During the height of crypto’s popularity, Tezos (XTZ) was one of the most innovative currencies with its self-amending feature. It allowed its users to vote and approve new changes, and the platform automatically implemented them. However, in the wake of the prevailing microeconomic conditions and the recession, Tezos’ value has decreased by more than 85% of its record high and has undoubtedly seen better days.
In contrast, Aave (AAVE), an open-source liquidity protocol that allows you to create non-custodial markets, and Rate That Crypto (RTC), a platform that allows you to earn from predicting the direction of crypto prices, are taking off. This piece will examine why Tezos’ price is declining and why Aave and Rate That Crypto are storming the crypto market. So keep reading to learn more.
What is Trezos
Trezos is a decentralised ledger that utilises smart contracts. However, unlike other smart contract platforms, Trezos has a proprietary self-amending feature that allows for self-governance and provides formal verification of the arrangements. It was established in 2014 and had a 9 billion supply of XTZ coins.
The price of one XTZ coin is $1 as of the writing of this piece, which is a 91.78% decline from its all-time high.
Why is it Declining?
Let us look at the major reasons why Trezos is declining in the marketplace.
- High Volatility
Trezos has had some wild price swings since its inception and even more so during the recession. This has led many investors to look for more stable and reliable investment opportunities like up-and-coming cryptocurrencies such as Rate That Crypto. It has also lost over 90% of its peak value, which has yet to help its case.
- The Current Market Sentiment
Several events have occurred in the crypto industry in the last few years that have had people question the validity of crypto investments. For instance, FTX, the second largest crypto exchange, went belly up, costing investors billions of dollars. The worst thing about this situation is that it was gross negligence from the management team that caused it. This and many more such incidents have caused people to hold negative sentiments about the industry.
Why is Rate That Crypto and Aava Storming the Crypto Market?
- Different Concepts
Rate That Crypto and Aava are different from your typical crypto platforms and offer you something more to invest in than just their tokens. For instance, Rate That Crypto is a platform that allows you to earn from making correct predictions about crypto price movements. This means you have more avenues to benefit from the platform and are not as helpless as on other platforms.
On the other hand, Aava allows you to access or even create liquidity pools that help you gain or give credit to digital assets. This means you don’t just need to pour your funds into the platform as an investor; you can also benefit from accessing credit which allows you to invest in other fields.
- The Platforms are Safe
Even though Rate That Crypto is relatively new to the crypto industry, it’s still yet to suffer an attack from hackers. The development team is also confident in its platform’s ability to resist them. In contrast, Aava has been a victim of several attacks, but they were not as bad as some we have witnessed on other sites, and the site has affirmed its commitment to curb these incidents.
For more information on Rate That Crypto visit the links below:
Presale Website: www.ratethatcrypto.com
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