Investing in Cryptocurrencies is one of the simplest money-making methods known as Staking. One must deposit money for a proof-of-stake cryptocurrency, and interest is earned daily. The following cryptocurrencies are best to stake this March.
Polkadot
Polkadot is a leading blockchain that develops web 3.0 projects interoperable with other blockchains using relay chains and parachains. Parachain blockchains have their native tokens.
Polkadot has potential growth, and some of its top parachains like Moonbeam and Acala have had positive growth recently.
According to Staking Rewards, DOT yields about 14.02%, higher than other chains. Hence, it has a staked value of $11.5 billion against a total market cap of $20.36 billion. It has an excellent staking yield.
Cosmos
Cosmos has had significant growth in the past few months, including the various projects created with Cosmos Hub like Terra and Thorchain.
Terra has an over $34 billion market cap; hence, it’s the 7th biggest cryptocurrency globally. It’s also the second-best DeFi platform after Ethereum.
Analysts expect Cosmos Hub to grow as more developers use its networks. For instance, applications like Osmosis and Anchor Protocol have had significant growth.
Therefore, Cosmos has a good stake with its 14.19% high yield and a bright future.
Near Protocol
Near Protocol is a leading decentralized platform that allows developers to create quality applications. Currently, Decentralized Finance (DeFi) and Non-Fungible Token (NFT) developers have embraced it.
New Protocol has recently embraced sharding technology, and these changes promise growth in the future.
Various companies offer new Protocol, are experiencing solid intrinsic growth with a 10.63% strong yield, and have a $4.57 billion staked value against an over $7billion market cap. Hence it’s an excellent coin to stake.