Over the past few years, several trends have been played out in the crypto market. Decentralized finance came into the focus of crypto fans again and again. DeFi is, at the same time, a development that is not likely to disappear too quickly. DeFi applications could disrupt the financial world in the next few years. Then, DeFi tokens would also profit in the long term. Therefore, future-oriented investors can position themselves early for DeFi’s triumphant march.
Besides the future potential of DeFi, the following article also presents five DeFi tokens whose price could rise significantly in the next few years.
What is DeFi?
DeFi stands for decentralized finance. This is a multifaceted ecosystem in which consumers regain personal responsibility. Henceforth, the users themselves decide about money again and hold their assets in safe custody on their own responsibility. Smart contracts are taking their place instead of intermediaries in the financial system. They offer the advantage of significantly faster processing and lower costs. Meanwhile, numerous DeFi projects target different usescases: Lending, Borrowing, DEX, Digital Assets, Crypto Derivatives or Payment.
DeFi offers these opportunities in the next decade!
In principle, decentralized finance can fundamentally change the financial system as we know it today. Through blockchain technology and smart contracts, we could see financial services become cheaper, transparent, and more trustworthy in the coming years. Simultaneously, DeFi offers the opportunity for widespread equality.
This is because many people around the world still have no real access to the economic and financial system. The prospects for the future of decentralized finance are good, and its acceptance is likely to increase rapidly. In any event, DeFi applications are likely to become more and more part of our everyday lives and may even completely disrupt the financial and banking system.
This societal development offers the opportunity to benefit from the increasing adoption of many cryptocurrencies to investors. Whereas DeFi could spell crisis for traditional financial players and banks, opportunities are emerging for bold investors.
5 Best DeFi Tokens You Should Buy Today
Now that you have a better understanding of DeFi finance, in the following, we will introduce five best DeFi tokens, stay tuned.
True, the gaming market is basically not part of our financial system. Still, the new Lucky Block cryptocurrency acts like a DeFi token. That is because the lottery market is to be disrupted by decentralization via blockchain technology. Here, there are many parallels to the financial world. Because blockchain technology can increase user trust in financial services and provide more transparency among participants in a crypto lottery. Simultaneously, costs also decrease here, which results in higher chances of winning for the participants of the Lucky Block lottery.
What Lucky Block aims to do is to build a global crypto lottery. National borders do not exist in the crypto space – an exciting approach that shows strong parallels to the DeFi sector and offers price potential due to the growth opportunities in the online gaming market.