Three blockchain investment hotspots in 2021

Cryptocurrency is rapidly gaining popularity in recent years. More and more people are investing in cryptocurrency to prepare for the future inflation. In the year 2021, to reap substantial rewards in cryptocurrency, investors may want to pay attention to the following information.

An increasing number of investment institutions are rushing into the Bitcoin circle

As is known to all, the investment behaviors of major institutions are important indicators of the value of an industry. To most investment institutions, the year 2020 is an important year for the Cryptocurrency circle. In particular, DeFi projects have greatly empowered the industry.

Recently, the price of Bitcoin has hit a new high of over $60,000. Numerous investment institutions such as Grayscale, MicroStrategy, CashApp, and Fidelity have invested in Bitcoin. According to relevant statistics, as of January 2021, the number of Bitcoin whales kept increasing. Currently, the number of addresses with more than 1,000 BTC has reached 2,280, a reduction of 159 from 30 days ago.

Ethereum 2.0 upgrades

On December 1, 2020, The ETH2.0 Phase 0 was officially launched, with the Beacon Chain shipped firstly.

ETH2.0 is an upgrade to the Ethereum Network which improves the speed, efficiency, and scalability of the network. ETH2.0 will introduce PoS (proof-of-stake) and sharding to improve the underlying protocol of Ethereum. As the biggest update for Ethereum, ETH 2.0 will be rolled out in different phases. It’s foreseeable that the upgrades of ETH 2.0 would have a positive impact on the price of ETH.

Currently at the application level, soaring interest in DeFi (decentralized finance) has accelerated the Ethereum network, stretching its capacity. DeFi projects such as loan products and swaps are popular on Ethereum. However, for those DeFi projects that require high transaction volume, like handling futures, options, and derivatives, their functions are greatly restricted. Ethereum failed to provide enough liquidity for those projects.

At present, most popular blockchain applications are still running on Ethereum. The scalability problem of the Ethereum network and its high gas fee has limited the development of more DeFi projects. The emergence of alternative public chains such as Near, Salana, Definity, and etc. means to solve the scalability problem. Currently, three excellent public chains have emerged in Asia, Binance Smart Chain (BSC), OKChain, and Huobi Ecological Chain (Heco). They have accelerated the further development of DeFi projects.

Since the birth of Heco, the cryptocurrency industry has witnessed many rags-to-riches stories. For example, after deploying on Heco, BAGS’s price skyrocketed 895%. DMEX is a decentralized mining power financial service platform based on Heco. DMEX supports various DeFi activities such as liquidity mining, Proof of Working mining, and Proof of Stake mining. The number of DMEX users is increasing on a daily basis. DMEX’s main goal is to mobilize users’ assets with the technical support and resource of Heco. For now, DMEX stands in the spotlight of the global decentralized mining power financial services circle. DMEX will certainly fuel the DeFi development.

For many investors, Heco lowers the barriers to investing in DeFi projects by efficiently connecting users, assets, and decentralized applications. Compared with Ethereum, Heco provides better trading performance, lower gas fees, and smoother cross-chain transactions of mainstream assets.

According to data from the tripartite platform OkLink, as of March 18, 2021, 3.5419 million ETH was sent to the Ethereum 2.0 deposit contract address, with 5568 new ETH deposits within the last 24 hours. The number of ETH addresses reached 56.441 million, an increase of 192,900 in the last 24 hours. The transaction volume on Ethereum reached nearly 3,293,600 ETH for a 24-hour period.

At the moment, Ethereum is still the king of the blockchain world. With the ETH 2.0 upgrades and the development of more quality DeFi projects, Ethereum keeps evolving. The future of Ethereum is still very promising.

The DeFi & NFT industry

Many investors and institutions have great expectations for DeFi projects. In particular, NFT is becoming a major investment hotspot this year. Currently, various NFT projects have attracted a massive amount of funds.

It’s foreseeable that in the near future, more and more investment institutions will explore innovative DeFi projects. By combining DeFi with traditional financial models, these institutions will significantly maximize their investment profits or mining incomes. Recently, NFT has been frequently reported by the media. It has caused a sensation when artworks, music, NBA, and mining power NFTs were sold at high prices.

DeFi will also empower blockchain projects like IPFS (InterPlanetary File System). IPFS is famous for its distributed storage. Since IPFS is still in its infancy, it hasn’t attracted enough transaction volume at present. This situation will change when DeFi is introduced to IPFS. For example, DEXes (Decentralized Exchanges) such as Uniswap and Sushiswap have significantly increased their transaction volume after integrating more DeFi projects.

Many investors predict that in 2021, Ethereum will integrate more innovative DeFi products. Meanwhile, decentralized platforms like Polkadot and IPFS will deploy more DeFi projects. DMEX is a decentralized mining power financial service platform. Its main goal is to mobilize users’ idle assets by tokenizing mining power into NFTs. At present, DMEX combines innovative DeFi products with the DAO community governance model to jointly promote the development of distributed storage. Users can participate in mining power trading, joint mining, liquidity mining, and Proof of Stake mining, etc. These innovative products greatly enhanced users’ capital liquidity. Many investors think highly of DeFi projects such as mining power NFTs, collateral loans, and in-game item NFTs.

To obtain high and stable returns in 2021, investors are suggested to study the mainstream trends and focus on a specific area. Investors can seize opportunities to invest in innovative hotspot projects with low barriers and high liquidity. Mining power projects like DMEX provide a good chance.

In the long run, the price of Bitcoin might keep going up. However, from the investment perspective, the cryptocurrency market will inevitably undergo constant short-term turmoils. It is essential that investors stay rational and avoid overdependence on fast money.

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DMEX is a decentralized mining power financial service platform utilizing DAO and smart contract to provide innovative DeFi and NFT products.