Staking is one of the easiest ways to make money in the cryptocurrency industry. It involves depositing your funds into an exchange and acquiring proof-of-stake cryptocurrency. After that, you earn interest every day. Here are some of the best cryptocurrencies to stake in March.
Polkadot
Polkadot is a leading blockchain project focused on creating Web 3.0 projects that are interoperable with other blockchains. To achieve this, it uses the concept of relay chains and parachains. Parachains are blockchain projects that have their own native tokens.
Polkadot is a good cryptocurrency to stake due to the positive future of the platform as the industry grows. Recently we have seen positive developments on some of his top parachains like Moonbeam and Acala.
In addition, DOT has an excellent staking yield. According to Staking Rewards, it yields about 14.02%, which is significantly higher than other chains. This explains why it has a stake value of $11.5 billion with a total market cap of $20.36 billion.
Cosmos
Cosmos is another proof-of-stake project that has shown significant growth over the past few months. For one, many projects built with the Cosmos Hub, like Terra and Thorchain, have seen significant growth.
Today, Terra has a market cap of over $34 billion, making it the seventh largest cryptocurrency in the world. It has also become the second largest DeFi platform in the world after Ethereum.
And analysts expect the Cosmos Hub to continue to grow in the coming months as more developers embrace it and its networks. For example, we've seen strong growth in applications like Osmosis and Anchor Protocol.
Cosmos is a good coin to stake due to its high yield of 14.19% and the fact that it has a bright future.
Near Protocol
Near Protocol is another good cryptocurrency for staking. It is a leading decentralized platform that empowers people to build high quality applications across all industries. Today it is being adopted by Decentralized Finance (DeFi) and Non-Fungible Token (NFT) developers.
Near Protocol is also going through changes as it embraces sharding technology. As a result, there is a likelihood that the network will continue to grow in the coming months.
The Near Protocol is a good coin for staking as it is offered by different companies. It's also experiencing strong self-growth, boasting a strong yield of 10.63%. Its stake value is $4.57 billion with a market cap of over $7 billion.
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