Ethereum was the first blockchain network to power smart contracts in the DeFi ecosystem, but growing technology has seen other innovative contracting platforms, such as Solana (SOL) and Cardano (ADA), infiltrate the market with better features than the technology’s pioneer.
The Ethereum alternatives have significantly rewarded early investors as blockchain technology continues to merge with traditional finance.
However, Solana and Cardano have already established stable ecosystems and grown to market caps worth billions of dollars. New investors who missed out on Cardano and Solana’s boom have now identified another crypto asset that could explode in the near future.
Solana and Cardano decline as investors shift to BinoFi’s Presale
Solana and Cardano have been declining since January. Data from crypto data aggregator CoinMarketCap shows that the crypto assets have registered double-digit dips in the last few days.
Solana has declined by 12.05%, while Cardano is down 22.06% in the last seven days. The bears seem to have stepped their foot off the gas pedal, as the assets’ prices have largely remained unchanged in the last 24 hours.
Solana is currently exchanging for $124.98, while Cardano sank below $1 and is trading at $0.7. The recent decline is a sign that investors are wary of the prevailing market conditions.
During this bearish week, some Solana and Cardano investors have found a new project’s presale with immense potential that could help them recover from the harsh market conditions.
BinoFi gains momentum as Cardano and Solana decline
BinoFi’s popularity is increasing as major crypto projects such as Cardano and Solana continue to drop. Savvy investors have discovered BinoFi’s innovative project amid looming uncertainty in the crypto industry.
The project’s presale has excited investors, who have purchased more than 11 million tokens from BinoFi’s official website so far.
The presale is only a few days old, and its first phase is already on the verge of closing. Each BINO token is currently priced at $0.02. However, the price is set to increase when the next presale phase begins. Presale investors are likely to register a 9,900% ROI before the end of August. A $1,000 investment could easily translate to $99,000 or more.
The BINO token powers the BinoFi ecosystem, acting as its utility and governance token. Traders will settle transactions on BinoFi’s hybrid crypto exchange powering BINO’s tokenomics. Additionally, the token will earn yields to long-term BINO staking participants.
BinoFi’s growing demand is attributed to the project’s massive utility. The protocol’s developers have discovered a way of revolutionizing crypto exchanges by merging useful features from centralized and decentralized platforms. BinoFi is unveiling a robust hybrid crypto exchange that cuts across CEXs and DEXs to bring users an improved platform for transacting digital assets.
BinoFi adopts AI to help users make informed trading decisions
Besides CEXs and DEXs features, BinoFi’s developers will integrate powerful AI-powered tools to facilitate trading activities on behalf of retail and institutional investors. The tools will also allow users to automate market-making, scalping, and arbitrage strategies.
On the other hand, institutional investors and advanced users will capitalize on the technology tools for institutional-grade algorithmic trading. The tools will provide real-time alerts to aid users in decision-making.
BinoFi exchange will follow the footsteps of significant CEXs that now publish their proof of reserves. BinoFi developers aim to enhance transparency and promote accountability. The hybrid crypto exchange will publish real-time, on-chain proof-of-reserves, ensuring that all funds are fully backed.
Website: https://binofi.com
Whitepaper: https://whitepaper.binofi.com
Giveaway: https://giveaway.binofi.com
Telegram: https://t.me/binofilabs
Twitter: https://x.com/Binoficom
CoinMarketCap: https://coinmarketcap.com/currencies/binofi/
