Without any doubt, being a member of the cryptocurrency space is both interesting and rewarding. With each new day, the entire space continues to improve. If you’re a lover of innovation, the crypto space is right for you. There’s usually a constant release of new and improved tokens into the coin market. With each new release, next-generation features are added to the market landscape and introduce users to a whole new world of possibilities.
If you’re anything like me, then it means that you’re constantly looking for new ways to take full advantage of the cryptocurrency market. The best way to do this is by identifying and purchasing coins that have the potential to do well in the short-term as well as the long-term. Now, that’s the tough part. There are thousands of crypto tokens available to users. So, which of these are the best to buy?
Compound (COMP), Kava (KAVA), and RoboApe (RBA) are cryptocurrencies that everyone should consider a prosperous addition to their portfolio. Why? Keep reading to find out.
Compound(COMP). Interest
Compound is an innovative crypto project that wants to replace traditional financial institutions. This blockchain protocol allows users to borrow and lend digital assets. Through its crypto token, it also allows users to have a say in its governance through the COMP token. Compound is run on the Ethereum network. Its users can use smart contracts to run transactions.
Unlike other crypto projects that focus on being a store of value or means of payment, COMP chooses to focus on being a borrowing and lending crypto. This protocol supports the borrowing of digital assets such as Sai, DAI, ETH, Wrapped BTC, USD, Ox, Tether, Basic Attention Token, and Augur. Crypto users can use their digital assets to borrow any of these. What’s more? You don’t have to deal with the deficiencies of financial intermediaries.
If you have any of the aforementioned crypto tokens, you can send or lock them with the Compound protocol too. It’s similar to locking your funds in a savings account, and you’ll earn interest on your participation.
Kava (KAVA) – Cave In To Kava
Kava is another innovative crypto token that allows users to borrow and lend digital assets, but it functions in a completely different way to Compound. Kava is a blockchain protocol that uses multiple cryptocurrencies to support the borrowing and lending of digital assets. With Kava, you don’t need any financial intermediary to oversee the transactions. This network protocol is one of the fast-rising crypto projects out there and has brought widespread changes to the DeFi space.
Unlike most DeFi projects that run on the Ethereum protocol, Kava runs on the Cosmos ecosystem and uses the features of the blockchain to offer more functionality to its holders. Kava uses a leverage feature, known as zones, to regulate borrowing and lending on its platform. Users are allowed to obtain loans in the form of USDX. KAVA is the native token of this platform.
Robot Ape (RBA) – The True King of the Jungle
RoboApe (RBA) belongs to a new category of crypto tokens known as meme coins. It stands out from an otherwise packed-out stadium of cryptos in the same category because of the next-generation features it brings to the table. For further evidence before we take a deep dive, you can find some of the glowing recommendations it has in this article.
RoboApe is a futuristic meme token that hopes to incorporate a community-driven approach and rewarding culture to foster long-term growth. This crypto project hopes to revolutionize the existing meme sector.
There will be a RoboApe academy equipped and ready to teach people about cryptocurrencies thus increasing worldwide interest. Users will also have access to RoboApe merchandise to encourage more community participation. Furthermore, the development team plans to create an ecosystem of unique elements that will thrill users. RBA is the native token for this ecosystem.
If you’d like to learn a little more about RoboApe (RBA) and the excitement around its arrival take a look at this article.
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Source: https://thecryptobasic.com/2022/07/11/compound-comp-kava-kava-and-roboape-rba-three-titans-fight-it-out/?utm_source=rss&utm_medium=rss&utm_campaign=compound-comp-kava-kava-and-roboape-rba-three-titans-fight-it-out