Can Mountanaz (MNAZ) outperform Chainlink (LINK) in the long term?


May 23, 2022 10:06 a.m. STI

New Delhi [India] May 23 (ANI/ATK): Last week, the price of Bitcoin (BTC) hit its lowest level in sixteen months due to a massive sell-off in digital assets. Additionally, the collapse of so-called stablecoin TerraUSD, which lost its peg to the dollar last week, continues to weigh on other major cryptocurrencies.
Given the old financial advice to “buy the dip,” investors might be looking for some share of the volatile cryptocurrency market, hoping that the current dip is transitory and not indicative of a long-term bear market.
If you think now is the time to buy, we compared two DeFi coins. The first is established cryptocurrency Chainlink (LINK), while the second is a newcomer called Mountanaz (MNAZ).
This analysis will help you make judgments and invest your funds for future returns.
Chain link (LINK)
Chainlink (LINK) is a decentralized oracle network that powers blockchain-based smart contracts with real-world data.
LINK is an ERC-20 token that acts as the native token of Chainlink. LINK is primarily used to entice users to participate in Chainlink’s decentralized oracle network.
Unlike Ethereum (ETH), LINK uses the Proof of Stake (PoS) consensus algorithm, in which users host nodes and contribute data to smart contracts in exchange for LINK tokens.
Chainlink enables the integration of external data into existing blockchain networks, a crucial capability that allows blockchains to connect and use existing data.
As more and more blockchain networks use Chainlink’s on-chain data initiatives, the value of LINK tokens will increase significantly.
The LINK cryptocurrency debuted in the market in 2017 for less than 20 cents per token and remained below 1 USD until 2019. However, from 2020 onwards the price increased significantly. It was around $2 at the start of 2020 and spiked to $36.83 on February 20, 2021.
As of May 10, 2022, the price of LINK reached $6.04, making it a lucrative time to invest in the coin.
Mountanaz (MNAZ)
Mountanaz (MNAZ), a future Defi protocol, will provide users with effortless access to decentralized financial tools and services. The protocol aims to take peer-to-peer lending to the next level by establishing a liquidity pool with minimum execution time.

The Mountanaz Pooling Mechanism (MNAZ), which provides an efficient distribution mechanism to borrowers by generating a pool of liquidity, is one of its most notable features.
This pooling approach provides borrowers with a more efficient asset allocation system since the time between a borrower’s request and portfolio credit is significantly reduced.
This innovative technique is more efficient for borrowers since the current liquidity pool minimizes the time required for applications.
Additionally, the Mountanaz Lending Protocol (MNAZ) will increase the effectiveness and efficiency of investing in digital assets by using deposited and loaned assets to form various lending pools.
Interestingly, Mountanaz (MNAZ) is based on the Binance Smart Chain (BSC), which allows it to operate quickly even during times of high user volume. Additionally, the Ethereum Virtual Machine (EVM) is compatible with the Binance Smart Chain.
Additionally, BSC smart contracts are supported by Solidity, an object-oriented and highly secure programming language. The language is used to write machine-level code compiled by EVM. Meanwhile, Mountanaz (MNAZ) aims to achieve strong security, fast transaction speed, and automated trading with Binance Smart Chain (BSC).

Last thing…
In today’s volatile cryptocurrency market, investors want to be part of value-based initiatives where they can be confident that the value of their investment will increase regardless of market circumstances.
Conversely, tokens like MNAZ and LINK are powerful DeFi protocols. Therefore, their future values ​​are expected to increase due to investments from key individuals in the industry.
Therefore, this could be a great time to invest, as the market is down and there are plenty of opportunities for long-term profit.
This story is provided by ATK. ANI will not be responsible for the content of this article. (ANI/ATQ)


About Author

Comments are closed.