This year has been a crazy one so far for crypto.
The first quarter was full of ups and downs, with wins and losses for big-name coins such as Bitcoin (BTC) and Ethereum (ETH). The second quarter has been no different, and so far, it has been even more eventful than the first, managing to make history with what many people call the “craziest week in crypto history”.
Nonetheless, the crypto market is still thriving and growing with each passing day. Investors are constantly on the lookout for new coins with massive growth potential to back, and these three, Aave (AAVE), Filecoin (FIL) and Parody Coin (PARO), are the most likely to explode in the not so distant future.
These three crypto tokens should therefore be on the radar of every investor. Here’s why.
Aave (AAVE) is a decentralized finance (De-Fi) platform that allows users to lend and borrow not just cryptocurrencies but also real-world assets (RWA) without going through a centralized intermediary.
When users lend on Aave (AAVE), they gain interest, and when they borrow, they pay interest.
The Aave (AAVE) platform runs on multiple blockchain networks, including Ethereum (ETH), Avalanche (AVAX), Fantom (FTM) and Harmony (ONE). Additionally, the platform uses a decentralized autonomous organisation (DAO) for its operation and government.
With traditional financial systems, getting a loan requires going to a bank or any other financial institution with collateral, either cash or a tangible asset. And then, every month, you pay the principal plus interest to the institution that granted the loan.
De-Fi, however, is different. It eliminates the need for third parties such as banks and uses smart contracts to perform their role.
Essentially, with De-Fi, a loan would be given to you by other people, and the transaction is limited to just the borrower and lender. De-Fi eliminates the need for intermediaries in financial operations such as asset trading, futures contracts and savings accounts.
AAVE, the native cryptocurrency of the Aave platform, serves as its government and utility token. Holders of the AAVE token have a say in matters that concern the Aave platform, such as the direction of the platform and how to manage its funds.
At the moment, Aave (AAVE) is a top 50 cryptocurrency by market cap.
Filecoin (FIL) is a decentralized protocol designed to allow anyone to rent out spare storage space on their computer and also buy storage space on the protocol.
The platform creates a huge source of data storage by allowing anyone in the world to join its network. With the computerization of more and more systems worldwide, a platform like Filecoin (FIL) will be needed to satisfy the interest in demand.
Filecoin (FIL) has several advantages over centralised data storage solutions, such as cost efficiency, scalability and safety.
The platform’s native cryptocurrency, FIL, is a top 40 cryptocurrency by market cap as of the writing of this article.
Parody Coin (PARO) is a De-Fi platform built on top of the BNB Smart Chain (BNB) that seeks to redefine the crypto sector with exciting and innovative features such as the following.
Parody Coin (PARO) will provide users with the capacity to mint parodies of some of the most popular NFTs in the industry and provide a means for trading these NFTs and generating revenue through its NFT marketplace. This particular feature is unavailable on other platforms and will create a buzz within the NFT community.
Additionally, users can mint parodies of their favourite NFTs on multiple blockchain networks, including BNB Smart Chain (BNB) and Ethereum (ETH).
The paroverse is a feature of the Parody Coin (PARO) ecosystem designed to accommodate the emergence of NFTs that interact with the real world. The feature meets the needs of the metaverse evolution and creates the ability to interact with virtual worlds through NFT parodies and other decentralized applications (dApps).
Exciting features like these set Parody Coin (PARO) apart from other platforms and are sure to play a part in the platform’s reception in the crypto space.
Parody Coin (PARO) is currently on presale and can be purchased via the link below.
Presale:https://presale.parodycoin.io/register
Website: https://parodycoin.io/
Telegram: https://t.me/PARODYCOIN_OFFICIAL
Twitter: https://twitter.com/ParodyCoin
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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