The crypto market is currently going through an extended period of consolidation, Most analysts will consider this period to be a bear market with the majority of projects over 50% away from previous highs. With most coins down now, the current period presents a rare opportunity to invest in projects at lower prices and gain exposure to potential gains once the market begins to trend upwards again.
Many crypto investors and enthusiasts are looking into different categories to determine which is more feasible for investment. DeFi (decentralized finance) is one of the more popular sectors to consider when investing. DeFi is a novel industry paving the way forward for finances and crypto investments. Some of the projects DeFi projects gaining attention now are Fantom (FTM), Holo (HOT) and RoboApe (RBA).
UNDERSTANDING FANTOM (FTM)
Fantom (FTM) is a blockchain with a high level of scalability for DeFi, decentralized applications (dApps), and enterprise-level applications. Fantom (FTM) plans to solve slow transaction issues for smart contract platforms with its token.
Fantom (FTM) have approached this issue by addressing the core issue. FTM uses a high-speed consensus mechanism to allow digital assets to run at very high speeds and provide more significant improvements over the systems currently in place.
Many of the current blockchains have issues maintaining security and decentralization because of scalability, but the team at Fantom have managed to find a way to solve the issue without sacrificing any of the key functions.
Other benefits offered by Fantom (FTM) are;
- Fantom (FTM) implements a proof-of-stake model to maintain high levels of security.
- It is environment friendly
- It implements open-source and open participation.
Fantom (FTM) offers many advantages for cryptocurrency investors looking for a project with high DeFi functionality to invest in.
WHY HOLO (HOT)?
Holo (HOT) is a peer-to-peer network that caters towards decentralized apps dApps  (Decentralized Application). Holo (HOT) has plans to serve as a bridge between the internet and applications built on the Holochain, creating a community where users have easy access to dApps.
Holo (HOT) was created to further the adoption of decentralization and promote the idea of empowering the individual, giving them full control over their finances. The connection between hosts and applications (dApps) is built with encryption from end to end.
Holo (HOT) also ensures the security and safety of the dApps on its platform through validation rules that ensure data is protected when transmitted across different nodes. Random peers along the connection serve as validators to ensure that the data adheres to the right set of rules.
COULD ROBOAPE (RBA) BE THE SOLUTION?
RoboApe (RBA) is different from Fantom (FTM) and Holo (HOT) in that it is a meme coin that was created to take over the crypto industry using a unique set of services designed for the community. Starting with its native currency, the RBA token, RoboApe aims to create a DeFi platform to serve meme lovers and crypto enthusiasts.
RoboApe (RBA) offers a fun approach to DeFi by offering several features like gaming and NFTs. This is attractive to investors because they can be part of a community whilst earning a passive income and participating in games and events on the platform.
RoboApe (RBA) is currently in its presale, and it has a lot to offer once it offers launches, so you need to be alert as this DeFi project holds a lot of potentials to rival established cryptos like Holo (HOT) and Fantom (FTM).
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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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