The new stablecoin ADI emerges as an option to overcome the loss of value due to the collapse of the US dollar. TRX states that it seeks to eliminate transactions through intermediaries, which should only occur between two people or entities.
Cryptocurrencies have allowed transferring money securely, quickly, and without excessive verification. In that regard, banks have become outdated for those who prefer to execute financial transactions through blockchain technology. Besides, more blockchains are emerging every day, a trend that does not seem to stop.
While Adirize DAO (ADI) shows a new perspective on stablecoins, Ether (ETH) and TRON (TRX) still make headlines for their potential. Those tokens have become increasingly relevant in the crypto market and may go as high as Bitcoin (BTC).
Investors Must Watch the New Stablecoin ADI
USD Coin (USDC), among other stablecoins, may be more stable than Bitcoin (BTC) and other cryptocurrencies. However, they still depend on the US government and the Federal Reserve (Fed) for their peg to the US dollar.
If the American fiat currency collapses, the value of stablecoins will drop. The creation of Adirize DAO has occurred in the hope that its native token ADI will help overcome that situation.
The Adirize DAO protocol has a component that relies on the bonus mechanism to ensure liquidity. That allows the process to increase the value in its treasury as staking makes ADI tokens scarce by locking them.
Ether Is among the Leading Cryptocurrencies
The creation of decentralized and decentralized contracts has allowed Ethereum to become a well-known blockchain, distinguishing it from its competitor Bitcoin. Its native token ETH, a valuable cryptocurrency, helps its governance, making it a worthwhile blockchain.
The Ethereum ecosystem allows users to create decentralized applications (dApps) and access services and goods through decentralized finance (DeFi) using the Internet.
Ethereum uses a proof-of-work (PoW) consensus mechanism, but a Merger will change it to a proof-of-stake (PoS) mechanism in September. That will increase its speed by 99% or could increase the value of the ETH tokens. Therefore, this might be an excellent time for investors to buy the second largest cryptocurrency.
Ether is trading at around USD 1,988 and has accumulated a 15.4% gain over the last week. While its daily trading volume is above 18.38 billion, its market capitalization is about USD 238.70 billion, according to CoinGecko.
The TRX Network Charges No Transaction Fees
TRON is among the blockchains in the market that process transactions per second the fastest. Although it emerged in Asia, specifically in Singapore, it has rapidly crossed borders.
It has stated that it seeks to eliminate transactions through intermediaries, which only two people or entities should do privately. A significant and surprising relief to investors is that TRON has no transaction fees.
The users of TRX can stake and hold it to earn rewards and participate in the selection processes on the platform. Cryptocurrency enthusiasts may find TRON an excellent option due to its great potential.
By Alexander Salazar
