Top 5 Staking Tokens to Consider in Your Portfolio in 2022

COVID-19 has killed many people worldwide and posed unprecedented new hazards to public health, food systems and workplaces. Cryptocurrencies become important when the economy deteriorates and uncertainty increases.

Long-time cryptocurrency holders see staking as a way to earn rewards rather than just keep their tokens in a wallet. Staking is an interesting way to help increase the security and efficiency of blockchain initiatives while earning passive income. Therefore, the blockchain is more secure and can process more transactions. Let’s take a look at five staking tokens worth investing in this year.

Earth (Moon)

According to industry statistics, Terra (LUNA) has reached a new high of $20.05 billion in total value locked (TVL) across its 13 product lines. Terra’s TVL was $11.9 billion on Dec. 1, up 68% in less than a month.

Users of the platform are investing a lot of money into the system. LUNA is currently trading at $90, up 12,000% from $0.7 in January 2021. LUNA’s annual staking payout is about 12.10%.

PancakeSwap (cake)

PancakeSwap is a popular staking tool that allows users to stake CAKE currency. When investors stake CAKE coins, they may earn more CAKE or other currencies. The transaction cost of Binance Smart Chain is much cheaper than Ethereum.

They can claim or reinvest their PancakeSwap rewards. The CAKE token has an annual return of 31-42%, making it one of the best cryptocurrencies available.

Shiba Inu (SHIB)

Many investors view SHIB as an asset that they can acquire and keep in their cryptocurrency portfolios. Thanks to the debut of the ShibaSwap exchange, SHIB holders can now stake/bury, farm/mine and farm/mine their tokens.

While Shiba Inu runs on Ethereum (now PoW), the initial amount of SHIB is created at launch; therefore, it cannot be mined. SHIB holders can stake (bury) their Shiba tokens on the ShibaSwap exchange in exchange for BONE tokens and a 0.03% ETH swap fee.

JED (JED)

Although Jetstar A relatively young project, it has already made a name for itself in the cryptocurrency community, thanks to its innovative strategies for addressing some of the industry’s problems. To name a few, there are concepts such as royalties for NFT authors, mining through mobile apps to make money for low-income people, and the anti-pump pump approach.

Most notable, however, is $KRED, which offers currency-as-a-service. This will be the first project-independent cryptocurrency that will allow game developers to use a “plug and play” solution to turn their games into real GameFi games without having to worry about managing their cryptocurrencies themselves, or even Common currency can be accessed.

JEDSTAR’s STARSTAKING platform (accessible at https://jedstar.app) allows users to stake their utility token $JED in exchange for $KRED rewards. Earnings start at 5x (500%) for 30 days and go up to 120x (120,000%) per year!

Solana (SOL)

Solana is a scalable blockchain built for efficiency. Scalability is achieved through Solana’s low fees and fast transactions, thus making it an excellent staking currency. Most transactions only take a few seconds.

On the Solana network, you can stake your tokens with over 640 validators, but one of them cannot operate its own node. The value of the SOL token has soared in recent months, hitting an all-time high of $210. Using Solana, investors may expect annual returns of 7-11%.

Photo by Possessed Photography on Unsplash

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