10 Best Crypto Staking Coins to Invest in 2023

Staking coins are popular with investors that seek both price appreciation and passive income. When deposited into a liquidity pool, staking coins generate interest while ownership is retained by the investor.

This guide ranks the 10 best coins to stake in 2023 to maximize long-term gains.

Top Cryptos to Stake in 2023 – Our Analysis 

There are two key metrics to consider when searching for the best staking coins for 2023. First, the amount of staking rewards available, in terms of APYs (annual percentage yield). Second, the upside potential of the coin, in terms of its market value.

Read on to discover which staking coins offer the best long-term gains in 2023.

1. AiDoge – Overall Best Vote-to-Earn Staking Coin to Buy Now in 2023

The emergence of cryptocurrency has given rise to a new culture, with memes being a crucial medium for communication and engagement in the crypto community. AiDoge is the world’s first AI-integrated meme platform, addressing the challenge of generating up-to-date and relevant memes with its advanced AI technology.

AiDoge uses its native $AI token as the primary utility token, which can be used to purchase credits for generating memes. The staking mechanism lets users lock tokens in a staking contract, earning daily credit rewards proportional to their staked amount and gaining access to premium features. The platform also features a public wall for sharing and voting on memes, incentivizing creators with $AI token rewards.

The platform’s AI-powered meme generator and text-based prompts make meme creation accessible to all. AiDoge’s AI algorithms are trained on extensive meme datasets and crypto news, ensuring the creation of contextually relevant memes. Additionally, AiDoge employs multiple layers of protection to secure staked tokens, minimizing risk.

The platform’s voting mechanism allows users to upvote or downvote memes, determining their rank on the public wall, resulting in increased visibility. The monthly selection of top memes with the highest scores for $AI token rewards incentivizes content creation, contributing to the AiDoge community’s growth and success.

AiDoge offers several unique selling points, including its advanced AI technology, easy and accessible meme-generation process, staking rewards and premium features, increased exposure and rewards for top meme-artists, and robust security measures.

In conclusion, AiDoge is a unique and innovative platform that combines AI technology, cryptocurrency, and memes, catering to the crypto community’s need for engaging and up-to-date content. With its advanced AI algorithms, staking mechanism, and public wall for sharing and voting on memes, AiDoge offers a vibrant and inclusive community for content creators and meme enthusiasts alike. The platform’s focus on security and incentivization ensures the sustainability and continuous development of the platform, making it a promising addition to the crypto and meme culture.

For more details interested buyers can refer to the AiDoge whitepaper and the Telegram group.

2. Ecoterra – Exciting Staking Coin Helping to Fight Climate Crisis

Ecoterra is an exciting new crypto project and another leading staking coin that is set to help in the fight against climate change.

The project is rapidly gaining in popularity and has already raised $2 million in only three weeks at the time of writing – with the presale already in stage 4 of 9.

Ecoterra is a leading eco-friendly crypto because it has developed a new Web3 concept, Recycle2Earn. Users are able to earn rewards for recycling their household waste at Reverse Vending Machines (RVMs) that are available in supermarkets around the world.

To earn ECOTERRA tokens, users simply scan the barcode into the mobile app and deposit the item, a plastic bottle or cardboard box for example.

Each item has a value and users then receive their tokens. Built on fast and energy-efficient Ethereum, ECOTERRA can be staked for additional passive income.

However, users can also help fight global warming on the app by instead spending their tokens to fund other green projects, such as tree planting or ocean clean-ups, or by purchasing Carbon Credits, which remove CO2 from the atmosphere.

Ecoterra users can also earn additional rewards – such as NFTs – when they hit certain recycling objectives and milestones.

As mentioned above, the presale is racing through its allocation and has five stages to go – with the IEO listing price set at $0.01, those who invest now can still see upside of 60%, as well as take advantage of a 5% USDT affiliate program.

Ecoterra has been developed by a doxxed and KYC-verified team, with 1 billion tokens (50% of max supply) available during the presale with no vesting period.

Those interested should join the Ecoterra Telegram group or read through the whitepaper.

3. RobotEra – Metaverse Building Ecosystem With Passive Rewards

RobotEra is also one of the best staking coins to buy right now. This metaverse-building ecosystem will support a wide range of play-to-earn games, where users can earn TARO. Moreover, RobotEra will even enable users to buy their own virtual plots of land within its metaverse. There are various plots available across multiple virtual continents – all at affordable prices.

RobotEra will also offer a building tool that enables users to construct their own buildings. The tool comes with complete flexibility, so users can build their dream real estate projects. TARO tokens will also be earned if the plot owner decides to rent their virtual land to other metaverse users, making it one of the best metavese coins.

This is similar to real-world rental payments but in the metaverse. Furthermore, RobotEra also has a staking tool. This enables users to deposit their TARO tokens to earn interest. APYs are yet to be announced, as RobotEra is still in its early stages of development. In fact, the project has just launched its presale campaign.

Early investors buying TARO via the presale will pay just $0.20 per token. This is the lowest price on offer, so an immediate upside is available in stages two and three of the presale. Not only that, but TARO could go on to generate attractive gains after the presale, as the tokens will be listed on an exchange.

More than $1.1 million has been raised in the presale so far.

4. Tether – Earn Staking Rewards Without Market Volatility 

One of the best things about staking coins is that they offer the opportunity to earn capital gains and passive income. But for some investors, the volatile nature of crypto prices might be a drawback. In this regard, Tether is one of the best crypto staking coins to consider. After all, Tether is pegged to the US dollar.

In theory, this means that the price of Tether will always amount to $1. However, there are no guarantees that this will always be the case. Terra USD is a good example of this, considering the ‘stablecoin’ is now defunct.

Nonetheless, USDT has become one of the most popular tokens in the whole crypto market and actually has the third-largest market capitalization – almost $82 billion, as per CoinMarketCap – trailing only Bitcoin and Ethereum.

Tether has enjoyed a stunning start to the year so far, with that market cap almost at its all-time high, having risen by 22.8% (approx $15 billion) in 2023 alone due to the ongoing banking crisis and the struggles of other stablecoins following the brief de-peg of Circle’s USDC and regulatory pressure around Binance causing BUSD to fall. USDT now owns more than 60% of the stablecoin market.

Crypto assets are a highly volatile unregulated investment product.

5. Ethereum – Large-Cap Smart Contract Framework With Proof-of-Stake Rewards

Ethereum was launched in 2015 and is the second-largest cryptocurrency by market capitalization. The project specializes in decentralized transactions and smart contracts, with thousands of crypto tokens and decentralized applications (dApps) built on the Ethereum standard, which continues to drive demand for its native ETH token.

With that said, it was only in late 2022 that Ethereum completed its transition to proof-of-stake. This has since yielded faster and more scalable transactions. Moreover, ETH can now be staked to enjoy passive rewards. This is a popular option with investors that believe in the future of Ethereum but wish to generate income during the crypto winter.

In April 2023, Ethereum also completed the Shanghai-Shapella upgrade which means that staked ETH now has the ability to be withdrawn – while many expected billions of dollars worth to be withdrawn, tanking the price, the opposite has in fact happened, with ETH one of the best future cryptocurrencies.

One of the best places to stake ETH is eToro. There is no lock-up period required and there is no requirement to opt in. Moreover, eToro offers a competitive APY of up to 4.3% when staking ETH – another benefit of staking ETH is that the token is trading at a fraction of its former all-time high. Current prices offer a discount of over 60% when compared to its prior peak of almost $5,000.

81% of retail investor accounts lose money when trading CFDs with this provider.

6. Cardano – Efficient Staking Coin With 80% Discount From Prior All-Time Highs

Although Cardano doesn’t have the same ‘brand recognition’ as Ethereum, its native blockchain is a lot more efficient. Not only in terms of energy consumption but speed, fees, and scalability. Moreover, Cardano also supports smart contract agreements in its own programming language, Plutus.

Some of the niche markets that Cardano supports include anti-counterfeiting measures, educational credential verification, and agricultural tracking. Cardano is also backed by its own staking coin, ADA. This is one of the largest cryptocurrencies by market capitalization at over $11 billion. As such, ADA is considered the best staking cryptocurrency by many.

With that said, ADA is trading at a fraction of its 52-week high of $1.24. At just $0.24 as of writing, this offers a discount of over 80% and makes ADA one of the best cryptos under $1.

Moreover, ADA can be staked at many popular exchanges, including eToro. After buying ADA and holding for at least nine days, eToro will automatically start paying staking rewards.

81% of retail investor accounts lose money when trading CFDs with this provider.

7. TRON – Permissionless and Decentralized Blockchain for Content Creators 

Launched in 2018, TRON is a popular blockchain project that aims to decentralize the content creation process. Rather than going through third parties, TRON enables content creators to market and sell their works in a permissionless manner. This means that content creators can set their own rates and be paid accordingly.

All transactions on the TRON network are conducted in TRX tokens, which have long been a top altcoin. This is also a proof-of-stake network, so TRX can be staked for passive rewards. TRX also offers an attractive upside. For example, TRX was trading at over $0.15 during the previous bull market. As of writing, TRX is trading at a discount of 60%.

In terms of staking TRX tokens, eToro is a great option. eToro automatically pays staking rewards after holding TRX for seven days. Once again, this is on a flexible staking agreement, so the TRX tokens can be withdrawn or sold at any time.

81% of retail investor accounts lose money when trading CFDs with this provider.

8. BNB – Invest in the Future of the Binance Ecosystem 

BNB was launched in 2017 by Binance, the world’s largest crypto exchange. Its original use case was to offer reduced fees for traders.

For instance, those paying their exchange commissions in BNB get a 25% discount. But BNB was since evolved to become the native currency of the Binance Smart Chain (BSC).

Thousands of crypto startups have since built their framework on BSC, where transactions are settled in BNB. Moreover, liquidity pools on BSC are paired with BNB, so this creates even more demand for the token. Not only does BNB have huge upside potential in the coming years, but it can also be staked. Binance is currently offering an APY of up to 3%.

81% of retail investor accounts lose money when trading CFDs with this provider.

9. Peercoin – The Original Proof-of-Stake Blockchain

Peercoin is the original pioneer of the proof-of-stake concept. In fact, Peercoin launched its proof-of-stake blockchain way back in 2012, so it is also one of the oldest crypto projects in this space. With that said, Peercoin never truly reached its full potential, considering that other staking projects like Cardano and TRON have since reached multi-billion dollar valuations.

In comparison, Peercoin has a market capitalization of just $13 million. Moreover, the value of its staking coin, PPC, is trading at a fraction of its former all-time high. For example, PPC surpassed $8 in 2018. Right now, PPC is trading at just $0.46. Nonetheless, high-risk investors might consider that this offers a 95% discount.

10. SwissBorg – Democratising Wealth Management Through Web3 Technologies  

Launched in 2018, SwissBorg has brought conventional wealth management services to the web3 era. It specializes in thematic crypto bundles, enabling investors to gain exposure to a wide range of blockchain markets. Moreover, its thematic bundles are actively managed by SwissBorg, promoting a passive experience for investors.

SwissBorg is particularly appealing to novice crypto investors on a budget. Not only is the minimum investment just €5, but withdrawals can be made at any time.  SwissBorg also has its own staking coin, CHSB. When it launched in 2018, CHSB was trading at just $0.10, before hitting heights of $1.42. However, CHSB has since dropped to 52-week lows of $0.52.

What is Staking in Crypto?

Staking is a crypto initiative that allows token holders to earn passive income on their investments. There are several variations of staking, but the end goal is the same – it is a passive way to build wealth.

• For example, the traditional version of staking required investors to deposit their tokens into the blockchain.
• This keeps the network safe and efficient while rewarding users for locking their tokens away.
• However, most people now stake via a third-party platform, such as an exchange.
• This is because there are generally higher APYs on offer.

Moreover, it is also possible to stake tokens directly with the respective project.

How Does Staking Work?

The first step when staking is to purchase a proof-of-stake coin. Next, choose a suitable platform to stake.

This might be via the native blockchain of the project or through a third party like eToro. Alternatively, if opting for a project like AiDoge or Ecoterra, staking can be done directly within the respective ecosystem.

Either way, here’s an example of how staking rewards work:

• An investor buys 5 ETH tokens
• The investor deposits the ETH into one of the best crypto staking platforms
• The platform offers an APY of 7%
• The investor stakes the ETH for 12 months
• After 12 months have passed, the investor withdraws their ETH
• In addition to the original 5 ETH deposit, the investor receives an additional 7%
• This amounts to passive rewards of 0.35 ETH

As per the above, the investor made 0.35 ETH passively, simply for leaving the tokens in a staking pool. Best of all, if ETH increased in value during the 12-month period, the investor will make further gains.

The UK government, for example, have set out rules and regulations of crypto staking and taxation that some investors should consider.

Is Staking Worth it?

The key takeaway with crypto staking is that it enables investors to earn passive income in addition to capital gains. This isn’t the case when leaving crypto tokens in a private wallet. In fact, this presents an opportunity cost for the investor.

For instance, in the example we gave above, the investor generated interest of 7% on their 5 ETH holdings. But if the ETH was kept in a private wallet, they wouldn’t have earned any interest at all.

As such, crypto staking is a no-brainer.

The only exception to this rule is if the staking protocol requires a minimum lock-up term. In this scenario, the investor will need to assess whether they are likely to need the tokens in the short term.

If they do, and the tokens are locked, the investor won’t be able to access the funds. As such, although rates are usually lower, flexible staking terms are the way to go.

How to Select Top Staking Coins?

Read on to discover how to maximize growth by selecting the best coins for staking.

APYs  

The best staking coins offer access to high APYs. This refers to the amount of interest that will be paid on the staking coins.

In most cases, the best staking tokens for high APYs are newly launched projects, like AiDoge and Ecoterra – in comparison, large-cap coins like Bitcoin and Ethereum offer limited returns.

Lock-Up Periods  

Be sure to check what platforms support staking for the chosen coin. Moreover, assess what lock-up terms are required, if at all.

As noted above, it’s best to stake coins that can be withdrawn at any given time.

Upside Potential   

Staking enables investors to earn passive income. But over the longer term, much higher gains can be achieved when the token increases in value.

In this regard, the best coins for staking are those that offer a sizable upside potential. 

Liquidity    

The best staking coins attract sufficient levels of liquidity. This will ensure that when cashing out, investors can secure a reasonable price.

If there is a lack of liquidity, then investors will need to sell their staking coins at a much lower price when compared to the market average. This is known as slippage and it is a direct cost that should be avoided where possible.

Conclusion

Staking coins are proving popular with investors that seek passive income. When choosing a quality project like AiDoge, investors can also target significant growth through appreciation.

AiDoge is available to buy right now at a discounted price via its presale, with $6 million raised in just a few weeks.

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