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HomePress ReleaseICO/IDO/IEO3 Coins That Could Make You Rich: Shiba Inu (SHIB), Mithril Finance (BARS) and Uniswap (UNI)

3 Coins That Could Make You Rich: Shiba Inu (SHIB), Mithril Finance (BARS) and Uniswap (UNI)

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We all know that crypto can be a tad overwhelming at times, especially with all these fancy concepts, technical vocabulary, and complicated technology.

What’s better than some good old projects based on funny animals, memes, or other fantastic universes to make all this more entertaining?

This article will follow the theme of creative projects that based their identity on funny images or fantastic universes and because a gift never comes alone, will present three fantastic cryptos with strong growth potential – Mithril Finance (BARS), Shiba Inu (SHIB) and Uniswap (UNI)

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Shiba Inu (SHIB)

You probably heard about this one, Shiba Inu (SHIB) was launched in August 2020 and has grown into one of the leading cryptos currently on the market.

SHIBA

The crypto community has been going crazy for these dog-inspired coins, particularly those named after the Japanese Shiba Inu, a friendly and intrigued-looking dog that has inspired the meme community for several years now.

SHIB now ranks in 15th place by market cap according to CoinMarketCap’s data and boasts a market dominance of around 0.70%. Beyond the stereotypical meme coin, SHIB has managed to prove its solidity over time and ability to create a tight-knitted and loyal community.

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Shiba Inu created its own decentralized exchange (DEX), ShibaSwap, where SHIB is listed. Since 2021, Shiba Inu’s increasing recognition and tweets from celebrities such as Elon Musk led major exchanges such as Coinbase, Bitstamp, and Mexico’s Bitso to list SHIB on their platforms.

This recognition led to a renewed influx of investors, increasingly seeing SHIB as a project with serious ambitions rather than a simple joke.

Now, the Shiba Foundation recently announced the development of the Shiba metaverse, Shiba Land, creating high expectations for the future of the project, particularly given investors’ current appetite for anything metaverse-related.

SHIB is now trading significantly lower than its historical average, a potential entry point – worth considering!

Mithril Finance (BARS)

We leave the world of Shiba Inus to join that of the Lord of the Rings. Mithril Finance (BARS) is a strong project that will officially start trading in the last week of March – high anticipation and high expectations!

Mithril Finance is currently developing a decentralized aggregator which will offer investors a number of solutions all in one place.

mith

Mithril Finance will be a multichain project, meaning that it will deploy different blockchains at once. This will enable Mithril Finance’s ecosystem to run transactions much faster than more traditional “unichain” projects.

In fact, the Mithril Finance team asserts in its whitepaper that its ecosystem will be able to handle 50,000 transactions per second (TPS). That is much higher than the major projects currently existing on the market, with the Ethereum network being able to handle a mere 10 TPS.

Solana (SOL), one of the most popular cryptos lately and one of the fastest networks currently in existence, handles about 2,100 TPS.

Mithril Finance therefore aims at revolutionizing the space by offering some of the fastest transactions on the market. When looking at Solana’s popularity, one can only wonder whether Mithril Finance will experience a similar success!

With its market launch happening in a few days, Mithril Finance (BARS) is likely to see a massive influx of investors, all betting on the future prospects of a very promising project.

Uniswap (UNI)

Uniswap (UNI) is one of the leading projects in the fast-growing Decentralized Finance

uniswap

(DeFi) space. Uniswap is an Ethereum-based DeFi protocol that provides liquidity and enables users to exchange tokens easily and in a matter of seconds.

As an Automated Market Marker (AMM), Uniswap also provides liquidity pools that are run by smart contracts set to eliminate unnecessary third parties, allowing financial operations to run more efficiently.

Uniswap’s phenomenal success on Ethereum led the protocol to deploy on the Polygon (MATIC) network back in December 2021, as a solution to the Ethereum network’s high congestion, latency, and gas fees.

This deployment was met with strong success, with investors massively routing their trades through Uniswap. Now, the protocol has come to rival major Polygon-based exchanges such as QuickSwap (QUICK).

This success story will not stop any time soon as Uniswap Labs plans to deploy on other fast-growing networks such as Binance Smart Chain (BSC) or Fantom (FTM), which could further strengthen the protocol’s user base and its position as a leading DeFi project.

Its native token, UNI, is trading in the $10 range, more than 50% less than four months ago, indicating attractive long-term value for DeFi investors.

Find out more here:

Mithril Finance PreSale

Mithril Finance Website

Mithril Finance Telegram

Mithril Finance Twitter

 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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