These 2 coins can make you rich in 2021


The last quarter of 2020 was by far one of the best in the history of the cryptocurrency market. A lot of people got rich by the end of 2020 thanks to Bitcoin’s rally, but also the massive DeFi explosion.

With all the bullish momentum behind the cryptocurrency market, 2021 is the perfect year to invest in good upcoming crypto projects. Let’s take a look at two of the best prospects for 2021 and beyond.

Frax.Finance (FXS)

Frax is a fractional-algorithmic stablecoin and it’s the first cryptocurrency that is partially backed by collateral and partially stabilized algorithmically. The platform introduces two coins, FRAX, which is the stablecoin, and a governance token called Frax Shares (FXS).

The idea behind FRAX is to always be pegged at a 1:1 ratio with the US Dollar. FRAX can always be redeemed for $1 which allows traders and investors to balance the price.

Frax Shares (FXS) is an ERC-20 token and it’s currently trading at $13. As an incentive to provide liquidity, users can choose from FRAX/USDC, FRAX/WETH and FRAX/FXS to earn rewards in FXS.

The protocol has been audited by Certik and coverage is available from Cover Protocol. FXS holders can also participate in the Governance of the platform. The current market capitalization of FXS is only around $30 million which means there is a lot of room to grow. The digital asset is only listed on Hoo, Gate, MXC and Uniswap, but users can also purchase it through its official platform.

DAO Maker (DAO)

DAO Maker is a cryptocurrency platform dedicated to helping startups grow while reducing the risks for investors. DAO Makers has a 51.2x average all-time high returns on launchpads completed and has created innovative token sale methods.

DAO Maker announced its token sale a few months ago in DYCO form which means 65% of the tokens bought can be refunded to investors if the initial price falls below the sale price. All tokens refunded will be burnt.

Although the initial private sale has been completed, DAO plans to launch the last sale on Gate.io on January 18. The DAO token will be utilized for staking, Venture Margin, and Lending Pools, Venture Bonds, Enterprise Services Fees, Fundraising and more. The initial dynamic valuation ranges from $10.92 million to $31.2 million.

The sale release schedule is done using the Toll Bridge method which gives buyers the option to unlock all their vested tokens by paying a fee or waiting enough time to be able to unlock everything without having to pay anything.

 

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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 


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