- These tokens are Proof-of-Stake (PoS) tokens that allow you to stake them on the network they are based on.
- This can potentially give you another passive revenue stream.
- DOT, MATIC, SOL, and ADA are all tokens that are leaders in terms of market capitalization.
Staking cryptocurrency tokens is seen by many investors as a means of putting the tokens to work for gaining additional yield.
As such, Polkadot (DOT), Polygon (MATIC), Solana (SOL), and Cardano staking (ADA) are all solid options, and we are about to show you why.
Should you invest in Polkadot (DOT)?
On January 14, Polkadot (DOT) had a value of $26.62.
To get a better perspective as to exactly what this value point means for the DOT token, we will go over the performance of the token last month and its all-time high value.
The all-time high value of the DOT token was on November 4, 2021, when the token reached a value of $54.98. The token here was $28.36 higher in value.
When we go over the performance of the token in December, we can see that on December 1, the token had its highest point of value at $38.68.
Its lowest point of value was on December 20, at $23.54. This is a decrease of 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) had a value of $2.25.
To see what this value point means for the MATIC token, we will go over the all-time high value of MATIC alongside its performance throughout December.
The all-time high value of the Polygon (MATIC) token was on December 27, 2021, when the token reached a value of $2.92. The token was $0.67 higher in value.
On December 14, MATIC had its lowest point at $1.76. On December 27, MATIC had its highest point at $2.89. This marked an increase of $1.13 or by 64%.
MATIC can reach $3 by the end of January, making it a solid investment.
Should you invest in Solana (SOL)?
On January 14, Solana (SOL) had a value of $146.16.
To see what this point of value represents for the SOL token, we will go over the token’s all-time high value alongside its performance last month.
When it comes to the all-time high value of the SOL token, it occurred on November 6, 2021, when the token reached $259.96, which made it $113.8 higher in value.
Solana had its highest point on December 2 when it reached $242.28.
Its lowest point was on December 14, at $151.62, which marked a $90.66 decrease.
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) had a value of $1.26.
To see what kind of value point this is for the Cardano (ADA) token, we will be comparing it to its all-time high value alongside its performance throughout the previous month.
In terms of the all-time high value of the ADA token, it was on September 2 when it reached $3.09 in value, which made it $1.83 higher in value.
ADA’s highest point in December was on December 2 at $1.75, while ADA’s lowest point was on December 17, when it decreased to $1.2. This indicated a $0.55 decrease.
At $1.26, ADA is a worthwhile investment as it can reach $1.4 by the end of January.