Masternodes used to be an incredibly popular way to increase one’s holdings of specific altcoins. Over the years, the industry has been plagued with exit scams and pump-and-dump schemes. Today, there are still many masternode coins with ample rewards, although caution remains advised.
The only masternode altcoin currently offering over 100% in annual rewards is Lition, or LIT. Based on the data from Staking Rewards, this altcoin will yield users a 101.59% annual reward for running a masternode. An interesting amount, although one that is likely to be adjusted in the coming weeks and months.
With $470,480 in trading volume, and under 7% of all coins staked, there is still room for future progress. As is often the case with low-cap altcoins, liquidity across trading platforms will be a core aspect to keep an eye on moving forward.
Another masternode-oriented altcoin with a high yield is Rapids. Its projected reward sits at 43.6%, but most users will see a 25% annual return for running a masternode as of right now. Again, this number will likely keep decreasing over time, which is normal.
One thing to keep in mind is how Rapids has a very low market cap, and under $2,000 in trading volume. For a currency with over 65% of the entire supply apparently locked up in masternodes and staking, those figures are anything but impressive.
The Horizen project has been around for quite some time now. It is one of the very few legitimate long-term masternode projects out there, and it continues to attract a lot of attention. This has allowed the project to reach a market cap of $82.5 million, with over $8.15 million in trading volume.
Today, Horizen masternode owners can expect an adjusted annual reward of 14.93%. That is still more than respectable, especially when considering how every WEN token is valued at $8.61. Right now, just under 36% of the token supply is either staked or locked in masternodes, indicating that there is still plenty of liquidity on the market.
There are a lot of proof-of-stake currencies that are often overlooked by most crypto enthusiasts. In the case of Fusion, its current market cap of $20.37 million may not seem all that impressive. Considering how nearly half of its market cap is traded on exchanges in the past 24 hours, it may prove to be a worthwhile project for masternode enthusiasts.
Setting up a node can earn users 14% of their tokens back per year. That is a nice amount, although it will likely decrease once more coins are staked or put into masternode. That being said, having 38% of the supply locked up right now is a more than decent amount, all things considered.
The final altcoin on this list capable of yielding annual rewards of over 10% is Energi. Its actual reward scheme and adjusted reward scheme are very different, but even a 10.7 % return per annum is more than acceptable. Considering how every NRG is worth $2.16, there is a lot to look forward to.
Looking at the Energy market cap, it has reached nearly $68 million. There’s also $1.6 million in trading volume, which might seem a bit low. Given how over 67% of coins are either staked or acting as masternode collateral, this ecosystem looks rather healthy, all things considered.
This article does not constitute investment advice. Cryptocurrencies are volatile, and losing money is a very real possibility. Always conduct your own research before making an investment.