Hi all. I would like to compare some of the most staking rewards coins out there, that are less than a penny. Staking coins, gives you interest on your holdings on your wallet. 808 says they give out 17% after about 8 days, then you have 2% for every day you wait for the 8th day again. It's the amount you can gain, while Bitcoin is low, that is interesting with 808. XP or experience points staking was out of control with too much rewards. They have tone it down. I think it is 30% from 300%. These two currently have large circulating supply of either close to 100 billion coins or much more. Bean Cash on the other hand, is better. It only has 2.5 billion circulating out of 50 billion. Each staking reward, even at 0.0066 cents is over a dollar. This is because it rewards 1k beans at a time.
Here some of the weakness of the coins here. 808 does not have a major exchange that has over 50 million in trades daily. Their best exchange is Cryptopia, I think in New Zealand. They average under 10 million a day. But they do have good volume for macro-coin. As long as they have that, it gives any exchange, money to be made in charging for each trade.
XP, same deal with this. No major exchange, but gives any exchanges good trading fees. They do have more exchanges than 808.
Bean Cash, one thing that bothers me about this coin is, it's market capital. For just having 2.5 billion circulating and good staking, it is really small at only 15-17 million. This coins is really volatile. You can see it go to a market cap of 90 million one time to now 17 million in less then a six month. The market has not matured. At-least it has two major exchanges with over 50 million. So because it is at a high Satoshi compared to the other two and it has a low supply, this still is attractive. One of the few staking coins, I think you can make a living on in a modern economy.
A quick note on Reddcoin Rdd, use to bounce from 50 Satoshi to 110 Satoshi, but there seems to be a bottom at around 80 Satoshi and real support. I say it is maturing because you don't see the market cap going so low on this coin as before. So there is definite interest here.
Now the real reason, why people should be interested in macro coins. I give you an example. A few years ago, you could have bought 1 billoin htmlcoin at 1 Satoshi and when Bitcoin was a lot lower. A billion coin would just be $20,000 or less. Compared to today, htmlcoin is 7 Satoshi. So that $20k would have been $140k. That is the major story with these macro coins. Because they rise with Bitcoin, they are one of the best way to gain a lot of profit for so little. Bean Cash was 0.011 cents when Bitcoin was $9k. You would have close to double you holdings or value, if you sold at that price and re-bought at 0.0066 cents.
There is a htmlcoin alert, hitbtc is set to list this coin. This coins has smart contracts. It may be the least expansive coins that have this function. This is a major exchange or mid tier with overt 100 million volume. I think htmlcoin is very under valued with this news. Right now it's at around 7-8 Satoshi, with this it should go to 20 Satoshi. It has around 65 billion coins circulating, but even still. Remember this was once 1 Satoshi. The reason it has gone up is their group that manages this coin are active in adding functionality and marketing. I highly recommend going to the site to get more info and to see what they are up to.
Of the most watched under 1 penny coins to look at would be the htmlcoin and peepcoin ( soon to be dapscoin). But of the two, htmlcoin already have made their changes and peepcoin has still have to do theirs by the 2nd half of this year. Bean Cash, BitB would be very interesting if Bitcoin reaches back up to 15k. Bean Cash will be the bomb if somehow Bitcoin reaches 25k. Remember it gives out 1k rewards. At 25k Bitcoin, I think Bean Cash may hit over 750-1000 Satoshi, then the reward would be $187 per 1k or higher. This is an interesting scenario where the staking is worth more than the coin.
To elaborate on my point, if Bitcoin hits 25k, everyone of these coin above, would probably be worth more than 5 times and maybe much higher. Staking coins always have more value when each coins goes up in price, thus the rewards are higher. That happens when Bitcoin goes up.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.