Could Kitsoonay Be On Track To Be The Next Bitcoin?

Could Kitsoonay Be On Track To Be The Next Bitcoin?
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As we all know, Bitcoin (BTC) is the largest cryptocurrency in the market. Being the first ever cryptocurrency to launch, providing individuals with a new way to use their money and have full control without the need for any government parties such as a bank being involved, cryptocurrency in general has come a long way since the launch of Bitcoin. As expected, when Bitcoin first launched, nobody trusted it to be used as a real form of currency and many believed it was a scam. However, over a decade later, cryptocurrency is used worldwide and there are thousands of different cryptocurrencies out there that can be used for different reasons. However, Bitcoin has remained in the top position ever since, but is new coin, Kitsoonay (KITS), on track to become the next Bitcoin?

Bitcoin Paved The Way

Bitcoin has been and still is one of the biggest influences within the crypto community. As it was the very first cryptocurrency to exist and is also the most successful cryptocurrency, all new coins and projects aim to reach the same level of success as Bitcoin.

However, it is considered unlikely for a cryptocurrency to overtake Bitcoin as it has been in the top position since it launched over a decade ago. Nevertheless, with the constantly changing crypto market, nothing is impossible.

One specific sector that has been influenced by Bitcoin is DeFi, also known as decentralised finance. This is a sector within the crypto market that allows users to make purchases, trade, and transfer without the need for any paperwork or third-party. This is to allow individuals worldwide to have full control over their funds and will always have access to it in times of emergencies. This is especially good for people who go through times of need such as a natural disaster and in need of money. For those who keep their money in a bank will have to go through the bank to reach and access their money which can take some time, but for those who use cryptocurrency will have full access to their funds instantly. Experts believe decentralised finance is the future of finance.

Kitsoonay's Focus On DeFi

Kitsoonay is a new crypto project to enter the market and is currently in the presale stage. Whilst it is primarily a meme coin, it also focuses heavily on DeFi. Although there are many cryptocurrencies that focus on decentralisation, there are many reasons as to why Kitsoonay has the potential to become as big as Bitcoin.

  1. User friendly – many users find it difficult to understand decentralised finance.  However, as Kitsoonay is a meme coin, it aims to inject fun and friendliness into the DeFi space, making it a much easier experience for users to lend, borrow, swap etc.
  2. Cheap transaction costs – transactions made on Kitsoonay are a lot cheaper than many other crypto projects.
  3. Kitsoonay University – as part of its ecosystem, Kitsoonay University is a place where users can learn about all things crypto including blockchains, DeFi, and more.

These are just three of many reasons as to what makes Kitsoonay a strong contender within the crypto market. Nevertheless, it is best to further your research before making any decisions.

Learn more about Kitsoonay (KITS) here:

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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 scams, 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.

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