Top 3 Tokens to Buy in this Bear Market: ZCash (ZEC), RenBTC (RENBTC), and HachiFi (HACHI)
We just made your job easy if you’re seeking the best tokens to buy in the market today. Today, ZCash (ZEC), RenBTC (RENBTC), and HachiFi (HACHI) are offering traders returns on their trades, with users getting rewards for their activities. However, note that while HachFi (HACHI) is currently not up for sale, you can be on the lookout for its presale and purchase yours as soon as it’s out.
Launched on the 28th of October, 2016, by the Electronic Coin Company, ZCash (ZEC) has grown to become a popular altcoin that shares notable similarities with Bitcoin. This network cryptocurrency uses advanced applied cryptography to offer advanced privacy and security through shielded addresses.
Zcash’s native token is ZEC, a cryptocurrency that enables holders to trade their coins within top crypto exchanges such as Binance, BKEX, HitBTC, Huobi Global, OKEx, and FTX. Zcash thrives on anonymity, which can only be maximized through the platform’s zk-SNARKs. The zk-SNARKs is a unique kind of zero-knowledge proof technology that enables nodes on a blockchain network to execute transaction procedures without disclosing crypto users’ transaction metadata.
One of the primary benefits this offers the ZCash platform is the 75-second block time it avails crypto users when trading, compared to the exhausting time it usually takes to execute transactions on other cryptocurrencies. According to CoinMarketCap, Zcash (ZEC) currently holds a market capitalization of over $1 billion, and it’s currently selling at $66.04 with a 24-hour trading volume of $74,106,995. Zcash is up 0.30%, making it an excellent choice because of the crypto collapse that has plunged bigger coins into a bearish season.
RenBTC is a unique token aimed at creating a token with a value anchored to the value of Bitcoin, i.e., 1 RenBTC is equivalent to 1 BTC, although RenBTC is an ERC-20 token running on Ethereum. The idea is much like wBTC, as both projects have the same objective of bringing Bitcoin to the world of Ethereum.
However, behind RenBTC is a team dedicated to taking blockchain interoperability beyond imagination. In line with this, RenBTC is part of the success of a project that receives the name of RenVM, a virtual machine created as the heart of the Ren protocol and designed to bridge different blockchains to enable interoperability among them.
Perhaps, the most amazing thing about this coin is that the process not only works with Ethereum, but it is also possible to carry out operations of the same type with other blockchains such as Polkadot, Bitcoin Cash, and ZCash. What this means is that you can also transform your BTC, BCH, or ZEC into other tokens in the same way, using RenVM.
However, according to CoinMarketCap at the time of writing, the renBTC price today is $21,141.47 with a 24-hour trading volume of $3,625,445, down by 2.1% in the last 24 hours.
HachiFi (Hachi) is a futuristic decentralized, next-generation, digital Layer-III platform designed to avail users of the vast opportunities in the world of Decentralized Finance (DeFi). It features DeFi, NFT, and metaverse spaces users can leverage to earn passive income. From investing to earning a passive income, the HachiFi ecosystem offers users a chance to harness developing opportunities in cryptocurrency, prioritizing accessibility and safety.
The HACHI token is coined from two words, ‘Hachi, a wordplay on hatch, a Japanese word meaning ‘eight,’ and ‘DeFi,’ an acronym for the words “Decentralized Finance.” The HACHI token supports the Binance Smart Chain (BSC). However, the HachiFi team intends to include other blockchain networks such as Ethereum, Solana, Fantom, Tezos, and Tron. The token will serve the following purposes:
● Breeding Non-fungible Tokens (NFTs) creatures.
● Storing value.
● Inventory management.
● Payment of HachiFi Swap fees.
● Reduction of HachiFi Swap fees.
● Reduction of exchange fees.
● Making peer-to-peer payments.
● Provision of liquidity for stablecoins
● Allow payment of exchange fees.
HachiFi is a Utility token to be characterized by a token swap platform, a wallet, a staking, and a rewarding system. The token will help advance the adoption of decentralized finance by empowering people all around the world to allow equal financial opportunities.
The cost price of each HACHI token will be announced at the commencement of the presale period.