Most people have recommended I stake for memecoins on exchanges because they usually have high APRs up to even 200% sometimes and their price can be more spontaneous but then more risky
While other people have recommended stable altcoins like TON, EGLD, and many more with lesser APRs but more stability
Which do you guys think is better?
There are 2 kinds of staking; the flexible and fixed staking.
Now, the flexible staking can be withdrawn at anytime without stress, it can even be withdrawn within days according to the taste of the user
The fixed staking is been placed there for a certain period of time and cannot be withdrawn until the duration elapse.
I stake USDT, BTC and ETH, though the APR is not much but I placed it there since they are assets on HODL and not in for trading.
I don't really think staking memecoin is a good idea because of its volatility, even the top memecoins, staking them is a kind of risk from my point of view.
I prefer trading them than HODLing or Staking them.
On the other hand, I prefer the flexible staking, so when the market is up to the price I would love to sell, then I can withdraw my staked coin ASAP and sell off.