3 of the Best Cryptos to Stake for Passive Income in 2022
As a result of the upcoming Merge, Ethereum (CRYPTO: ETH) will become a full proof-of-stake blockchain. This has important consequences for investors, because it will soon become much easier to earn passive income on your Ether holdings via staking rewards. Depending on which crypto staking platform you use, the amount that you can earn will vary, but as a general rule of thumb you can expect to earn anywhere from 3% to 5% right now.
But Ether, which is the native token of the Ethereum blockchain, is hardly the only crypto that you can stake. On the top crypto staking platforms, you sometimes have the option of 40 or more different cryptos. That's a lot to choose from, and many investors make the mistake of simply chasing the highest-yielding cryptos. Given the recent volatility in the crypto market, though, the best coins for staking in 2022 are Ethereum, Cardano (CRYPTO: ADA), and Solana (CRYPTO: SOL). These cryptos are available for staking on every major staking platform, offer competitive yields, and provide the best protection against downside risk in a volatile crypto market.
Until recently, it was impossible to stake Ether directly because Ethereum was a proof-of-work blockchain. But now that it is converting into a proof-of-stake blockchain, Ethereum is also emerging as a top option for crypto staking.
Source Fool.com
