Top 5 Staking Tokens To Consider in Investment Portfolio in 2022

COVID-19 has caused many fatalities globally and poses a new and unprecedented hazard to public health, food systems, and the workplace. Cryptocurrencies gained importance when the economy worsened and uncertainty increased. Long-term crypto holders viewed staking as a way to earn rewards instead of merely keeping their coins in their wallets. Staking is an intriguing method to contribute to the security and efficiency of blockchain initiatives while simultaneously earning passive revenue. Consequently, the blockchain is more secure and can handle more transactions. Let’s check out five staking tokens worth investing in this year. Terra (LUNA) According to industry statistics, Terra (LUNA) 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. The platform’s users are staking significant amounts of money into the system. LUNA is presently trading at $90, a 12,000% rise from its January 2021 price of $0.7. LUNA has an annual staking payout of roughly 12.10 percent. PancakeSwap (CAKE) PancakeSwap is a popular staking tool that allows users to stake CAKE currencies. When investors stake CAKE coins, they may earn more CAKE or other currencies. Transaction costs on Binance Smart Chain are much cheaper than on Ethereum. They may either claim or reinvest their PancakeSwap rewards. The CAKE coin has an annual ...