Bitcoin we all know it is the top cryptocurrency of all time. For those who don't have the potential to own bitcoin Altcoin comes into place. Altcoin gives the opportunity to earn passive income by developing a mechanism called Proof of Stake (POS).
Here in POS people have to participate in the network inorder to work and push the transaction which is called staking.By staking it gives voice to the project. When staking a coin it gives a vote to which node/ network is right to produce block. Hence by staking it gives both a passive income and at the same time give power to grow the project.
Here are the list of top 8 altcoin with high staking rewards.
Synthetix network(SNX)
Rank#49
Price-0.87$
AY- 53%
Synthetix is an Ethereum based token trading platform which allows to create a of real world assets, like stocks and shares to be bought and traded using crypto. It was innitially started as a decentralized payment network powered by stablecoins before integrating to Defi.
It offers a wooping 53% annual return in staking which is one of the highest in the list. It is currently at 49 spot in coinmarketcap. So with an altcoin among top 50 and with such high reward potential why not staking it . It will surely worth profit.
Cardano (ADA)
Rank#10
Price-0.087$
AY- 10.25%
when it comes to top altcoin with huge potential, Cardano cannot be left unmention in the list. It price has been pumping with the rolling out it Sheeley mainnet in june .which will then make cardnano one of the most decentralised crypto ever. And people will be able to start earning reward from their staking pools. As the count down has already started people are investing heavily on cardano mainly because of his high profitable staking potential. With the increase in price its ROI will also increase automatically.
It has a high staking annual rewards of 10.25% and there is no minimum staking ADA coin. Currently itis ranked at 10 position in coinmarketcap and with such ranking the project is seems to be more stable and people need to rely on it staking potential.
Zilliqa(ZIL)
Rank#37
Price- 0.02$
AY- 10%
Among those new hot project coming up zilliqa is also among one of them. Introduced in 2017 zelliqa is considered to be the first crypto under the idea of sharding. This was designed to enhanced the scalability network issue. Such as Ethereum has been facing at the very beginning. Under sharding mechanism it will be able to reach consensum more quickly hence increasing the number of transaction. With this zilliqa could take over Ethereum transaction speed over 1000x. Also in the coming month its market volumn is also expected to increased by 100x as its volums in very healthy.
Currently it as rewarding a high 10% staking reward annually . Hence it is the right time to invest and stake zilliqa. Zillqa is available in Binance, OKEx etc.
Cosmo(ATOM)
Rank#25
Price-3.10$
AY- 10%/8.35%
Cosmo is decentralaised ecosystem of independent blockchain . It solved some of the most hardest problem on blockchain like interoperability , usabilty and scalability. Its goal is to create an Internet of Blockchains. ATOM is the staking coin used .
Currently COSMO is offerring the most of 10% staking reward at the atomic wallet and 8.35% in general. ATOM can also be easily stake at Trust wallet as it is owned by binance. It also has a good and healthy ranking of 25 at coinmarketcap.
Icon(ICX)
Rank#45
Price- 0.33$
AY-13%
Is a project simillar to Waves where lot of up and down takes plave but is trending up currently. It is a project where stakers have to stay in the network where they can vote for different proposal. Each ICX toke contain 3 votes. Users can choose vote to do things like choosing a representative or choosing a proposal.
Currenty ranking at 45 spot in coinmarketcap it offers a staking rewards of 13% annually. In order to get high ROI stakers need to participate in the ecosytem using theire vote. With ICX token users can easily stake to ICONex wallet which is available on both android and IOS.
Tezos(XTZ)
Rank#11
Price- 2.97$
AY- 7%
Tezos is another potential staking altcoin which work on liquid proof of stake(LOPS) mechanism. It is a blockchain which support smart contract and DAPPs. In the Tezos network, block generation is referred to as baking while validators are known as bakers. There are many reason why tezos is one of the top staking coin. But one of the reason is not its ROI percentage of staking as it offers 7% return on staking . Its because of their value of the coin.
If the price of the coin pump up during staking then users can earn more then the expected ROI. Which is highly possible in Tezos. Tezos can be easily stake in Atomic wallet with highest annual yield of 7%.
Elrond(ERD)
Rank#153
Price- 0.002$
AY- 27%
Compare to other project Elron is quite underrated and currently is at 153 rank in coinmarketcap. But its highly fast scalability , secure blockchain and recent partnership with samsung and a popular gaming platfrom makes it gain more potential to pump up in future. When its partnered with samsung it will surely going to be a project that is going to be around for a while.
It gives a staking rewards of wooping 27% annually. Staking elron is easy as you only need to install METAMASK and connect with any ERC20 address.
Waves(WAVES)
Rank#59
Price- 1.15$
AY- 6%
It is a blockchain platform that allows users to hold token, create token and exchange token. It uses a mechanism what is called Least proof of stake (LOPS)which is not to be confused with Tezos liquid Proof of stake(LPOS). It is a solid project with many up and down. But currently it is trending up. The best way to take advantage of staking Waves is to own 1000 waves token and stake through a platform of block producing nodes. Currently it offer 6% staking reward annually
