One of the biggest advantages of investing in cryptocurrencies is generating passive income. Investors who are considering the best cryptocurrency to buy in December, among Near Protocol (NEAR), Cardano ($ADA )
) and Lunex Network, you must decide based on which one offers the best passive income return.
Read on to understand its benefits and why Lunex is the best cryptocurrency to buy this December.
Lunex Attracts Investors with Passive Income Benefits
Lunex is a multi-purpose hybrid DEX platform that combines the best of DeFi features. Lunex Network’s architecture enables seamless cross-chain transactions, solving liquidity issues and high transaction fees. Lunex’s offerings and utilities make it a direct competitor in the DeFi space, outperforming NEAR and ADA.
The DeFi market is expected to reach $502 billion in three years. Lunex’s offerings such as no KYC, low transaction fees, robust security, smooth interoperability, and a user-friendly interface put it on track to capture a large share of the DeFi market.
Lunex’s successful pre-sale and crypto analysts’ endorsement of its $LNEX token as one of the best cryptos to buy have caught the attention of both retail investors and traders. Early participants in Lunex’s ICO stand to benefit significantly as the platform gains momentum.
For those looking to explore passive income streams in the crypto market, Lunex represents an exciting opportunity. Lunex offers an attractive 18% APY on staking, in addition to its unique revenue sharing model: 60% of weekly buybacks are burned, reducing the circulating supply, while the remaining 40% is distributed as rewards to stakers, further increasing investor returns.
Near Protocol (NEAR) as a Proof of Stake option offering gains to investors
Near Protocol (NEAR) is a PoS blockchain technology that provides an accessible and scalable platform for NFT and dApp developers. NEAR is a brilliant alternative to Ethereum with its accessibility and high efficiency.
Furthermore, NEAR is interoperable, ensuring its smooth integration with other blockchains, especially Ethereum. This means that NEAR is a competitor to Ethereum, but still compatible, which increases its potential and utility.
NEAR has been one of the best performing cryptos since its November breakout, with a gain of over 106.24%, although it is still down 62% from its ATH. With its innovative Nightshade sharding technology, NEAR excels at handling high transaction volumes while keeping fees low, positioning itself as an ideal choice for traders and dApp developers.
NEAR’s user-friendly infrastructure has made it a key player in the Web3, DeFi, and gaming sectors. Experts are betting that NEAR will take advantage of the high demand for scalable blockchains to broaden the adoption of its protocol and token.
Cardano ($ADA ) and its Proof-of-Stake mechanism provide incentives to users to increase adoption
ADA is a proof-of-stake mechanism that has been experiencing its best phase since August 2021. Since its November rally, ADA’s value has soared by over 250% to reach $1.2, surpassing established tokens like Solana and Ethereum.
Furthermore, ADA’s market cap has skyrocketed to an impressive $40 billion, signaling high investor confidence and growing momentum.
ADA is unlike most cryptos; in addition to its utility, ADA has a staking system where participants can earn passive income. ADA’s staking mechanism uses the Ouroboros protocol to ensure energy efficiency, scalability, and optimal security.
By allowing users to stake their ADA, Cardano incentivizes participation in network validation and ensures that the blockchain remains sustainable and secure.
While $ADA and NEAR both attract investors with different incentives, Lunex is widely considered the king of passive income generation. Lunex is priced at $0.0038 per $LNEX token, and you should get in now to take advantage of this opportunity!