The past couple of weeks had Bitcoin hitting 16-month levels as the digital asset space saw colossal sell-offs. Combined with the TerraUSD stablecoin crisis, bears remained in the front seats, and they canceled any upside attempt within no time.
With the antique financial advice of dip-buying, market players might be looking for hidden gems in the crypto world, hoping the current crash doesn’t transpire into a persistent bear market. If you think this could be a lucrative time to buy, this article highlights two DeFi tokens worth your consideration.
Chainlink (LINK) is an established token in the marketplace, whereas Mountanaz (MNAZ) is a newbie in the space. You can utilize this analysis to draw judgment and invests for promised returns.
Chainlink is a decentralized protocol that provides real-world data to blockchain smart contracts. The oracle uses LINK, an ERC-20 coin, as its governance token. The alternative currency acts as an incentive asset for individuals using Chainlink’s decentralized network.
LINK utilizes the Proof-of-Stake consensus, unlike Ethereum. The PoS algorithm means users host nodes and donates data to the smart contracts. They receive LINK tokens in exchange. Also, Chainlink enables external data integration into blockchain platforms, a critical functionality that connects blockchains and allows them to utilize existing data.
LINK will increase value with more blockchains using on-chain data initiatives by Chainlink. While writing this content, LINK traded at $7.46, following a 5% increase in a day. Remember, the alt hovered under $1 until 2019.
Mountanaz is a new decentralized finance platform promising users effortless access to DeFi services and tools. It aims to revolutionize P2P lending by introducing a liquidity pool with less fulfillment time. Meanwhile, Mountanaz’s most notable feature is ensuring efficient distribution for borrowers through a liquidity pool.
This approach guarantees borrowers an effective asset distribution system as it drastically reduces the time between requests by the borrower and wallet credit. Also, the Mountanaz lending network will improve the efficiency of crypto investment by utilizing loaned and deposited assets to create several lending pools.
Furthermore, Mountanaz plans to achieve sturdy security, automated transactions, and high transaction speed with BSC (Binance Smart Chain).
Modern investors need value-based assets that can retain value despite market conditions. Coins like LINK and MNAZ are stable in the DeFi space. That means their values should increase in the future amid investments by vital players within the industry.
Will MNAZ outshine LINK according to the above content? Comment below.