14 Nov 2022 · 15 min read

9 Best Proof of Stake Crypto to Invest in 2022

proof of stake crypto

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Proof of Stake (PoS) is a blockchain-based consensus that allows cryptocurrencies to verify transactions. A more sustainable and energy-efficient alternative to the Proof of Work (PoW) consensus, Proof of stake blockchains have become increasingly popular in the last few years. 

This guide reviews the best proof of stake coins to invest in this year. 

Top 9 Proof of Stake Coins 2022

The sections below provide the top 8 proof stake cryptocurrency list for investors to watch right now. 

  1. RobotEra - Best Proof of Stake Crypto with Engaging P2E Metaverse
  2. Tamadoge - Popular Proof of Stake Meme Coin with NFT Collectables
  3. Battle Infinity - PoS Crypto with Staking Platform for Rewards
  4. Lucky Block - Best NFT-Related PoS Cryptocurrency to Buy
  5. Cardano - Decentralized PoS Cryptocurrency with Low-Cost Transactions
  6. BNB - Native Crypto of Global Trading Platform
  7. Solana - Cryptocurrency Supporting 65,000 Transactions Per Second
  8. Avalanche - PoS Cryptocurrency with Three Sub-Blockchains
  9. Algorand - Cryptocurrency with a Unique Take on the Proof of Stake Protocol

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Closer Look at the Top Proof of Stake Cryptocurrency to Buy 

Here is an in-depth analysis of the top 9 PoS cryptocurrencies to look at this year. Keep reading to learn about the features, tokenomics and price rises for the trending Proof of Stake coins in 2022.

1. RobotEra - Best Proof of Stake Crypto with Engaging P2E Metaverse Launched November 2022

While projects like The Sandbox have resonated with investors, RobotEra (TARO), is building an even more engaging metaverse world using the proof-of-stake consensus mechanism. The project provides users with the tools needed to create P2E experiences within the world. The project's native token, TARO has been making headlines after launching recently as a presale. 

RobotEra homepage

Keeping the RobotEra ecosystem running smoothly is the TARO token. With it utilizing the ERC-20 standard, TARO takes full advantage of the proof-of-stake consensus mechanism to facilitate efficient transaction validation. The token is used for governance, with holders able to vote on decisions impacting RobotEra. Furthermore, TARO can be staked for rewards. 

Investors looking to buy TARO can get their hands on the 1.8 billion token supply asset via the RobotEra presale. Spanning three stages, the price of TARO will progressively increase throughout each. Initially, the token will cost just $0.020, before rising to $0.025 and culminating at $0.032. Each stage will consist of 90 million tokens. 

Presale StageQuantity of TokensPrice of TAROStage Hardcap
1st90M$0.020$1.8M
2nd90M$0.025$2.25M
3rd90M$0.032$2.88M

The RobotEra metaverse is split into seven different NFT-based continents, boasting unique attributes and designs. Players can attain this land after acquiring a RobotEra digital avatar. On the plots of land, it's possible to build play-to-earn games and stunning structures using the project's zero code creator tools. 

If you want to learn more about what makes RobotEra great, YouTube sensation Jacob Crypto Bury has just released a video detailing the ins and outs of the project. 

While exploring a continent, players might happen across some resources that can be mined. After gathering enough of these resources, it's possible to craft a unique robot companion that can be sold for crypto on the dedicated NFT marketplace. With most assets in RobotEra being NFTs, there's plenty to collect. 

RobotEra land

All in all, it's easy to see why so many investors have titled RobotEra as the best proof of stake crypto currently on the market. With the project attracting attention from investors all around the globe, it's likely only a matter of time before the proof of stake TARO token explodes. Check out the RobotEra presale now before the next price increase. 

To keep updated with any important developments, join the RobotEra Telegram group today. The RobotEra whitepaper is another excellent resource for learning about this intriguing project. 

Presale StartedNovember 2022
Purchase Methods USDT / ETH
ChainEthereum
Min Investment1,000 TARO
Max InvestmentN/A

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2. Tamadoge - Proof of Stake Meme Coin with NFT Collectables

Tamadoge (TAMA) is a new cryptocurrency token that leverages the decentralized GameFi (Gaming Finance) space by offering its platform members a play-to-earn (P2E) ecosystem. TAMA is the native cryptocurrency in the Tamaverse - a metaverse-style ecosystem that attracts players by hosting tradable NFT competitions. 

On the Tamaverse, players can utilize TAMA to invest in tokenized pet NFTs known as Tamadoge pets. Using smart contracts, these 3D avatars have been minted as NFTs (non-fungible tokens). On Tamadoge, players can purchase NFTs and other virtual items to help breed their 3D pets. 

Eventually, the P2E element of the Tamaverse will host community-wide competitions, where the top performers will earn dogepoints on a monthly leaderboard to win TAMA rewards. 

Tamadoge underwent one of the best crypto presales of 2022, raising $19 million in less than eight weeks.

Tamadoge has become one of the fastest growing cryptocurrency assets and is now listed on the decentralized and centralized exchanges of OKX.

TAMA runs on the Ethereum network, and Ethereum’s new upgrade has switched the network from a PoW to a PoS consensus, making TAMA one of the best Proof of Stake coins to invest in. 

With a total supply of 2 billion, investors can access 50% of the tokens during the ongoing presale. After the round ends, TAMA will list 20% of its token supply on various centralized (CEX) and decentralized exchanges (DEXs).

Follow the Tamadoge Telegram Channel to stay updated with the latest news surrounding Tamadoge. Telegram admins will never DM you first.

Buy TAMA on OKX

Buy TAMA on OKX DEX

3. Battle Infinity - PoS Crypto with Staking Platform 

Combining P2E features with decentralized finance (DeFi) protocols, Battle Infinity (IBAT) provides a unique decentralized cryptocurrency platform. Leveraging IBAT, the native token, along with NFTs and staking protocols, Battle Infinity hosts 6 unique P2E features.

Catering to the growing popularity of GameFi among crypto projects, Battle Infinity will incorporate P2E opportunities through the IBAT Premier League - a decentralized sports fantasy league where players can earn IBAT rewards. To trade IBAT, platform members must access the IBAT Battle Swap - Battle Infinity’s decentralized exchange. 

Notably, IBAT follows Binance’s BEP standard to facilitate low-cost transactions on the platform. IBAT also uses the Proof of Stake concept to validate transactions on the different P2E mechanisms. Investors can validate transactions by staking IBAT on the IBAT Battle Stake - a crypto staking platform which also provides potentially high APYs (Annual Percentage Yields) to traders. 

Striving to become one of the best metaverse crypto coins, Battle Infinity has developed the Battle Arena - a virtual ecosystem where players can use VR headsets to participate in concerts, events and other virtual ecosystems. On the Battle Arena, all characters and items have been minted as NFTs via ERC 721 smart contracts. These NFTs can be updated on Battle Infinity’s NFT marketplace - the IBAT Battle Market. 

IBAT concluded its token presale in August after selling out in 24 days and raising 16,500 BNB tokens. Launching on PancakeSwap in August, IBAT has grown from an initial presale price of $0.0015 to a price on exchange today of over $0.003. 

Invest in Battle Infinity

4. Lucky Block - NFT-Based PoS Cryptocurrency to Buy

Lucky Block (LBLOCK) is an NFT competition platform enabling players to participate in fair and transparent draws via its decentralized network. Participants stand a chance to win huge rewards such as luxury cars, $1 million Bitcoin giveaways and $1 million houses. 

Lucky Block hosts NFT draws for which interested participants must purchase local NFTs minted on the platform. For example, LBLOCK hosts exclusive Platinum Competition draws for holders of the platinum Rollers Club NFT collections. 

Originally launched as a BEP-20 protocol, LBLOCK has introduced an ERC-20 (V2) token which abides by the Ethereum standard. While the BEP-20 consensus collected a sales tax on transactions, the V2 token charges no additional tax to investors. 

Once Ethereum undergoes its much-awaited switch to the PoS consensus, LBLOCK will become one of the top Proof of Stake cryptocurrency assets to trade. The ERC-20 token has been listed on popular CEXs - MEXC exchange and Gate.io. LBLOCK V2 is trading at $0.0007 per token. 

5. Cardano - Decentralized PoS Cryptocurrency with Low-Cost Transactions

Cardano (ADA) is an open-sourced platform built on the proof-of-stake consensus to provide a decentralized and peer-driven blockchain. 

Cardano used the PoS protocol Ouroboros, allowing the network to support staking pools where ADA holders can delegate their stake. Staking pools ensure the maintenance of the staked assets and validate the transactions on Cardano. Since PoS protocols support cheaper transactions, Cardano’s average transaction cost is roughly 0.16 ADA ($0.064) making it one of the most energy-efficient cryptocurrencies on the market.

After launching in 2017, Cardano implemented the Alonzo hard fork in 2021, which allowed the blockchain to support smart contracts and deploy various NFTs and DApps (decentralized applications). 

Cardano deployed over 100 smart contracts within 24 hours of the Alonzo upgrade, resulting in an ADA price rally in September 2021. Cardano uses less energy than the best proof-of-work coins, similar to other PoS chains which is why some people consider Cardano to be one of the most sustainable cryptos on the market. 

Currently trading at $0.47, Cardano’s ADA has corrected from its all-time highs (ATHs) of $3.10 set in 2021. However, the growing use cases and the low-cost efficiency makes it one of the cryptos with the most potential for growth. 

Buy Cardano on eToro

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6. BNB - Native Crypto of Global Trading Platform

BNB (Binance Coin) is the governance token of Binance - the largest cryptocurrency exchange in terms of the trading volume. Operating on the Binance Smart Chain (BSC), BNB follows the BEP standard to integrate smart contracts. 

BNB follows the Proof of Stake Authority consensus, allowing a validator to stake a specified amount of BNB to validate transactions on the network. The token is the 5th largest cryptocurrency asset, with a market cap of $45 billion. 

As the main token of the Binance exchange, BNB provides various benefits to Binance customers. Investors can get a 25% discount on spot trading crypto transactions on the platform, which generally costs 0.1% per transaction. Investors holding BNB can also save 10% on futures trading

The popular token is also used as a swapping mechanism for investors looking to purchase other BEP-based cryptocurrencies. For example, investors looking to buy Battle Infinity, one of the best new cryptocurrency assets, must purchase tokens with BNB. 

After reaching an ATH of $690 in 2021, BNB is available to buy at only $280. 

Buy BNB via eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

7. Solana - Cryptocurrency Supporting 65,000 Transactions Per Second 

Solana (SOL) is a fast and secure decentralized blockchain that uses an innovative protocol to validate its blocks. Solana uses the innovative Proof of History (PoH) protocol, allowing the network to process transactions as they come in. 

The protocols architecture allows Solana to achieve high throughput - processing 65,000 transactions per second (TPS). On the other hand, the Ethereum blockchain processes an average of 17 TPS. The high scalability makes Solana an ideal network for decentralized applications (DApps), as developers can achieve high levels of scalability with Solana. 

While PoH is the protocol Solana uses to improve speed, SOL still operates as a Proof of Stake consensus mechanism and supports staking protocols. SOL has proven to be one of the best altcoins to invest in, as the token has increased from $0.78 in 2020 to $33 in September 2022. 

Despite the enormous growth, SOL is 87% below its ATH and may be a potential long-term investment opportunity. 

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8. Avalanche - PoS Cryptocurrency with 3 Sub-Blockchains

A layer-1 network, Avalanche (AVAX), is another smart contract-compatible platform that acts as a hub for decentralized applications and custom blockchain networks. A popular Proof of Stake crypto, Avalanche can support 6,500 TPS. 

The high transaction speeds are made possible due to Avalanche's unique blockchain architecture. The cryptocurrency consists of three different blockchains, each partaking a different role in validating the transaction process. The Exchange Chain (X-Chain) is responsible for sending and receiving funds on Avalanche. 

The Contract Chain (C-Chain) handles the transactions generated by DApps or smart contracts, while the Platform Chain (P-Chain) takes care of the staking/validator transactions on the Avalanche network. AVAX, the native token, is currently trading at $19 with a market cap of $5.6 billion. 

Visit Avalanche with eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

9. Algorand - Cryptocurrency with a Unique Take on the Proof of Stake Protocol

Algorand (ALGO) is a self-sustaining blockchain-based network that uses the Pure Proof of Stake (PPoS) consensus, slightly different from the PoS algorithm. 

With the PPoS network - platform users are chosen randomly to validate blocks and vote on proposals. The likelihood of a user being selected is linked to the amount of ALGO they stake. 

Therefore, Algorand’s unique consensus strives to increase security, ensuring that minority shareholders do not have the power to harm the whole system. 

In 2022, Algorand also developed the London Bridge - a trustless bridge that makes the network compatible with the Ethereum blockchain. In the long term, Algorand looks to solidify its DeFi ecosystem. Currently, ALGO is trading at $0.3 per token. 

Buy ALGO on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

Proof of Stake Explained

Proof of Stake (PoS) is a network consensus used to validate transactions on different blockchains. Since cryptocurrencies aim to be decentralized networks, transactions are validated in a distributed databases, known as blockchains. Each block comprises a new transaction which has been validated on the network. 

To verify transactions using the Proof of Stake consensus, coin owners can act as the validators of transactions. Coin owners stake their own token holdings to get assigned the responsibility of validating transactions on the network. 

These coin owners or ‘validators’ are selected at random, with each crypto network offering different rules to become a validator. For example, Ethereum requires its coin owners to stake at least 32 ETH ($51,000 at the time of writing) before standing a chance to become a network validator. Therefore some investors have asked 'is Ethereum a good investment in 2022?'

Proof of Work vs Proof of Stake 

When Bitcoin was launched in 2008, the cryptocurrency space adhered to a Proof of Work (PoW) consensus. With Proof of Work, the consensus provides an objective way for Bitcoin holders to navigate and manage transactions on the platform. 

Proof of Work enables the concept of hashes, which comprise a long string of numbers, each assigned to a particular block. When a given data set is put through a hash function, it will only generate one hash. The hash will become totally unrecognisable if the data is tampered with or changed. 

Each block is identified by its own unique hash, and one block connects directly to another on the blockchain. Therefore, it is impossible to tamper with a different set of hashes since one validates the other. Generating even one hash requires tremendous amounts of computational power. Therefore, the validators of Proof of Work networks are known as ‘Miners’. 

For example, the production cost to mine one Bitcoin is expected to be around $13,000. The high cost of production combined with the limited token supply of Bitcoin is one of the big reasons for its high price. 

However, the Proof of Work network has been blamed for requiring an unsustainable amount of energy to facilitate the process. Therefore, Proof of Stake originated as a quicker and cost-effective alternative to validate transactions. 

Should You Invest in Proof of Stake Tokens?

Before investing in PoS cryptocurrencies, investors should analyze why this particular asset class may be a good investment. The sections below discuss some of the main advantages of Proof of Stake cryptocurrencies. 

Energy Efficient

Bitcoin miners are required to solve a complex mathematical equation to receive a Bitcoin. This process requires large among of energy, which has led many miners to switch to green energy resources. Since 2015, the energy requirements to mine one Bitcoin has rapidly increased. 

Growth of the Consensus

With the PoS consensus, many blockchains are managing to increase scalability while quickly establishing new blocks on the blockchain. In fact, Ethereum has developed close competition from upcoming altcoins such as Cardano, Solana, and Algorand, all of which have applied this consensus. 

The popularity of the Proof of Stake consensus is now at its peak, as Ethereum will be undergoing a network upgrade which will see it switch from the Proof of Work to Proof of Stake consensus. In the long term, it is more likely for PoS tokens to be more sustainable.

How to Buy RobotEra

After analyzing the top PoS cryptocurrencies, investors can decide on their preferred assets. The sections below highlight a step-by-step process on how to buy RobotEra - one of the most popular cryptos to invest in right now. 

  • Step 1: Create Crypto Wallet - First, it's important to create a secure crypto wallet to store any tokens. MetaMask is commonly considered one of the top desktop options, while Trust Wallet has garnered international attention as a result of its phenomenal mobile experience. 
  • Step 2: Buy USDT or ETH - To purchase TARO tokens during the RobotEra presale, an investor needs to attain either USDT or ETH. Both are available from most regulated brokers. Regardless of the chosen payment method, ETH will be required to pay gas fees. 
  • Step 3: Purchase TARO - Lastly, go to the RobotEra presale website, connect a crypto wallet, then use the 'Buy TARO' button to initiate a purchase, and confirm the transaction. There is a minimum investment of 1000 TARO tokens. After the presale has run its course, the tokens will become available. 

Conclusion

After reviewing the best Proof of Stake cryptocurrencies, we recommend RobotEra as the best cryptocurrency to invest in because it gives users access to a fun metaverse ecosystem which also supports P2E games and NFTs.

With RobotEra on track to dominate the rapidly emerging metaverse sector, we could see some big things from its native token, TARO, over the coming months. As such, it could be worth checking out the RobotEra presale today while TARO is still available at a discount. 

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FAQs

What are some of the popular proof of Stake coins?

Some of the popular proof of stake tokens include RobotEra (TARO), Lucky Block (LBLOCK), Cardano (ADA), Solana (SOL) and Binance Coin (BNB). 

Is Shiba Inu a proof of stake crypto?

Currently, Shiba Inu runs on the Ethereum chain, which uses the Proof of Work consensus. However, the Ethereum upgrade will convert the network from PoW to PoS. 

Is XRP token a PoS cryptocurrency? 

Unlike most blockchain networks, Ripple (XRP) does not use a PoS or a PoW consensus. The network relies on a consensus system that is controlled by various bank-owned servers.