If you’re into cryptocurrencies, then you’re probably always on the lookout for new investment opportunities. There are three coins for investors to consider if they are looking to expand their portfolio: Mountanaz (MNAZ), Huobi Token (HT), and Stellar (XLM).
Mountanaz (MNAZ) is a loan protocol that plans to destroy the traditional investment perception with the power of DeFi. Contrary to the limited access possibilities in traditional banking understanding, DeFi protocols provide full transparency to users. Based on the investments you have made in the traditional banking sector, it is impossible to know what you earn and how. Also, banks do not offer you all of the profits generated by your investment.
On the contrary, the Mountanaz protocol will serve as a platform where you can easily follow what you earn in the ecosystem by adopting transparency. Mountanaz is an Ethereum (ETH) based DeFi protocol built around borrowing, lending and earning through locked assets. The feature that makes Mountanaz different from many other DeFi protocols is that the managers plan to integrate into the DAO system when the time comes, not leaving the management to ensure that the project can be long-term.
Thus, the ecosystem will continue to receive professional support in the evaluation of the innovative ideas presented, apart from the users who express their opinions for the management.
The native token of the protocol is MNAZ, and users will be able to stake other cryptocurrencies through the exchange. All users will share the power of DeFi and be educated about blockchain. The training will be provided by the Mountanaz (MNAZ) management itself. While making a profit, it will also be possible to have information about digital assets. In addition, the project announced that it has started preparations for a major launch in the 2nd quarter of 2022 to increase brand awareness and provide access to the world.
Huobi Token (HT)
Huobi Token (HT) has no use case outside of the Huobi Global exchange. Therefore, Huobi Token (HT) is created only as an internal tool of the exchange. To some extent, it performs depending on the successful operation and popularity of the trading platform. The prices of all cryptocurrencies are naturally volatile. The situation is not different in HT.
As with any other asset, there is an element of risk in purchasing Huobi Token (HT). However, as HT is the original coin of one of the world’s leading exchanges, it has a high potential to stay in the market and earn. It is also noteworthy that Huobi Token (HT) has a growing community. In addition, the gradual decrease in emissions indicates that the value of the token will tend to increase over time. However, it is worth remembering that every investment carries a risk.
Stellar (XLM) is a cryptocurrency; its market cap in November 2017 was $6.1 billion. Founded in 2014 by Jed McCaleb and Joyce Kim, the Stellar network is an open-source, decentralized protocol for digital currency to fiat currency transfers that allows cross-border transactions between any pair of currencies. Cryptocurrency to cryptocurrency trades is also possible on the Stellar (XLM) network.
Features of the network include its consensus algorithm, byzantine fault tolerance, and its smart contract functionality. The network requires each participant to run a copy of its software which validates and timestamps all transactions onto the public ledger. The Stellar (XLM) network is designed to be scalable so that it can handle a large number of transactions per second. In addition, the Stellar network has a low barrier to entry as its native currency, lumens (XLM), can be obtained free of charge through its faucet program.
While no investment is without risk, Stellar (XLM) and Mountanaz (MNAZ) both appear to have good potential for growth in the coming months. Huobi Token (HT), on the other hand, may be more speculative but could offer higher returns if its popularity continues to grow. Do your research before investing in any of these currencies, but it seems that MNAZ might be a good idea for those looking to invest in a coin with solid fundamentals and growth potential.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.