Join Our Telegram channel to stay up to date on breaking news coverage
The crypto market has been on a downtrend in the last few weeks, opening up opportunities to earn higher profits. Staking crypto assets is a guaranteed passive method of earning profits. Hence, investors are looking for the best cryptos for high staking returns.
This guide provides information on the best crypto assets to stake and why to stake them.
1. Lucky Block (LBLOCK)
Lucky Block is a gaming crypto platform that focuses on improving transparency and integrity in the gaming industry. Gaming champions are selected using a random selection system based on decentralised technology. This system increases platform transparency and credibility and is one of the reasons Lucky Block’s native token LBLOCK ranks high as one of the best cryptos for high staking returns.
LBLOCK has a stellar reputation for high price action, having returned over 2000% to investors in just a few weeks after its initial launch in January 2022.
The crypto asset has expanded investment opportunities for significant profits, as it currently trades at $0.0022 at the time of writing. This price peg is offering a good investment opportunity as the digital asset makes efforts to trade above its current moving averages.
Currently, Lucky Block is making improvements to its functionality. Lucky Block’s web app will be released on May 30, 2022. The web app will make it easier for new investors to buy and track assets.
Webapp launch? 🤔
30th of May 🥳
Tune in and make sure you’re a part of our Telegram group 👇https://t.co/4MigxHlmDP pic.twitter.com/nb3Un3NkPU
— Lucky Block Casino (@luckyblockcoin) May 22, 2022
After the web app launch, users will be able to purchase tickets for the first jackpot and NFT draw on May 31st, 2022. Additionally, investors can buy Lucky Block with fiat currencies on the website, a notable advancement towards large scale adoption.
Buy $LBLOCK with FIAT currency! 🤞
Only 2 clicks away – big technological step for Lucky Block – LIVE NOW at https://t.co/ex5dz5GszN ! 🚀 pic.twitter.com/gW9ctefKeQ
— Lucky Block Casino (@luckyblockcoin) May 20, 2022
2. Solana (SOL)
Solana is regarded as the fastest blockchain, validating over 50,000 transactions per second (TPS). The blockchain is one of the most scalable in the crypto ecosystem, providing users and developers with a framework to build applications. Solana is also affordable, which is why its token, SOL, ranks as one of the best cryptos for high staking returns.
SOL currently trades at $44.03, which is below the resistance price of $241. This price peg allows investors to make substantial gains as the market recovers.
Solana is developing several projects that will play to its advancement on market charts. However, the most widespread is its support for sharing NFTs on Instagram.
NFTs are coming to Instagram 🥳 https://t.co/UGj4PJEHuX
— Solana (@solana) May 10, 2022
Instagram is a worldwide social media platform that appreciates creativity and advertises creative digital content on its platform. Using Solana and other sustainable blockchains, Instagram is testing ways for creators and collectors to share their NFTs on the platform. Users will be able to connect to a digital wallet and choose which NFTs they will like to share. User information and assets will be secure using the Solana blockchain and no fees will be charged when users post or share NFTs on Instagram.
As the crypto asset earns more value in the market, it may be a great time to buy Solana, stake the asset, and earn tangible rewards.
3. Fantom (FTM)
Fantom is one of the simplest blockchains available, allowing users to conduct high-speed transactions at minimal costs. The blockchain is a proof-of-stake protocol that aims at providing developers with simple tools while also ensuring protection and decentralisation. Fantom’s unique features help its token FTM to rank as one of the best cryptos for high staking returns in 2022.
FTM has experienced significant price fluctuations, providing investors with possibilities to profit in between. The current price of FTM is $0.36, indicating that the crypto asset is on the rise and may try to break above its current resistance price.
This price increase is due to its integration with Unmarshal, a web3 data infrastructure distributor that provides developers with convenient access to coordinated on-chain data. The integration will provide smart notification APIs for smart contract transactions on the Fantom network. Unmarshal will also offer a wallet balance API to help users monitor their asset balances, a transaction history API to track all asset flows on FTM, and a decoded transaction API to provide a detailed description of a transaction.
With this integration, FTM will experience more adoption and, in turn, more price surges. This may be a great time to buy Fantom.
4. Polygon (MATIC)
Polygon is a global and sustainable web3 infrastructure, built on Ethereum to provide scalability solutions to the Ethereum blockchain and other sidechains. MATIC, Polygon’s token, is one of the few crypto assets that are truly sustainable as it is carbon neutral and has plans to go carbon negative this year.
The crypto asset is a high performing asset. However, the crypto asset has been trading below its moving averages, signalling a great time for investors to buy Polygon and stake the digital asset. MATIC currently trades at $0.60, which is considerably lower than its current resistance price of $2.55. This current price peg along with many developmental partnerships position MATIC as one of the best cryptos for high staking returns.
MSP Recovery, a publicly-traded $32.6 billion U.S. company that leads the medicare payment recovery industry, has collaborated with Tokenology to launch a healthcare assertions tokenisation platform. LifeChain, the newly launched platform, will help alleviate theft and benefit patients, care providers, and insurers alike. This new platform will be built on Polygon, which has low transaction fees, high throughput, and a suite of scaling solutions.
As LifeChain goes live, Polygon adoption is set to surge as healthcare agencies apply the technology.
5. Cosmos (ATOM)
Cosmos is a proof-of-stake blockchain that aims to provide interoperability through modular development. The blockchain has connecting links that allow it to communicate with other blockchains, thereby reducing fees and transaction times. Cosmos’ token ATOM is currently valued at $9.70, making it one of the best cryptos for high staking returns.
As a result of Cosmos’ development efforts, KYVE, a web3 data lake solution, has turned to Cosmos for highly performing and standardised layer one solutions. Cosmos has an SDK that provides web3 developers with a new, configurable structure for easy blockchain development. Having considered these factors, Cosmos SDK is the best choice for KYVE.
Cosmos SDK offers a non-scalable solution to KYVE, creating easier-to-handle high-frequency transactions, more standardised block times, and the block space of the KYVE network.
The integration is intended to broaden the Cosmos application in web3 and encourage more developers to seed the SDK for additional building solutions. As they use the toolkit, the usage for ATOM will rise, increasing the market cap. Hence, this is a good time for investors to buy Cosmos and stake the digital asset.
Read more:
Join Our Telegram channel to stay up to date on breaking news coverage
