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With 2022 coming to an end, 2023 brings with it a reset of the crypto sphere, with the chance to earn steady gains as the entire market rebounds. One of the top ways to do that is by staking coins. This list will cover the best crypto staking coins heading into 2023, giving you a head start on ways to earn without doing anything at all.
Staking is a way to earn passive rewards without the need to sell any assets. In a normal investment, like with a stock, you'd buy, wait for a period of time, and then sell, hopefully for a profit. With staking, you can be assured of gains and keep 100% of your investment asset. This is unique to the world of cryptocurrency and is one of its big draws.
Staking crypto is also a way to make cryptocurrency better for the environment, as opposed to the energy-hungry needs of crypto mining. In mining, also called proof-of-work, computers must solve increasingly difficult algorithms, which require an increasing amount of computing power. This uses way more electrical power than a normal household would, raising concerns over its environmental impact.
With crypto staking, crypto coins are minted, not mined, meaning they are created when a certain number of users stake their crypto. This requires no extra energy usage, and also offers stakers passive rewards, giving them a share of the freshly minted coins. Some of the best staking coins can earn a high APR, meaning staking those coins grants you even higher rewards.
GameFi is the future of online gaming, giving players the chance to earn rewards from playing games, amongst other things. As GameFi takes hold of the metaverse, some of the best crypto staking coins can be found in the GameFi sphere.
These include:
Metacade is a community-run metaverse arcade that offers its users a number of ways to earn, from playing P2E games, posting top gaming alpha, writing reviews, and more. It also allows users the opportunity to affect the future of metaverse gaming by voting on which game developers receive grants to create their games. This combination of earning potential and the ability to shape the future of gaming makes Metacade one of the best crypto staking coins.
Not only can Metacade users earn their MCADE tokens in a variety of ways, but they can also stake those tokens to earn passively as well. And Metacade pays their staking rewards in stablecoins so that the value of the MCADE token won't change no matter how many people gain staking rewards, allowing the staking process to remain stable. With its presale just underway, Metacade also offers the chance to get in on the ground floor of what is sure to be one of the best crypto staking coins in the metaverse. With a combination of so much potential and utility, Metacade takes the number one spot for best staking crypto for 2023.
>> You can participate in the Metacade presale here <<<
Breaking its way onto the scene in only 2020, Polkadot is attempting to connect different blockchains together, increasing the level of interoperability across cryptocurrencies. Its existence offers novel support to transactions in a concrete way, and as with any utility-focused project that focuses on assisting mainstream operations, it is definitely worth locking into portfolios.
With DOT being used to validate transactions, it is offering a staggering 13.99% currently as a delegator, which is an amazing return on a relatively new project. This is available at an entry barrier of only around 80 DOT or so – a USD value of about $500 – as well as a lockup minimum of only 28 days, making it a fantastic proposition. Combined with the yield factor, it certainly deserves the number 2 spot on this list.
Moonbirds is an interesting addition to the list of best crypto staking coins in that it has over 10,000 unique NFTs for users to receive. Each NFT has a pixelated owl avatar and comes with its own randomized characteristics and traits, with no two being the same. This ensures that each user will enjoy their own unique experience with their Moonbird NFT.
Staking a Moonbird, termed "nesting" in the Moonbird sphere (how cute!), grants its holder particular rewards, like access to a private club. This access allows users entry into gated Discord servers where they can chat with other users, and get first access to new drops, use cases, community projects, and marketplaces where Moonbirds can be traded. These perks make Moonbirds one of the more intriguing of the best crypto staking coins available.
Axie Infinity is a Pokemon-inspired creature collection game where players can explore and complete quests in order to collect creatures affectionately known as Axies. Players can then discover, trade, or purchase upgrades for their Axies and battle them against other players. With an expansive digital universe and many Axies to find and collect, users can be assured of hours of gameplay.
Axie Infinity also allows users to stake their AXS in order to receive rewards, ranging from more tokens to custom skins, and everything in between. While the value of the AXS token has taken a hit from the crash, the ability to stake still offers a way to benefit without breaking the bank.
Quint is one of the more unique of the best crypto staking coins available, as users can win real-world prizes in their super-staking pools. Like other NFT spaces, users can buy, sell, and trade on their NFT marketplace, as well as stake their QUINT coins for currency rewards. But it's their super-staking pools where things get interesting.
Winners of the super-staking pools can get hotel stays, discounts at luxury restaurants, high-end watches, cars and even homes. Quint also offers a boutique marketplace so users can have their NFTs minted, printed, framed and delivered. This gives users a physical representation of their Quint NFTs which are one of a kind amongst the best crypto staking coins out there today.
If you aren't into Moonbirds, maybe a collection of fox NFTs is more your style. With this best crypto staking coin, you can choose from three unique collections featuring nearly 20,000 NFTs to choose from. The Genesis and Pixel collection offers either digitally generated or pixel-generated fox NFTs that you can buy, sell, trade, and stake on the Fox platform.
The metaverse collection is its main draw though, featuring NFTs that allow access to a user's private metaverse space where they can show off their NFTs and stake them for rewards. The amount of staked coins and type of collection offer different rewards, prompting users to explore all the collections. There's also a Friends and Foes collection featuring NFTs created by famous artists which are regularly auctioned off for FOXY coins, so this is a chance to grab a piece of fame while you're earning from your FOXY staking.
Illuvium is a metaverse game where users explore a virtual world to discover digital creatures called Illuvials. There are over 100 Illuvials in total, and each of them has specific class ratings, characteristics, strengths, and weaknesses, making each player's journey through the Illuvium universe a unique one. Users can also trade their Illuvials, as well as in-game assets such as custom skins and other collectibles, on the Illuvium marketplace.
Like Axie Infinity, the idea of the game is to collect as many Illuvials as you can, building up your NFT collection. Unfortunately, also like Axie Infinity, the crash has dropped the value of their ILV token. But their beautiful and vibrant landscapes and the scope of the Illuvium universe still make it one of the best staking cryptos in the metaverse.
Last on the list of best staking crypto coins is a one-of-a-kind P2E that takes on a new approach to crypto staking. Silks is an NFT-based horse racing play-to-earn game with a twist: your Silks NFT horse is correlated with an actual racehorse. When that racehorse wins in real life, you earn from its victory. Players can buy, sell, trade, and stake the digital representation of their horses but the mirroring of real-life races is the big draw.
Players can also breed and race the digital versions, as well as buy and sell digital land on which they can build Horse Farms. Community Horse Farms let you stake your NFT horse where you'll earn rewards without needing to engage in the other activities Silks offers. This makes Silks one of the most intriguing of the best staking crypto coins with plenty of opportunity for future growth.
While every one of these is among the best staking crypto coins available, Metacade stands out as number 1. The reason for this is that Metacade offers loads of different ways to earn, whether that's through P2E games, writing reviews, or staking your tokens. This should draw gamers of all skill sets, along with investors interested in Metacade's growth.
And on top of this, Metacade offers the chance to tangibly shape the future of gaming by voting on which game developers receive grants and being able to communicate directly with developers about what you like or don't. And the best part is that Metacade has just begun its presale, meaning that now is the best time to get into the best staking crypto coin before it skyrockets in both value and price, making it a deal that's hard to pass up.
You can participate in the Metacade presale here.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
