These blockchain and crypto-based protocols enable far more futuristic or financial-focused technologies, which include lending, borrowing, and even virtual reality worlds with digital real estate and individual token economies.
Here is more information regarding these popular and trending token types and how they can be even more profitable when combined with the power of leverage.
PrimeXBT Lists Popular Metaverse And DeFi Tokens
The award-winning margin trading platformPrimeXBTrecently added such crypto tokens to its growing lineup of altcoins which trade alongside mainstay assets like Bitcoin, gold, oil, stock indices, forex currencies, and more.
The list of altcoins contained more volatile and trending categories such as the aforementioned DeFi and metaverse, in addition to GameFi and others. Previously added altcoins include Solana, Dogecoin, Polkadot, Chainlink, and many others. More than 50 altcoins make up half the list of the platforms more than 100+ trading pairs.
What Is Metaverse？
The metaverse, or metaverses, are virtual worlds that are often blockchain-based and rely on a web 3.0 crypto-based economy to participate in. Using associated digital tokens, users can transact on the platform, vote, buy or rent land, create virtual objects, host events and so much more.
The metaverse itself has created an expansive ecosystem of incredibly innovative ideas come to life. Metaverse tokens like Decentraland (MANA) and The Sandbox (SAND) exploded in value when Facebook rebranded to Metaand expressed the companys intent to dive into web 3.0. The category became so popular, many famous celebrities like Snoop Dogg have become synonyms with such platforms, owning real estate and launching exclusive NFTs.
What Is DeFi？
DeFi is a disruptive new technology giving the banks a run for their money. The technology creates the opportunity for users to participate in permissionless financial services like lending, borrowing, flash loans, yield farming, and much more. There is no need for loan approvals, credit checks, or other traditional hurdles to participating in the financial community.
The DeFi market exploded in 2020 and into 2021, bringing a massive bullish wave of buying to all of crypto, including Bitcoin and Ethereum. PrimeXBT also provides a tool called Covesting yield accountsthat allows users to connect to top DeFi protocols like Curve, Balancer, etc., and earn a variable APY on staking idle crypto assets.
What Tokens Does PrimeXBT Offer？
PrimeXBT‘s list of DeFi tokens includes ALGO, ATOM, ADA, AVAX, BNB, DOT, ICP, MATIC, NEAR, SOL, XTZ, and LINK. Metaverse tokens include MANA and SAND. DeFi clearly outweighs the Metaverse at a ratio of six to one, but that’s because the sector has had more time to grow. As such, metaverse tokenshave significantly outperformed DeFi and most other crypto categories, so dont let the lack of variety throw you off. These coins have serious potential.
To take advantage of these powerful trends, register for a free PrimeXBT margin trading account to trade the hottest tokens around, but without having to own the underlying asset and take on all that risk. In addition to margin trading accounts, PrimeXBT also offers weekly competitions, copy trading, 24/7 customer service, a free mobile application, and much more. The platform has recently grown at a faster pace as crypto holders seek a platform to go short Bitcoin and other assets.
Why Leverage Trade Crypto Tokens With PrimeXBT？
Although DeFi and metaverse tokens were considered the next big thing in crypto and tech, shooting up by more than 10,000% in ROI in many cases, these assets ultimately corrected by as much as 90% across the board. Bitcoin and Ethereum volatility is a walk in the park compared to new and emerging altcoins with such explosive price action.
That doesn‘t mean that these tokens are worthless or will never go up again. DeFi and the metaverse aren’t going anywhere. Not when Facebook intends to turn its entire business model toward the budding technology and DeFi has the potential to turn traditional banking upside down. But like any new and speculative asset, there is bound to be significant amounts of volatility during price discovery.
Going long or short DeFi and metaverse tokens instead with PrimeXBT using leverage is an ideal way to avoid enormous drawdowns while still remaining exposed to these transformational assets. Try the award-winning margin trading platform today.
