Staking offers crypto investors a chance to make decent passive income while taking considerably less risk compared to trading crypto directly. In essence, staking involves placing crypto assets in locked digital wallets for the purpose of validating transactions in Proof-of-Stake blockchains. It’s the inverse of crypto mining, and here is why you should look at it seriously.
You don’t need to invest in expensive computer equipment to do staking. Just a few crypto assets are needed.
Staking offers interest on all assets staked that can go as high as 20% per year in several blockchains.
Also, once the assets are staked, you simply earn some passive income on the side.
Well, if you are thinking of adding crypto staking as part of your overall investment strategy, then there are some coins you must consider. Here they are:
BitDao (BIT)
BitDao (BIT) is one of the leading decentralised autonomous organisations (DAOs) in the world. The platform is designed to attract talented developers to create and deploy innovative DAOs across various chains. BIT is the native governance token on the platform that can also be staked for excellent returns.
Data Source: Tradingview.com
In fact, staking BIT delivers an annual average return of around 14.77%. Besides, the token is a very promising coin backed by superb underlying fundamentals. At the time of writing. BIT was trading for $2.17 with a market cap of around $1.2 billion.
Terra (LUNA)
Terra (LUNA) is a stablecoins network designed to deliver what it calls a price-stable global payment system. Terra is one of the biggest blockchain projects right now.
Its native governance token LUNA, which is also used for staking, has a market cap of $33 billion. This ranks it among the top 10 crypto assets by market cap. Also, staking LUNA will deliver average annual returns of around 12.5% for investors.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
Shark LA702 Rotator Pet Lift-Away ADV Upright Vacuum with DuoClean PowerFins HairPro & Odor Neutralizer Technology, Wine Purple, 0.8 Qt. Dust Cup - Wine (Renewed)
$169.00 (as of June 25, 2024 21:05 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
DaVinci Gourmet Natural Agave Syrup, 25.4 Fluid Ounce (Pack of 1)
$9.99 (as of June 24, 2024 21:06 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
SOLIPECT 9PC Bitcoin Coin | Physical Bitcoin with Protective Case, Gold Plated Bitcoin for Commemoration, Gifts for Men (Gold)
$9.99 (as of June 25, 2024 21:05 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
TAURI 2+2 Pack Screen Protector Designed for Samsung Galaxy S23 Ultra 5G, 2 Pack [Self-Healing] TPU Film + 2 Pack Camera Lens Protector, [Case Friendly] Support Fingerprint Unlock, Bubble Free
$9.99 (as of June 25, 2024 21:05 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
