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TOP 5 DeFi Tokens with Highest ROI for 2020

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The past few years have proven cryptocurrencies to be a massive returning digital asset in terms of investments. The cryptocurrency market is volatile and the top 10 cryptocurrencies have never changed the ranking for the past 11 years now.

This makes it one of the best investments to get the highest possible returns. In 2020, when everyone is looking for Digitalization, Secure store of value, microtransactions, and smart contracts, Defi becomes all the way more important.

Today we will be sharing some of the Defi tokens which have the highest returns. But before we get into them let us understand DeFi.

What is DeFi?

To sum up you can define DeFi (Decentralized Finance) as a universe of decentralized application which enables the use of financial goods or service across the crypto asset exchange, doing Algo trading, lending and borrowing in the market, making synthetic assets, etc.

The thing that people really love about DeFi is that anyone having access to a decent network connection can use it.

Why invest in DeFi?

DeFi has been a very fast growing space in the crypto universe. But Still, there’s an ample amount of scope as the market has not yet saturated and the volume of DeFi ecosystem has still not surpassed the general crypto market.

Thus, by far DeFi has gained more or less a positive media reach and even more praises as the latest way of lending, borrowing, and saving.

Not only this DeFi has a lot to promise and has fulfilled some of it which is clearly visible the strong growth of some DeFi based tokens seen in the last few months of 2020.

Also, if you are not someone who is in for the long run, don’t worry. Some of the popular apps in the DeFi ecosystem have shown really good gains even in the short run let alone the long run.

If you want an example, the best here would be Aave. Aave is a London based DeFi lending platform and it overperformed the bitcoin in the second last week of June with a 66.46% gain over the week.

If you have a look at this chart you can see the returns over the span of last 7 days, 30 days, and 90 days. (Data recorded on June 22, 2020)

(source: cointelegraph)

Having talked about most of the necessary knowledge, let us now actually have a look at the top 5:

Top 5 DeFi Tokens with highest ROI:

  1. AAVE

Aave is a platform that helps you earn interest on your deposits and assets. They were initially set up as a P2P lending model but now they have switched to the pool based model.

It is similar to an ABS (Asset-Backed Security) wherein a user deposits its funds in the pool of assets and this can be borrowed by anyone by depositing a token as collateral.

Aave is becoming an increasing popular DeFi lending protocol which is open source and a non-custodial protocol that helps in value creation in the money markets. The AAVE (LEND) operates on the Ethereum platform.

The current total supply is over 1,299,999,941.703. The price of Aave as of June, 11 is $0.185656 USD. There has been an upward trend in the token since its inception.

Currently, it is traded in over 26 active markets and amounts up to were $7,673,154.183 traded over the last 24 hours (June 11, 2020). Users can also earn interest on the deposits and can also borrow assets. To learn more click here –

AAVE.

  1. Kyber Network Token

KNC allows anyone to swap their tokens in almost an instant without having the pain of going through exchanges.

The advantage Kyber Network Token has is that it allows its vendors to accept deposits in any form of cryptocurrency at the same time still getting the money out in their favored cryptocurrency.

Initially, it was built mainly for Ethereum, however, any smart contact-based DeFi can use it without issues.

Kyber has made its mark in being known as the liquidity infra for DeFi. It aggregates various sources into a single pool for liquidity and thereby providing the users for some of the best available rates.

Transaction on Kyber is fully based on-chain and is therefore completely verifiable and transparent. As of June 11, the last 24-hour trading volume is $86,858,497.

The supply in the market fluctuates in and around 180 million coins and 211 million coins. You can use block explorers to explore the address and the transaction details.

Some of which that can be used are etherscan.io, blockchair.com. If you want to explore more, you can visit their website by clicking this link-

KYBER

  1. Elrond

The Elrond Network and the token ERD are made to provide thoroughly high performance along with the super-fast and high levels of scalability and interoperation facilities. Just like any DeFi, it primary goal is to provide a decentralized network with superior performance.

The goal is to compete with centralized ones with a more equal stratum. Their ideologies have made them come up with some high-level custom technologies named as Secure proof of Stake consensus mechanism and Adaptive State Sharding

Elrond’s price as of June 11, 2020, is $0.01225727. Along with that, the 24-hour trading volume is whopping $81,005,850.

ERD is currently performing really well with prices up by 37.2% in the last 24 hours (for June 11, 2020). There is a supply of 14 Billion coins and the highest supply of 20 Billion coins and it hovers in between.

Elrond is most traded on Binance. If you want additional info visit https://elrond.com

  1. Bancor Network Token

Bancor network allows users to convert different virtual currencies and tokens via its blockchain protocol in an instant without having to take them the hassle of using crypto exchanges like Coin Base unnecessarily.

Bancor enables automated and decentralized exchange across the blockchain network. The protocol is specially designed to provide liquidity as well as perform peer to peer trades in a single transaction without having any counterparty.

Till now bancor has been traded in over $2 billion in trade volume in the form of thousands of tokens and millions in fees which is generated by the speakers. The supply hovers in 66 million to 69.1 million coins.

You can use block explorers to explore the address and the transaction details. Examples of some that can be used are etherscan.io, and ethplorer.io.

If you want to learn more about bancor, click below to visit their website

BANCOR

  1. Synthetix Network Token

Synthetix ensures the issuance and trading of the so-called synthetic assets via its derivatives liquidity protocol.

Their network system can handle any asset that has transparent pricing and has the ability to provide on-chain exposure to the assets of the real world.

Synthetix Network Token price as of June 11, 2020, is $2.88. The last 24-hour trading volume for June 11, 2020, is $25,722,948.

The circulating supply is in between a minimum of 110 Million coins and a max supply of 193 Million coins. SNX is currently most traded on the Binance market.

You can use block explorers like ethplorer and blockchain to learn about addresses and transactions. For information about Synthetix, you can visit the below link to know more –  

SYNTHETIX

With that, we come to the end of out list.

Conclusion

I hope you liked our list of DeFi Tokens with High ROI. With that, you must note that investments are always subjected to market risk and volatility.

It is essential to study the market thoroughly before making any informed decisions. The DeFi tokens provided in the list had some of the best last 1 year returns.

If you still have any doubts or want some suggestions regarding investment decisions, feel free to drop a comment down below and the CoinTikka team will help you out as soon as possible.

A small reminder If you have not joined our community yet, then please do join on any of our social media channels. We update them regularly with interesting facts and news. We are available on the following platforms.

Loved reading this post then do share it with your friends on Facebook and Twitter.

Here are a few hand-picked articles for you to read next:

Source: https://cointikka.com/top-5-defi-tokens-with-highest-roi/

Blockchain

Cryptocurrency could revive Latin America

Cryptocurrency trends suggest that within 10-years Latin America’s economy could completely transform. Latin America’s crypto trading scene is booming with Brazil yards ahead of everyone else, followed by Venezuela, Argentina, Mexico and Colombia. Many Latin Americans depend on DAI and USDC stable coins to save and in Mexico, 5% of the U.S. remittances came from […]

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  • Cryptocurrency trends suggest that within 10-years Latin America’s economy could completely transform.
  • Latin America’s crypto trading scene is booming with Brazil yards ahead of everyone else, followed by Venezuela, Argentina, Mexico and Colombia.
  • Many Latin Americans depend on DAI and USDC stable coins to save and in Mexico, 5% of the U.S. remittances came from Bitcoins.

Cryptocurrency could revive Latin America

Cryptocurrency could revive the Latin American community. Current trends from digital payments such as Bitcoin in the case of Latin America suggest that within 10-years Latin America’s economy could completely transform.

Chain analysis released data showing cryptocurrency usage increasing in Latin America. Latin America’s crypto trading scene is booming with Brazil yards ahead of everyone else, followed by Venezuela, Argentina, Mexico and Colombia.

Many Latin Americans depend on DAI and USDC stable coins to put away their savings and in Mexico’s case, 5% of the U.S. remittances came from families sending over Bitcoins.

Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge

The figures here show how P2P trading has risen in contrast to the depreciation home currency.

One key factor contributing to cryptocurrencies popularity is the lack of access to financial services. The permissionless payments and reputation based digital identities are filling the financial service whole.

Digital services make it easier for people to transact both regionally and globally and use a QR code or online signature to prove their identity.

What the future of Latin America could look like

The potential growth of the online world in Latin America could help serve the underserved community in multiple ways. The innovation could also inspire innovators to host their classes online and allow people to pay from anywhere in the world using Bitcoin.

Such out of the box thinking would be nothing new as Latin America is leading the world in mobile phone usage and development so, are more likely to operate online.

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Analysis: ETH Miners Begin Selling as Twitter Sentiment Turns Bearish

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Recent data revealed that Ethereum miners have disposed of significant ETH holdings following the latest price jump towards $420. Additionally, the Twitter sentiment has turned rather bearish for the second-largest cryptocurrency after the consequent price drop.

ETH Miners Initiate Sell-Offs?

Ethereum miners, the lifeblood of the current proof-of-work consensus algorithm behind the Ethereum blockchain, have perhaps gained the most from the ongoing decentralized finance craze.

As CryptoPotato reported recently, they made a total of $166 million in fees in September alone. This was a new monthly all-time high and about six times more than Bitcoin miners.

ETH Miners Behavior. Source: Santiment
ETH Miners Behavior. Source: Santiment

As far as their balances go, they began accumulating larger portions precisely at the start of September, as the graph above illustrates. Apart from a few brief drops in their holdings, the trend continued until a few days ago.

However, as ETH’s price surged to a 7-week high of $420, miners changed their minds. The data analytics company Santiment highlighted the massive drop of ETH miners’ holdings.

Interestingly, those sell-offs coincided with ETH’s price peak. Since then, the second-largest digital asset by market cap has lost some steam and currently trades below $400.

Further Losses To Come?

Despite being one of the best-performing assets since the start of the year, Santiment’s data suggested that Ethereum may be heading even further south. Apart from miners disposing of their ETH coins, the analytics company said that the traders FOMO and the increased on-chain activity visible recently have slowed down.

Additionally, the Twitter sentiment has turned against Ethereum. Somewhat expectedly, the sentiment performs in correspondence with the price most times. For example, when ETH dipped to about $300 in September, the metric remained in negative territory for weeks.

Contrary, when ETH started pumping, so did the sentiment. Now, the trend has reversed after a sharp spike. The analytics company concluded that since the crowd sentiment has flipped back into bearish territory, the ETH token could be in for further short-term price declines.

Ethereum Twitter Sentiment. Source: Santiment
Ethereum Twitter Sentiment. Source: Santiment
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Source: https://cryptopotato.com/analysis-eth-miners-begin-selling-as-twitter-sentiment-turns-bearish/

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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[PRESS RELEASE]

Boca Raton, Florida, ChainWire – October 27, 2020 Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights.

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom.

meta1

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty.

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions are dropped or settled. If similar actions were perpetrated by non-governmental entities, there would be a basis for legal claims and damages, however government agencies are shielded by sovereign immunity laws which generally protect them from lawsuits.

Since legal actions by government agencies are sporadic, as they often involve disparate parties and lengthy investigations, the cumulative effect of their efforts is usually not seen by causal observers. META 1 will collaborate with other cryptocurrencies who have been targeted for baseless legal claims by government agencies to develop a class action-level case file that will demonstrate the cumulative actions of government agencies in an easy-to-view, compiled format.

META 1 Coin Trust will form a commission, in partnership with other cryptocurrencies, to formally research and study the results of findings via expert interviews and legal research. Once the findings are documented, legal counsel will be consulted about possible class-action efforts to potentially seek remedies from cumulative damages incurred as part of a clear pattern of targeted abuse and persecution.

Dunlap added, “We hope that government agencies will notice our efforts to highlight their unfair targeting of cryptocurrencies, so they stop these unethical tactics and allow the crypto community to live and conduct business in peace without the threat of constant harassment. We respect governments’ need to ensure law and order and to protect people’s safety. At the same time, we expect governments to also respect the individual liberties and livelihoods of law-abiding people, which is currently the issue we’ll be investigating.”

META 1 encourages any cryptocurrency issuers or coin holders who have been subjected to government agency actions in the past to contact META 1 to be a part of this study, via the company’s website contact page at:

www.meta1.io/META1Contact

About META 1 Coin Trust:

META 1 is an asset-backed cryptocurrency that was founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances the cause of human rights and leads the fight against excessive government regulation and overreach in the jurisdiction-less ecosystem of global cryptocurrency.

META 1 is also a socially conscious company that envisions a future filled with abundance and prosperity for humanity instead of overreaching lockdowns, taxation and regulations.

For more information about META 1 Coin Trust, visit: www.meta1.io

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Source: https://cryptopotato.com/meta-1-coin-trust-announces-commission-to-study-global-persecution-of-cryptocurrency-projects/

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