Crypto Around The World: May 7 Review
Weekly Crypto Picks
Prosper (PROS), Falcon Project (FNT), Polkastarter (POLS), DAOVentures (DVG)
The overall cryptocurrency market is undergoing a massive rally with Bitcoin (BTC) hitting its new all-time high above $56,000 becoming the first trillion-dollar cryptocurrency asset class in the world.
The overall crypto market cap has also crossed $1.7 trillion for the very first time. As the bulls ultimately get a strong grip[ over the crypto market, here are some of our weekly crypto picks.
Based on the Binance Smart Chain (BSC), the Prosper platform is a short-term non-custodial prediction and hedging platform for retailers. Unlike other crypto prediction trading platforms, Prosper gives users customizable features along with other features like fiat integration, cross-chain support, and on-chain liquidity aggregation with stable coin support.
Prosper solves the major problem i.e. a lack of liquidity in the crypto prediction market by implementing the binary models of liquidity provision. The Prosper prediction platform leverage Chainlink (LINK) oracle to get the most accurate price feeds.
The unique feature about Prosper is its insurance fund. With PROS as its native crypto token, it secures some reserve tokens from the users’ prediction amounts. Each pool thus gets its own insurance and further distributed to users who have lost their prediction.
The PROS cryptocurrency has registered a stellar growth so far in 2021. The PROS price has been on a parabolic surge with ~1400% gains year-to-date. At press time, PROS is trading at $5.49 with a market cap of $21.56 million.
Falcon Project (FNT)
Decentralized financial project Falcon is an ecosystem comprising two completely interchangeable blockchains. It leverages the power of simplicity, speed and convenience with an Ethereum-based ERC-20 FNT token.
Along with this, the Falcon Project also combines the privacy of an anonymous blockchain. The third benefit is high-yield vouchers. Thus, the Falcon Project (FT) offers a complete ecosystem with solutions of usability, yield, and privacy.
-Use the ERC-20 FNT Token for everyday transactions. Besides, users can also source the FNT/ETH to liquidity pools and receive weekly rewards in FNT while making their tokens work through the Falcon crypto DeFi ecosystem.
– Leveraging the limited issue DeFi voucher and the Proof-of-Hold passive staking technology, token holders can receive 40% per annum in FNT tokens.
-Users can also participate in joint Stake pools for the Proof-of-Concept (POC) mining of FNC Coins.
The price of FNT Tokens has shot 20x over the last week. At press time, Falcon Project (FNT) is trading at $0.0049 with a market cap of $19.3 million.
Polkastarter has emerged as one of the most popular protocols for cross-chain actions and token pools. The platform offers the launchpad for projects to raise money in a transparent and decentralized environment supported by the popular blockchain network Polkadot.
The platform hosts a range of different pools to which users can extend their support. Being a completely decentralized platform, Polkastarter has its own Council of Governance that ensures a fair, independent, secure and credible project listing process.
Polkastarter (POLS) has also been making inroads to the decentralized finance (DeFi) market by sourcing POLS liquidity. In its latest UniSwap Liquidity program, Polkastarter has announced a reward of 70,000 POLS.
The Polkastarter (POLS) price has skyrocketed 10X so far in 2020. The POLS price touched an all-time high of $7.12 with its market cap going past $275 million.
DAOventures allows users to invest and manage their entire DeFi portfolio with ease and simplicity, The platform aims to expand the DeFi ecosystem while making it absolutely easy to use DeFi services and thus drive adoption to the masses.
DAOventures aims to provide cross-chain integrations in the future. However, it will be initially powered Ethereum and Polkadot blockchains with the plan to integrate additional networks in the future. Below are the three main features of DAOventures:
–Explore: DAOventures makes it extremely easy for users to explore and evaluate a bunch of DeFi assets in the market. Thus, users can browse curated products, check historical returns, and do much more.
–Approve: Users can interact and approve smart contracts individually without the need to transfer funds. Unlike other centralized exchanges, DAOventures don’t hold funds for anyone. Rather it lets DeFi provide self-custody to everyone.
–Monitor: The DAOventures blockchain provides absolute transparency allowing users to monitor their capital 24 x 7. Thus, users of DAOventures can review and optimize their portfolios with more efficient portfolio management.
DVG is the native crypto DeFi token of DAOventures. After its recent listing on February 15, 2021, the DVG price has headed south. Currently, DAOventures (DVG) is trading at a price of $3.44.
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