Are you ready to jump into DeFi token investing? Well time is ripe to get involved in the Decentralized Finance investment. A quick look at the charts shows that the demand on the sector is on the rise. An early dive into DeFi is a good decision to diversify your portfolio.
There are many DeFi projects out there you can choose from. However, making the right decision at the right time will make your crypto investment worthwhile in the next few years. Holding all factors constant, below are some DeFi projects that look promising in 2020 and beyond.
1. Aave (Lend)
Aave (Lend) has been hitting the headlines of late and has shown a steady growth over the past few months. This is a DeFi project any investor should consider staking. The last 24 hours have seen the Ethereum based token gain 30.2% to trade at $0.743.
The token is affordable at the moment making it the best entry point into the crypto world for any investor anticipating long term gains. Billed the money market protocol, as an investor you can deposit your tokens and earn interest or just use the platform to borrow digital assets.
2. ChainLink (Link)
ChainLink (Link) is another choice DeFi backed token that has the potential for growth. Known for its scalability solution, the platform also offer fast transaction speeds at low cost. At press time the token was down by 1.19% to change hands at $15.06 in the last 24 hours.
ChainLink is an oracles based ecosystem with parallel chains. The platform connect smart contracts with real world data. With this unique solution, the Link token has been gaining traction since its launch in 2017. As a go between blockchains, the platform connects smart contracts with real world Apps making it a future value proposition for any crypto investor.
3. Marker (MKR)
Marker (MKR) might not have had a smooth ride in the market but with the DeFi craze taking root in the past few months, everything appears set for the DeFi token. In the last 24 hour trading session the coin has gained 3.82 % to trade at 661.22.
Marker (MKR) rides on the Ethereum ecosystem and works as a value stabilizer for the DAI whilst intensifying externa players. It enables the DAI value to remain at $1 making it a huge player in stablecoin sector.
If you are eyeing the DeFi market, these are my choice DeFi tokens. However, you need due diligence before jumping ship. DeFi, like any other digital asset investments comes with its risks. Make your choices based on what you can afford to lose.