In the ever-evolving world of cryptocurrencies, Ethereum’s recent adoption of the Proof-of-Stake (PoS) model for transaction verification has sent shockwaves through the industry. This shift is not only technical but also has significant implications for investors looking to earn passive income through staking.
PoS coins offer lower transaction fees, better energy efficiency, and the opportunity to earn “interest” or “yield” through staking. Staking involves locking up your crypto assets for a period of time to support the network and earn rewards in return.
In a recent guide for 2024, we explore some of the best-performing staking coins that you can add to your crypto portfolio. These coins have a history of providing high yields to investors who participate in staking.
1. Solana (SOL)
– APY: 7.21%
– Market Cap: $58,784,718,483
– Staking ratio: 67%
– 1-Year ROI: 532.8%
– BMJ Score: 4.0
Solana is a PoS blockchain known for its scalability and low gas fees. Despite a rough patch in 2022, the token has seen a significant recovery and remains a top choice for long-term staking.
2. Sui (SUI)
– APY: 3.59%
– Market Cap: $1,859,933,932
– Staking ratio: 83%
– 1-Year ROI: 213.41%
– BMJ Score: 4.0
Sui is a promising Layer-1 blockchain with a focus on scalability and user-friendly Web3 ecosystem. With a strong team behind the project, Sui is poised to become a major player in the blockchain industry.
3. Celestia
– APY: 14.50%
– Market Cap: $2,675,754,204
– Staking ratio: 53%
– 1-Year ROI: 56.05%
– BMJ Score: 3.50
Celestia is an innovative blockchain network aiming to provide developers with the infrastructure to build new blockchains. Despite being a young project, Celestia shows promise for future growth and offers attractive staking rewards.
4. Cardano (ADA)
– APY: 3.06%
– Market Cap: $27,378,000,000
– Staking ratio: 64%
– 1-Year ROI: 131.5%
– BMJ Score: 3.0
Cardano, known as the “Ethereum killer,” has faced challenges but remains a vibrant project with a loyal community. With a focus on sustainability and constant updates, ADA is a viable option for long-term staking.
5. Avalanche (AVAX)
– APY: 8.51%
– Market Cap: $16,416,140,596
– Staking ratio: 59%
– 1-Year ROI: 168.4%
– BMJ Score: 3.0
Avalanche, another contender for the “Ethereum killer” title, has shown resilience and growth in 2023. With strategic partnerships and a bullish price trend, AVAX is a strong candidate for long-term investment.
These are just a few of the top staking coins to consider adding to your portfolio in 2024. Staking offers a unique opportunity to earn passive income while supporting the blockchain network. As always, it’s essential to research and choose investments wisely based on your long-term goals and beliefs in the underlying projects.
