Lark Davis, a famous crypto YouTuber, discussed Binance Smart Chain’s (BSC) numerous investment opportunities. Davis argues that this ecosystem offers the type of experience that customers want because of its low fees and quick transactions.
The trader begins his list with Pancakeswap (CAKE) in a new video, noting that the Binance-based decentralised exchange (DEX) recently overtook the Ethereum network in terms of transaction volume at least for a 24 hour period according to data from dappRadar.
Ethereum has been a victim of its own success, as a surge in activity has attracted blockchain-focused software developers while also clogging the network, raising transaction costs. The regular trading value of PancakeSwap’s native token is $1.1 billion. Uniswap, the Ethereum DEX, has a similar number, but it has been lagging behind its rival. Davis also added that,
I suspect that we’re going to continue to see Pancakeswap moving up the charts and becoming a more and more prominent decentralized exchange. The users are there. The daily volume’s there. Just the market cap is a bit behind in comparison to Uniswap which only does half the daily volume right now.
FINE, the native asset of NFT (non-fungible token) marketplace Refinable, is the second coin on Davis’ list. Users can build, exchange, and exploit any digital content on the Refinable marketplace.
Since the NFT space is still so new, Davis believes that projects like Refinable have a lot of room to expand and take a piece of the pie.
There’s still a lot of opportunity for people like Refinable and these kinds of projects to be able to come in and actually get a good share of the market.”
Refinable has a notable investor base, according to the trader, which includes Binance, the world’s largest crypto exchange, and Mr. Beast, one of the most prolific YouTubers and content creators.
The FINE token from Refinable was supposed to launch this past Friday, but it was postponed due to high traffic on the CAKE website. As of now, the team hasn’t rescheduled its IDO (initial DEX offering).
SMTY, the governance token behind Smooth Finance, is the last altcoin on the Binance Smart Chain that Davis sees bursting to new heights.
Smoothy is a single-pool liquidity protocol that enables users to switch between stablecoins with little to no slippage. According to the crypto analyst, SMTY may become a big cog in the decentralized financial infrastructure.
The post CAKE, FINE, SMTY Altcoins on BSC can Erupt Massively appeared first on Fuzzy.One.
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