The emergence of staking tokens has not gone unnoticed in the crypto space. Their unique utility and profitability margins give them an edge in the crypto market. Older tokens like Polkadot (DOT) and Binance Coin BNB have made several traders millionaires, and the arrival of newer ones like ETFSwap (ETFS) presents a unique opportunity for early investors.
For those who are interested in investing in the crypto market through staking tokens, the question is which one has a higher mass appeal and more potential for profit? A cursory look through the history and market trends of the three tokens can help investors make a calculated decision.
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Binance Coin (BNB) – Spearheading The Bullish Run For Older Staking Tokens
Binance Coin, or as it is commonly known, BNB, is the proprietary token of the Binance network and one of the most popular crypto tokens in the world. Binance Coin (BNB) owners have been enjoying great value for their money this year as the coin continues to see a steady rise in value despite restrictions from governments and competition from other crypto assets.
Binance Coin (BNB) has enjoyed a steady 2% increase in value over the course of a month and there’s every indication that the increase will only continue in the coming months. Analysts even suggest that the Binance Coin (BNB) price may stabilize at $600 before the year runs to an end.
The only drawback of trading Binance Coin (BNB) is that early adopters and investors who want to jump on a profitable asset may not be able to do so. This is because its value has surged and its price is too high to jump on for most people.
Currently, most investors are looking for coins with high potential but still affordable to adopt such as ETFSwap (EFTS).
ETFSwap (ETFS): Revolutionizing The Crypto Market In 2024
ETFS is the native token of ETFSwap, a platform for trading and swapping exchange-traded funds (ETFs) right here in the crypto market. It’s a trade-to-earn token that gives its holders access to many benefits on the ETFSwaP (ETFS) platform, making it one of the best staking tokens to buy in 2024.
The perks include reduced trading fees on the ETFSwap (ETFS) trading platform, earning close to 90% APR yield on staked tokens, and enjoying a passive income of up to 36% in the staking pool linked to the platform’s liquidity. The platform also enables users to trade both crypto and real-life assets on-chain securely and manage funds optimally.
ETFSwap (ETFS) is a trailblazer and a game changer for crypto investors as it tokenizes traditional ETFs for easy trading on the blockchain. One of its notable features is the opportunity to leverage up to 10x, which means traders can hope to make huge profits. Also, unlike most trading platforms, it doesn’t require a KYC which means no interference from banks and middlemen. This means that traders have complete autonomy over their assets.
Currently, the token is available on presale at $0.00854 with more than 60 million tokens already sold, and the value can only surge higher from all indications.
Experts believe that the kind of tokenization the ETFSwap (ETFS) offers is the future of cryptocurrency; therefore, getting in early is the secret to seizing that future.
Polkadot (DOT): A Stable Staking Token
The Polkadot token (DOT) was launched in 2020 and has, over the years, given owners access to an open-source shared multichain protocol which helps link several collaborating blockchains together. These kinds of networks promote seamless transactions across the board and bring a Web 3.0 reality to the fore.
In recent times, Polkadot (DOT) has suffered a 6% dip in value, but if its performance is evaluated over a lengthy time, say a year, analysts have said that the token maintains stability in the market.
For more information about the ETFS Presale:
The post Which Staking Token Has The Bigger Appeal: Binance Coin (BNB), ETFSwap (ETFS), Or Polkadot (DOT)? appeared first on Blockonomi.