Your crypto portfolio contains all the cryptocurrency assets you own as an investor in the space. When major events happen, such as the Luna crash, it can lead to cascading effects such as the liquidation of 3AC capital. A crypto firm which was overexposed to the Luna stablecoin. To prevent such occurences from happening to their portfolios, investors need to hedge their portfolios and create systems where they can remove poorly performing projects from their portfolios. Additionally, investors need to keep a keen eye on the happenings in the market to stay one step ahead. During these volatile times, it is important for investors to adopt the appropriate strategy to protect your investments. Furthermore, investors should remember that capital management is an important part of investing.
Three cryptocurrency projects you should have in your portfolio are Aave (AAVE), Solana (SOL), and Keninah Concord (KEN). These three crypto projects have displayed the right indices that show they will rebound when the market settles. Therefore, it would be wise to have these tokens as part of your portfolio. Here is a short description of each project.
Aave (AAVE) is a decentralized exchange (DEX) that allows users to borrow and lend various crypto tokens. These crypto tokens are provided by users on the platform in exchange for a share of fees paid by borrowers. To borrow assets on the protocol, users need to deposit collateral in addition to a fee to access the liquidity pools on the platform. The liquidity pools on Aave are powered by smart contracts which remove order books out of the equation. Furthermore, Aave is a multi-chain protocol that allows users to borrow and lend crypto tokens from different blockchains.
AAVE is the protocol’s governance token which gives holders the right to vote on and propose changes to the protocol. The Aave DAO is in charge of executing all proposals that token holders have approved. In addition, borrowers on the Aave protocol can use AAVE to reduce borrowing fees from liquidity pools.
Solana (SOL) is a layer 1 . It was conceived in 2017 by Anatoly Yakovenko and launched in 2020 as the “Ethereum killer”. The Solana blockchain aims to solve various problems that plague blockchains in the crypto ecosystem. Solana is fast, has low transaction fees, and scalable. The Solana Foundation is the project’s parent company and it ensures the blockchain runs smoothly. In addition, Solana provides a suitable environment for developers to build DEFI projects and program smart contracts. Furthermore, the Solana blockchain can also host dApps (decentralized apps).
Solana uses a Proof of History (PoH) consensus mechanism. The consensus mechanism is a subset of the Proof of Stake (PoS) consensus mechanism used by blockchains like Cardano (ADA). SOL is the utility token of the blockchain, and token holders can stake, sell or use the token for transactions. Additionally, the token helps Solana and its validators to secure the network and validate transactions. Solana is proving to be a formidable blockchain among its peers in the industry.
Keninah Concord (KEN)
Keninah Concord (KEN) is a crypto platform for sending and receiving financial aid. It is specially built for users living in war torn areas of the world. Financial systems collapse when there is such an emergency and this allows the Keninah Concord perform an important role in those areas. Using the blockchain, the project will ensure that senders and receivers of aid can do so appropriately and with transparency. Keninah Concord transparently allows donors to send money to receivers using its distributed ledger technology.
The KEN token will be used as the medium of exchange on the network and will facilitate transactions. Join the ongoing pre-sale and take advantage of the numerous bonuses available. Bonuses can stack, and there are so many ways to get an extra KEN token. For example, you get a 9% bonus if you purchase KEN tokens in the first stage, a 7% bonus for the second stage, and a 5% bonus for the last stage of the pre-sale.
Keninah Concord (KEN)
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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