6 Best Crypto Coins to Stake and Earn in 2024

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Crypto staking has become a popular way for investors to earn passive income on their holdings.

With the rise of new staking platforms and innovative protocols offering increased accessibility and attractive returns, there’s more opportunity than ever to participate.

This article will explore some of the best cryptocurrencies to stake in today’s evolving market. We’ll look closer at these cryptos’ features, their potential for growth, and the benefits of staking them.

best cryptos to stake, Cryptocurrencies to stake │ Staking illustration
Staking illustration | Source
  • Multi-chain utility across 6 chains including Ethereum, Solana and Base
  • Staking rewards on Ethereum for presale buyers
  • Advanced bridging technology with Wormhole and Portal integration
Project Launched
April 2024
Purchase Methods
  • USDT
    USDT
  • ETH
    ETH
  • MATIC
    MATIC
  • BNB
    BNB
  • +1 more
  • Established online casino with $50 million in monthly volume and 50,000 players
  • Daily rewards for $DICE stakers based on casino performance
  • $DICE holders eligible for 25% revenue share for referring new users to the platform
Project Launched
April 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • +1 more
  • New token with Learn to Earn (L2E) model with exclusive courses
  • Integration with BRC-20, opening the ability to build on top of the Bitcoin network
  • Stakers enjoy high staking rewards every Ethereum block
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • A meme token with up to 257% in rewards
  • CEX listing and a play to earn game on the roadmap
  • Sponge V1 made 100x in 2023. Join V2 presale
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Gain exclusive airdrop points by buying and holding $SMOG
  • Conquer foes and reap rewards on the Solana blockchain
  • Secure your stake on Solana through a direct $SMOG purchase on Jupiter DEX
Project Launched
February 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • USDT
    USDT

Listing 6 of the Best Crypto Coins to Stake in 2024

  1. Dogecoin20: Best crypto coin to stake with new eco-friendly take on doge meme coins; 237% yield
  2. Pyth network: Bridges the data gap for DeFi by providing secure price feeds directly from leading institutions; 25% APY
  3. THORChain: A decentralized liquidity protocol for swapping cryptocurrencies across various networks; 27.89 APR
  4. Sponge V2: Successor to the 100x $SPONGE meme coin, offers high staking rewards. P2E game in development; 43% APY
  5. Flow: High-speed NFTs and collectibles platform, attracting partners like Warner Music, UFC, and NFL; 8.99% yield
  6. Cosmos: Ambitious protocol creating an interoperable ecosystem of blockchains. 16% return

1. Dogecoin20 ($DOGE20): Best Crypto Coin to Stake With 237% APY

New-to-the-scene memecoin Dogecoin20 is our choice for the best crypto coin to stake. It builds on the popularity of coins like Dogecoin and Shiba Inu while offering a new innovative staking system that provides investors with high yields.

High staking yields for early investors

Central to Dogecoin20 is its staking program, differentiating it from other meme coins like Dogecoin. As the token is built on the Ethereum network it’s able to offer staking yields to network participants.

Dogecoin20 is designed to reward early investors and incentivize long-term participation in the project. Dogecoin20 token holders can stake their assets to generate passive income, all while being part of securing the network and validating transactions.

21 billion tokens are already set aside for staking rewards. Of this, 17.5 billion is to be rewarded in the first year as a way to build a strong staking community. The remainder of these tokens are allocated for the second year. After that, the built-in staking mechanism will work to help the staking ecosystem grow and encourage long-term participation.

Currently, rewards are at 237%, making it the highest-yield coin in our list.

$DOGE20 review

The Dogecoin20 presale has been an impressive round of funding, with over $3.7 million raised in about a week. Presale investors are able to take advantage of high yields, and there are already 11,858,108,325 DOGE20 tokens staked, showing a huge interest in the project.

The token is priced at $0.000202 and this price is soon to rise as the presale concludes and the token is listed on Uniswap.

While not affiliated with the OG meme coin Dogecoin, the token will likely see the “Doge Effect” and benefit from any Doge-related hype. We’ve seen this happen before when tweets by Elon Musk sent the prices of different Shiba Inu-based meme coins skyrocketing. Combined with the current bull market run and general meme coin hype, this makes Dogecoin20 a promising project with huge potential to become a 100x meme coin.

ProjectDogecoin20
Ticker$DOGE20
Presale Funding$3.7 million
Max. Supply140B
Blockchain PlatformEthereum
Launched2024

Pros

  • Eco-friendly alternative to other meme coins
  • Capitalizes on the strong Doge fanbase in the crypto world
  • Earn high levels of passive income during presale

Cons:

  • Limited utility apart from staking
  • As a meme coin, it is susceptible to market volatility

2. Pyth network ($PYTH): Reliable Data Feeds for Smart Contracts

best cryptos to stake, Cryptocurrencies to stake │ Pyth Network
Pyth Network

Pyth Network (PYTH) is a first-party oracle network designed to deliver high-quality market data directly to smart contracts across multiple blockchains.

By connecting DeFi applications with verified price feeds from leading exchanges and professional traders, Pyth aims to unlock the full potential of smart contracts through reliable, real-world data.

Decentralized price feeds, high accuracy

Access to trustworthy, real-time data is crucial for traditional DeFi. However, it can be challenging to obtain such data. Pyth aims to solve this problem by creating a decentralized marketplace for verifiable data feeds.

These feeds are obtained directly from top financial institutions, including Binance and Cboe Global Markets, ensuring data accuracy and eliminating the risk of manipulation often associated with centralized oracles.

Pyth goes beyond simply providing a price. It incorporates innovative features like confidence intervals, allowing users to assess uncertainty surrounding a particular data point. This is particularly valuable in volatile markets, where understanding market sentiment is crucial.

Additionally, Pyth boasts extensive multi-chain compatibility, offering seamless integration for developers building on various blockchains.

best cryptos to stake, Cryptocurrencies to stake │ Pyth resource
Pyth Network | Source

Pyth also has a robust reward system that rewards publishers based on various factors, including the volume of data they contribute (stake weight), the accuracy of their submissions (quality score), and their ability to align their feeds with actual market conditions, incentivizing publishers to provide dependable and timely data.

$PYTH Review

Pyth Network prioritizes data integrity by relying on first-party sources, fostering trust, and minimizing errors. Confidence intervals provide valuable information for DeFi applications, enabling more sophisticated decision-making.

The network’s impressive adoption rate, with over 250 applications leveraging its price feeds, underscores its growing influence within the DeFi ecosystem. Furthermore, the permissionless integration process facilitates broader adoption by developers.

Pyth’s innovative approach and commitment to high quality data-position it as a promising player in the evolving Oracle landscape.

best cryptos to stake, Cryptocurrencies to stake │ PYTH price chart
PYTH price chart | Source
ProjectPyth network
Ticker$PYTH
(24hr) Trading Volume$318,503,307
Max. Supply9,999,989,215
Blockchain PlatformSolana (integrated with over 45 blockchains)
Launched2021

Pros

  • Reliance on first-party sources ensures data accuracy and minimizes manipulation risks
  • Confidence intervals provide valuable insights into market uncertainty
  • Seamless integrations across multiple blockchains entices developers

Cons:

  • Lacks the ability to access real-world data directly
  • Network data hinges on maintaining publisher integrity

3. THORChain ($RUNE): Permissionless Swaps Across Blockchains

THORChain is a revolutionary decentralized liquidity protocol designed to smash through the siloed nature of blockchains.

Unlike traditional exchanges, THORChain allows users to seamlessly swap cryptocurrencies across various networks, including Bitcoin and Ethereum, without relinquishing their assets’ control.

This permissionless exchange eliminates the need for centralized order books, fostering a more open and efficient trading environment.

best cryptos to stake, Cryptocurrencies to stake │ THORchain
THORchain

Swap crypto, any chain

THORChain utilizes a native token called RUNE, which serves a triple purpose within the ecosystem. It acts as a base currency, powers platform governance, and ensures network security.

To mitigate impermanent loss, THORChain implements a unique system using slip-based fees and strategically placing liquidity where it is most needed.

Users can directly swap Bitcoin, Ethereum, stablecoins, and more across nine blockchains to facilitate value exchange between cryptocurrencies without pegged assets.

For high-volume traders, THORChain offers a feature called Streaming Swaps. This breaks down large swaps into smaller transactions executed over time, significantly reducing overall fees.

Finally, THORChain’s “Savers” feature enables single-sided liquidity provision, allowing users to deposit assets and earn returns without worrying about impermanent loss.

$RUNE Review

THORChain operates under a unique economic model. Unlike profit-driven platforms, THORChain directs all generated fees to the network participants, rewarding node operators and liquidity providers for their contributions.

The team itself isn’t allocated any specific share, incentivizing them to work towards the project’s overall success alongside everyone else.

The protocol also takes DeFi lending a step further with its flagship Lending protocol. Users can borrow against their native holdings, receiving a USD-denominated debt in their chosen asset. These loans are groundbreaking – no liquidations, interest accrual, or expiration dates.

best cryptos to stake, Cryptocurrencies to stake │ RUNE price chart
RUNE price chart | Source
ProjectTHORChain
Ticker$RUNE
(24hr) Trading Volume$922,852,881
Max. Supply500M
Blockchain Platform(Launched on) Cosmos
Launched2021, (Mainnet) 2022

Pros

  • Secure and permissionless crypto swaps
  • Native asset settlements for true value exchange
  • Innovative features reduce swap fees and impermanent loss

Cons:

  • Relatively new project with evolving technology
  • Complex underlying mechanics for some users

4. Sponge V2 ($SPONGEV2): Capitalizing on Meme Coin Craze with Staking & Play-to-Earn

Sponge V2 is a new cryptocurrency building on the success of its predecessor, the $SPONGE meme coin.

Launched in May 2023, $SPONGE rode a wave of popularity inspired by the iconic cartoon character SpongeBob SquarePants (though not officially affiliated).

Now, Sponge V2 aims to capitalize on the existing community and attract new investors by offering a unique play-to-earn game and impressive staking rewards.

Stake $SPONGEV2 for high yields, win tokens in-game

Unlike its predecessor, Sponge V2 boasts distinct tokenomics and aims to become the dominant version. Investors can stake their $SPONGEV2 tokens to earn exceptionally high APYs (over 488% at the time of writing), creating a cycle of increased staking and upward price pressure.

A play-to-earn game is also in development, allowing users to win $SPONGEV2 through gameplay. This free-to-play (with earnable rewards for paid users) model has the potential to expand the Sponge V2 community significantly.

$SPONGEV2 Review

Sponge V2 takes advantage of the popularity of the $SPONGE meme coin to expand its reach. The project has already seen over 9 billion tokens being staked, which is a good sign for those interested in staking rewards.

Additionally, Sponge V2 has announced the launch of a play-to-earn game, which could attract new investors. It’s important to keep in mind, however, that as with all meme coins, Sponge V2’s value is heavily influenced by hype and market trends.

best cryptos to stake, Cryptocurrencies to stake │ SPONGE price chart
SPONGE price chart | Source
ProjectSponge V2
Ticker$SPONGEV2
(24hr) Trading Volume$91,540
Max. Supply150B
Blockchain PlatformEthereum
Launched2024

Pros

  • Earn attractive yields by staking $SPONGEV2 tokens
  • Free-to-play game with earnable rewards for users, fostering community growth
  • Leverages existing fanbase of the original $SPONGE meme coin

Cons:

  • Inherently susceptible to market hype and volatility
  • Limited Utility Beyond Staking and Play-to-Earn

5. Flow ($FLOW): Powering the Next Generation of Digital Collectibles

Flow is a blockchain platform focusing on high-speed transactions and has become a key player in the rapidly expanding blockchain-based entertainment and investment industry.

The platform is specialized in NFTs and collectibles, making it an excellent choice for creating secure and scalable NFT applications. Its innovative architecture and developer-friendly approach further enhance its value.

Launched by Dapper Labs, the creators of CryptoKitties, Flow offers developers a secure and scalable environment for building NFT-based applications.

Notable use cases on Flow include NBA Top Shot, a platform for trading collectible highlights, and Dr. Seuss collectibles (Seussibles).

best cryptos to stake, Cryptocurrencies to stake │ FLOW coin resource
FLOW coin resource | Source

Building Scalable and Secure NFT Experiences

Flow utilizes a unique multi-role architecture that separates different tasks across various node types. This allows the network to achieve high transaction speeds without compromising security or decentralization.

Additionally, Flow uses a novel programming language called Cadence, which simplifies development and streamlines the creation of complex NFT applications.

Flow prioritizes user onboarding by integrating fiat on-ramps and user-friendly security features, such as using the Dapper Wallet without managing complex seed phrases.

$FLOW Review

To further enhance user experience and drive mainstream adoption of NFTs, Flow recently launched its U.S. dollar stablecoin, FUSD, allowing for easier fiat on-ramping within the ecosystem.

Flow prioritizes high-profile partnerships, as evidenced by investments from Warner Music. The platform allows fans to interact with their favorite artists and purchase NFTs.

It has also successfully collaborated with leading sports organizations such as the UFC and NFL, which have launched their own NFT collectible experiences on Flow.

Additionally, Flow partnered with Filecoin and the InterPlanetary File System (IPFS) to provide decentralized storage for NFTs minted on the network.

However, Flow’s multi-role architecture departs from traditional blockchain models, raising questions about long-term decentralization.

flow
FLOW price chart | Source
ProjectFlow
Ticker$FLOW
(24hr) Spot Trading Volume$321,662,284
Max. Supply1,493,452,839
Blockchain PlatformFlow blockchain
Launched2020

Pros

  • Architecture enables high transaction throughput without compromising security
  • Cadence and a suite of developer tools entice developers and streamline dApp creation
  • FUSD, fiat on-ramps, and user-friendly security enhance experiences

Cons:

  • Multi-role architecture differs from traditional blockchains, raising questions about long-term decentralization
  • Success hinges on attracting developers and users to its NFT-focused ecosystem

6. Cosmos ($ATOM): Building an Ecosystem of Interoperable Blockchains

Cosmos, known as “The Internet of Blockchains,” is a pioneering solution to bridge communication gaps among different blockchain networks. Launched in 2016 in collaboration with The Interchain Foundation, Cosmos raised over $17 million through a successful Initial Coin Offering (ICO) in 2017, laying the foundation for its ambitious project.

Blockchains almost all operate independently, and sharing information or swapping tokens is a difficult task. Cosmos aims to change that by connecting blockchains using the Cosmos Blockchain.

cosmos
Cosmos Network

A network of interoperable blockchains

At the heart of Cosmos lies its network of interoperable blockchains, termed as Zones. These Zones, each with distinct applications and governance models, can interact autonomously while being connected through Cosmos Hub. Cosmos Hub serves as the primary blockchain, facilitating interconnectivity among Zones and monitoring their states through the Inter-Blockchain Communication Protocol (IBC).

It offers a range of tools to developers, such as Cosmos SDK and CometBFT, and enables interoperability between blockchains. Some of the blockchains that can be connected using the Interchain Stack include BNB Chain, Cronos, Thorchain, and fetch-ai.

The platform has an ambitious aim but is dedicated to achieving it. Since their launch, they have continually rolled out improvements and new developments.

cosmosibc
Cosmos IBC

$ATOM Review

ATOM holders can stake their tokens to validate transactions, earning rewards and contributing to network security. Additionally, ATOM serves as a means for transaction fees and governance voting, fostering community participation and network stability.

While the token has not returned to its all-time high of $44.70, it’s maintained an active community. It performed relatively well during the last bear market. The token had a spike in price at the start of 2024 and is currently trading at $11.08.

ATOM holders can stake their tokens on various platforms with yields of up to 16% currently, although this can vary from platform to platform.

cosmos price chart
Cosmos Price Chart | Source
ProjectCosmos
Ticker$ATOM
(24hr) Spot Trading Volume$337,794,278
Max. Supply390,930,671 ATOM
Blockchain PlatformCosmos
Launched2017

Pros

  • Connecting blockchains across the market
  • Facilitates the easy swapping of tokens
  • Each blockchain is sovereign and independent, strengthening the network

Cons:

  • Tokens need to be staked for a minimum of three weeks
  • The project is complex to understand for average users

Best crypto coins to stake compared

ProjectTokenTotal SupplyChainMin. Lockup periodMax. APR/APY
Dogecoin20$DOGE20140BEthereumN/A237%
Pyth Network$PYTH9.99BSolana6 months20% – 25%
THORChain$RUNE500MCosmosN/A27.89% (Dual APR)
Sponge V2$SPONGEV2150BEthereumN/A43%
Flow$FLOW1.5BFlow7 days8.99%
Cosmos$ATOM390MCosmoc21 days16%

Why stake Cryptocurrencies?

Staking cryptocurrencies has emerged as a compelling way to earn returns, similar to dividend investing in the traditional market.

Validators who contribute to the network’s security by staking their coins earn interest on their holdings. This symbiotic relationship strengthens the overall integrity of the blockchain.

For long-term crypto holders, staking presents a low-risk approach to generating passive income. Unlike active trading, which has inherent volatility, staking provides a steady stream of earnings without constant market monitoring.

best cryptos to stake, Cryptocurrencies to stake │ Passive-income-illustration
Passive-income illustration

Consider Bitcoin (BTC), known for its slow and steady growth. Staking allows investors to accumulate interest while patiently waiting for market upswings. It acts as a financial buffer during periods when the value of cryptocurrencies might not experience immediate spikes.

The beauty of staking is that it doesn’t require advanced technical knowledge. Many exchanges now offer automatic staking for supported currencies, making it accessible even for those new to crypto.

Balancing risk and potential

While staking offers attractive returns, it’s essential to understand the inherent risks. Staking rewards, often called Annual Percentage Yields (APYs), can vary significantly.

Stablecoins typically offer around 5%, while some low-cap cryptos can boast APYs as high as 1000%. Finding promising low-cap cryptos with reasonable APYs of 30% to 70% is also possible. However, the higher the reward, the greater the risk.

High APYs can be a red flag for potential rug pulls (scams where developers abandon a project after taking investor funds) or unsustainable tokenomics (economic structures) that might lead to price crashes.

[ Read what happened with $WIF]

Additionally, if the underlying project gains significant traction, the APY will likely decrease as more users participate in staking.

By understanding the mechanics, potential rewards, and associated risks, you can leverage staking as a strategic approach to navigating the ever-evolving crypto landscape.

Consider the case of a trader who bought into Dogwifhat (WIF) on November 30, 2023. The trader purchased 5.1 million WIF tokens for only $1,749. Thanks to the possibility of staking rewards and an increase in overall market value, the value of these tokens has now skyrocketed to an astonishing $10.9 million.

While such astronomical returns may not be commonplace, they highlight the potential for substantial passive income from crypto, mainly through staking.

Is Staking Crypto Coins Risk-Free?

Tempting as it may seem, crypto staking isn’t a risk-free ride. Here’s a breakdown of the key challenges:

  • Locked-in holdings: Staking often restricts access to your crypto for a fixed period. This means you can’t sell it on a whim, potentially missing out on potential profits if the market surges.
  • Market volatility: Even if staking rewards are attractive, the value of your staked crypto can still fluctuate. If the market dips, you could have less than initially invested, even with staking rewards.
  • Platform and slashing risks: Not all staking platforms are created equal. Research their reputation and security measures. Additionally, some blockchains penalize validators for misconduct, potentially leading to a loss of staked assets.

By understanding these potential drawbacks, you can make informed decisions about incorporating staking into your crypto strategy.

References

FAQs

Which crypto has the best staking rewards?

There’s no single “best” reward crypto. It depends on your goals. High-yield options like Frog Wif Hat ($FWIF) offer impressive returns but often come with greater risk. Established coins like Cardano (ADA) provide steadier rewards with lower risk. We recommend checking out eToro for excellent trading choices.

Which crypto gives the highest return?

Just because a coin offers a high return doesn’t necessarily mean it’s the best option for you. It’s important to consider both the coin’s interest rate and its price history.

While a lesser-known coin might offer a flashy APY, its price could suddenly crash, reducing your overall gains. On the other hand, staking well-established cryptos might offer lower yields, but their value tends to be more stable, potentially leading to better overall returns.

Is crypto staking still profitable?

Yes, crypto staking can be a profitable way to earn passive income on your holdings. Interest rates vary depending on the chosen crypto, but staking can grow your crypto assets without actively trading. However, the crypto market is inherently volatile, and risks are always involved.

Can you lose money when staking?

Yes, staking crypto carries risks. While you earn interest, the value of your cryptocurrency can fall. This can happen due to overall market downturns or a specific drop in the coin you staked. Some staking penalties exist for validator misconduct, reducing your staked amount.

Do you need a wallet for staking?

Yes, in most cases, you will need a cryptocurrency wallet to store your staked coins. While some exchanges offer the option to stake directly on their platform, keeping your coins in a wallet provides greater control and security. Platforms like Coinbase, or OKX come with built-in wallets.

What is a lockup period in staking?

A lockup period is a time commitment when staking crypto. You agree to hold your coins for a set period to earn rewards. This helps ensure network stability. Lockup periods vary by project, so understand them before staking.

Where does the interest come from?

Staking rewards come from transaction fees on the blockchain network. When you stake, your coins are essentially used to validate transactions. A portion of the fees paid for those transactions is distributed as rewards to stakers.