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COVID-19 has caused many deaths globally and poses a new and unprecedented threat to public health, food systems and the workplace. Cryptocurrencies gained importance when the economy worsened and uncertainty increased.
Long-term holders of cryptocurrency viewed staking as a way to earn rewards rather than just keeping their coins in their wallets. Staking is an interesting way to contribute to the security and efficiency of blockchain initiatives while at the same time earning passive revenue. Thus, the blockchain is more secure and can handle more transactions. Let’s check out five staking tokens worth investing in this year.
According to industry insights, Terra (LUNA) has reached a new high of $20.05 billion in closed total value (TVL) across 13 product lines. Terra’s TVL was valued at $11.9 billion on December 1, up 68% in less than a month.
Platform users accumulate large amounts of money in the system. LUNA is currently trading at $90, a 12000% increase over its January 2021 price of $0.7. LUNA’s annual profit is approximately 12.10 percent.
Switch pie (cake)
PancakeSwap is a popular storage tool that allows users to share CAKE coins. When investors buy CAKE Coins, they may earn more CAKE Coins or other currencies. Transaction costs on Binance Smart Chain are much cheaper than Ethereum.
They can either claim or reinvest their PancakeSwap rewards. CAKE Coin has an annual return of 31-42 percent, making it one of the best cryptocurrencies available.
Shiba Inu (sheep)
Many investors consider SHIB to be an asset that can be acquired and held in their cryptocurrency portfolio. SHIB holders can now stake/bury, farm/dig, grow/dig their tokens thanks to the debut of the ShibaSwap exchange.
While Shiba Inu is working on Ethereum (now PoW), SHIB’s initial quantity was forged at launch; Therefore, it cannot be mined. SHIB holders can share (bury) their Shiba coins on the ShibaSwap exchange in exchange for BONE tokens and a 0.03% ETH swap transaction fee.
Although JEDSTAR is a relatively young project, it has already made a name for itself in the crypto community, thanks to its innovative strategy for some of the issues surrounding the industry. To name a few, there are concepts such as royalties to NFT authors, mobile app mining to enable low-income people to earn money, and ways to combat “pump and dump”.
However, the showstopper is KRED dollars, with the currency as a service; This will be the project’s first independent cryptocurrency that will allow game developers a “plug and play” solution to turn their game into an actual GameFi without worrying about managing their own cryptocurrency with access to a global currency.
JEDSTAR’s STARSTAKING platform, which can be accessed at https://jedstar.app, allows users to share their $JED token for KRED rewards in US dollars. Benefits start at 5x (500%) for 30 days and go up to 120x (120,000%) each year!
Solana is a scalable blockchain built for efficiency. Scalability is achieved through Solana’s cheap fees and fast transactions, making it an excellent hostage currency. Most transactions take only seconds.
On Solana network, you can share your coins with more than 640 validators, but one cannot operate their own node. SOL coins have risen in value in recent months, reaching an all-time high of $210. With Solana, investors may expect annual returns of 7-11%.
Photo via Possessed Photography on Unsplash