Overcoming bitcoin: 'DeFi' cryptocurrencies have risen up to 476% this year alone and may appreciate more

“Bitcoin (BTC) is an alternative wealth reserve similar to gold, with the potential to make many more people wealthy and disrupt the current monetary system.” That's how Ray Dalio, manager of one of the most profitable hedge funds in the world, described the most popular cryptocurrency on the market in January this year.

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After rising 4,000,000% in dollars in the last 10 years, it has been increasing with contributions from large institutional investors, such as payment companies, banks and investment funds around the world, bringing more seriousness and foundation to this modality. .

However, anyone who thinks that having only bitcoin in their cryptocurrency wallet is a good strategy is wrong. The digital currency market is practically a “second stock exchange”, with more than six thousand crypto assets available - some much more profitable than BTC.

An example of this is the Crypto Legacy portfolio, by analyst André Franco. With the 11 most promising crypto on the market (see here), the portfolio accumulated 1216% profit between August 23, 2017 and February 1, 2021, surpassing bitcoin (985%), Ibovespa (70%) and some of the main exchanges in the world, such as Nasdaq (113%) and S & P500 (54%) in the period.

'The second exchange': DeFis transformed R $ 1,000 in up to R $ 16.7 thousand in the last seven months ...

The highlight of this profitability above the highest indexes on the planet was the decentralized finance structures (DeFi), which have existed for about three years. Coming from Decentralized Finance, the acronym refers to financial services similar to what we are used to seeing in the traditional market, such as loans, insurance, transfers, payments etc.

The difference is that everything happens 100% by crypto assets distributed on blockchain platforms, such as Ethereum, and without ties to banks, insurance companies or other institutions. But take it easy: just as with stocks you don't need to be a client of the company listed on the stock exchange, with DeFi you don't have to move money on platforms either.

Just buy your tokens in reais through exchanges (crypto brokers) - and whoever is doing this is doing well.

On July 21, 2020, two of them were nominated by André Franco and appreciated by 1671.64% and 727.83%, respectively, in reais until this Thursday (10), with the potential to rise further. A mere R $ 1,000 turned into up to R $ 16.7 thousand in a matter of seven months. In the same period, bitcoin delivered 380% in Brazilian currency.

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Success is no exception: data show that DeFi is a trend for the future. According to a study by Binance Research, the growth of this technology was 2,300% last year, totaling one million users. In addition, the amount invested in this modality went from US $ 697 million at the end of 2019 to US $ 16 billion in 2020. Today, that number is already over US $ 40 billion.

After all, as these systems are decentralized, they have no ties to banks, insurance companies or credit platforms. Everything works from individual to individual, making it more practical for people to move money through these platforms, without the need for intermediaries.

It was 116% in less than a month ...

Practicality is causing even assets linked to DeFi to present exponential triggers. On January 19 this year, for example, André Franco recommended in the Crypto Legacy series a game cryptography with payment methods linked to decentralized finance platforms and a good global sales index.

There was nothing else: from the date of the appointment until this Wednesday (10), it increased 116%, with the potential to grow more. That's right ... André Franco helped Crypto Legacy readers more than double the amount invested in less than a month with the asset. For you to get a sense of the relevance of this, the increase is equivalent to the performance accumulated by the American Nasdaq index, one of the most important in the world, and by Ibovespa in the last four years.