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Author: Admin | 2025-04-28
Cryptocurrency staking is the process of temporarily locking up your coins to strengthen the security of a cryptocurrency network and earn additional coins in return. Staking is incorporated by blockchains that utilize a Proof-of-Stake consensus algorithm, which is the most popular type of consensus algorithm in use today.Crypto staking is generally considered one of the best crypto passive income strategies, allowing users to put their idle crypto assets to use to generate a yield and provide security to underlying blockchain networks. In this article, we’re highlighting the best cryptos to stake in 2024 based on several criteria, such as profitability, ease of participation, as well as the strength of the underlying cryptocurrency.The best crypto to stake in 2024Below, you’ll find our selection of the best crypto to stake right now. We’ve made sure to include a diverse range of blockchains, ranging from well-established projects with long track records to slightly newer contenders in the cryptocurrency market. Native asset Market cap* Staking options APY* Enjin ENJ $336 million Nomination pools Liquid staking CEXes 28.6% Ethereum ETH $406 billion Solo staking Liquid staking protocols CEXes 3.65% Solana SOL $77.6 billion Solo staking Delegation Liquid staking protocols CEXes 7.43% Cardano ADA $20.6 billion Running a stake pool Delegation to a stake pool CEXes 3.03% Cosmos ATOM $4.4 billion Running a validator Delegation CEXes 16.7% Celestia TIA $2.3 billion Running a validator Delegation CEXes 14.3% Algorand ALGO $1.9 billion Participation in the Algorand Governance program 5.11% *Data as of June 12, 2024. Now, let’s take a closer look at each of the best cryptocurrencies to stake individually.1. EnjinEnjin is a blockchain project primarily focused on facilitating the creation and management of non-fungible tokens (NFTs). It is particularly well-known in the gaming industry for enabling the creation of unique digital assets that can be used across different games and platforms. ENJ, the native cryptocurrency of the Enjin ecosystem, initially launched on Ethereum as an ERC 20 token but transitioned to its own Enjin blockchain in 2023.Enjin allows users to participate in governance and security aspects of the ecosystem by staking their ENJ coins. The platform
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