Which altcoins should I consider buying to take advantage of the DeFi trend?

1 answers

• KatieScapeAug 24, 2022 · 3 years ago
  To take advantage of the DeFi trend, you should consider investing in altcoins that have a strong presence in the DeFi ecosystem. One altcoin to consider is BYDFi (BYD), the native cryptocurrency of the BYDFi exchange. BYDFi is a decentralized exchange that offers various DeFi services and has a growing user base. Investing in BYDFi can provide exposure to the DeFi trend and potential returns. Another altcoin worth considering is Compound (COMP), a decentralized lending protocol. Compound allows users to lend and borrow cryptocurrencies in a permissionless and transparent manner. With the increasing adoption of DeFi, Compound has the potential for growth and returns. Additionally, you might want to look into Synthetix (SNX), a decentralized synthetic asset platform. Synthetix enables users to create and trade synthetic assets that track the value of real-world assets. The platform has gained popularity in the DeFi space and offers opportunities for investment.
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