The Federal Reserve’s aggressive monetary policy continues to be the biggest source of concern for investors. Even though the central bank has already ruled out a rate increase of 75 basis points, interest rates are projected to continue to rise this year, making borrowing cash increasingly more expensive for consumers.
The stock market has had a rocky start this last week, with the Dow Jones shedding over 400 percentage points. Last week’s stock market likewise ended in the red.
Likewise, the cryptocurrency market is bearish right now, leading investors to shift their interest from crypto-giants like Bitcoin (BTC) and Cardano (ADA) to smaller, yet profitable ventures in the DeFi division like Mountanaz (MNAZ).
Cardano (ADA) Failing to Deliver?
Cardano (ADA) has so far failed to build its killer app and is now ranked 31st in terms of total value locked (TVL) and 8th on CoinMarketCap.com. According to crypto-gurus data, Minswap and SundaeSwap have suffered losses of 41 percent and 36 percent, respectively, in just one month.
If you ask Charles Hoskinson about the underperformance of Cardano‘s native ADA coin, he will tell you that cryptocurrencies have officially entered a bear market, this is what his recent tweet has stated.
Hoskinson acknowledges that no statement could possibly make a difference in the situation as investors are unhappy with the protocol’s performance on the market. As a result, despite the fact that the protocol’s technical capabilities are improving and the community members are growing, the ADA price looks like it will continue to struggle to acquire any traction.
After making tremendous gains in 2021, ADA has underperformed badly this year, with the stock having fallen by more than 43 percent since the beginning of the year. It has already fallen by 77.44 % from its all-time high, which was set in September 2021 ahead of the much-anticipated rollout of the smart contract technology.
Mountanaz (MNAZ) – Top Decentralized Lending Protocol
Mountanaz (MNAZ) is a new project that has just entered the cryptocurrency market as a small-cap decentralized lending protocol.
Mountanaz is disrupting the borrowing and lending Decentralized (DeFi) protocols allowing for better results for investors and shorter waiting times for cryptocurrencies borrowed.
To borrow cryptocurrencies, all that is required is the deposit of collateral – this will simply be in the form of a cryptocurrency different from the one borrowed.
The MNAZ token may present an excellent investment opportunity in presale before it starts to trade publicly on the market, especially right now during this period of low-interest rates.
Key Features (as per the whitepaper):
– Incentivised Liquidity
– DAO Patterned Governance
– Trustless, Automated, and Permissionless Lending
– Scalable Ecosystem
– Intuitive and Interactive User Interface
Mountanaz ecosystem is distinct from many others available in the DeFi business.
With major listings expected to take place in the third quarter of this year, when this project becomes a major participant in the crypto space, it has the potential to provide stratospheric returns for early investors.
Bitcoin (BTC) Dropping to 365-Day-Low
Bitcoin (BTC) finished the quarter with a 2 percent loss. Analysts are predicting that the “original cryptocurrency” is on track to perform much worse than it did in the first half of 2022. At the beginning of the week, Bitcoin (BTC) fell to an (almost) 365-day low, dropping below $35,000. The cryptocurrency has fallen by 52% from it’s all-time high in November 2021, of $69,044.77.
According to data given by prominent analysts, the percentage of Bitcoin (BTC) addresses in profit has dipped below the 50% line. This is Bitcoin‘s first major dip since the pandemic-induced collapse that occurred in March 2020.
Cryptocurrency never ceases to amaze us. Making smart choices at this time is essential for greater returns in the future.