The decentralized finance (DeFi) space of the cryptocurrency market has been experiencing exponential growth even with the crypto winter experience that plagued this trading year. Most of the new cryptocurrencies that launched and the yet-to-launch ones all boast DeFi-related applications, and it’s clear that in a few months, the 1% statistics of DeFi users will exponentially increase.
This promising prospect of more DeFi accessibility for users and the potential growth it will add to decentralized finance (DeFi) in the crypto space makes having the right DeFi-related asset in your portfolio vital. It’s a way to ensure you don’t miss out on any profitable return the prospective growth can bring to DeFi-related assets.
However, over 1000 DeFi-related assets are available in the market, and it’s impossible to monitor and analyze them. This article brings you three of them with promising prospects to focus on. They include PancakeSwap (CAKE), Theta Network (THETA), and the new meme coin with beneficial DeFi utility, Big eyes (BIG). We review them below:
PancakeSwap is a growing BSC-based decentralized exchange (DEX) platform that provides users with DeFi utilities which include liquidity provision via farming, tokens exchange, etc.
The decentralized finance (DeFi) platform utilizes an automated market maker model using liquidity pools. Users can earn from the platform through liquidity provision and staking. You can also earn from lotteries and win NFTs that can be traded for CAKE and stored in the wallet.
While PancakeSwap has multiple tokens, CAKE is the major one. The BEP20 token incentivizes liquidity provision to the platform’s liquidity pool and other earning opportunities.
The token is currently on 600K+ watchlists, with holders hoping that it can move from its less than $5 current market price to a region around its all-time high of $44.18 in the previous year. Analysts are optimistic about it reaching a double-figure market price in the coming months but can’t guarantee it will reach its peak price.
Theta Network (Theta)
Theta Network is another DeFi-related crypto asset with upward potential. The blockchain network is solely created for video streaming. The decentralized video streaming network allows peer-to-peer sharing of bandwidths and computing resources while ensuring content creators earn more revenue.
Theta Network is committed to its goal of improving the video streaming industry by being a better alternative to the high-cost and existing centralized platforms with poor infrastructures.
Theta Network aims to implement the concept of decentralized finance (DeFi) to video streaming, increasing its adoption potential.
The video streaming network has two native tokens running on its native Blockchain. The THETA token is the most popular with utilities outside the network. It’s one of the top 50 cryptocurrencies on Coinmarketcap with a $1.2+ billion market capitalization.
Theta peaked at an ATH of $15.90 in April 2021, barely a year after hitting an ATL of $0.03. Analysts believe it could rally back to a point above $10 in the coming months as the crypto winter recedes, ushering in the bull market.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) DeFi-related utility makes it a unique meme coin. It stands out from other meme projects with little or no utility. The new cryptocurrency aims to increase DeFi adoption amongst individuals, putting in place mechanisms and features including DEX, learning aids, contests, and NFTs applications to ensure this.
It’s uncommon to find a meme token with this much utility and use cases, which is why analysts are optimistic about its adoption potential and overall market run. Big
Eyes Coin (BIG) will make opportunities available in DeFi available and accessible to users seamlessly, without compromising its meme nature.
Market analysis experts are tipping it to have a great run in a bull market rally and have strong optimism about its potential to experience exponential growth like Shiba Inu (SHIB) and Dogecoin (DOGE). With a team of committed developers and a supportive community, analysts’ predictions look more likely to occur.
Thus, joining the token’s presale at an early stage could make you one of the early beneficiaries of its predicted profitable run in the market. Find more about the new cryptocurrency here.