Decentralized finance (DeFi) has cooled as cryptocurrency investors turned their attention to earnings, promising that NFTs and the Metaverse showed promise. In return, liquidity is sucked out of the DeFi protocols. However, as Q3 approaches, liquidity is returning to the DeFi space, with mid-cap coins like Tron (TRX) sustaining a massive 24-hour trading volume of $2.5 billion. With confidence and liquidity returning to the DeFi markets, Mountanaz (MNAZ) will thrive and present a great opportunity to get involved in a project ahead of its listing on major exchanges in Q3 2022.
Where will Mountanaz peak?
Mountanaz is trying to fix the flaws in the decentralized finance markets. Many DeFi-oriented blockchains do not offer cross-chain capability and are limited by the types of cryptocurrencies they can deposit into their liquidity pools. MNAZ offers solutions to both of these problems.
The protocol allows any cryptocurrency to be deposited into its pools, giving scope for far greater liquidity for lending than its competitors. It also builds on the Binance Smart Chain, or BSC for short. Transactions on the BSC are vastly superior to the Ethereum network, which was the biggest problem in DeFi adoption, both in terms of speed and cost.
The BSC can also work with the Ethereum Value Machine, which means that decentralized apps (dapps) built on top of the BSC, such as MNAZ, can integrate with dapps built on top of the Ethereum network. Thus, Mountanaz benefits from the security and decentralization of Ethereum without being confronted with the excruciatingly high transaction fees and waiting times. For anyone wondering if the BSC is a less recognized blockchain than Ethereum, fear not. It has the third highest overall value and powers the most superior centralized exchange in the world – Binance.
Will Tron’s Stablecoin Announcement Fuel DeFi Enthusiasm?
Tron (TRX) recently announced that it will launch a decentralized and algorithmic stablecoin, USDD. A stablecoin is ultimately a cryptocurrency dollar pegged to the value of $1. The launch of stablecoins coincided with very strong investor confidence, with Terra Luna taking the lead in this area by a wide margin. If you’re a crypto investor and haven’t caught Luna on the way up, you’ll be joined by a plethora of others who are also feeling the intense FOMO that Terra Luna has established in the market.
Could Tron pull a Luna and reach for the stars?
Tron is up around 22% since the announcement of its stablecoin and is certainly outperforming the market at the moment. With a 24-hour trading volume of about a third of its market cap, the liquidity surrounding TRX is exceptional. Generally, when the trading volume around a medium-cap coin is this high, it indicates that interest in the coin is extremely high. It wouldn’t be surprising if TRX turned in impressive gains in the short to medium term.
Avalanche, the forgotten layer 1 glacier?
Solunavax was the 2021 narrative. Avalance (AVAX) made very impressive wins along with Solana and Luna. For anyone wondering, between January and November 2021, the valuation rose nearly 5,000%, peaking at around $146.50.
With incredibly fast transaction times and gas fees a fraction of Ethereum’s, Avalanche’s current price of $61.40 appears to be the bargain of the century. It made a low of $55.25 just recently and the bottom of this correction may well be here. With some of the strongest fundamentals in the DeFi space and a high TVL, AVAX is a guaranteed winner in the months and years to come. If the avalanche inevitably comes, it’s best to be prepared!
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