Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I will tell you about the "Cryptocurrencies Entering My Radar" as a result of my investigations.
What is written in this article is not investment advice. I share my thoughts with the information we gathered from my reviews.
Recently, it has been attracting reactions due to the excessive gas fees. In my previous article, I explained how important Ethereum is. The new developments announced will reflect positively on Ethereum. What are these developments?
Fewer transaction fees, less supply
The Ethereum Development Proposal (EIP-1559) will be active in July. With the proposal, the transaction costs on the Ethereum network will be significantly reduced. It will also reduce the Ethereum supply.
For this reason, there is a serious pricing expectation. My expectation; $ 3500 in this bull season
Chainlink reduces transaction costs ten times with its Off-Chain Reporting (OCR) system update. This development strengthens its strong position in oracle solutions.
It rose from $ 3 to $ 55 in a month with the start of the new year.
The Avalanche difference ...
Avalanche does not have an owner. Avalanche is not under the control of one person or group. Avalanche does not work under a community as management. It is a platform designed for everyone to have a say. This indicates a high degree of decentralization.
Thanks to the subnets that provide verification processes, it makes the processing mechanisms of the chain faster and more reliable. Avalanche has high processing speed. While 7 transactions can be done per second for Bitcoin and 14 transactions per second for Ethereum, 6500 or more transactions can be made per second with AVA.
It is currently around $ 25 as a result of profit sales. Avalanche, which is constantly improving its ecosystem, should be followed.
BAND PROTOCOL (BAND)
It is Chainlink's biggest competitor. Band Protocol is allegedly participating in the initiative called OpenAPI. Stakeholders of the OPENAPI initiative are IBM, Google, eBay and Bloomberg. Band Protocol will provide technical support for data flow between APIs and blockchains within this initiative.
In this bull run, he could not make the desired explosion in his first wave, but the explosion is soon ...
With the full support of Binance Smart Chain, it soon became the nightmare of its rivals, UNI and SUSHI.
As the number of projects entering the BSC ecosystem increases, its popularity will increase even more. Especially the high transaction fees on the Ethereum network benefited PancakeSwap. It attracts investors like a magnet with its services such as Trader, Farms, Pools, and IFO.
Source by Defistation
As I always said, listen to everyone, decide for yourself ...
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