August 10th, 2022 at 10:01 am UTC · 3 min read
Over the years, cryptocurrencies have skyrocketed in value and popularity. Apart from Bitcoin (BTC) and Ethereum (ETH), other altcoins have also been walking in the path of cryptocurrencies and some of them are getting a lot of success. These new memes and altcoins are working on creating a decentralized finance system (DeFi) that allows for cryptocurrencies to be accessed easily in a way that mainstream coins do not allow yet. Some of the recent coins that see to this include RoboApe (RBA), Avalanche (AVAX) and VeChain (VET). The cryptocurrency market’s prominence increased in 2019 when DeFi projects started stealing the show. This impressed buyers as it was a great way to minimize cost and still gain profit.
RoboAape (RBA) is a fast-growing cryptocurrency seeking to create faster crypto market access. It hopes to achieve sustainable growth based on the hype meme coins provide. RoboAape (RBA) has been surviving on the support of its community. Mining NFTs on mainstream crypto platforms is extremely expensive, and RoboAape is seeking to subsidize this and provide opportunities for people to be a part of the growing NFT community.
The RoboApe (RBA) operates on an ecosystem comprising several features that enable users to enjoy and expend all the options the coin offers. For example, the RoboApe DAO allows the coin to be controlled and driven by the community, while the RoboApe (RBA) Academy ensures that users are familiar with the coin market. Another part of the ecosystem is the RoboApe (RBA) finance, and this covers all the available financial opportunities, the RBA token, the RoboApe (RBA) NFT marketplace that is used for NFT trading, and the RoboApe (RBA) e-sports that promises an elevated gaming experience.
Avalanche (AVAX) coin was launched in September 2020 and has been an active competitor in the crypto market since then. Although it is relatively new, it is rising to fame as it ranked the 15th top in terms of market capitalization in July 2022. Avalanche (AVAX) has big goals for growth and expansion as it operates on a decentralized and interconnected network of blockchains that several people in several places make. Avalanche (AVAX) intends to be all-inclusive while maintaining flexibility and security. Earlier in July, 283,100,931 AVAX coins were in circulation. Avalanche (AVAX) is designed to compete with ETH. It has significantly superseded Ethereum’s (ETH) capacity because it has three blockchains operating under one protocol.
VeChain started as a project in 2007 but it was not launched until 2015. The coin was recently rebranded and renamed as VeChain Thor. VeChain (VET) is a Singapore-based cryptocurrency that makes it easier to collect and exchange critical information with retailers, manufacturers and consumers. While other cryptocurrencies use proof of work and stake to mine coins, VeChain (VET) uses proof of authority instead as it consists of some master nodes and lower-rank nodes. What further sets VeChain (VET) apart is that it operates on open finance rather than a decentralized finance (DeFi).
Due to RoboApe’s (RBA) decentralized system, it has the potential to be one of the best meme coins payment methods in comparison with VeChain (VET) and Avalanche (AVAX).
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