If bears continue to dominate, its price can stoop down to $15k. With the persistent selling bias, Bitcoin has a relatively high chances of falling into the $17.5k to $18k bracket. The upcoming weekly close remains crucial in determining which direction the asset’s price will head next. In the said process, it lost more than $10k by dipping from $31k to $20k. VZT1EByVxi- Santiment JBitcoinįrom 8 June 8 to 7 July, Bitcoin has shed 33% of its value. Generally, there is less risk being invested in assets where trader returns are still in the negative.
Still, most of these projects can easily bridge over to Ethereum and carry on their successful journey.📈 The average trader over the past 30 days has rebounded to a -3.5% return for $BTC, +1.9% for $ETH, +4.0% for $BNB, and -2.9% for $ADA. However, don’t expect this blockchain to maintain its popularity once Ethereum solves its scaling issues and launches Ethereum 2.0 and ETH staking. All these processes are undertaken through BSC smart contracts without any centralized processing.īSC has ported a lot of users from Ethereum due to its constant congestion issues and astronomical fees. Investors use the protocol to access low fees and aggregation through lending, vault compounding, and yield generation for maximum returns.īelt Finance allows users to instantly and directly swap between stable assets and automatically earn from stable assets by yield farming with an optimized strategy while also getting BELT tokens. PancakeBunnyīelt Finance is an AMM protocol built on the Binance Smart Chain (BSC) and which has in-built multi-strategy yield optimizing capabilities. The platform is powered by LINA, the native token which is used for many purposes like staking, payments, governance, liquidity mining, and investing in liquids. Linear has also introduced a cross-chain compatible and decentralized protocol that allows fast, affordable, and secure exchange of synthetic assets. Users can also use the protocol to create synthetic assets (Liquids) with zero slippage thanks to the unlimited liquidity that the platform offers. The protocol allows users to build and manage a portfolio of various digital currencies. The Linear Finance team combines a wealth of technical experience in the cryptocurrency industry with extensive knowledge in the financial industry. The company offers a cheap, quick, and transparent synthetic asset exchange platform that allows users to save fees and secure assets at a fair market price. Linear Finance is a new platform in the DeFi space that seeks to bring more people into the crypto space by increasing inclusiveness and easy access to investment opportunities. Read also about the top 10 DeFi projects overall (most of them are on Ethereum). Its adoption is mainly driven by the faster transaction it offers and the cheaper fees on every transaction.īakerySwap is one of the first projects to use BSC to build an AMM DEX and is among a few DeFi projects that offer altcoin liquidity pools on the BSC network. Previously, such projects had been associated with the Ethereum blockchain but its adoption has since been taken up on the Binance Smart Chain (BSC). It is one of the many food-themed projects launched in the DeFi space recently, where users can tokenize their projects, provide liquidity, and earn token rewards in return. non-fungible tokens (NFTs), yield farming, and initial DEX offerings (IDOs). The platform uses the automated market maker (AMM) model and combines three top trends in the blockchain and cryptocurrency industry i.e. Venus (XVS): Decentralized Money MarketīakerySwap is a DeFi protocol on the Binance Smart Chain that enables users to stake,bake, create, and trade special NFTs. Previous food-based projects include SushiSwap and BakerySwap. The name PancakeSwap was inspired by a growing trend of food-based decentralized finance. In addition, the PancakeSwap coin price (CAKE), has maintained an upward trend and has jumped a record 46 times in 2021 with its market cap rising to $4.2 billion. Since its launch on September 20, 2020, PancakeSwap has been growing and thanks to a flurry of activities, the DeX recently pushed the number of transactions on BSC to five times that of the perceived industry leader, Ethereum. The liquidity is filled with funds from other users who earn liquidity provider (or LP) tokens for contributing their crypto assets to the pool. With the automated market maker (AMM) model, users can trade digital assets on the platform against a liquidity pool and not an order book to match with other assets. It is the algorithm that makes PancakeSwap an automated market maker. PancakeSwap is a decentralized exchange on one of the top BSC projects that use permissionless and automated liquidity pools that are run by algorithms.
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