Since DeFi coins performed amazingly during the last bull run, everyone is questioning which are the next DeFi coins to boom and snatch the crown from Ethereum.
But what is DeFi mean? It stands for Decentralised Finance. Digital assets known as DeFi Coins or DeFi Tokens can be purchased, sold, and traded through decentralised programmes known as DApps. Without the control of the government, these tokens are made by the people for the people.
In other words, DeFi is the future, and if you want to invest in the future then continue to read on. In this article, we will be going through our top three DeFi cryptocurrency picks: Fantom (FTM), Avalanche (AVAX) and Big Eyes Coin (BIG)!
No, Ghosts have not gotten technically advanced and taken over the cryptocurrency space – although this gem is creeping up through the DeFi game.
Fantom Foundation, led by CEO Micheal Kong, was established in 2018 by South Korean computer scientist Dr. Ahn Byung Ik. Fantom (FTM) uses a blockchain substitute known as DAG (Directed Acyclic Graph) and it offers smart contract features to its users.
One of Fantom’s key benefits is its lightning-fast transaction processing, which is capable of processing thousands of transactions per second, settling swaps in a matter of seconds, and it only costs less than a penny per transaction. As a result, Fantom has a lower cost and more scalability.
Fantom tries to enable DeFi (Decentralised Finance) and smart contracts in a unique way by using a new consensus mechanism called Lachesis. In comparison to conventional proof-of-stake (PoS) algorithm-based platforms, Lachesis claims a significantly higher capacity, two-second transaction finalisation, and increased security.
Fantom is undoubtedly a DeFi cryptocurrency that could take off this year as an up-and-coming rival that has several distinctive characteristics – we could see it dethroning Ethereum.
In 2010, “Team Rocket,” a group of Cornell University researchers led by computer scientist and blockchain specialist Emin Gün Sirer, came up with the concept for Avalanche (AVAX). Team Rocket would absolutely go on to blast off, causing an Avalanche through the DeFi space.
Avalanche, largely recognized as Ethereum’s main opponent, is a layer one blockchain that provides the framework for blockchain networks and decentralised applications (dApps). It aims to replace Ethereum as the most widely used blockchain for smart contracts. Without losing scalability, it aims to achieve this by having a faster transaction rate of about 6,500 transactions per second.
Avalanche is a solid investment for those who want to see their portfolio increase over time since it has one of the strongest smart contracts systems, quick transaction rates, and a dedicated team behind it.
Big Eyes Coin (BIG) is a new DeFi meme token, that is absolutely smashing its presale hitting a milestone of $21 million.
This token not only has the aim of shifting wealth into the DeFi space, but it also plans to save the oceans of the world as they’re in terrible condition. But how is that possible I hear you ask? Big Eyes Coin will automatically place 5% of every $BIG transaction into a visible charity wallet, which is then donated to charities preserving our marine life. If those tokenomics don’t sound pawesome to you, then read that again!
Meme tokens are a great way of increasing mainstream adaption, as they’re fun, easy to use and these days, they have a great social utility. As we’ve seen the wild success of meme coins such as Dogecoin (DOGE), Big Eyes Coins appears heading right in that direction with the rate it’s moving, and it may even dethrone DOGE.
With the promo code LAUNCHBIGEYES200, you can get a 200% bonus each time you buy Big Eyes Coin, but don’t miss out as this code will expire on February 3rd!
With the crypto market on the rise and DeFi increasing adoption, you want to be equipped with all the DeFi gems you can find. This way you can be ahead of the crowd and see explosive gems.
Why not start with some underrated DeFi coins that could see your portfolio explode: Fantom (FTM), Avalanche (AVAX) and Big Eyes Coin (BIG).
Big Eyes Coin
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
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