5/20/2023 0 Comments Best defi coins 2020![]() ![]() Maker pumped 35% around the time of the LUNA crash to $0.83 – it has a similar use case and is essentially a competitor, so could be a good investment in the face of Terra losing credibility. The Maker (MKR) token helps stabilise the price of the DAI token at $1 and enable management of the Dai Credit System. AvalancheĮToro describes Avalanche as a smart contracts platform that uses a mechanism for securing blockchain networks.ĮToro describes Uniswap as an Ethereum based exchange that allows decentralised token swaps.ĮToro describes the DeFi use case of Chainlink as providing a communication platform for messaging and digital services in international finance, healthcare, retail, and logistics industries.ĮToro describes Tezos as a crypto asset similar to BTC and ETH in its use of smart contracts and blockchain tech but without the need for hard forks which have been an issue for many crypto coins.ĮToro describes the Maker platform as a decentralised autonomous organisation (DAO) on the Ethereum blockchain, and the framework for the DAI stablecoin. ![]() Another is to invest in low market cap DeFi coins that could be competitors to the more ‘blue chip’ DeFi projects and are undervalued compared to the rest of the DeFi ecosystem.īelow are some DeFi price charts for each of the top 10 DeFi coins by market capitalization, all of which are overdue for a bounce heading into 2023. One investing strategy is to buy high marketcap DeFi coins that are well established but still undervalued compared to BTC and ETH. DeFi Price – Charts of the Top DeFi Coins by Market Cap
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