The cryptocurrency market has plummeted in the last few months. However, DeFi projects like Rocketize Token (JATO) have been an anomaly, posing significant appeal recently. It appears like 2022 will be an exciting year for decentralized finance (DeFi) platforms. It is unlikely that the challenges facing the cryptocurrency industry will stop the growth of the DeFi space. The market is fast evolving, and whole ecosystems are developing around it.
Therefore, over time, cryptocurrencies like Cardano (ADA), Uniswap (UNI), and newcomer Rocketize Token (JATO), which have tremendous real-world utility, are likely to thrive. Let's take a closer look at why these cryptocurrencies might emerge as huge market winners this year.
Cardano (ADA)
Cardano (ADA) is among the cryptocurrency industry's most popular blockchain and decentralized finance (DeFi) platforms.
Nicknamed an “Ethereum Killer,” Cardano (ADA) is a more scalable, more sustainable, and interoperable blockchain intended to improve on the flaws and challenges of Bitcoin (BTC) and Ethereum (ETH).
A major criticism of BTC and particularly ETH is that their blockchains run on a proof-of-work consensus mechanism, which isn't energy efficient. ADA addresses this issue by leveraging a more energy-efficient proof-of-stake consensus mechanism.
Powered by the ADA token, the Cardano ecosystem’s native coin uses staking, a method in which network users deposit predetermined amounts of cryptocurrency in exchange for the opportunity to participate in blockchain operations (governance and transaction validation).
ADA tokens are used to pay the platform's transaction fees. In addition, it is awarded to the validators as payment for maintaining the proof-of-stake system.
Recently debuting smart contract capabilities, the network has become one of the most sought-after ecosystems with increased active DeFi project developments and launches. As a result, the volume of transactions on the blockchain has surged significantly.
Uniswap (UNI)
Uniswap (UNI) perfectly represents decentralized finance (DeFi). It is an Ethereum-based peer-to-peer (P2P) decentralized exchange (DEX) that allows users to swap ERC-20 tokens without a centralized regulatory institution.
Uniswap (UNI) is a pioneer of the Automated Market Maker (AMM) model, where users lock ERC-20 tokens to Uniswap “liquidity pools” and smart contracts (algorithms) determine market prices based on various factors, including volume, demand, and market capitalization. This contrasts with the traditional order books' standard used by huge, centralized crypto exchanges like BINANCE and Coinbase.
Anyone anywhere can supply or trade tokens and even create and list ERC-20 standard tokens. Uniswap (UNI) currently offers hundreds of tokens on its platform, offering users trading flexibility.
Additionally, users can earn UNI, the Uniswap protocol's native token, for supplying assets to its liquidity pools. The longer users hold an asset, the more UNI they will receive. In addition to rewarding devoted users, the UNI grants them governing rights. The amount of UNI a person holds determines how much influence they have.
Rocketize Token (JATO)
Rocketize Token (JATO) is a new DeFi meme token established on the Binance Smart Chain (BSC) network.
The most powerful and effective aspect of Rocketize Token (JATO) is its community, which serves as the project's emblem. Rocketize Token is in a great position to educate the general public on the benefits of the decentralized network provided by Binance Smart Chain.
Rocketize Token (JATO) strategically uses its community's potential as a diverse and ever-expanding talent pool. This is accomplished by utilizing decentralized tools and governance, which grants community members more power over their finances and decisions.
The presale launches on August 1, 2022, and carries several perks for early users, including a 60% bonus if you sign up and buy within 30 minutes of signing up. The presale will also encourage community growth via its referral program. You will earn $40 when your referral buys $100 worth of Rocketize Token (JATO).
Conclusion
The DeFi space is showing a lot of promise in the cryptocurrency market. Most analysts have predicted galactic growth in the foreseeable future. To help you profit from this portfolio-bulging industry, we have identified three projects we believe will explode in 2022.
While Cardano (ADA) and Uniswap (UNI) are already household names, new cryptocurrency Rocketize Token (JATO), is aiming to provide an innovative touch to the DeFi space. To be an early user, look out for its presale and earn exciting bonuses.
