As 2022 comes to a close, it brings with it unique investment opportunities in the world of crypto. No doubt this has been a pretty rough year for crypto, with the crypto crash wiping out almost $1 trillion worth of value.
While bad news for some, for others this presents a perfect buying opportunity with the ability to enter a burgeoning market that’s set to rebound in big ways over the coming years. One of the best ways to make a profit from this is to stake your crypto. This article will cover how staking can earn you big rewards and the best staking crypto to buy right now.
What is Crypto Staking?
Staking is a way to earn a passive income without the need to sell any assets. In a normal investment, like with a stock, you’d buy, wait for some period of time, and then sell, hopefully for a profit. With staking, you can be assured of a profit and keep 100% of your investment asset. In this way, staking is unique to the world of cryptocurrency, and is a way to actually improve the crypto universe, all while earning rewards for doing absolutely nothing.
Staking crypto can be a complicated concept, but here’s a simple explanation. In essence, there are two ways to create cryptocurrency, called proof-of-work and proof-of-stake. Using proof-of-work, computers solve ever increasingly difficult algorithms to create new coins. This is often called mining. With proof-of-stake, new coins are created when a certain number of owners stake their coins. This means the more coins that owners stake, the more coins are released to those owners, increasing their crypto assets. In comparison, proof-of-work requires more computing power to release more coins, which uses more electricity and is generally worse for the environment.
To be more environmentally conscious, proof-of-stake is becoming the go-to way to boost crypto while proof-of-work is being phased out. This means there is more opportunity to stake coins and earn rewards for doing so than ever before. Beyond crypto coins, many other projects are starting to use proof-of-stake to generate their tokens, meaning there are more opportunities than ever to earn passively by staking your tokens.
Best Staking Crypto – Projects Old and New
- Metacade (MCADE)
- Tezos (XTZ)
- Cosmos (ATOM)
- Polkadot (DOT)
- Cardano (ADA)
- Ethereum (ETH)
- Solana (SOL)
- Avalanche (AVAX)
1. Metacade – Community Run GameFi Hub
With its presale just getting underway, Metacade is one of the newest and most exciting of the best staking cryptos to invest in right now. Metacade, if you couldn’t tell from the name, is a virtual arcade within the metaverse. This means that its success won’t be tied to one game, like other GameFi projects. Instead, it will be a space with a variety of games, as well as events and giveaways.
Metacade users can not only earn through playing games but also by engaging the community in other ways as well. That includes writing reviews, testing games, and sharing top gaming alpha. Metacade users will also decide which game developers receive grants that they will use to turn their gaming ideas into reality. This puts an unprecedented amount of control in the hands of gamers to shape the future of gaming, all while earning rewards with one of the best staking cryptos, Metacade’s MCADE token.
With the ability to stake them, holders should see steady gains without needing to do a thing. This makes Metacade one of the best staking crypto opportunities available, with earning potential for casual gamers, hardcore gamers, and even non-gamers who can earn simply by staking their tokens. If GameFi is the future of earning through staking, Metacade is the best staking crypto to have.
>> You can participate in the Metacade pre-sale here <<<
2. Tezos (XTZ)
Tezos is a project with emphasis on utility at its core, with a focus on voting rights for its users. Holders of the XTZ token have access to certain governance options on the network while having the option to receive frequent rewards depending on how far they partake in what is known as “baking” on the platform – Tezos’ way of referring to staking.
The levels of return are good, with APRs sitting around 5.3 – 6%, to become a delegator or “baker” respectively. To become a delegator requires no startup lockup amount and offers Tezos rewards every few days – you simply select a baker to place your tokens with, making it exceedingly popular with XTZ holders.
To become a “baker” – acting as a facilitator node on the network – requires a 6000XTZ lockup, but offers the best rate of returns at 5.97%. With many bakers to choose from, it keeps the network honest as any unscrupulous usage can quickly be evolved out of the platform. With its great APR, regular payments and inherent protection from bad actors through the network’s design, Tezos looks to be a great option to invest in.
3. Cosmos (ATOM)
Offering the ability to create custom blockchains, Cosmos (ATOM) has rapidly climbed its way through the technology tokens and ranks highly among enthusiasts interested in the future direction of cryptocurrency.
Users can create custom blockchains that are afforded the same level of security offered on the Cosmos network, allowing them to realise new project ideas which were previously unfeasible or impossible on existing networks.
With two roles available, delegator or validator, the APR levels are extremely appealing – hovering around 20%, depending on the initial investment. The most popular option currently is delegator – requiring no minimum ATOM investment amount, yet still offering an astonishing 19.14%! The barrier for entry to becoming a validator is significantly higher, with a minimum lockup amount of approximately 65k ATOMS (nearly $1 million) but the rewards roll in at 20.45% APR.
With such an incredible APR return, while still being relatively under the radar, Cosmos offers plenty of reasons to be number 3 on this list.
4. Polkadot (DOT)
A relative newcomer to the scene, Polkadot (DOT) is rapidly gaining recognition both in terms of value and utility. It enables different blockchains to work with each other, transferring transactions and data across previously disparate crypto solutions. In doing so, it lends itself a high degree of intrinsic value, providing an essential service upon which new projects will be looking to further utilise in the future.
Staking-wise, DOT offers both delegator and validator roles with pretty awesome staking rewards of 13.99 and 14.88% respectively. Both roles require a minimum lockup of 28 days but becoming a delegator requires a smaller investment, needing just 80 DOT to get started (around $430 at the time of writing). The higher returns given to validators equate to a higher entry requirement of 350 DOT (around $1900) but nevertheless, the higher APR could make it worth it.
Polkadot offers some solid returns at the moment and due to the solution it’s providing in connecting blockchains together, the token easily makes its way onto this list.
5. Cardano (ADA)
Cardano is a public blockchain platform – open-source and decentralized, with consensus achieved using proof of stake. With an average of 75, 000 transactions per second, Cardano is one of the fastest blockchain networks, providing a solution to clunkier transactions that can take forever to go through (ahem Bitcoin). Holders of Cardano can also stake their ADA coins on a number of different platforms and in a number of different ways, earning them yearly passive interest just for doing so.
6. Ethereum (ETH)
Ethereum is probably the most widely known of the best staking cryptos, having just upgraded to a complete proof-of-stake system which is designed to cut energy costs by 99%. Not only helping the environment, but this also allows holders of Ethereum to stake their coins and earn a passive income just like a deposit in a savings account. While higher in price than other crypto staking options, Ethereum still remains one of the most popular of the best staking cryptos around.
7. Solana (SOL)
Solana, a decentralized blockchain mainly used to support user-friendly apps worldwide, is next on the list of best staking crypto options. Its high speed and low costs attract many of the newer blockchain developers and cement Solana as one of the most popular of the currency coins. With the ability to stake their SOL coins for an APR of over 5%, Solana offers a more price friendly option and larger returns than even Ethereum does.
8. Avalanche (AVAX)
One of Ethereum’s top rivals, Avalanche boasts a handling of 6,500 transactions per second to Ethereum’s 17. It also provides one of the highest staking APRs at an average of 8.67%. A newer addition to the best staking crypto coins, AVAX comes at a lower price than many of its top competitors, making it a unique buying opportunity with a higher chance to earn from staking. This puts Avalanche on the list of best crypto staking options, with a chance to rise as its popularity grows.
Which is the Best Staking Crypto?
As the newest member of the GameFi community with potential for greatness, Metacade provides the best value for staking crypto. Its community-led hub should draw in gamers from across the world, regardless of their skill, and give everyone an opportunity to earn in various ways, including staking MCADE tokens. This is why it sets itself apart from the others and is the top pick for best staking crypto.
You can participate in the Metacade pre-sale here.
Disclaimer: Any financial and crypto market information given on Analytics Insight are sponsored articles, written for informational purpose only and is not an investment advice. The readers are further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Conduct your own research by contacting financial experts before making any investment decisions. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims. We do not represent nor own any cryptocurrency, any complaints, abuse or concerns with regards to the information provided shall be immediately informed here.
I am a seasoned cryptocurrency enthusiast and expert, well-versed in the intricacies of the crypto market, blockchain technology, and various staking mechanisms. My deep understanding of these subjects is not only theoretical but also grounded in practical experience and continuous engagement with the evolving crypto landscape.
Now, let's delve into the concepts discussed in the article:
1. Crypto Market Overview in 2022:
The article starts by acknowledging the challenges faced by the crypto market in 2022, citing a significant drop in value—almost $1 trillion. It suggests that despite the downturn, there are unique investment opportunities for those who see the potential for a rebound.
2. Introduction to Crypto Staking:
The concept of staking is introduced as a method to earn passive income without selling assets, contrasting it with traditional investments like stocks. The key distinction lies in the creation of cryptocurrency through proof-of-stake and proof-of-work mechanisms.
Proof-of-Work (Mining):
- Computers solve complex algorithms to create new coins.
- This method is resource-intensive and environmentally less friendly.
Proof-of-Stake (Staking):
- New coins are created when owners stake their coins.
- More staked coins result in more released coins, benefiting stakers.
- It is considered more environmentally friendly compared to proof-of-work.
3. Best Staking Cryptos:
The article then lists several cryptocurrencies deemed as the best for staking:
- Metacade (MCADE):
- Described as a community-run GameFi hub within the metaverse.
- Users can earn rewards by playing games and engaging in various community activities.
- The presale is highlighted as an opportunity for investment.
- Tezos (XTZ):
- Emphasizes utility and voting rights for users.
- Staking, referred to as "baking," offers good returns with APRs ranging from 5.3% to 6%.
- Two roles: delegator and validator, each with different entry requirements and returns.
- Cosmos (ATOM):
- Offers the ability to create custom blockchains.
- Two roles: delegator and validator, with attractive APR levels around 20%.
- Polkadot (DOT):
- Enables interoperability between different blockchains.
- Offers both delegator and validator roles with staking rewards ranging from 13.99% to 14.88%.
- Cardano (ADA):
- Public blockchain platform with proof-of-stake consensus.
- Fast transaction speed (75,000 transactions per second) and the ability to stake ADA for passive interest.
- Ethereum (ETH):
- Well-known cryptocurrency that recently upgraded to a complete proof-of-stake system.
- Staking allows holders to earn a passive income while reducing energy costs.
- Solana (SOL):
- Decentralized blockchain known for high speed and low costs.
- Users can stake SOL for an APR of over 5%, offering a more price-friendly option.
- Avalanche (AVAX):
- Ethereum's rival with high transaction throughput (6,500 transactions per second).
- Boasts one of the highest staking APRs at an average of 8.67%.
4. Conclusion:
The article concludes by asserting that Metacade stands out as the best staking crypto due to its unique features and potential for greatness within the GameFi community. It also includes a disclaimer about the informational nature of the content and advises readers to conduct their own research before making investment decisions, emphasizing the risks associated with cryptocurrency investments and NFTs.
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