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Every crypto investor is keen to know what cryptocurrency is going to be the next one to explode into riches. Shiba Inu (SHIB), EverGrow (EGC), and Ape Coin (APE) have all skyrocketed in recent times and made millions for their early investors.
April is almost upon us, and with it, spring is blooming. New-season equals new opportunities. It is the perfect time to release a new cryptocurrency project, the team behind Quitriam Finance (BARS) will hope to capitalize on this. Quitriam Finance (BARS), along with established giants Cardano (ADA) and Ethereum (ETH) are the ones to watch this month.
Cardano (ADA) is a proof-of-stake blockchain with the eighth highest market cap of all cryptocurrencies at the time of writing. Its proof-of-stake architecture is less harmful to the environment than Ethereum (ETH), and its founders have claimed that their mission is to give the world a platform for "change-makers, innovators, and visionaries" and bring positive global change.
One of ADA's missions was to plant one million trees, which they accomplished last month. ADA has previously been high in the rankings and, due to its long-term business outlook, is expected to become even greater, making the "top 10" list.
Everyone in the crypto-sphere and a large number of people who have yet to become connected with cryptocurrency are familiar with Ethereum (ETH). After Bitcoin (BTC), it is the second most popular cryptocurrency in the world. Its market cap is now hovering around $350 billion, more than four times that of Tether (USDT), which is currently ranked third.
Despite heavy competition from Solana (SOL) and Cardano (ADA) for example, Ethereum is still by far the go-to platform for blockchain developers. Furthermore, ETH is the currency through which the great majority of NFTs are acquired and sold.
ETH has some drawbacks, the most notable of which are its fees. Because of the Ethereum Network's rapid growth, transactions can often take a long time to complete, and as a result, gas fees can be extraordinarily high.
These negatives are expected to change in 2022. The long-awaited ETH 2.0 upgrade is set to be released this year. The Ethereum creators claim that this will significantly improve scalability issues. If this issue is resolved, ETH could be a solid cryptocurrency in which to invest for long-term rewards.
Quitriam Finance (BARS) is a decentralized exchange that will be launching its pre-sale soon. With its multi-chain capabilities, it aims to compete with the industry's titans.
Quitriam Finance is a savings and lending platform that allows members to earn interest on their pooled digital assets. BARS, a governance token developed by Quitriam Finance, will provide its holders voting power over economic aspects such as interest rates, inflation, and deflation.
Quitriam Finance seeks to overcome the problem of other Ethereum-based decentralized exchanges by allowing users to swap tokens at a rate of more than 50,000 transactions per second for less than $0.00001 per transaction, allowing for efficient and quick exchanges.
The BARS presale could follow in the footsteps of other big cryptocurrencies. Shiba Inu (SHIB) and Filecoin (FIL) are still in the top 50 cryptocurrencies by market cap and returned millions in presale, and if Quitriam Finance can achieve something similar, early investors could profit greatly.
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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.
