The crypto market has been sporadic for the past couple of weeks. With the value of so many tokens decreasing, the question is probed whether or not investing in crypto is still a viable method to make money. Despite this, they remain popular, particularly amongst millennials who invest approximately 38% of their funds into cryptocurrencies according to investopedia.com. Along with the high demand for cryptocurrencies comes decentralised finances (DeFi), which many people are opting for as it enables them to implement digital transactions without the involvement of intermediaries. This segment of the digital world provides people with an option to conduct financial services, such as mortgages, which would be delivered at a lower cost in comparison to going through centralised financial institutions. There are three DeFi coins on the market that have a high chance of contributing to a successful crypto portfolio: Mountanaz (MNAZ), Binance Smart Chain (BNB), and Ripple (XRP), and here is why…
Mountanaz (MNAZ) is an upcoming cryptocurrency that aims to focus on four factors: decentralisation, staking, lending, and governance. The network plans to allow users to lend and borrow crypto assets, enabling their multi-chain compatibility. In its whitepaper, the platform states that its mission is to "provide cryptocurrency users and new adopters of the technology with seamless access to decentralised financial services, tools, and instruments".
They plan to do this by implementing a peer-to-peer (P2P) service that allows users to interact directly with one another, without the need for the involvement of a third party. Furthermore, MNAZ's multi-chain compatibility will enable themto run under several prominent blockchains which include: Ethereum, Solana, Binance Smart Chain, Polygon, and Cardano. Due to the development of a decentralised autonomous organisation (DAO), the MNAZ team is creating a decision-making structure that gives opportunities for token holders to get involved in the decision-making of the currency. They are currently in their first stage of a presale, with a relatively cheap starting price of $0.111111, so if you are looking to diversify your portfolio, Mountanaz may be a viable option for a profitable investment.
Binance Smart Chain (BNB) is one of the most prominent cryptocurrencies on the market, with the biggest global exchange, based on its daily trading volume. It aims to move the use of crypto exchanges to the front line of the financial market and wants to normalise it on an international scale. It is also a blockchain that has a large ecosystem of functionalities, including networks such as the Binance Academy, Binance Chain, Trust Wallets, and research projects – which all utilise blockchain technology power to normalise new-age finance.
The network is well known for its efficient and quick exchange rate that has low fees. BNB was a currency that suffered during the crypto crash this past month but made a swift recovery with its value rising 2.29% according to business today. Its market capitalisation has also increased in the past couple of days, rising by 4.41% in 24 hours according to coinmarketcap.com. With this in mind, BNB could contribute to the development or regrowth of your portfolio.
Ripple describes itself as the leading provider of crypto solutions. The cryptocurrency that runs under the payment protocol is XRP, built to be the most practical token for applications across the financial space. It permits users to transfer money at a very low cost, which attracts banks and retail investors. A vital value proposition of Rippleis its minimal transaction costs, whilst offering transaction finality of under five seconds – meaning that customers can transfer funds in a fast and efficient manner. It is a permissionless, open-source, and decentralised technology that is carbon neutral, meaning that it is environmentally friendly. XRP is a decentralised finance solution that has the potential to be a feasible investment due to its fast, sustainable, and practical methods.
So investors who are looking to revive their crypto portfolio should consider investing in the coins mentioned above, especially Mountanaz which has a lot of potentials to turn a smaller investment into big gains in the future.
Website: http://mountanaz.io
Telegram: https://t.me/Mountanaz_Token
Twitter: https://twitter.com/mountanaz
Instagram: https://www.instagram.com/mountanaztoken
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.