The crypto market is suffering through unprecedented times right now as it is going through a major dip. With all coins down right now, investors are waiting to see the market rise again. Although it is likely to rise sometime soon, it is unknown exactly when to expect this.
During this time, many crypto enthusiasts are considering the different sectors to invest in. DeFi (decentralised finance) is one of the more significant sectors to consider investing in, as it is inevitable for DeFi to be a new way forward for the financial and crypto world. The main DeFi projects to consider are Fantom (FTM), Holo (HOT), and RoboApe (RBA).
What Is Fantom (FTM)?
Fantom (FTM) is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. Working with its token, FTM, Fantom aims to solve transaction speed issues when it comes to smart-contract platforms.
Tackling this issue at the core, its high-speed consensus mechanism, Lachesis, allows digital assets to operate at high speeds and delivers significant improvements over the current systems.
Where other platforms sacrifice security and decentralisation in favour of scalability, Fantom ensures to provide all of these things.
Additionally, Fantom has various benefits for its users:
- Uses a proof-of-stake model ensuring high levels of security.
- Open-source and open-participation: anyone can use it.
Fantom is doing well and has a lot of benefits for its users as mentioned above, so it’s one to consider, especially if you are looking for a DeFi project.
What Is Holo (HOT)?
Holo is a peer-to-peer distributed network for hosting decentralised apps produced with Holochain, a dApp development framework that does not rely on blockchain technology. It aims to serve as a bridge between the internet and apps built using Holochain, creating an ecosystem where dApps are easily accessible.
Designed to be as decentralised as possible to reduce the risk of providing one entity with too much power, the connection between hosts and applications is encrypted end-to-end.
Also ensuring security and safety, Holo ensures that each dApp has its own set of validation rules, so when data is transmitted across multiple nodes, random peers act as validators, verifying that it follows the correct rules.
In terms of security, reliability, and decentralisation, Holo is a great project to consider when it comes to investing in a DeFi project. Targeting specific issues and ensuring its decentralisation, HOT holds a lot of potential.
Is RoboApe (RBA) The Better Option?
Differentiating from Fantom and Holo, the RoboApe token is a meme coin that is designed to take over the crypto space, with a diverse set of services built for the community. Starting with the RBA token, it aims to provide a DeFi platform for meme and crypto enthusiasts.
With a more fun approach, RoboApe offers various features such as gaming, NFTs, and more. This is good for investors as they can be part of a strong community whilst earning money, and taking part in games and events.
Additionally, there is an educational service that is free of charge for users to learn about all things crypto. This is great as RoboApe targets crypto enthusiasts as well as beginners.
Currently, in its presale, there is a lot more to come from RoboApe so keep your eyes peeled as this DeFi project looks very promising! And it could rival giants Holo (HOT) and Fantom (FTM) in the future.
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