The altcoin season has already started. And its time to make use of POS consensus in full function.Hence choosing the best Altcoin with high potential which can make big passive income is an  important strategy.Specialy this june we have seen a lots of up and down in many altcoin market. Before we jump into the list . Lets understand what is POS in brief

POS or proof of stake is a concensus mechanism where people participate in the consensus network inorder to perform the transaction. Here people who hold more cryptocurrency will have more mining/ staking power . POS consensus provides two benfits. First by rewarding the people participate in the network and second  by giving voice to the project/ network by the  people  participating in it. Hence helps in improving the project more better.

So here is the top 6 summer  staking coin everyone should have

• Zilliqa(ZIL)

Rank-37

MC-231,658,185$

Price-0.02$

zilliqa has been the talk of the town lately. Introduced in 2017 it was the first project to apply the idea of sharding .An onchain solution designed to improve the scalability by allowing faster transaction at low cost. It aso enables the project to reach consensus quickly increasing the number of transaction.

With the intoduction of sharding in Zilliqa it trasaction speed is 1000 times more faster than Ethereum. Because of it  higher and faster transaction  people don't to worry about any congestion instead focus on fleshing out the ideas behind it.

Currently it is standing at 37 position in coinmarketcap and offers an annual staking rewards of 10% . With such huge potential it is a much needed coin to hold at the moment.

• Cardano(ADA)

Rank-11

MC-1,863,323,914$

Price-0.07$

When it comes to any assets under 1$ with a high profit potential cardano is the one you need to talk about. Currently standing at 11 position in coinmarketcap, Cardano has a massive potential of gaining 1000x profit with the rolling out its shelley mainnet this june. It is also considered as the hot altcoin.Being  a project among the top 10 market ranking we can guaranted the stability of the project and rely on it. It also offer a high staking rewards of 10.25%

• Synthetix(SNX)

Rank-41

MC-200,658,185$

price-1.07$

Currently standing at 41 position in market rank, synthetix offers a huge 59% annual return as its staking reward. Synthetix is  a trading platform. It is a project which aims in connecting the synthetix asset to real world assets, like gold, USD etc. It is build under an Ethereum blockchain. With any coin such high staking rewards and among top 50 ranking in market cap i would realy hold it.

• Crypto.com(CRO)

Rank-10

MC-1,884,285,289$

Price-0.10$

Crypto.com is a wallet with an exchange feature. It was introduced in 2016 and offers product like its wallet, exchange facility, payment facility and its most popular  the MCO Visa Card, a metal card with no annual fees. It has also introduced an earn program. But earn by holding token is quite different from satking. Staking CRO through its crypto.com app offers an annual staking rewards of 10%.

• Algorand(ALGO)

Rank-45

MC-171,818,053$

price-0.22$

Algorand was launced in april 2019. It aims to solved the scalability problem faced by many Blockchain. And develop a platform both scalable and fast without giving up decentralised capability. This is one formidable challenge in the Blockchain ecosystem and is termed as Blockchain traillema.

Staking of Algorand is quite simple. It does't require a node to run and users only need to hold  ALGO in their wallet. Staking of Algorand can be inatiated with just 1 ALGO.  Rewards is payed every 20 minutes.currenly Alogorand offer 5.88% annual staking rewards.

• Elron(ERD)

Rank-141

MC-171,818,053$

price-0.003$

Elrond is a fast and secure blockchain project with many big partnership like samsung. It works under two consensus mechanism Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm. This mechanism makes Elrond fast, efficent and more secure with a super fast transaction speed of 10,000 transactions per second. Elron(ERD) offers a whooping 29% annual staking rewards. Even though Elrond is rank bellow top 100 its  partnership with strong companies like samsung, binance and project like chainlink makes us guarented that this will be a long lasting  project and will keep growing in future.