Sun. Aug 7th, 2022

  • These tokens are Proof-of-Stake (PoS) tokens, allowing you to stake them on the network they are built on.

  • This can potentially give you another passive income stream.

  • DOT, MATIC, SOL, and ADA are all tokens that are leaders in terms of market cap.

Cryptocurrency token staking is seen by many investors as a way to use the tokens to generate additional income.

Polkadot (DOT), Polygon (MATIC), Solana (SOL), and Cardano (ADA) are solid options for this, and we'll show you why.

Should you invest in Polkadot (DOT)?

On Jan. 14, Polkadot (DOT) was valued at $26.62.

To get a better idea of what exactly this means for the DOT token, we will compare its current value to its all-time high as well as its December performance.

The all-time high of the DOT token was on November 4th, 2021 when the token reached a value of $54.98. The token was $28.36 higher at the time than it is today.

If we go through the performance of the token in December, we can see that on December 1st, the token had its highest value at $38.68.

The lowest was $23.54 on Dec. 20. This is down from $15.14 or 39%.

DOT has the potential to reach $30 by the end of January, making it a solid investment.

Should you invest in Polygon (MATIC)?

On January 14, Polygon (MATIC) was valued at $2.25.

To get a better idea of what exactly this means for the MATIC token, we will compare its current value to its all-time high as well as its December performance.

The all-time high of the Polygon (MATIC) token was on December 27, 2021 when the token hit $2.92. The token was worth $0.67 more at the time than it is today.

On Dec. 14, MATIC recorded its bottom at $1.76. On Dec. 27, MATIC hit its high of $2.89, up $1.13, or 64%.

MATIC can reach $3 by the end of January, making it a solid investment.

Should you invest in Solana (SOL)?

On Jan 14, Solana (SOL) was valued at $146.16.

To get a better idea of what exactly this means for the SOL token, we will compare its current value to its all-time high as well as its December performance.

When it comes to the all-time high of the SOL token, it happened on November 6, 2021 when the token hit $259.96. At that time, the price was $113.8 higher than today.

Solana had its highest level in December on December 2 when it hit $242.28.

The low was $151.62 on Dec. 14, down from $90.66.

At $146.16, SOL is a solid investment as it has the potential to reach $160 by the end of January.

Should you invest in Cardano (ADA)?

On January 14, Cardano (ADA) was trading at $1.26.

To get a better idea of what exactly this means for the ADA token, we will compare its current value to its all-time high as well as its December performance.

Regarding the all-time high of the ADA token, it hit $3.09 on September 2nd. Its ATH price was $1.83 higher than today.

ADA's December high was $1.75 on Dec. 2, while ADA's bottom occurred on Dec. 17, when it fell to $1.2. This points to a drop from $0.55.

At $1.26, ADA is a worthwhile investment as it can reach $1.4 by the end of January.

The post Invest in Staking Tokens Through These Four Leading Tokens appeared first on BitcoinMag.de .

By Dov Herman

Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on TrustedBrokerz and across the web.