Top 5 staking tokens to consider for a portfolio in 2022
Top 5 staking tokens to consider for a portfolio in 2022.
In 2021, we saw the DeFi boom growing nearly 1,000%, locked down with a total value of over $ 200 billion, and staking becoming one of the most profitable ways to generate passive income.
Staking is similar to a typical bank interest savings account except that the average staking rewards are between 5% and 30% compared to the profits you can get from the bank, but there are still some platforms that offer rewards up to 100% .
In a word, staking became particularly popular in bear markets where investors simply kept their investments rather than reducing their losses while still making large profits.
Below we’ve shared the top 5 staking tokens to consider for a portfolio in 2022
According to industry statistics, Terra, an open source stablecoin network, has hit a new all-time high (ATH) of $ 20.05 billion in its 13 product lines with TVL (Total Value Locked). As of December 1, Terra’s TVL was $ 11.9 billion. Hence, it has grown 68% in less than a month, which means that the platform’s users are investing heavily in the protocol to set 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 one of the top 10 cryptocurrencies by capitalization. The annual staking reward for LUNA is around 12.10% which makes it one of the top cryptocurrencies out there.
LUNA price table | Source: Tradingview
Pancake Exchange (CAKE)
PancakeSwap is a popular staking platform that allows users to wager any CAKE tokens they have accumulated. If investors use CAKE, they can earn more CAKE or other coins.
Compared to platforms like Ethereum, the transaction fees on Binance Smart Chain (BSC) are significantly lower. After you have received rewards on PancakeSwap, you can claim them or reinvest them. CAKE’s annual returns range from 31% to 42%, making it one of the best cryptocurrencies out there.
CAKE price table | Source: Tradingview
Shiba Inu (SHIB)
Many investors view SHIB as an addition to their crypto portfolio. Now the introduction of the ShibaSwap exchange creates a much broader benefit for SHIB as holders can now deploy / bury, farm / mine their tokens.
While Shiba Inu is working on Ethereum (currently PoW), the initial amount of SHIB is set at launch so it cannot be mined. Holders can use SHIB on the ShibaSwap exchange for BONE tokens and a 0.03% ETH swap transaction fee.
SHIB price table | Source: Tradingview
Although JEDSTAR (JED) is a relatively young project, it has already found resonance in the crypto community thanks to its innovative strategy on a range of topics related to the industry. In short, there are ideas like royalty for NFT writers, mobile app mining to enable low income earners, and anti-pump-and-dump.
The highlight, however, is KRED with its Currency-as-a-Service mechanism. This will be the first indie crypto project to offer game developers a “plug and play” solution that turns their games into a real GameFi without having to worry about managing their own cryptocurrency and at the same time having access to one has common currency.
JED started at $ 0.001 and hit an ATH of $ 1.13 in November and is currently trading at $ 0.39 at press time.
JED pricing table | Source: Coinecko
JEDSTAR’s STARSTAKING platform enables users to deploy JED utility tokens in exchange for KRED rewards. The benefits start at 5x (5.00%) for 30 days and increase to a whopping 120x (120,000%) annually.
Solana is a scalable blockchain designed for performance. Scalability is demonstrated by Solana’s low fees and fast transactions, which makes it a great staking coin. Most transactions only take a few seconds.
You can use your coins with over 640 validators in the Solana network, but you cannot operate your own node. The annual return on staking from SOL is between 7 and 11%.
SOL. Price table | Source: Tradingview
The SOL price has been rising steadily over the past few months, reaching an ATH of $ 210 in November.
Here you can see the coin prices.
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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.