After cryptocurrencies, DeFi tokens (decentralised finance tokens) have been disrupting the finance sector for the entire year of 2020. While many projects are still in a nascent stage, DeFi tokens have been causing a frenzy on the crypto markets which is reminiscent of the booms of Bitcoin, Ethereum and others back in 2017.

So what are DeFi tokens? They are decentralised financial applications running on blockchains which mirror concepts successfully used in traditional banking and finance. DeFi tokens are shaking things up in the markets. The key idea is to recreate financial services in a decentralised manner, without the need of a third party, like a bank, in between.

Instead, you put your trust in computer code, or more precisely, in smart contracts running on, mostly, the Ethereum blockchain. This allows you to earn interest, get loans, trade (synthetic) assets and more, without relying on any third party. Thanks to DeFi, crypto is on its way to reaching the next level. Sounds interesting? Then let’s get started!

While the hype around DeFi tokens has truly meant some outstanding yields, it is important you bear in mind that DeFi tokens are considered high-risk investments and prices are subject to extremely high volatility, as traders saw some serious price action over the past weeks. Plus, just in case you missed it: Bitpanda recently launched six of the most popular DeFi tokens in the crypto sphere, and another six shortly afterwards.


More info: https://www.google.com/amp/s/blog.bitpanda.com/what-are-defi-tokens-and-why-should-you-keep-an-eye-on-them/amp/

Stablecoins are becoming increasingly popular thanks to their ability to combine the transparency, security, and privacy of a digital asset with the stability of a traditional currency.

Since Tether released the first fully-fledged stablecoin back in 2015, a whole array of other stablecoins have been created.

We’ve produced a list of the most successful and popular stablecoins below, but first here’s a recap of what stablecoins are.


What are stablecoins?

Stablecoins are a type of cryptocurrency that are designed to be immune from market volatility, making them a more useable form of payment than traditional crypto. Stability is created by pegging the value of stablecoins to other ‘stable’ assets such as fiat currencies or gold.

Stablecoins have become an important source of liquidity in the crypto market because they aim to maintain a steady price. They are used to buy cryptocurrencies on exchanges that don’t accept fiat or as a ‘safe haven’ store of value for when other crypto assets witness large price swings.

Stablecoins fall into four broad categories: fiat-collateralised stablecoins, commodity-collateralised stablecoins, crypto-collateralised stablecoins, and non-collateralised stablecoins (which aren’t backed by anything).

Hundreds of stablecoin projects have been announced over the past few years – to varying degrees of success. These are some of the most successful and popular stablecoins today.

More info
: https://finance.yahoo.com/news/list-stablecoins-know-110001820.html

Ethereum is the unquestionable king of the hill when it comes to smart contracts right now. In every metric and every regard, Ethereum is totally dominating when it comes to attracting demand for decentralized apps, or dapps, at the moment.

Considering the Ethereum ecosystem’s extensive organic activity lately, this dominance is set to continue for the foreseeable future. Yet this major demand has led to an acute spike in ETH gas prices, i.e. the fee paid for Ethereum transactions, a reality that’s boxed out many people from partaking in the Ethereum network lately.

Enter Binance Smart Chain (BSC). It’s a modified Ethereum fork and is thus compatible with the Ethereum Virtual Machine (EVM), meaning it can easily port over Ethereum apps and users. And we’ve been seeing more of these migrations lately as some apps have been trying to win over users with cheaper transaction fees.

A non-trivial portion of this BSC activity has seemed spoofed recently, but there’s no question that Binance’s in-house smart contract platform has also been attracting unprecedented interest in this current crypto bull run amid the backdrop of acutely high ETH fees.

All this said, let’s dive into what BSC is and what it can do so we can get a realistic idea of how to accurately consider it within the cryptoeconomy’s present conditions.


What is Binance Smart Chain (BSC)
Binance Smart Chain is Binance’s smart contract platform for decentralized apps (dapps).

Specifically, the network uses a modified version of proof-of-stake (PoS) consensus known as a proof-of-staked-authority (PoSA) algorithm. Simply put, this means BSC is centered upon 21 validators who stake BNB in order to validate the BSC network.

As such, this may be a layer-one (L1) smart contract platform, but it’s also extremely centralized with 21 validators compared to the 1,000s of validators that Eth2 will have. This small set of validators, vetted by Binance, makes it easier for the crypto exchange giant to exert direct control over the network.

Another central aspect of BSC is that it’s compatible with Ethereum’s EVM, which lets BSC developers to easily migrate over popular Ethereum dapps and solutions via loosely-modified forks. This is why the vast majority of dapps on BSC today are essentially direct copies of Ethereum dapps, like how PancakeSwap was forked from Uniswap and Sushiswap.

More info. https://defiprime.com/binance-smart-chain#:~:text=Enter%20Binance%20Smart%20Chain%20(BSC,over%20Ethereum%20apps%20and%20users.

After the emergence of Bitcoin, several cryptocurrency projects were designed in its honor, either to carve out its own niche in the finance space, or improve upon what Bitcoin already had to offer in one way or another.

Among the first coins to take after Bitcoin were Litecoin, XRP, and others. But once Ethereum appeared, the crypto market has never been the same since. That’s because Ethereum isn’t just a payment cryptocurrency, much like the first assets to come onto the scene, it is a full-fledged supercomputer that enables smart contracts for developers to take advantage of and build decentralized applications on top of.

This eventually led to the initial coin offering boom in 2017 that saw the creation of thousands of new ERC-20 tokens built on the Ethereum blockchain. Many of these projects are worthless today, but the explosion of interest helped propel Ethereum to prices of $1,400 per token and to the top of the high volatility cryptocurrency market.

And while the ICO boom has since fizzled out, Ethereum is once again skyrocketing due to the decentralized finance craze and the growth of decentralized exchanges and liquidity swap platforms. Today, Ethereum has broken that former high on the back of DeFi, and trading at more than $2,000 per token for the first time ever.

This guide will walk you through all the reasons why Ethereum is a good investment, how to invest in it, explain all the pros and cons of Ethereum investing, and much more.


More info: https://primexbt.com/blog/is-ethereum-a-good-investment/

The value of cryptocurrency XRP reached over 0.40 U.S. dollars per coin during January 2021, two times more than what it was in December. Ripple’s value has been under a dollar per coin for over a year, with little indication of increase.

What is Ripple?

Ripple, in addition to being a cryptocurrency, is also a payment system. Unlike other cryptocurrencies, it does not use blockchain. Instead of this distributed ledger technology, it uses a common ledger that multiple users have access to, trading the security of the number of ledgers in existence for faster transaction times. While the XRP is not one of the most known cryptocurrencies, the company has raised a significant amount of funding.

Other cryptocurrencies
Blockchain, digital security, and financial technology (fintech) are growing areas of investment. The initial coin offering (ICO) has become a common way of raising funds for startup companies worldwide. The question for Ripple and other such companies is whether or not it can differentiate itself from the crowd. The industry is likely to continue growing, but in the long run probably only a few major firms will win the majority of market share.



More info: https://www.statista.com/statistics/807266/ripple-price-monthly/

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