Top proof-of-stake (PoS) tokens you can buy to leverage crypto staking
- Ethereum is making a transition towards the proof-of-stake (PoS) consensus mechanism with "The Merge."
- However, there are PoS tokens that already exist and have seen a high level of success in the crypto space.
- Cardano (ADA), Polkadot (DOT), and Solana (SOL) are some of the best PoS tokens to get.
On July 22, 2022, Cardano posted a weekly development report update, where it outlined the key highlights as well as the statistics to date.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
On July 26, 2022, Polkadot also posted an update surrounding their ecosystem, discussing how they built, deployed, and grew the ecosystem, and provided new announcements and news from the parachain teams, infrastructure providers, and wallets.
Solana also announced that over 12,000 participants began building on the Summer Camp Hackathon, which has a prize and seed funding pool of $5 million.
Should you buy Cardano (ADA)?
On July 26, 2022, Cardano (ADA) had a value of $0.4705.
The all-time high of Cardano (ADA) cryptocurrency was on September 2, 2021, when it reached a value of $3.09.
When we take a look at its performance throughout the previous month, Cardano (ADA) had its highest point of value on June 8 at $0.6646.
Its lowest point was on June 18 at $0.4318. Here we can see a decrease in value by $0.2328 or by 35%. However, since then, ADA has grown to $0.4705, which is an increase of $0.0387 or 9%.
With this in mind, ADA can reach $0.8 by the end of August 2022.
Should you buy Polkadot (DOT)?
On July 26, 2022, Polkadot (DOT) had a value of $6.71.
Going over its all-time high, Polkadot (DOT) reached its ATH on November 4, 2021, at a value of $54.98.
Looking at how the token performed in June, Polkadot (DOT) had its highest point of value on June 1 at $10.52. Its lowest was on June 13 at $6.4841. Here we can see a decrease in value of $4.0359 or by 38%.
However, from June 13 to July 26, DOT has increased by $0.2259 or by 3%. With this in mind, DOT can reach $8 by the end of August 2022.
Should you buy Solana (SOL)?
On July 26, 2022, Solana (SOL) had a value of $36.0725.
Looking at its all-time high, Solana (SOL) reached its ATH on November 6, 2021, at a value of $259.96.
Taking a look at how Solana (SOL) performed in June, we can see that SOL had its highest point of value on June 1 at $46.05. Its lowest point was on June 14 at $26.41.
Here we can see a decrease in value of $19.64 or by 42%.
However, from June 14 to July 26, SOL has increased by $9.6625 or by 36%.
With this in mind, SOL can reach $42 by the end of August 2022.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- Capital.com, simple, easy to use and regulated. Register here >
*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.