Analysts of the popular crypto channel Coin Bureau shared the top 5 altcoin projects with explosive strong fundamentals in Cardano (ADA) with 1.3 million Youtube subscribers. According to analysts, in addition to benefiting from the milestone of Cardano projects by investing in ADA, joining the booming Cardano ecosystem may be another optimal option…
Cardano ecosystem offers new opportunities
Investing in early-stage businesses with modest market values has great potential today. Therefore, analysts:
Over the course of three months, Cardano’s ecosystem has grown to include more than 100 projects. Therefore, “DeFi to NFT” initiatives will continue this growth trend.
Continuing in the article, we examine 5 altcoin projects hosted by Cardano (ADA) that analysts think should be caught at an early stage.
Sundaeswap (SUNDAE) from Cardano ecosystem
SundaeSwap is a decentralized exchange (DEX) built for the Cardano Blockchain. It allows blockchain participants to provide liquidity and create a marketplace for others to exchange native tokens. In return, clearers pay a small fee and liquidity providers get a return on their deposits. Analysts detail Sundaeswap (SUNDAE):
Sundaeswap is an AMM DEX like Uniswap and also hopes to be Cardano’s leading DEX and a hub for initial DEX offerings or IDOs for new Cardano projects.
A stablecoin protocol: Ardana (DANA)
Ardana is an asset-backed stablecoin protocol and decentralized exchange stable liquidity pool built on Cardano. The stablecoin is over-collateralized with Cardano (ADA) native tokens on the Blockchain, and the decentralized exchange allows highly capital-efficient trading between stablecoins. As Coin Bureau analysts quote, Ardana will become Cardano’s MakerDAO, making it possible to print a US dollar stable called sUSD using ADA as collateral.
Meanwhile, it is noteworthy that the Ardana team consists of technical talents from respected companies and Blockchain projects such as Apple, Microsoft, Barclays, The Central Bank of Jordan, Jane Street, Mina Protocol, Cardano, the Plutus Pioneers Program and Emurgo Academy.
Meld (MELD)
MELD is a decentralized and trusted lending protocol built on Cardano Blockchain using smart contracts and managed by MELD token. Analysts say of MELD:
Simply put, it is a DeFi project that allows anyone to use their cryptocurrencies to get instant cash loans while also allowing investors to leverage their fiat investments to get better returns. In addition, MELD offers a range of products, including MELD debit cards, which can also be used to open a line of credit against crypto investments.
Analysts also highlight that Meld is a DeFi protocol comparable to Aave on Ethereum, which means it makes it possible to lend and borrow tokens on Cardano.
Drunken Dragon Games (FT)
Drunken Dragon Games is an NFT game in Cardano similar to Axie Infinity on Ethereum (ETH). Pixel Tiles are collectibles and NFTs that live on the Cardano Blockchain. They represent adventurers that players will send on epic quests and furniture they will use to decorate and expand their Inn & Tavern. Analysts say the following about the project:
10,000 unique looking adventurers specially made to reward our previous supporters. They will have the same functionality as Pixel Tile Adventurers, with additional balanced benefits.
Empowa (EMP)
Empowa, which we will mention in the last place without being different from the others, defines itself as the first “RealFi” platform in the world and its mission is to increase affordable housing in the African continent, starting with Mozambique. Empowa (EMP) can basically be summarized with the following sentence.
It is a unique decentralized property development and digital collectibles platform that seeks to leverage the power of the community to empower people who are often excluded from the financial system.
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