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Author Topic: What is best PoS coin to invest into right now?  (Read 71343 times)
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October 20, 2019, 05:04:14 PM
 #1021

Presuming ETH does go full Proof of stake I think that might be one of the best choices for holding long term on the basis that many will want to be involved with mining and transactions available via a wallet if the makers allow this to be possible.
  The other alternative I like and has been a pioneer since 2014 is Blackcoin BLK which is very easy to use and has a variety of apps made for it.   See the video on Blackhalo on youtube for a talk through of features available.

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October 22, 2019, 05:07:57 PM
 #1022

Yeah I'm really looking forward to seeing what the Reddcoin hardfork will do for staking. Reddcoin has a massive community and a lot of support so that is why I really like this coin moving forward and also its been around for years now.

I have recently been looking more into TRON and the staking feature that is on Binance, TRON also seems to be very popular with a lot of people so its well worth looking into.

There are so many PoS coins now days so we have a lot of options to choose which is best for us all.

Reddcoin's latest hard fork will be exciting for sure. Right after the announcement, I've noticed that prices have increased a little. It shows that people are still interested in the cryptocurrency despite being old. Considering its proven track record of development and innovation, it's one of the PoS coins you wouldn't want to miss in your long term investment.

As for TRON, I didn't knew that it was possible to "stake" it on Binance. It could turn out to become a nice source of passive income without the need to attend your wallet at all times. Still though, it's somewhat risky since you're leaving your coins in a centralized exchange prone towards hacking. In my case, I've been delegating TRX to certain representatives where I receive a constant reward (paid either in TRX or a token) every month. SesameSeed is a good representative to vote for, as it gives you SEED constantly. That "SEED" token is exchangeable to a 1:1 ratio towards TRX at anytime. It proves to be a nice source of passive income for TRON holders indeed.

But as you've said earlier, there are many PoS options to choose from. You'd just have to choose wisely in order to multiply your investment in the least time possible. Wink


Presuming ETH does go full Proof of stake I think that might be one of the best choices for holding long term on the basis that many will want to be involved with mining and transactions available via a wallet if the makers allow this to be possible.
  The other alternative I like and has been a pioneer since 2014 is Blackcoin BLK which is very easy to use and has a variety of apps made for it.   See the video on Blackhalo on youtube for a talk through of features available.

Ethereum might become the best PoS coin in existence, if it upgrades from PoW to PoS in its entirety. With an outstanding development team, and constant innovation, ETH could create a solid PoS model that's secure & reliable. As long as the "nothing at stake" problem is solved, then Ethereum will become quite a revolutionary PoS coin to invest into.

I've been watching a staking pool for ETH called "Rocket Pool" which is still in development. It could prove to be a nice source of passive income if successful. It's only a matter of time before the ETH dev team decides to adopt Casper PoS, in order to make staking pools a reality. In the meantime, old PoS coins like Peercoin, Blackcoin, and Reddcoin, are good enough for a long term investment. I'm surprised to see Blackcoin with smart contract functionality (Blackhalo) but it doesn't appear to be under active development. If it gains traction, then it'll be quite revolutionary as well. Smiley

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October 24, 2019, 04:44:58 PM
 #1023

Well, if you look at market trends, my best bet in terms of upside potential is truly Blocknet.

Blocknet launched the very first DEX on the market, but they'll way more than just that. Through Blockchain operability they could do Oracles too like Chainlink, among a ton of other stuff.
This project is so undervalued, considering it's been in active development since 2014.

With heavier regulation, comes a huge demand for privacy. You do the math! Wink
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October 25, 2019, 11:19:03 AM
 #1024

The best coin to get rewards from holding is EOS in my opinion. However, NEO is great as well. But actually, mining is a much more profitable way of increasing the amount of alts, even on cloud mining or mining contracts.
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October 26, 2019, 02:48:46 AM
 #1025

Well, if you look at market trends, my best bet in terms of upside potential is truly Blocknet.

Blocknet launched the very first DEX on the market, but they'll way more than just that. Through Blockchain operability they could do Oracles too like Chainlink, among a ton of other stuff.
This project is so undervalued, considering it's been in active development since 2014.

With heavier regulation, comes a huge demand for privacy. You do the math! Wink

This is a great find. Thanks, mate. I believe that Blocknet is one of the few undervalued PoS coins on the market, as it has a solid development team and attractive features. I've been eager of a truly decentralized exchange that takes censorship-resistance very seriously. It seems that Blocknet's "Block DX" fits the bill nicely. Considering its current price of ~$1.30, I believe that it's still a bargain. If successful enough within the mainstream world, it could be one of the best PoS coins you could invest in a lifetime.

I'm also looking forward for ETH's implementation of Casper PoS, as it'll make things quite interesting for early adopters of the cryptocurrency. Prices could skyrocket like never before, once people experience a faster and cheaper Ethereum. Being the world's second largest cryptocurrency by market cap, it has all the odds of winning the attention of people within the mainstream world than other altcoins on the market. This leaves me with ETH as the #1 choice for long-term staking, followed by Blocknet, Stakenet, Bean Cash, Peercoin, Blackcoin, V Systems, and Reddcoin. Investing a little here and there would allow you to minimize your risk of loss, if the market decides to go down the drain massively in a blink of an eye. All in all, it seems that PoS is the way of the future. Smiley

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