#deficoin

Aave (AAVE) Rallies 20% in 24 Hours DeFi liquidity protocol Aave has been surging in recent weeks after launching on the ETH sidechain Polygon in April. The Polygon sidechain is designed for scaling and infrastructure development on Ethereum. It allows the Aave protocol to offer services without charging gas fees. Since switching to the ETH sidechain, Aave’s native token (AAVE) has seen a remarkable increase in adoption. The token has gained over 22% over the past 24 hours to trade for $526.99 currently. Moreover, data from a Dappradar report published on April 27 showed that Aave transactions on Polygon rose by 50% in seven days, while the number of unique active wallets jumped almost 20% to 2,800. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #aave #aavecoin #deficoinprice #deficoinit #deficoin #deficoins #defi https://www.instagram.com/p/COyU6wwgIgD/?igshid=9lrpvekiaz3u

Splyt (SHOPX) Anaylsis Splyt is a Polkadot-powered NFT infrastructure focused on simplifying the existing eCommerce supply chain. The platform simply assigns a special eNFT to every inventory just like the unique SKU number items on an eCommerce platform. After every inventory item has received its unique eNFT, the brand will assign a bounty for the eNFT therefore, creating an opportunity for affiliate marketing. Immediately a purchase is made, the brand delivers the item while the buyer receives an eNFT as proof of payment. Achievements 🤝Our latest partnership @bigcoinvietnam with 🤝 Splyt is partnering with Bigcoin to expand our ever-growing ecosystem and extend our reach, the team at Splyt ($SHOPX) have secured a strategic partnership with Bigcoin Capital. Popular luxury eCommerce platform Maison Du, now makes use of Splyt’s eCommerce protocol. Splyt also recently partnered with Master Ventures and has disclosed plans to launch on PAID Network’s Ignition. The platform, on March 24, announced a strategic partnership with top Chinese venture capital and investment firm LD Capital. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #splyt #shopx #deficoinprice #deficoin #nftcoin #nfts #nftcollectors #nftcommunity #nftcoins https://www.instagram.com/p/CNKg2S5A00o/?igshid=1lyeoofi71zi7

AKROPOLIS ANALYSIS AKRO/USDT The DeFi space is crowded and projects will have to think out of the box and introduce attractive products to stay ahead in the game. However, for the past few weeks, there have not been any major announcements from the Acropolis (AKRO) team. High Ethereum gas fees continue to be a burden on users and that may have taken a toll. These could be some of the reasons why the protocol's TVL is only at $37.31 million, according to a weekly update on March 31. The team did mention that it is working on new vault strategies but it did not dish out too many specifics. In a bull market, almost everything rises, but projects that do not have a distinct advantage over their competitors struggle when the next downturn happens. Therefore, crypto investors should analyze the fundamentals of the projects and hold the ones that offer an edge over the others. AKRO has risen from an intraday low at $0.042 on March 25 to $0.088 today, a rally of 109.50% in eight days. The token’s break above $0.072 completed a bullish ascending triangle pattern that has a target objective at $0.127. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #akropolis #akro #deficoinprice #deficoin #deficoins #defi #akropoliscoin https://www.instagram.com/p/CNJq4u3AC33/?igshid=tx65gdlrptbi

THORChain ANALYSIS RUNE/USDT The decentralized finance boom has attracted numerous new players. However, one of the problems facing investors is that the protocols are built on different blockchains. This necessitates the need for a cross-chain protocol, enabling traders to swap tokens across the blockchains in a decentralized way and THORChain (RUNE) is attempting to do just that. On March 26 the protocol teased that its multichain Chaosnet, which supports native cross-blockchain swapping across five chains is expected to go live soon. This feature could attract several new investors who may lock their assets in THORChain for greater yields. If that happens, the total value of assets locked in THORChain could surge from the current $553 million TVL and add further benefit to RUNE investors. Successful implementation of this feature could increase the demand for RUNE. On Feb. 23, Crypto investment firm Multicoin Capital also revealed a large position in RUNE. RUNE rallied from an intraday low at $4.50 on March 25 to an intraday high at $8.93 today, a 98.44% rally in eight days. However, the long wick on today’s candlestick suggests profit-booking at higher levels. The RUNE/USDT pair may retest the breakout level at $6.76. If the bulls can flip this level to support, it may act as a launchpad for the next leg of the uptrend that may reach $10.26. The upsloping moving averages and the relative strength index (RSI) in the overbought zone suggest bulls are in command. If the bears sink the price below $6.76, the pair may drop to the 20-day exponential moving average ($6.24). A bounce off this support will indicate the sentiment remains positive and it may keep the uptrend intact. This positive view will invalidate if the bears sink the price below the 20-day EMA. Such a move could pull the price down to the 50-day SMA ($5.36) and then to $4.50 Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #thorchain #rune #deficoinprice #deficoin #deficoins #defi https://www.instagram.com/p/CNJp64KgBfu/?igshid=5x2n1f4s3rp0

Xend Finance – Africa’s First DeFi Platform Takes Off In a first for the African continent, Xend Finance, a Nigeria-based decentralized finance (DeFi) platform, has launched their mainnet. The platform allows users to create cooperatives, as well as Esusu groups, a traditional method by which Africans rotate savings. Founded in 2019 by Aronu Ugochukwu and Abafor Chima, Xend Finance is a decentralized finance (DeFi) platform that provides tools and outlets for a DeFi credit union. According to reports, Xend Finance is backed by Binance, Google Launchpad, NGC Ventures, and others. The DeFi platform is focused on tackling the issue of currency devaluation while also utilizing DeFi to bridge the gap between decentralized blockchains and financial services. Addressing the launch of Africa’s first DeFi platform, Ugochukwu Aronu, CEO of Xend Finance, noted that the project came to live as a result of currency devaluation and will assist in reducing the impact of currency fluctuation, which is a common problem in many African countries and other developing countries worldwide. Ugochukwu Aronu noted that the platform, which utilizes the Binance Smart Chain (BSC) protocol, will help organizations and individuals channel their savings into stablecoins, eliminating the current regular money devaluation. “Through our platform and Binance Smart Chain, people can channel their savings into stable currencies, without worry that their money will devalue overnight, and earn higher interest rates through DeFi. We are very excited that blockchain will have a positive impact on the people of Africa,” he said. At the time of publication, XEND is trading at $1.70 with a 24-hour trading volume of $1,010,419. By comparison, Binance Coin’s (BNB) price had risen by 13.9% in the last 24 hours and was trading at $314.24. It had a market cap of $48,354,153,921 and a 24-hour trading volume of $5,396,995,293. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #xend #xendfinance #xendfinancecoin #defi #deficoin #deficoins https://www.instagram.com/p/CNEdVXJguH2/?igshid=evkgkptc8k9w

CARTESI COIN PARTNERS WITH IOTA Cartesi join hands with IOTA to strengthen its decentralized smart contracts. Collaboratively, the team will employ a Linux-based virtual machine with IOTA oracles to design non-blockchain-based use cases. These use cases would further enhance the DeFi space, gaming, NFTs, and industrial IoT. Moreover, Cartesi is a chain-agnostic Layer 2 infrastructure that solves scalability issues of blockchains. On the other hand, IOTA is a distributed ledger created to exchange value and data between humans and machines. The IOTA network is built for the Internet of Things to enable economic relationships between machines and humans. Hence this unification enables data integrity and the invention of game-changing tools. In addition, this would also help to increase the user base of popular DeFi use cases, such as automated market makers (AMMs), gaming, and non-fungible tokens (NFTs). Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cartesi #nftcoin #nftcoins #defi #deficoin #deficoins https://www.instagram.com/p/CM3j5Jlgtlc/?igshid=ao7l0814j6rh

TIDAL FINANCE JOIN HANDS WITH POLYGON Tidal Finance partnered with Polygon (previously Matic) to provide security and insurance coverage to its ecosystem. Moreover, Tidal Finance provides insurance coverage for cross-chain assets, and its insurance market is built upon Polkadot. It also allows users to design custom insurance pools for one or more assets with high-grade security for DeFi. As per the tweet, Polygon will utilize a new layer of security provided by Tidal Finance. This will help Polygon to safeguard its ecosystem assets through mutual cover pools. Further, Tidal Finance users can enjoy low and cost-efficient gas fees with Polygon’s integration. Additionally, Polygon will add its native token – MATIC – into the Tidal risk pool. This, in turn, allows Tidal liquidity providers to earn extra returns by providing insurance. #tidal #tidalfinance #tidalfinancecoin #defi #deficoin #deficoins https://www.instagram.com/p/CM3jOTvAxox/?igshid=18ak6zbjw429o

What Makes DeFi More Disruptive than Bitcoin The blockchain industry has managed to disrupt financial markets the world over with its transparent operation and ease of understanding. Users can send and/or receive money in the form of cryptocurrency through the system with a distributed network of ledgers that keeps all transactions, contracts and accounts public, leaving no room for mediation or third-party involvement, such as governments or centralized banks. There are over 8000 currencies in circulation presently. Although Bitcoin happens to be the most talked-about one, it is Ethereum that offers more features, including relatively greater flexibility in its hosting of Decentralized Finance (DeFi), according to Bank of America. What is DeFi and Why Is It Considered So Disruptive? DeFi is a fast-growing domain of automated blockchain-based transaction, lending and trading platforms, poised to take over banks, insurance companies and Wall Street firms in the future. Short for Decentralized Finance, DeFi enables crypto-entrepreneurs to recreate conventional financial instruments in a distributed architecture without intervention from governments or companies.   With its distributed ledger technology, DeFi manages to conduct most of the functions on-chain which are otherwise discrete in fiat trading. The USP of DeFi is that it offers a global, open substitute for every financial service the world uses – savings, loans, trading, insurance and more – making basic financial services accessible to the world’s billions. DeFi offers a vast and open network for developers to create for financial activities without involving centralized institutions. It also lends an array of customizable components – protocols, digital assets, dApps and Smart Contracts – all assembled on the blockchain. The programmable and transparent financial network is open to all likewise, regardless of geographical and political boundaries Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #defi #deficoins #deficoin https://www.instagram.com/p/CMq1xdOg151/?igshid=1m82cpng8uqvr