Decentralised Finance (DeFi) has been cooling off as cryptocurrency investors turned their attention to the profits and promises NFTs and the metaverse were promising. In turn, sucking the liquidity out of DeFi protocols. However, with Q3 approaching, liquidity is returning to the DeFi space with medium cap coins like Tron (TRX) maintaining a huge 24-hour trading volume of $2.5 billion. With confidence and liquidity returning to the DeFi markets, Mountanaz (MNAZ) is set to flourish, offering a great opportunity to get involved with a project before it is listed on major exchanges in Q3 2022.
Where will Mountanaz find its peak?
Mountanaz is looking to address the shortcomings present in the Decentralised Finance markets. Many DeFi orientated blockchains do not offer a cross-chain function 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 is also built on the Binance Smart Chain, BSC for short. Transactions on the BSC are far superior in both speed and cost to the Ethereum network which has been the greatest problem facing DeFi adoption.
The BSC can also cooperate with the Ethereum Value Machine meaning Decentralised apps (Dapps) built on the BSC such as MNAZ can integrate with Dapps built on the Ethereum network. Thus Mountanaz receives the benefit of the safety and decentralisation of Ethereum without facing the excruciatingly high transaction fees and waiting times. For anyone questioning if the BSC is a less recognised blockchain than Ethereum then fear not. It has the 3rd highest total value locked and supports the most superior centralised exchange in the world – Binance.
Will Tron’s stable coin announcement stir up enthusiasm for DeFi?
Tron (TRX) has recently announced that it is launching a decentralised and algorithmic stable coin, USDD. A stable coin is ultimately a cryptocurrency dollar pegged to the value of 1 US Dollar. Launces of stable coins have been coinciding with very strong investor confidence with Terra Luna by far taking the lead in this space. If you’re an investor in crypto and you didn’t catch Luna on the way up, you are joined by a wealth of others who also feel the intense FOMO that terra Luna has established in the market.
Could Tron pull a Luna and reach for the stars?
Up roughly 22% since the announcement of its stable coin, Tron is certainly outperforming the market at the moment. With a 24-hour trading volume of roughly a third of its market cap, the liquidity surrounding TRX is extraordinary. When trading volume is so high around a medium cap coin it generally suggests that interest in the coin is extremely high. It wouldn’t be surprising if TRX went on to make some impressive gains in the near to medium term.
Avalanche, the forgotten glacier of Layer 1s?
‘Solunavax’ was the narrative of 2021. Where Avalance (AVAX), along with Solana and Luna, went on to make very impressive gains. For anyone wondering, between January and November 2021, it climbed just under 5,000% in valuation, reaching a summit of around $146.50.
With blindingly fast transaction times and gas fees fractional to Ethereum’s, Avalanche’s current price of $61.40 seems like the bargain of the century. It just recently hit a low at $55.25 and the bottom of this correction could well be in. With some of the strongest fundamentals in the DeFi space and a high TVL, AVAX is a guaranteed winner over the coming months and years. When the Avalanche inevitably comes, you best be prepared!
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