]

In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

You may take a look at this,
https://thevrsoldier.com/top-5-yield-farming-coins-to-watch-in-2022/

I can assure you about the speedy profits coz that is not the thing we are after, I guess but at least, we make a good profit out of them as it was possible. Well, actually, I didn't try it recently and I'm not sure if farming is still in a good position now unlike before. Because what I see is in big opposite but who knows if 2022 is a good year for farming.

[justdimin]

In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

I am just seeing significant number of people started showing interest on investing into any type of passive income generation based coins. But unfortunately, no such long lasting opportunity have been available in this crypto space. There might be some good yielding cryptocurencies will arrive but over the time it will turn scam and the people who invested will be left with only coins but no values for the holding coins. This has been happened in the crypto space for more than hundred times still people like you never learned any lessons from others' experience.

It can be defi or anything with fancy terms but you cannot create value out of nothing; speculative assets will fail over the time because no investor could remain without profit booking.

[Balmain]

When you say farm, I think you mean defi farming. There are hundreds of Defi projects, they all have pools and different annual apy rates are available. There is a problem in Defi projects, there are too many contract gaps and flashloan hacking can occur. That's why I don't look at a lot of new projects. Cake farm does not look bad even now, its annual apy is 68%. I never get involved with LP tokens anyway. It is best to take advantage of the farm by showing a single token as collateral.

[el kaka22]

People are sleeping on Axie and its current situation. I am sure that right now people see that SLP price is dropping, and it may drop even more so that is totally understandable. However what they are missing is that for something like as cheap as 300 dollars, you could build a meta team. This means if you could make about 150 SLP per day, which is not really that impossible (could make a lot more) you have a chance to make nearly 130 dollars a month.

I am not saying that you will buy a great meta team for 300, nor will make 130 dollars a month, all I am saying is there is a "chance". Of course do not forget about the fact that each extra 300 dollars you spend could be another scholar who could bring 50-60 dollars easily, probably even more. So, we are talking about a great return on investment. There are also other games and such on the roadmap which could make people earn more, and increase the prices of axies as well.

This could be bottom for it, or it could be going down even more, we do not know but I feel like it worths the risk. If I had money, I would definitely build a team right now.

[Tellek Garing]

In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

Go for Spiritswap. I am LPing on their boosted farm spirit-ftm pool. The rewards are juicy Spiritswap tokens. Now I am using my Spiritswap tokens to locked in on their inspirit pool which is time in locked the longer you lock it the more boosted for farming it will give you. Also there is a reward given to all those who locked their spirit into inspirit with spirit rewards weekly. I think this is the most passive and good farming I've seen in such a defi product.

Spiritswap is a highly viable coin to farm at the moment where another coin in the farming pool is paying a low percentage of their native coin. I was considering investing a large part of my capital on this coin in the coming year of 2022. But again Ape swap coin is also a good alternative and also a viable asset to farm it has a high LPG with weekly reward payment.

[livingfree]

People are sleeping on Axie and its current situation. I am sure that right now people see that SLP price is dropping, and it may drop even more so that is totally understandable. However what they are missing is that for something like as cheap as 300 dollars, you could build a meta team. This means if you could make about 150 SLP per day, which is not really that impossible (could make a lot more) you have a chance to make nearly 130 dollars a month.

I am not saying that you will buy a great meta team for 300, nor will make 130 dollars a month, all I am saying is there is a "chance". Of course do not forget about the fact that each extra 300 dollars you spend could be another scholar who could bring 50-60 dollars easily, probably even more. So, we are talking about a great return on investment. There are also other games and such on the roadmap which could make people earn more, and increase the prices of axies as well.

This could be bottom for it, or it could be going down even more, we do not know but I feel like it worths the risk. If I had money, I would definitely build a team right now.

You're right and that's what I'm doing.

Building more but there are moments of time that I'm being moved and emotional when I see people create FUD about Axie.

I'm not defending them and I'm just another investor just as the others. The price of Axies has been rock bottoming and SLPs price as well.

While AXS, it's still considered being at a good price.

In return of it, I'm leaning on the ron token although I'm not really invested a lot there since I'm dividing my capital from here and there. Hopefully when it launches, it will have a good price and as well as the recovery of SLP and team prices will increase.

[flip4flop]

I would also take a look at Crabada. The barrier to entry is higher but the earning potential is also much higher. There is also a ton of development and releases coming in 2022 that will likely continue to push it upward. Its still early on in the game and people are making a decent daily income from playing the game. With the recently introduced staking to earn CRAM it just helps keep the coin itself stable. I went in heavy on this a few weeks ago and its one I will continue on with into 2022.  IME is another P2E game I would keep a very close eye on.

[Taskford]

snip

How many ron/wron you currently have been farming? (snip..)

Currently, I have a position in the Liquidity pool for the WETH-SLP pair worth around $400 USD, and I am averaging, I believe, 1 RON every two days. Now, I think the total WRON being farmed is around 15WRON as of this writing, but I feel inclined to top-up the position once more to maximize the remaining days until February 2nd.

I also set the groundwork in staking AXS to generate at least 0.5 AXS per day, which I believe is achievable.

Wow, that's nice.
[..snip]I don't know how to calculate the average that I'm getting daily.

I don't know how, I just monitor the WRON reward on a daily basis on a specific time just to collect enough sample data in order to average it.

[...snip]But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?

Currently we have around 112% Annual Percentage Return (APR) which can be seen on the AXS staking dashboard. And to calculate your daily reward, you need to consider how many AXS is currently at stake. The formula to get the daily rewards based on the current APR are as follows.

No.of AXS staked / APR(%) = No. Of AXS rewards within a year.

So in order to calculate the daily reward, you'll just need to divide the quotient from 365 which is the number of days in a year. And to answer the question on how we can have a 0.5 AXS per day, you need to have at least 165 AXS staked as per the current APR.

165 / 112% = 184.8
184.8 / 365 = 0.50 AXS per day

[Reid]

I have never been absorbed by this kind of method since it's almost the same as what happened before. High yield investment programs. Like a combined staking and HYIP. But, some investors are good at this especially if they used the right research for the coin that they are farming.
Support is also a point to consider. Trusted exchange like Binance do support this kind of method but don't forget to double check as there maybe ToA about Binance not being responsible for any losses.

[Williamm07]

Play to earn games are good at keep a token price at check, though the game project must be a stronger one like wonderhero for example, they have staking and farming but now it doesn't look like market will go Futher up I believe that bear market is imminent so farm for a month or two and take your profits

[oemar bakrie]

quick profits are only based on luck, because not everyone knows coins that can get a lot of profit, but everything can be learned in new markets, and there will definitely be exceptions if we start routinely transacting in them like there is a..certain coin rewards if we have or often transact o
n the coin..maybe my understanding is like that.

Your statement is not far from what farming is all about because in yield farming you provide liquidity for the coin to support its transaction and also prevents the value of the farmed coin from dropping, but the major challenge is in choosing the coin to farm because is you farm the wrong coin all your efforts may be in futility as the project may die in the future so you need to carefully choose the coin you will want to risk on.

it requires a very thorough and broad understanding of the coins that we will use as agricultural fields from seeing teamwork or movement patterns in the market.
and there the risk will be slightly reduced because the sense of confidence will be tested...

[Cengghengmania21]

When we do coin farming, the main thing money is needed is to choose the right coins and persistence. because farming cryptocurrencies is very similar to farming in the real world. starting from the initial stage to the harvest process. and this is an interesting thing of course