Decentralised exchanges are platforms where users can conduct trades in a permissionless way without any intermediary. DEX tokens are used as governance tokens and for staking. They can be as a store of value. DEXs support the operations of DeFi platforms.

 PancakeSwap and Sushiswap are two of the most popular DEX platforms. They are both forks of Uniswap and are also automated market makers (AMMs). In essence, users provide liquidity pools by using the platform, thereby earning rewards.

 PancakeSwap was developed on Binance Smart Chain by anonymous developers and launched in September 2020. It uses smart contracts to aid the swapping of tokens. Users can swap or exchange their LP tokens for another token. Also, it supports yield farming and staking of tokens. PancakeSwap can be accessed from Metamask, Trust Wallet, Ethereum Wallet, Binance Chain Wallet, and Math Wallet.

 Sushiswap was released on the Ethereum network by Chef Nomi and 0xMaki in August 2020. However, ownership of the platform has been transferred to Sam Bankman-Fried. It can be accessed through Lattice, Coinbase Wallet, WalletConnect, and Metamask. Asides from yield farming and staking of tokens, users can also borrow and lend tokens. It uses the Minimal Initial Sushiswap Offering (MISO) to support the launching of new projects in its ecosystem.

 Due to being forks of Uniswap, they share various similarities. However, the cost of a transaction differs, with users paying 0.2% on PancakeSwap and 0.3% on Sushiswap. Moreover, Sushiswap is more flexible than PancakeSwap. Between the two, PancakeSwap has more traders with a market cap of $2.17 billion to $906.6 million of Sushiswap.

 Likewise, PancakeSwap supports NFTs and lottery in its ecosystem. It also has a separate token for unstaking CAKE. CAKE costs $8.15 right now, and SUSHi sells for $4.7. CAKE is the better DEX token of the two, and with the continuous adoption of the DEX, it will keep growing.

The post PancakeSwap (CAKE) vs Sushiswap (SUSHI): The better DEX token appeared first on Coin Journal.

Key Points :

• Litecoin and Bitcoin cash are two old-school cryptos. 

• Both are heavily correlated to Bitcoin.

• Bitcoin rally could see these LTC and BCH make new highs in 2022.

Litecoin (LTC)

Litecoin is a popular, secure, and innovative cryptocurrency that can be used to make instant payments around the world. It’s also open-source, which means users have access to its source code by themselves. It offers faster transaction confirmation times as well as improved storage efficiency. LTC is the perfect complement or alternative for those leaning more towards shopping online without having an account with any specific retailer. In addition, they offer industry support from major players such as trade volume.

Bitcoin Cash (BCH)

Bitcoin Cash is a cryptocurrency that was created to accommodate blocks of higher capacity than Bitcoin. This allows for more transactions per block, thus making it easier on the network and saving people time when they want their money quickly! The two cryptocurrencies share many technical similarities and use essentially the same consensus mechanism; they have also put themselves on an agreed-upon limit for how many coins will ever exist–21 million each!

Which one is a better buy?

Both Litecoin and Binance coin are old-school cryptos and performed well in the 2017 cryptocurrency bull rally. However, they have since lost the spotlight to new shiny cryptos, especially meme coins and Metaverse cryptocurrencies.

That said they are still among the most fundamentally strong cryptocurrencies, especially in terms of adoption. However, the biggest factor that could help drive their price is a Bitcoin bull market since they are strongly correlated to its price.

So far, the odds seem to be in favour of such a rally in the short term. For instance, in the last few days, Bitcoin has blasted through major resistance at $44k and has been holding up pretty well above it. This could be a signal to a new bull run, one that could see Bitcoin blow past its $69k highs. If that happens, then LTC and BCH could make new highs too.

The post Litecoin v Bitcoin Cash – As bulls return to the market, these two are worthy buys appeared first on Coin Journal.

Key Points:

• SHIB and DOGE have made millionaires in the past. 

• Their strong communities could see them rally again in 2022. 

• SHIB deflationary nature gives it an edge over DOGE. 

Shiba Inu (SHIB)

Shiba Inu is a cryptocurrency that launched as an alternative to Dogecoin. They are meme coins, which means they have logos and graphics associated with them but serve no real purpose other than being funny or entertaining people online via social media platforms such as Facebook where users post photos on their walls just like you would do when participating in chat rooms back home!

Dogecoin (DOGE)

Dogecoin is a form of digital currency that allows people to exchange funds without relying on third parties such as banks or other financial institutions. Unlike traditional currencies though-such as dollars and euros-, each individual coin has its own unique value based solely on how much time it took for someone else to create them!

First minted back during December 2013 by Billy Markus from Portland Oregon USA., this fun cryptocurrency quickly gained traction among enthusiasts’ thanks largely due its witty logo featuring the popular internet meme known simply “doge”. Today there are over 100 million units already out of circulation.

Which one is a better buy?

Meme coins gave investors crazy returns in 2021. Anyone who had just $100 or more worth of SHIB or DOGE is now wealthy.

As bulls return to the market, these two could still go on to make massive gains, reminiscent of 2020/21. That’s because they now have much bigger communities, and adoption is growing. However, going forward SHIB is likely to pale Dogecoin in gains. That’s because Shiba Inu is deflationary and close to 50% of the total amount in circulation is already burned. Shiba Inu ecosystem is growing, and now includes a DEX (Shibaswap).

On its part, Dogecoin is heavily reliant on Elon Musk, and the Musk effect on it seems to be waning. This gives SHIB a better shot if bulls regain the market.

The post Shiba Inu v Dogecoin: SHIB stands better prospects – Here’s why appeared first on Coin Journal.

An end to the case with the SEC could be a game-changer

Key Points:

• XLM and XRP target the trillion-dollar cross-border payments market. 

• XRP has underperformed XLM due to issues with the SEC.

• A good ending to the Ripple/SEC case could see XRP go parabolic in 2022. 

Ripple (XRP)

XRP Ledger is a public blockchain that provides developers with an open-source foundation for executing the most demanding projects. This low latency, fast and reliable ledger has features like an easy development environment to help reduce time spent in coding which ultimately makes it more efficient than other alternatives out there today! It is also environmentally friendly.

Stellar (XLM)

Stellar is a network for currencies and payments that allows users to create, send or trade digital representations of all forms of money. It’s designed so the world’s financial systems can work together on one single system – it offers faster speeds than typical blockchain-based networks while being cheaper in terms of both time & energy consumption!

Which one is a better buy?

Both Stellar and XRP are pretty good buys at current prices. Their fundamentals are pretty strong, too. They both target one of the largest markets in finance, and that’s the trillion-dollar cross-border payments market.

Over the past year, XLM has outperformed XRP, and for good reason. Since 2020, XRP has been fighting a legal battle with the SEC. This has held it back all through, while XLM has had its run alongside the rest of the cryptocurrency market.

However, things could change in 2022. Most analysts are in consensus that the case may not drag further than 2022. There is also speculation that Ripple could win the case.

If this happens, then things could turn pretty well for XRP. In fact, it could be the wildcard that could see XRP rally and reclaim its position as the 3rd largest cryptocurrency, one that it held for many years.

That said, Stellar, too, has a lot going for it, especially in terms of its ecosystem growth. As such, it makes sense to have both in a crypto portfolio.

Want to learn how to safely invest in XLM or XRP? Check out our comprehensive XLM buying guide here and XRP here or purchase from our recommended platform below!

The post XRP vs Stellar Lumens (XLM) – Why this could be the year XRP takes off appeared first on Coin Journal.

Cardano slow development puts it at a disadvantage against AVAX

Key Points:

• Both Cardano and Avalanche are high-quality platform blockchains

• Both performed well in the last Bull Run.

•  Avalanche has a much bigger ecosystem and better prospects for parabolic gains.

Cardano (ADA)

Cardano is a blockchain platform that uses peer-reviewed research and evidence-based methods to provide unparalleled security, sustainability for decentralized applications & systems. It does this by combining pioneering technologies with one goal in mind – To give power back from structures like banks or governments which have been taking it away from people all these years!

Avalanche (AVAX)

The Avalanche protocol is a new approach to smart contracts and blockchain that offers strong safety guarantees, quick finality of transactions with high throughput without compromising decentralization. The platform enables developers who want their decentralized application or enterprise deployment up quickly on one interoperable network to seamlessly scale across multiple blockchains using just one open-source system – giving them greater flexibility than current solutions allow while still achieving rapid growth rates unlike anything else out there!

Which one is a better buy?

Both Cardano and Avalanche are among the best platform blockchains in the market today. In fact, they are among the few likely to give Ethereum a run for its money in coming years. As this happens, both of them could give investors exponential gains not just in 2022 but for years to come.

However, Avalanche seems to have an edge so far. In the 2021 cryptocurrency Bull Run, Avalanche rallied by thousands of percentages, easily dwarfing any gains made by Cardano.

The same scenario is likely to repeat in 2022. While Cardano is a great project, its development has been a little slow and dragged on for years. Comparatively, Avalanche has grown pretty fast over the last year, and now has a huge Dapps ecosystem building on top of it.

For the reputation it has built so far, Avalanche stands to draw in even more Dapps developers in 2022. This is a factor that could drive up demand for AVAX tokens in 2022. Once bulls gain full control of the market, AVAX could easily go parabolic again in 2022.

Want to learn how to safely invest in AVAX? Check out our comprehensive AVAX buying guide here or purchase from our recommended platform below!

The post Cardano vs Avalanche: Why does AVAX has an edge over ADA in 2022? appeared first on Coin Journal.