13 Best Proof of Stake Coins to Buy in 2024

Proof-of-stake (PoS) coins are gaining popularity due to their main features – staking and control over the crypto project. Unlike Bitcoin’s proof–of-work (PoW) consensus, PoS does not require any (expensive) mining equipment – you just need to purchase tokens and stake them.

Apart from potential huge returns and APY, staking allows you to participate in the project’s governance. By purchasing and staking coins, you become part of the system and get voting rights concerning the project’s future developments.

This is why many investors opt for the best proof of stake coins. Keep reading to learn more about selecting a PoS coin that best suits your investment portfolio.

Top 13 Best Proof of Stake Coins to Invest in 2024

Below is a list of the 13 best proof of stake cryptos to watch in 2024. 

  1. Dogeverse – Overall best PoS meme coin. Get 70% staking APY.
  2. WienerAI – Trending meme coin with a staking APY of over 600% for early buyers.
  3. Mega Dice Token – Popular casino coin with daily staking rewards.
  4. 99Bitcoins – Learn-to-earn platform offers over 50,000% staking APY.
  5. 5th Scape– Combining VR and crypto for an immersive ecosystem.
  6. Sponge V2 – Meme coin that uses the stake-to-bridge tool to offer up to 407% staking yields.
  7. SmogA solid PoS meme crypto coin offering 42% staking APY.
  8. eTukTukSustainable crypto building EV charging stations with 109% staking APY.
  9. Polygon – Proof-of-stake cryptocurrency built on the Ethereum blockchain.
  10. Cardano – Popular crypto built on the PoS protocol called Ouroboros
  11. Solana – Well-known crypto combining PoS with the Proof-of-History protocol
  12. BNB – Native token of the Binance exchange with $84 billion market cap.
  13. Ethereum – The largest altcoin in the world with a market cap of over $426 billion

Best Proof of Stake Cryptos to Buy Now Reviewed 

In the sections below, we will review 13 of the best proof of stake coins to buy in 2024.

Our review will include each PoS token’s unique benefits, prices, staking APY, and other important features. 

1. Dogeverse – Best PoS Crypto Offers 70% Staking APY, Multi-Chain Bridge Offered

Dogeverse presale

We have picked Dogeverse ($DOGEVERSE) as the best proof-of-stake cryptocurrency in 2024. The $DOGEVERSE token can be staked to generate a high annual yield, and also offers multi-bridge utility to token holders. 

At the time of writing, interested investors can purchase $DOGEVERSE from the ongoing presale. Currently, $DOGEVERSE is priced at $0.00031 per token. While making the purchase, you can select the ‘Buy and Stake for XYZ rewards’ option on the presale website and instantly stake your holdings. 

Staking $DOGEVERSE results in potentially high APY (Annual percentage yield). At press time, the $DOGEVERSE staking APY is 70%. Since the staking platform was released, over 22 billion tokens have been staked on the smart contract. 

This PoS cryptocurrency is also the first meme token to be compatible with six blockchains. Dogeverse uses Wormhole and Portal Bridge technology to offer multi-chain compatibility. It will be compatible with the Ethereum, Base, Avalanche, Binance, Polygon, and Solana blockchains. 

Dogeverse has a total supply of 200 billion tokens, of which 30 billion are being offered for the presale. Another 20 billion will be offered as staking rewards. For more information, go through the Dogeverse whitepaper and join the Telegram channel

Presale Started April 2024
Purchase Methods ETH, USDT, Card
Chain Ethereum, Solana, Avalanche, Base, Polygon, Binance
Hard Cap $17 million
Min Investment None
Max Investment None

2. WienerAI

Another PoS crypto that is quite promising is WienerAI ($WAI). It’s a hot new meme coin that combines two popular ideas: memes and artificial intelligence. $WAI is built on Ethereum’s PoS blockchain and differentiates itself from other meme tokens by offering high staking rewards. 

The platform offers an APY of over 650% at the time of writing. However, this rate will fall once more investors join the staking pool.

Over 1.5 billion $WAI tokens have been staked on WienerAI, showing huge investor support and trust in the project.

WienerAI presale homepage

The ongoing WienerAI presale allows people to buy the tokens at a much lower price of $0.000705 before they hit the exchanges. If you buy early, you can join the “Sausage Army.”

WienerAI’s main goal is to make itself a leader in the meme crypto space by using AI and always evolving its tech to stay ahead of the game.

Out of the 69 billion WienerAI tokens, 30% are being sold in the presale, and 20% will be given out as rewards to the community. This shows WienerAI’s commitment to reward its early supporters.

You can follow WienerAI’s Twitter handle and join its Telegram group to keep up with the latest updates.

Presale Started April 2024
Purchase Methods ETH, USDT, BNB Card
Chain Ethereum
Hard Cap $13.5 million
Min Investment
Max Investment

3. Mega Dice Token

Mega Dice Token ($DICE) is the next crypto on our list of proof-of-stake coins. It’s built on the Solana blockchain and is the native token of the Mega Dice Casino and sportsbook.

You can stake your $DICE tokens to earn high passive income. There are three different ways to stake, depending on the time period: 10 days, 3 months, or 6 months. The annual yield will differ based on the option you choose.

Moreover, you can also get daily bonuses in the Mega Dice Casino when you stake your tokens. Out of the total supply of 420 million $DICE tokens, 10% will be given out for staking.

Mega Dice Token Presale homepage

The platform also offers exclusive perks for $DICE stakers, like early access to new casino games and other exclusive events. 

Mega Dice currently offers 35% of its tokens in the presale at a relatively low price for early buyers. At the time of writing, each $DICE token is selling out for just $0.069. The presale raised over $880K in just a few weeks of launch, showing strong investor trust.

You can learn more about the project by reading the Mega Dice whitepaper and can also enter its Telegram group to get the latest updates.

Presale Started April 2024
Purchase Methods SOL, ETH, BNB
Chain Solana
Hard Cap $10 million
Min Investment
Max Investment

4. 99Bitcoins

99Bitcoins Token is one of the best staking option currently due to the high APY of over 50,000% during the early stages of the token presale. This will drop as more tokens are staked, but those who manage to lock their tokens early will get the biggest benefit.

99 bitcoins

This isn’t a new project. In fact, 99Bitcoins has been around for a decade, helping users learn more about crypto. With the token presale, the team plans to upgrade the platform and provide earning opportunities via gamified learning and quizzes.

The 99Bitcoins Token is available to buy with ETH, USDT, BNB or a card. All you need is a MetaMask wallet to make the purchase. Stake your tokens as soon as you buy them. Later this year, the 99Bitcoins Token will move from Ethereum to the Bitcoin blockchain on the experimental BRC-20 token standard.

Follow 99Bitcoins on X and join the 99Bitcoins Telegram channel for the latest updates, and read the 99Bitcoins whitepaper to learn more about the project roadmap and tokenomics.

Hard Cap $11 million
Total Tokens 99 billion
Tokens available in presale 14.8 billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, BNB, Card

5. 5th Scape

5th Scape (5SCAPE) is a popular PoS crypto combining virtual reality (VR) and blockchain, building an immersive VR ecosystem beyond traditional gaming. The platform’s ambitious roadmap includes launching various VR games, starting with ‘Cage Conquest,’ an MMA-themed adventure for release in Q2 2024.

The 5th Scape token is at the heart of its ecosystem. At press time, buyers can get the 5SCAPE tokens for just $0.00215. Early buyers can get a 400% ROI on these tokens in the ongoing presale phase. With 80% of the 5.21 billion total token supply set aside for the presale, the platform offers a high upside potential to early buyers.

5th Scape homepage

Token holders are eligible for various exclusive benefits like access to VR games, discounts on VR hardware, lifetime game access, and free educational content. This increases the token’s utility and potential demand.

Users can interact with its community on Telegram and X to keep up with the latest developments and presale phases.

Presale Started January 2024
Purchase Methods ETH or USDT
Chain Ethereum
Hard Cap $15 million
Min Investment None
Max Investment None

6. Sponge V2 (SPONGEV2)

Sponge V2 is a major upgrade of the SPONGE meme coin, a meme crypto that captured significant attention in 2023. Rising from a $1 million market cap to an impressive $100 million, SPONGEV2 aims to sustain its predecessor’s legacy and offer innovative features to improve its appeal and utility.

Central to Sponge V2 is the Stake-to-Bridge model. This unique mechanism allows existing Sponge V1 token holders to transition smoothly to the new version by staking their V1 tokens.

SPONGEV2

The total supply of SPONGEV2 is set at 150 billion tokens, with over 51% allocated to staking rewards and the P2E gaming experience. This allocation strategy is designed to incentivize user participation and create community engagement.

The project engages its community through various channels, including Telegram and Twitter.

Hard Cap N/A
Total Tokens 150 billion
Tokens available in presale
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

7. Smog (SMOG)

One of the top PoS cryptocurrencies to buy right now is Smog (SMOG). This new project is built on the Solana blockchain and can be staked to receive high annual yields and airdrop rewards.

A meme coin, Smog wants to compete with the likes of Pepe and Bonk. The SMOG token was listed directly on the Jupiter decentralized exchange in February 2024 and soared by more than 3,200% in over a week.

Smog token page

From a market cap of $2 million, the token’s valuation has soared past the $65 million mark. This proof-of-stake cryptocurrency can be staked on the smart contract to generate up to 42% in APYs.

For more information, read the Smog whitepaper and join the Telegram channel.

Hard Cap N/A
Total Tokens 1.4 Billion
Tokens available in presale Not a presale
Blockchain Solana
Token type SPL
Minimum Purchase N/A
Purchase with SOL, USDT, USDC or any other Solana-based token

8. eTukTuk (TUK)

eTukTuk (TUK) is a sustainable cryptocurrency created to help TukTuk drivers in developing countries. By leveraging PoS features and blockchain technology, the platform will offer electric vehicles for drivers at a cheap rate. eTukTuk will start building electric vehicle charging stations (EVSEs) and zero-emission vehicles in the urban and suburban populations of countries such as Sri Lanka.

eTukTuk staking

These EVSEs will be built with the help of local territory partners. TukTuk drivers can purchase the EVs provided by eTukTuk and are expected to save 400% in revenues. They can make payments using TUK at the charging stations.

At the time of writing, staking APY stands at 109%. So far, the eTukTuk presale has raised more than $2.3 million.

For more information on this cryptocurrency, read eTukTuk’s whitepaper and join the Telegram channel.

9. Polygon

Polygon (MATIC) is a proof-of-stake cryptocurrency used to increase the scalability and flexibility of the Ethereum blockchain. Since Polygon is built on Ethereum, it leverages the security and structural benefits of the popular blockchain. 

MATIC, the native cryptocurrency, is used to settle transactions on the network and govern the Polygon ecosystem. By using the PoS consensus, Polygon validates all blocks on the network. By staking MATIC users help validate the network transactions on the Polygon ecosystem.

Polygon price

The successful validators are rewarded with free MATIC tokens. Polygon is also a faster alternative to Ethereum since it processes blocks in just 2.1 seconds. This cryptocurrency uses zero-knowledge rollups to decrease network congestion and increase transaction speed.

Currently, MATIC is priced at $1 per token. One of the best altcoins, Polygon has a market cap of nearly $10 billion.

10. Cardano

Cardano (ADA) is a unique proof-of-stake cryptocurrency. This cryptocurrency has been built on the Ouroboros consensus algorithm, the first ever to be created via peer-reviewed research

To help validate new blocks, Cardano leverages stake pools. Each stake pool is run by a stake pool operator and allows ADA tokens to be staked. Stake pools enable all users to participate in the staking protocol.

Cardano price

This is because token holders can maintain nodes on the staking pool without holding any technical expertise. A single stake pool will hold the stake of numerous stakeholders with a maintenance focus.

By staking ADA, token holders can earn rewards as new blocks are validated. Furthermore, this crypto token is used to settle transactions on the network. One of the best cryptocurrency tokens, Cardano is also used by developers to build DeFi applications and dApps. 

At the time of writing, ADA is priced at just $0.6354 per token. ADA is still the 8th largest cryptocurrency despite the price, with a market capitalization of over $22.5 billion.

11. Solana

Solana (SOL) combines two protocols, unlike other proof-of-stake coins on our list. While Solana does adhere to the PoS protocol, it also uses a proof-of-history (PoH) consensus. 

The PoH algorithm helps Solana become a more scalable blockchain, which helps increase the number of users in the ecosystem. Boasting one of the shortest processing times, Solana has a block processing time of 400 milliseconds. Furthermore, this unique cryptocurrency can process up to 65,000 transactions per second.

Solana price

Solana supports smart contracts and the creation of decentralized applications. The SOL token can be staked on the ecosystem and is used to settle transaction fees. 

After SOL was released in 2020, the token traded under $1. It enjoyed a sensational price increase, but at the time of writing its price stands at $188, with a total market cap of nearly $84 billion.

12. BNB

Binance Coin (BNB) is the native cryptocurrency of one of the biggest crypto exchanges in the world, Binance. For context, Binance has a trading volume of around $1 trillion every day. 

BNB offers high scalability and quick transaction processing times by operating on a proof-of-stake consensus. Based on the Binance Smart Chain (BSC), BNB is used to settle network transactions and can be staked to earn rewards.

BNB price

Binance has noticed a growing interest in this cryptocurrency due to the rewards it offers token holders. For example, users can save up to 25% on spot trading fees by holding this token. Thus, BNB is one of the best utility tokens to hold. 

While BNB has a maximum supply of 200 million, the cryptocurrency uses an auto-burn feature to reduce the token supply. The token can become more valuable with increased demand as the supply reduces. 

Therefore, cryptos with limited supply are usually in high demand. So far, nearly 20% of the token supply has been burnt. The $BNB token is priced at $560 and has a market cap of over $83 billion.

13. Ethereum 

Until 2022, Ethereum operated on a proof-of-work consensus. However, it shifted to a proof-of-stake algorithm to become a more secure and less energy-intensive network. 

On the Ethereum PoS, validators stake ETH into a smart contract. The validators then ensure that new blocks are validated on the blockchain. To become a validator on Ethereum, one needs to stake at least 32 ETH. As new blocks are executed, the validators earn free tokens on the ecosystem.

Ethereum price

After Bitcoin, Ethereum is the largest cryptocurrency in the world. The popular altcoin is currently priced at $3,533 per token, with a market cap of $424 billion. During its peak, Ethereum reached an ATH of nearly $5,000. In 2022, the token declined from the highs to the $1,000 level.

What Are Proof of Stake Coins?

Generally speaking, PoS is a mechanism used to validate a cryptocurrency transaction. Since many digital assets are decentralized and not controlled by any government or financial institutions, proof-of-stake has developed as a concept to verify the validity of these transactions. 

One of the key stakeholders of this consensus is the validator, users willing to stake their tokens to secure the network and verify the transactions. The tokens are used as collateral and are locked into the ecosystem. In return for staking their tokens, the validators earn rewards

The rewards on the PoS consensus are shared in proportion to your staked amount. Therefore, a validator who stakes more tokens and successfully validates new transactions can earn higher rewards. 

If the validator is negligent in validating the transaction or tries to verify a fraudulent transaction, the system will automatically detect this event. The validators could be punished by slashing, a concept where all the staked tokens are burnt

What’s the Difference Between PoW and PoS?

PoW and PoS protocols have the same goal – to verify new blocks on the network. However, the difference between these two methods lies in how they function. 

While the block creators are referred to as validators on PoS, they are termed miners on the PoW mechanism

Miners verify new transactions by trying to solve a complex mathematical equation. The goal is to find the hash, a cryptographic number used to validate the transactions. Miners are required to purchase processing equipment and large machines to mine new tokens using the PoW mechanism. 

PoS mechanisms, on the other hand, require validators to stake crypto tokens on the network. This is used as collateral while the validators work to validate new blocks. The reward received is proportional to a user’s ownership stake. 

The PoW mechanism has been criticized for using vast amounts of energy used to validate blocks. The PoS mechanism was designed as a more energy-efficient and sustainable alternative to the outdated proof-of-work concept.

Are PoS Cryptos Worth it in 2024?

While our proof of stake cryptocurrency list covered the most popular tokens, it is crucial to determine whether this sector would make for a good investment. Therefore, the sections below analyze whether investing in the PoS space in 2024 makes sense. 

New Investment Opportunities

We are witnessing the rise of new cryptocurrency tokens, which offer proof-of-stake mechanisms. For instance, token presales such as Smog (SMOG) and Sponge V2 (SPONGEV2) have raised millions. The success of these projects can be attributed to their staking mechanisms. 

While most large-cap cryptos have corrected in the past few years, investors may be interested in diversifying their portfolios with new tokens such as the ones mentioned above.

Offers Passive Income Despite Volatility 

One of the main advantages of holding proof-of-stake cryptos is the passive income they offer to investors. While there is no guarantee of making a profit on your investment, locking up the assets can generate regular yearly income. 

Thus, even if your investment corrects throughout the year, you will earn a side income through the staking APY. Thus, proof-of-stake cryptos could be a valuable investment for those seeking safety in this highly volatile market.

How We Ranked the Best Proof of Stake Coins

The sections below discuss how we ranked our top 13 proof-of-stake cryptos list. We discuss several features, such as the staking returns, available use cases, and the blockchain’s processing speed. 

Staking Returns 

One key factor when finding the best proof-of-stake coins is the staking APY and returns. The higher the APY, the more likely investors are to invest in the project. 

Throughout this review, we have found that some new PoS projects offer the highest returns. One of the cryptos with the best payout, SPONGE V2, offers an annual yield as high as 406%.

It is important to note that these APY are subject to change as more tokens are staked on the ecosystem

Block Processing Times

The faster a network can process transactions, the higher the chance of increasing scalability and usability. This review has identified multiple networks, such as Solana and Cardano, which process transactions quickly. 

For instance, the Solana blockchain can process a block in 4 milliseconds. This makes the network more attractive to developers looking to attract a large range of users to their applications. The more users on the network, the higher the likelihood of the trading volume to increase.

Additional Use Cases

Many of the cryptos we have covered offer stellar use cases, which make the asset an attractive investment. For instance, the BNB token makes trading cheaper on the Binance crypto exchange. One can access lower trading fees on various markets and earn higher staking rewards. 

Similarly, tokens like MATIC are used to govern the ecosystem and settle transactions.

What Are the Risks When Buying PoS Coins?

Before purchasing any asset, it is important to be aware of the pros and cons. That said, we will now cover some potential risks of buying the best pos coins. 

Price Volatility 

When investing in PoS cryptocurrencies, many investors may forget to analyze the asset’s technicals or fundamentals and simply focus on the returns. While a high return can be beneficial, it may not cover up for the potential price correction the asset faces.

For instance, you may earn a 10% APY on staking a token, but the token’s use cases and long-term potential should also be taken into consideration. Otherwise, you may end up holding a coin that drops by 50% in no time. 

While no crypto is immune to price corrections, investors should carefully analyze the project’s use cases and features before investing.

Lockup Periods 

Another associated risk with holding PoS coins is the lock-up period. Depending on the cryptocurrency, you may have to stake your coins anywhere from 7 days to a year. If you wish to sell a particular token that is correcting in valuation but have yet to complete the lock-up period, your assets will be stuck. 

Therefore, it is worth looking at projects that offer more flexibility.

How to Buy Proof of Stake Coins Today

We will now show readers how to purchase Dogeverse. Follow the sections below to learn how to purchase DOGE20. 

Step 1: Get a Crypto Wallet 

To purchase DOGEVERSE, you will need a compatible cryptocurrency wallet. Wallets such as MetaMask and Wallet Connect are compatible with this cryptocurrency. 

Get the web extension or download the crypto wallet app to get started.

Step 2: Purchase ETH, BNB, or USDT 

After downloading the wallet, you can purchase crypto tokens using BNB, Ethereum, or Tether. If you do not hold these tokens, purchase them from a suitable crypto exchange, and transfer them to your crypto wallet. 

Step 3: Connect to the Website

Visit the Dogeverse website. The homepage has a widget through which you can purchase tokens using Ethereum or USDT. Click the ‘Connect Wallet’ icon, and connect your wallet to the website.

Step 4: Buy $DOGEVERSE Tokens 

When buying $DOGEVERSE through the website, choose either ‘BNB,’ ‘USDT,’ or ‘ETH.’ Enter the number of tokens you wish to buy, and confirm the transaction.

Conclusion

Even though Bitcoin is going to stay the king of crypto, at least for a while, you should definitely consider investing in the best proof of stake coins, too. Apart from traditional trading, you can use them to earn passive income through staking, which requires minimal technical knowledge.

While established projects such as Solana and Ethereum are popular options among investors, we have noticed that new presale tokens are among the most exciting PoS assets, such as Dogeverse (DOGEVERSE), which offers an annual staking yield of 70%.

References 

FAQ

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Is proof of stake the future of crypto?

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Viraj Randev
Editor
Viraj Randev
Editor

Based in Wembley, England, Viraj graduated from the University of Surrey before pursuing an internship at DBS Bank in New Delhi. Following that experience, Viraj pivoted to a personal passion - creative writing - quickly becoming a top-rated Upwork freelancer and gaining further experience on OwlRatings. Currently Viraj is now part of the Techopedia team lending his knowledge of the financial markets to the site, reviewing trading platforms and offering tips for beginners to investing. In his spare time he also enjoys script writing.