In 2021 we have seen the DeFi boom, growing by almost 1,000%, with a total value of over $200 billion locked and staking becoming one of the best profitable ways to earn passive income. move and enjoy a return on investment.
Staking is similar to a typical bank interest savings account, except that compared to the profits you can get from the bank, the average staking rewards range from 5-30%, but there are still some platforms that offer rewards up to 100%.
In a word, staking became especially popular during bear markets, where investors simply kept their investments instead of cutting their losses, while still earning high rewards.
Below, we have shared the top 5 staking tokens worth investing in this year.
According to industry statistics, Terra, an open-source stablecoin network, has TVL (total value locked) hitting a new all-time high (ATH) of $20.05 billion across its 13 product lines. On December 1, Terra’s TVL was $11.9 billion. As such, it has grown by 68% in less than a month, meaning that users of the platform are making massive investments in the protocol for staking rewards.
LUNA is currently trading at $71.8, up 10.257% from $0.7 in January 2021. LUNA currently has a total market cap of $25.7 billion, making it among the top 10 cryptocurrencies by capitalization. The annual staking reward for LUNA is around 12.10%, making it one of the best cryptocurrencies to stake.
LUNA price chart | Source: Tradingview
PancakeSwap is a popular staking platform that allows users to stake any CAKE tokens they have accumulated. When investors stake CAKE, they can earn more CAKE or other coins.
Compared to platforms like Ethereum, transaction fees on Binance Smart Chain (BSC) are significantly lower. After receiving rewards on PancakeSwap, you can claim or reinvest. CAKE’s annual returns range from 31–42%, making it one of the best cryptocurrencies out there.
CAKE price chart | Source: Tradingview
Shiba Inu (SHIB)
Many investors consider SHIB as an addition to their crypto portfolio. Now, the launch of the ShibaSwap exchange creates a much broader utility for SHIB as holders can now stake/bury, farm/mine their tokens.
While Shiba Inu works on Ethereum (currently PoW), the initial amount of SHIB is set at launch, so it cannot be mined. Holders can stake SHIB on ShibaSwap exchange for BONE tokens and 0.03% ETH swap transaction fee.
SHIB price chart | Source: Tradingview
Although JEDSTAR (JED) is a relatively nascent project, it has already resonated in the crypto community thanks to its innovative strategy on a number of issues surrounding the industry. In a word, there are ideas like royalties for NFT authors, mobile app mining to allow lower income earners and anti-pump-and- dump’.
However, the highlight is KRED, with its Currency as a Service mechanism. This will be the first indie crypto project to give game developers a ‘plug-and-play’ solution that turns their games into a real GameFi without worrying about managing their own coins. cryptocurrency, while also having access to a common currency.
JED launched at $0.001 and hit an ATH of $1.13 in November and is currently trading at $0.39 at press time.
JED price chart | Nguồn: Coingecko
JEDSTAR’s STARSTAKING platform allows users to stake JED utility tokens in exchange for KRED rewards. Benefits start at 5x (5.00%) for 30 days and go up to a whopping 120x (120,000%) annually.
Solana is a scalable blockchain, built for performance. Scalability is demonstrated through Solana’s low fees and fast transactions, thus making it a great staking coin. Most transactions only take a few seconds.
On the Solana network, you can stake your coins with over 640 validators, but one cannot operate their own node. The annual return when staking SOL ranges from 7–11%.
SOL . price chart | Source: Tradingview
The SOL price has been steadily increasing in recent months, reaching an ATH of $210 on Nov.
You can see coin prices here.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to NewsBTC