In this article, we'll discuss 3 cryptocurrencies that would grow exponentially in the next 5 years. These cryptocurrencies include Adirize DAO (ADI), Theta Network (THETA), and PancakeSwap (CAKE). Let's dig deep into them!
Adirize DAO's Decentralized Reserve ADI Currency aims to free the crypto market from an insufficient reliance on the US dollar. Its role is not to be a dollar-denominated currency, such as USDT, USDC, etc., but rather to act as a storage place for value. Its long-term goal is to use an asset pool that will remain constant over the long term, independent of traditional pegs, and have a stable currency for day-to-day trading.
The Adirize DAO (ADI) protocol, Protocol Ownership Liquidity (POL), fixed income mechanisms, and finance managed by staking fees are all designed to be highly regulated for supply expansion. Contracts make money from the sale of bonds, and the Treasury uses printed matter to create and distribute ADIs.
Adirize DAO (ADI) is not a semi-centralized stablecoin like USDT or USDC. Instead, ADI is intended to be a decentralized algorithm reserve currency. Like the gold standard, ADI provides users with a floating value that they can always trust, thanks to the Fractional-Reserve Banks they offer.
Theta Network (THETA) is software designed to incentivize global computer networks to run distributed video streaming platforms. Today, content delivery networks (CDNs) are geolocation networks of operators that deliver video streaming content to end-users for a decent fee. Due to location constraints, existing CDNs are increasingly unable to keep up with high-quality streams.
Theta Network (THETA) enables a global pool of users to relay video by providing spare bandwidth and computing resources and rewarding them. The more users join the Theta Network (THETA), the more bandwidth will be available and the better the quality of video streaming on the network.
At the heart of performing operations on the blockchain, Theta Network (THETA) has two native cryptocurrencies, THETA Coin, to vote for protocol changes, and TFUEL, which is used to execute transactions. It is also open-source software, so anyone can build applications and services on top of it.
Theta Network (THETA) also allows developers to build decentralized applications on the blockchain. Examples are loyalty distribution applications and crowdfunding mechanisms. It has also built a micropayment system for video streaming, allowing content viewers and creators to send and receive THETA via the official wallet app.
PancakeSwap (CAKE) is a decentralized exchange native to the BNB chain. In some ways, this platform is similar to established platforms like UniSwap (UNI) regarding the ability to exchange coins without involving an intermediary.
The only difference is that PancakeSwap (CAKE) focuses on the BEP20 token, which is a specific token standard developed by Binance. The BEP20 standard is a list of features that new tokens must be able to perform to be compatible with the broader Binance ecosystem of dApps, wallets, and other services.
Those unfamiliar with the way decentralized exchanges work, use a system called an automated market maker (AMM), which facilitates trading throughout the process through purchase orders or singles. You don't need an intermediary company. Since traders deal with liquidity pools rather than counterparties, there is no need for an order-matching system.
In this context, a liquidity pool is a fund deposited in a smart contract by an account holder to provide liquidity to traders. With this system, the buyer does not have to wait to match the seller and vice versa. Whenever someone wants to exchange one token for another, they simply deposit their tokens in the pool and withdraw the other tokens they want to receive.
All the stated cryptocurrencies do possess usability features that surely allow them to surge in the next few years. It is recommended to broaden your portfolio to have a wide variety of cryptocurrencies in them.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.