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Blockchain technology could transform the world with its capabilities, and one of its most powerful capabilities can be in powering Decentralised Finance (DeFi). DeFi can make financing accessible and transparent for anyone with an internet connection. DeFi has captured the attention of crypto platforms, and there is a rush to integrate DeFi into various cryptocurrency ecosystems, but not all DeFi projects are created equal! There are crypto ecosystems which offer good support DeFi projects, and there are those with half-baked support for DeFi. Here are three cryptocurrencies that have great support for DeFi: Dogetti (DETI), (Polkadot (DOT), and Solana (SOL). These coins are expected to be great investment opportunities for a solid return.
Dogetti is a meme coin and looks to unseat the more established meme coins like Dogecoin and Shiba Inu. DETI is on presale now, and from the response it has got, DETI may well be on its way to being the top dog in the meme coin space with the help of a bit of time and its detailed roadmap. Dogetti stands out from the rest of the pack with its focus on decentralisation and its aspirations to create a DeFi ecosystem. The DeFi ecosystem from Dogetti will use the DETI as its utility token.
Dogetti has a supply of 100 billion and has the potential to acquire great value with its balanced supply. The coin will be community owned, and decisions will be made by the community, making it truly open and transparent. One of the ways the Dogetti family plans to accrue wealth is by going full tilt on DeFi. Shifting from the traditional financial system of intermediaries and central authorities to a decentralised peer-to-peer financial system can create a system that is faster, more secure and highly accessible.
The Dogetti family's robust ecosystem, including its unique reflection protocol, community centricity, Dogetti NFTs and DogettiDAO, will position it to reap the benefits of the shift to DeFi. Dogetti is aiming for the moon, and it seems like it's got the mileage to make the leap!
Polkadot was birthed out of the need to have blockchains speaking to each other and exchanging data seamlessly. The network can create and operate different DeFi applications on its network, meaning it can run a DeFi project that facilitates borrowing, lending and trading in the same ecosystem. Polkadot's flexibility is unmatched and gives it a lead over other blockchains. Polkadot offers faster transaction speed and lower fees than other blockchains like Ethereum.
The Polkadot network uses its native token DOT as the utility token. DOT is ranked 11th in the Coinmarket rankings. Polkadot has a market cap of $7.3 billion and is projected to grow as the adoption of its network picks up pace.
Solana (SOL), the next token on our list, is an open-source project that aims to provide faster and cheaper DeFi solutions. The network supports transaction speeds of up to 65,000 transactions per second. It also has low transaction costs compared to its competitors. This combination primes Solana to benefit hugely as a network offering DeFi solutions.
The Solana network uses its native token SOL as the utility token for its blockchain. SOL is unique in its use of the Proof-of-History consensus mechanism in combination with the Proof-of-Stake consensus mechanism. This combination offers transactions on the Solana network to be highly secure while being energy efficient, a winning combination. Thus, Solana's security, costs, decentralisation and energy usage strengths make it a great crypto to hold.
DeFi focussed crypto projects hold a winning edge over other cryptos with their real-world usefulness. Dogetti, Polkadot and Solana are three networks implementing DeFi as an integral part of their ecosystem. These tokens have a bright future ahead of them as more and more people move into the DeFi universe. The holders of these tokens are in for great returns.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti
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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.
