HomeCrypto/ForexThe Early Bird Catches the Crypto: Mithril Finance (BARS), Solana (SOL), and...

The Early Bird Catches the Crypto: Mithril Finance (BARS), Solana (SOL), and Litecoin (LTC)

The motto of the cryptocurrency market may just be ‘the early bird catches the worm’ and it would be well suited for a cut-throat industry like cryptocurrency is.

That’s why presales and ICOs (initial coin offering) are so coveted within the crypto space because of the opportunity it offers investors to make big profits.

Early investments into the likes of Solana (SOL) and Litecoin (LTC) would have secured a very healthy crypto wallet while Mithril Finance (BARS) has just entered the glorious phase of the presale.

Solana (SOL)

Solana (SOL) is an open-source blockchain platform run by the Solana Foundation.

Designed to host decentralised and scalable applications, Solana is arguably the most prominent “Ethereum killer” due to its capacity of processing a huge number of transactions as well as the lower transaction fees it charges, compared to the second-biggest cryptocurrency in the world.

It’s proof-of-stake (PoS) blockchain as well Solana’s usage of a new technology called Proof of History (PoH), which provides a way to cryptographically verify the passage of time between two events that dramatically increases the speed of a transaction.

Solana’snative currency, named SOL, is trading at $89.53, at this time of writing and is up 6.0% in the past 24 hours.

A 12,000% surge of SOL in 2021 meant that a $100 investment in January 2021 would have been worth almost $12,000 in December 2021, demonstrating the massive growth the crypto experienced.

Solana is the 8th biggest cryptocurrency in the world, according to CoinMarketCap with a market cap of $28.62 billion, at the time of writing.

Litecoin (LTC)

The original altcoin, Litecoin (LTC) was launched in 2011 and is a peer-to-peer cryptocurrency and decentralised open-source project.

While Litecoin is a project fork of Bitcoin, it differs from the original crypto through its use of Scrypt as a proof-of-work (PoW) scheme and its faster block generation rate.

Users around the world can use Litecoin as a resource for paying people across the globe without needing a middleman to process the transaction.

Litecoin has consistently been one of the most established cryptocurrencies, ranking 21st in market cap, according to data from CoinMarketCap.

Trading at $110.31, at this time of writing, the altcoin has experienced a 3.4% rise in the past seven days.

Mithril Finance (BARS)

Mithril Finance (BARS) is a platform meant for investors to earn interest on their pooled digital assets.

Community is wholly important to the BARS team with key principles of the project including the influence of the voting power of its token holders as well as their token holders benefitting from financial incentive schemes.

The DeFi ecosystem had $700 million TVL (total value locked) in December 2019 and that number had ballooned to $3.6 billion in recent months.

Mithril Finance aims to replace old principles of traditional finance and transform them into new DeFi concepts like smart contracts and cryptocurrencies.

The platform’s potential capabilities as a DEX are endless as users of the Mithril Finance exchange will be able to exchange assets across multiple blockchains, unlike Uniswap where only Ethereum-based assets can be exchanged.

Enter Presale: https://presale.mithrilfinance.io/

Website: https://mithrilfinance.io/

Telegram: https://t.me/MITHRILFINANCEOFFICIAL

Twitter: https://twitter.com/mithril_finance

Rashmi
Crazy about technology, sports, cinema, my colleagues, and useless anecdotes. Far too connected and curious. When I'm not on my smartphone, you can find me tinkering anything tech!

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