An Exclusive Look At Monero (XMR), Stellar (XLM) and CashFi (CFI) – Three Crypto Projects Rumoured To Explode In 2022
Since crypto achieved mainstream spotlight in 2021, the industry has become increasingly populated. CashFi news..
More and more people are trooping into the industry, and demand has never been higher. It’s an exciting time for the crypto community, and it indicates that digital currencies are much closer to mainstream adoption.
When crypto discussions come up, the bigger coins such as Ethereum (ETH), Bitcoin (BTC) and Binance Coin (BNB) come to mind. But the crypto industry is diverse, and many options abound. Unfortunately, the bigger tokens often steal the spotlight, leaving a plethora of undiscovered gems in their wake. The purpose of this piece is to highlight the features of Monero (XMR), Stellar (XLM) and CashFi (CFI), three crypto projects rumoured to explode in 2022.
Decentralised Finance (De-Fi) is a sector that has been gaining traction lately. De-Fi products and services are changing how we view financial operations, and CashFi (CFI), the latest De-Fi product in town, takes this a step further.
What Is CashFi (CFI)? What Can You Expect From The Platform?
CashFi (CFI) is a next-generation Ethereum-based platform using fundamental De-Fi principles such as collaboration and interconnectivity to push the industry to greater heights. A primary facet of the platform is to foster collaboration and interconnection within the ecosystem by exposing users to various asset classes.
The CashFi (CFI) platform will feature the following
- Liquid Staking
- NFT Marketplace
- Synthetic Assets Trading
A problem that many industry-leading cryptos, such as Bitcoin (BTC) and Ethereum (ETH), face is a lack of privacy. Transactions on these coins are public and traceable, and it is possible to eavesdrop on transactions flowing in and out of users’ wallets. This predicament led to the creation of a new category of crypto tokens known as privacy coins.
What Is Monero (XMR)?
A pioneer of the privacy coin movement, Monero (XMR) is one of the sector’s most significant coins and the native token of the Monero platform. It is a currency that is totally private, with transactions hidden and untraceable. Additionally, the token is highly scalable and can handle more than one transaction at a time.
The token’s developers were influenced by the reaction to other cryptos like Bitcoin (BTC) after it was discovered that users were buying and selling illegal goods with them. It became evident that there was a need for a currency that could not be tainted by what it had been used for in the past.
Monero (XMR) is doing exceedingly well in the market and is a top 30 cryptocurrency by market cap.
For crypto to achieve mainstream adoption and completely replace traditional financial systems as the payment option of choice, it must first address all of the latter’s limitations, one of which is accessibility. Right now, moving money across borders is slow and expensive, but with blockchain technology, it could be faster and cheaper.
What Is Stellar (XLM)?
Stellar (XLM) is a peer-to-peer cryptocurrency that provides financial services to the world’s unbanked population. To achieve this, Stellar (XLM) will facilitate a payment system that allows money to move across borders cheaper and faster than existing systems. The token will connect people to low-cost financial services to develop financial and economic growth.
Current existing systems require too many cost enduring steps that take a longer time. With Stellar (XLM), it will be possible to complete border to border transactions with the snap of a finger. In addition, the network’s incredible scaling capacity allows it to process as many as 1,000 transactions per second (tps).
Stellar (XLM) is available on crypto exchanges worldwide. The token is doing exceedingly well, evidenced by its position as a top 25 cryptocurrency by market cap.