Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: RSRS on November 02, 2021, 05:23:03 AM
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What Does Blue-Chip Mean for the Crypto World?
The term “blue chip” is used in the business world to describe financially sound enterprises (like Apple, Microsoft) with built-in profit margins even in difficult economic times. In the crypto space, blue-chip refers to blockchain currencies with a market capitalization of at least $2 billion.
The Blue Chip distinction is also based on dependability and supremacy in the specific market. Bitcoin, for example, had its tenth anniversary in 2019 and now has a market capitalization of more than $1 trillion.
When it comes to crypto blue chips, it's important to distinguish between regular and DeFi coins. Although both use the blockchain concept, the traditional ones refer to the pioneer currencies.
DeFi Protocols as Blue-Chips
DeFi protocols can be considered pioneers, claiming new areas that are currently inexpensive but could become the next Silicon Valley, due to their reliance on financial innovation. Although DeFi is still so new that calling any DeFi projects "blue chips" is a stretch.
More Information (https://cryptonews.net/en/news/defi/2476261/)