In a recent video for his very popular YouTube channel, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) talked about three low-cap cryptoassets powered by Binance Smart Chain (BSC) that investors should have on their radar.
PancakeSwap ($CAKE)
PancakeSwap is “a decentralized exchange running on Binance Smart Chain, with lots of other features that let you trade, earn and win tokens.” The exchange is “an automated market maker (‘AMM’) that allows two tokens to be exchanged on the Binance Smart Chain.” Users “can earn CAKE with yield farms, earn CAKE with Staking, and earn even more tokens with Syrup pools.”
Davis says:
I suspect that we’re going to continue to see Pancakeswap moving up the charts and becoming a more and more prominent decentralized exchange. The users are there. The daily volume’s there. Just the market cap is a bit behind in comparison to Uniswap which only does half the daily volume right now.
Refinable ($FINE)
Refinable is “the first major NFT marketplace on BSC, empowering both individual creators and beloved brands to easily and affordably create, discover, trade, and leverage NFTs.” Its mission is to support “all communities in engaging with NFTs.”
Davis says:
There’s still a lot of opportunity for people like Refinable and these kinds of projects to be able to come in and actually get a good share of the market.
Refinable still has not had its public token sale.
Smoothy ($SMTY)
Smoothy is “a novel single pool liquidity protocol specialized in same backed assets with low-cost zero-slippage swapping and maximize interest earning.”
Last Friday (April 23), Smoothy announced that it now “supports TrueUSD (TUSD) for swap and liquidity with low slippage.”
Davis says:
This one has got a lot of potential because these key pieces of infrastructure for decentralized finance (DeFi), they may not be as sexy and exciting as the cool NFTs backed by Mr. Beast – which is cool obviously – but this is the infrastructure that actually allows DeFi to work in a smooth fashion for people. It allows it to be a good user experience where you’re not getting crushed on fees, you’re not getting crushed on slippage and so this kind of product actually allows users to have that nice user experience.
Featured Image by “FlitsArt” via Pixabay.com
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
