Which Proof-of-Stake based cryptocurrencies are making the best gains through staking in late 2020?
There is a dedicated website called CoinToStake.com which offers a true “staking monitor” that allows tracking the performance of 63 PoS-based cryptocurrencies.
The list can be sorted both by market capitalization, to see which cryptocurrencies have the greatest value overall, and by annual ROI.
The interesting thing is that among the cryptocurrencies with the highest annual ROI, there are none that have a high market capitalization.
In fact, there are only eight cryptocurrencies that have a market capitalization of more than $1 billion, and none of them are in the top eight for ROI.
The eight with a market capitalization of over $1 billion are:
Of these, only one, EOS, has a volume of more than $2 billion, and only three others have a volume of more than one, namely Chainlink, Cardano and Tron.
Actually, LINK, TRX, NEO and EOS would be included among the eight PoS cryptocurrencies with the lowest annual ROI.
Crypto staking, best ROI in 2020 is Synthetix
Accordingly, the highest ROI cryptocurrencies have lower market capitalization and trading volumes, although the absolute highest ROI cryptocurrency has an average market cap and volumes.
This is Synthetix Network Token (SNX), which has an annual ROI of 49.01%.
It has a market capitalization of nearly $850 million, which places it 11th overall in this special ranking, and trading volumes of over $450 million, which places it 7th overall in this other ranking.
SNX is therefore overall the best performing PoS cryptocurrency in terms of ROI, with both a very good market capitalization and strong trading volumes.
In second place in terms of annual ROI is DIVI, with 48.20%. However, this is a cryptocurrency with a low market capitalization of just over $50 million and very low trading volumes of less than $400,000.
In third place is MATIC, with 38.12% annual ROI, another cryptocurrency with a low capitalization, but at least with more than $10 million in trading volume.
The only other cryptocurrency with an annual ROI of more than 30% is THORchain (RUNE) with 32.50%, a capitalization of more than $150 million, and a trading volume of about $14 million.
Only six other cryptocurrencies have an annual ROI above 20%:
- SHIFT, 25.40%,
- Elrond (ERD), 25.01%,
- Phore (PHR), 24.93%,
- Fusion (FSN), 23.0%,
- Tokenpay (TPAY), 22.80%,
- Livepeer (LPT), 21.10%.
With the exception of Elrond, these are all cryptocurrencies with capitalization well below $100 million, and trading volumes well below $10 million.