Criptorank, a web platform that collects and displays data from the main cryptocurrencies in the market, shows that TrueFi is the winning token of the weekend, showing an appreciation of at least 21.26% in price.
TrueFi is the native token of the decentralized lending protocol, which is carried out by the TrustToken company.and is dedicated to granting these loans in an unsecured manner, at a low cost of commission for transactions, and at the same time increasing access to finance. The TRU token is the native token of the protocol that allows it to be used for staking and governance, as well as for liquidity through token staking.
By combining unsecured lending with blockchain technology, TrustToken hopes to maximize the speed and efficiency of capital for borrowers and increase capital returns for lenders. of cryptocurrencies. To do it, the protocol simplifies the interactions between the three stakeholders; the lenders, borrowers and those who stake their tokens.
The losing token
The token that has depreciated the most in price and market volume is MITX, the native token of the platform developed by Morpheus Labs. Falling 6.13% in value to settle at about 0.0151 dollars at the time of writing this note.
This project defines itself as a blockchain development toolbox, used by companies, industry experts, and educators to develop DApps. The Blockchain Platform as a Service (BPaaS) aims to simplify and speed up the development of DApps while giving users the flexibility to choose between blockchain programming languages and runtimes.
Yes ok the current price represents a drop of -92.3% from its maximum registered on April 1, 2021 of $0.195, the truth is that in the last three years, the project has given a return of 187%, as can be seen from Cryptorank data.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
