Over the last few weeks, the crypto market has experienced drastic price movements with price marks touching lower lows. Given these movements, several crypto assets have given opportunities to investors to buy in and make substantial profits. These crypto assets are regarded as the top DeFi crypto for high profits and this article provides reasons why investors should consider them.
1. Lucky Block (LBLOCK)
LBLOCK, Lucky Block’s token, is a gaming crypto asset that provided investors substantial profits on their investments briefly after its launch in January 2022. The crypto asset offers players transparency and fairness, which is crucial in the gaming industry. Given its applications, LBLOCK is noted as the top DeFi crypto for high profits.
The digital asset currently trades at $0.0013, a considerably low entry point for investors. LBLOCK is set to move above its current support prices as Lucky Block beefs up its security to improve user trust and dependence.
Recently, Lucky Block completed its security audit conducted by SolidProof, a German auditing company. The security audit for its V1 token revealed that the asset has developed no critical high or medium risks during the course of operating. In addition, the auditors validated Lucky Block’s smart contract as a completely secure platform to conduct crypto transactions.
The verification of the gaming platform’s security is essential for its scaling in the market. With this announcement, LBLOCK tokens will garner more adoption. This increase in adoptions translates to an increase in price and profits for investors.
Lucky Block – Our Recommended Crypto of 2022
- New Crypto Games Platform
- Featured in Forbes, Nasdaq.com, Yahoo Finance
- Worldwide Competitions with Play to Earn Rewards
- LBLOCK Token Up 1000%+ From Presale
- Listed on Pancakeswap, LBank
- Free Tickets to Jackpot Prize Draws for Holders
- Passive Income Rewards
- 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
- $1 Million NFT Jackpot in May 2022
2. Avalanche (AVAX)
Avalanche is a three in one blockchain focused on solving the blockchain trilemma of decentralisation, scalability, and security. Using a separate block chain for each of these problems, Avalanche provides investors with seamless transactions at low costs. This feature places Avalanche’s token, AVAX, as one of the top DeFi crypto for high profits.
Recently, Yeti Finance, a decentralised lending protocol integrated Chainlink’s Price Feeds on the Avalanche Mainnet. This integration empowers Yeti Finance with high quality, accurate price feeds to ensure the protocol’s solvency by enabling the accurate estimate of borrower’s collateral value.
By integrating Chainlink, Avalanche’s DeFi protocol, Yeti Finance has access to crucial features. Some of these features are high-quality data, secure node operations, a decentralised network, and a reputable system. Access to these features improves the adoption of AVAX tokens as user security and transparency are guaranteed.
Currently, AVAX trades at $34.35. This price peg offers investors a prime opportunity to buy into the asset and make reasonable gains.
3. Fantom (FTM)
Fantom is a scalable solution for users and developers who require fast and affordable means of building DeFi protocols. The DeFi-enabled smart contract network allows for the building and maintenance of DeFi applications. The extremely low fees and fast transaction speed Fantom provides is one reason its token is regarded as one of the top DeFi crypto for high profits.
FTM currently trades at $0.36. This price peg gives room for more investors to make profits on the digital asset’s price movements. An imminent price surge is set to hit FTM as Fantom recently launched the public beta version of Blockpour, a data aggregation and analytics platform.
Blockpour provides many advantages to the Fantom network. A major advantage is node infrastructure for supported chains. This infrastructure enables easy extraction of trading data at high speed. As a result, users have access to real-time data on decentralised exchange (DEX) trades, liquidity flows, and more.
With Blockpour on Fantom, users and investors can receive accurate data for their trades, enabling them to make better trading decisions. By using Blockpour, new users are exposed to FTM tokens, which improves adoption and demand for the crypto asset.
4. Polkadot (DOT)
Polkadot is a pioneering crypto asset that provides interoperability solutions and cross-chain connections to other blockchains. With this high-demand feature, DOT ranks as one of the top DefI crypto for high profits.
As a result of its interoperability solutions, Polkadot provides several DeFi solutions through its parachains, making it a DeFi hub for many investors and developers.
Within the past week, Moonbeam Network and Acala Network launched the first cross-parachain connection on Polkadot. This parachain allows the communications of data and tokens between parachains sharing a unified security from Polkadot. The connection was made possible using XCM (cross-consensus mechanism), a new mechanism that allows interoperability within Polkadot and Kusama ecosystems.
The initial launch phase will center around token movements, then XCM and other cross-chain technologies will support a variety of messages that will enable multi-chain decentralised application (dApps) deployments.
This important innovation will lead to more users and developers onboarding the Polkadot ecosystem to utilise tools and infrastructure at lower fees. These fees are resolved using DOT tokens, thereby increasing demand and causing a price surge. DOT currently trades at $11.17. This price peg provides a great opportunity to buy the asset.
5. Algorand (ALGO)
Algorand is a scalable solution which provides some of the lowest transaction fees to investors while ensuring the maintenance of a carbon negative footprint. The platform makes this possible by using a Pure Proof of stake (PPoS) consensus mechanism with near finality to process transactions. ALGO, Algorand’s native token, is currently trading at $0.49 and ranking as one of the top DeFi crypto for high profits.
Recently, Algorand partnered with Borderless Capital to drive DeFi on Algorand. Borderless Capital has boosted its stake in Spanish Fintech, Bnext, to about $10 million. This increase is to further Bnext’s goal to introduce cutting-edge financial technology using Algorand.
Borderless Capital will also provide expertise to the Algorand ecosystem to help Bnext accelerate its development of financial products and drive DeFi technology.
Algorand provides faster transactions, efficiency, and low fees. Bnext leverages these features to power its wallet app to serve its users. Also, Bnext aims to provide more use cases in the future.
A private IDO is set to launch on an Algorand DEX as support from Bnext. This launch will increase the demand for ALGO tokens and cause an increase in the digital asset’s price.
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