By
Steve Muchoki
April 16th, 2024
This is an excellent year for the cryptocurrency domain. We started strong with a huge rise in value for Bitcoin, then we got into the NFT fever. By the end of this spring, we already had a lot of crypto projects to choose from.
Now that you finally joined the crypto area, you may find yourself in a difficult situation – what crypto should you choose for staking? There are a lot of options on the market right now, so it’s not an easy decision.
To help you make the right choice, we gathered here three of the most promising cryptocurrencies of 2021 that are worth staking.
The STC Token
STC is the core cryptocurrency of Student Coin, a project that amazed a lot of people. This was the idea of the young entrepreneur Wojciech Podobas, known for his Cryptocurrency Encyclopedia.
He intended to build a platform that would help millions of students and business enthusiasts to get the funds needed to achieve their dreams – without resorting to banks.
After he got the best members for his team, the platform finally came to life. By the end of the year, crypto users will have the possibility to create their own STC-based tokens and sell them through crowdfunding proposals.
The idea is backed by over 500 universities around the world – including Harvard. So imagine the excitement when the STC Token was launched. In just 12 hours from the launch, 1.2 billion tokens got staked, valued at $40 million.
This is what we call a great start!
The XTZ Coin
XTZ is the core coin of Tezos, launched by Arthur Breitman. The platform was built to support DApps, but it soon got a lot of features that differentiated it from Ethereum, such as:
- Liquid PoS Consensus;
- Provable smart contracts;
- Self-amending updates.
On top of that, Tezos doesn’t require a minimum amount of tokens for staking, making it really affordable. The ICO campaign raised no less than $232 million, proving how much users appreciate flexibility in choosing a staking option.
The ADA Coin
The ADA Coin backs up the Cardano blockchain, one of the first open-source and peer-reviewed networks. Charles Hoskinson developed it to resolve the issues with scaling Bitcoin.
Cardano uses two layers to improve scalability – one to settle transactions and one for smart contracts and DApps. This option results in a lot quicker transactions, which contributes to fans’ excitement.
What drove people’s attention to ADA Coin was that its value increased by 720% at the beginning of 2021, so there’s a lot more coming for it.
As you may know, the more people join a staking pool, the greater are the rewards. And these cryptos right here have all they need to ensure a high income for their users.
Did you choose your favorite? Which one is it and why? Tell us in the comments!