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The holidays are just around the corner, and that means you will be able to flex those crypto gains and shower your loved ones with gifts and goodwill – it’s what baby Jesus wants. But before you hang the Star of David or mistletoe wreath over your front door, you need to check your wallet. You most likely have credit cards and debit cards that are hurting your spending power, or worse, pulling your credit score down.
So, while you may be taking profits in crypto, you should be observing the 4th principle of Kwanzaa, Ujamaa, which is economics. Apologies for beating around the bush! What we’re trying to say is – you have to use the tools available to be smart with your money.
Thankfully no matter what holiday you’re celebrating this winter, yield farming has you covered with the best way to protect your wealth but still spread holiday joy. Yield farming can give even bigger crypto gains in 2022 after a massive surge in 2021. How? Well, Bitcoin just went from $56,000 down to $49,000 over the past few days, and you know what that means. When the Bitcoin market goes down, it takes the rest of the crypto market with it, meaning that now is the perfect time to jump in and look at new crypto opportunities. You can buy some new coins that you could bank on just in time for Christmas.
One of the best crypto coins to get right now is BINANCE Coin (BNB). This cryptocurrency is currently ranking third on CoinMarketCap with a market cap of more than $87 billion. The value of BNB dropped by 4.91% in June 2021, but overall, BNB’s price has more than doubled this year. As stated earlier, when Bitcoin falls, other cryptocurrencies see a drop, too, including BNB. It is high time to gather some BNB funds for farming before the next price acceleration occurs.
Once you have some BNB holdings, deposit them on BNBXMAS to earn passive income through interest. BNBXMAS is a new yield farm launching this holiday season – the perfect gift for crypto enthusiasts. This smart contract-based dapp on the Binance Smart Chain (BSC) is an AI automated yield farm, generating a daily ROI of 7.8% to 17%. Overall, investors can earn up to 234% returns. Now isn’t that a great way to multiply your BNB this holiday season?
