The Defi sector mentioned in today's article has basically been silent for a long time. The SOL, UNI, and AAVE tokens in the sector may perform very well in the second half of the year.
This article is originally compiled by Binance Square creator [Crypto Chuan Shuo]. Please do not use this article to publish on Binance Square. Violators will be prosecuted!
1. Defi; What is decentralized finance?
DeFi, the full name of which is "decentralized finance", is an emerging financial model based on blockchain technology. Different from the traditional financial model, DeFi achieves autonomous governance and asset management through smart contracts, which is not controlled by centralized institutions. At the same time, it also greatly reduces the intermediate links and operating costs, and realizes a more fair and secure financial system.
Defi strong coin ranking:
BTC (Market Leader)
Everyone knows it, so I'll just introduce it casually.
As the first generation of blockchain currency, BTC has become an indispensable part of the DeFi sector due to its leading technology and brand effect. With the continuous advancement of Bitcoin's Layer2 expansion plan, BTC will also play a more important role in the DeFi field.
ETH (Altcoin leader)
Everyone knows it, so I'll just introduce it casually.
Ethereum is the most popular underlying public chain for DeFi applications, with a complete infrastructure and a prosperous ecosystem. Since Ethereum has abundant smart contracts and developer resources, it has high application value in the DeFi field.
UNI (Chinese name: Unicorn 🦄️)
Situation introduction: From the highest point of the last bull market to the current price; the current decline is more than 90%. It has fallen back to the previous shock consolidation range. The average price of large investors and market makers has stabilized. Optimistic about the performance of the Defi sector in the next bull market! UNI has initially established a rebound of 275%. The currency price is 19.5.
AAVE
Situation introduction: As shown in the figure below, aave is currently in the 5th wave rebound trend of the right triangle oscillation range. However, the upper lead of the weekly line is very long, and the market funds feedback that the upper funds are under strong selling pressure. If it can successfully break through, the minimum return rate in the medium and long term will reach 70%. The real target of the next bull market will be around 200. A coin worth paying attention to!
SOL (Chinese name: Sola)
Situation introduction: SoL has fallen too far from the high point of the last bull market and is oversold. The current price is above the Ema20-day moving average. Market funds are gradually recovering. SOL is a good currency in the Defi sector in the next bull market that I personally think is good; for current medium and long-term holders, the target price is around 58. The minimum increase can reach 150%! Based on the current price of $26 as a reference.
SNX
SNX is a digital currency based on Ethereum blockchain technology. Its full name is Synthetix Network Token. As an important part of the decentralized finance (DeFi) ecosystem, SNX aims to achieve transparent, fast and cost-effective asset trading and management.
YFI
YFI is the YearnFinance token, a decentralized wealth management protocol. It provides users with a variety of DeFi products, such as automated market making, mobile liquidity, etc., and gives the community greater voice and shared profits through protocol governance.
COMP
Compound is a decentralized lending protocol that allows users to make unsecured loans and deposits, and automatically balances interest rates across different asset loans and savings pools in a decentralized manner.
MSEK
Maker is a decentralized stablecoin protocol that allows users to obtain a corresponding proportion of stablecoins by pledging assets such as ETH. Its governance mechanism and token calculation method are quite unique and are considered a major innovation in the DeFi community.
AVAX
Avalanche is an emerging public chain. Its high performance, low cost, and interoperability make it easy for DeFi application projects to be built on it. AVAX tokens are also widely used in staking and platform governance. #sol #uni
Regarding today's article, SOL, UNI, AAVE. I am still optimistic about the future of these three coins. They are worth holding. Thank you for your attention. If you think the content of the article is helpful to you, you can like, forward and follow it to show your support. Thank you.