7 coins to $7 million!
Is that even possible?
Well, I guess that depends on who you ask.
According to a leading coin researcher and analyst,
these 7 DeFi coins are enough to get you there.
Find out what these cryptocurrencies are
and why it's not too late for you to get that seven-figure come up.
Let's get it!
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Welcome to BitBoy Crypto!
My name is Ben.
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Now, in this video, we are going to be discussing Teeka Tiwari's 'Top 7 DeFi Coins for 2021'.
Teeka Tiwari is the founder of Palm Beach Confidential,
a research group that does a lot of work in cryptocurrency.
It's very expensive for a membership.
And a lot of people believe it's one big cash grab.
But, personally, I actually believe the research from the group is quite impressive.
And I always get a lot out of it.
But I would say if money is tight for you, I certainly wouldn't pay for the research.
But if you have a lot of money to burn, allot $5000 a year I believe,
then the research is pretty valuable.
But, today, I'm going to be discussing all seven of Teeka's picks,
along with two bonus picks I think are pretty big for 2021.
Coming in at No. 7, Teeka has Yearn.finance or YFI.
Interestingly enough, it appears Teeka looks at Yearn.finance very similarly to the way that I do,
but he's made a stronger commitment to it.
Listen,
YFI has crushed it in 2020,
so have a ton of other projects on this list.
To me,
my concern with this finance coin that helps automatically regulate interest rates on yield farming projects
is that it will be hard for it to outperform its 2020 numbers.
But Teeka believes that the Yearn Protocol has what it takes to push further.
In my opinion, Yearn.finance will certainly increase in value in 2021.
But will it outperform others on the list?
That is my top question.
Coming in at No. 6, Teeka has Synthetix or SNX.
If you've watched this channel the last few months,
you know that Synthetix is actually my top DeFi pick for 2021.
It's a blue chipper and a legit monster of a project if I do say so myself.
I believe its potential to outperform its 2020 performance is almost a slam dunk.
Synthetix is trying to do something insane.
Last year, the BISS exchange in China was closed down and raided
because they were selling American stocks.
In this digital borderless economy, we still have some tight fences around certain assets,
and people take that serious.
But the demand around the world for American stocks is extremely high.
SNX is making it where anyone around the world with a smartphone can buy any asset around the world
without worry of regulation or breaking a law.
This is huge not only for crypto, but also for the world economy.
I'm glad to see Teeka sees the same types of prospects with Synthetix that I do.
But I do wish it were higher on his list.
In my opinion, it has the highest upside of all the projects covered today.
Coming in at No. 5, Teeka has Curve or CRV.
This is a project that I left off my top DeFi picks for 2021,
but I could have easily included it.
Kind of like Yearn, I think it could have already seen its best days blowing away the competition.
But Teeka believes that Curve,
which helps exchange stablecoins for wrapped versions of Bitcoin,
still has a lot of potential.
He believes that an investment in Curve will net you over 2000% returns next year.
The interesting thing with Curve to me is that I believe for a project like Curve to continue to prosper,
we need DeFi itself to keep building back the momentum it had over the summer.
And while that certainly can happen, there's also a chance that a new niche becomes the hottest trend,
and DeFi numbers continue to stall out.
Now, while it is unlikely, if that does happen, Curve doesn't have a shot for gains that big.
But I do believe, no matter what, Curve increasing in value is a lock.
The question is by how much.
Now, before we look at the top 4 picks, here's my first bonus pick for you, guys---xSigma.
Of course, thank you to xSigma for sponsoring this segment of the video.
But we did a video recently on xSigma, and it is definitely legit
and what we consider to be a top-of-the-line project with a top-of-the-line team.
And speaking of the team, they recently added another team member from Ripple Labs,
Jesse Brauner.
He will now be the Senior Engineer for xSigma.
You can find out more about Jesse on this press release from xSigma.
I heard there could be a lot of Ripple employees looking for work soon.
I kid! I kid!
Maybe.
But the xSigma white paper is now out.
It's a final version with some reason tweaks that have really solidified this project.
The xSigma white paper does a good job of focusing on a lot of the problems around DeFi.
Decentralized finance has opened up a huge opportunity,
but it's also left many cracks for scammers and crappy projects to slide in.
The white paper ties together a lot of those issues and seals those cracks with caulk.
They also include info on how xSigma is going to improve on those aspects.
It contains many of the tokenomics that separates it from other projects
and goes on to explain their greater vision of their NASDAQ company-backed stablecoin exchange.
The xSigma open beta will be out in 2021.
January, to be exact.
So you don't have long to wait.
You become an early LP or liquidity provider on xSigma,
and the rewards you can expect to earn will be multiplied within the first two weeks of the protocol's launch.
Specifically, liquidity providers get 2X rewards during the first week.
Liquidity providers get 1.5X rewards during the second week.
Coming in at No. 4, Teeka has Compound or COMP.
Earlier this year, COMP token took the world by storm.
Pretty much establishing DeFi as a go-to pick for moneymaking in 2020.
Compound 10X'ed right out of the gate
and unseated MakerDAO as a top strictly decentralized finance project.
I expected Compound to have a giant pullback, and it certainly did give up the top spot,
but it has continued to be one of the biggest and most reputable projects in DeFi.
Compound basically serves as a lending protocol for people to collateralize their crypto.
Borrowers are able to put up crypto as collateral in order to take out a loan
so they don't have to burn through their crypto and can change it out for cash.
Those who supply the loans are able to get big returns on their investments,
so it's a win-win for both investor and borrower.
Compound has the largest network in DeFi
and the most amount of money locked onto its market in crypto,
so there's definitely still a lot of room for Compound to compound.
Coming in at No. 3, Teeka has Celsius or the CEL token.
We recently had founder Alex Mashinsky,
also the creator of Voice Over IP known as VOIP,
on the channel for an interview.
You can find out a lot about Celsius in that interview.
You can actually click above to watch it.
Celsius is another project though that clocked in an unbelievable 2020,
so it could be hard to top next year.
But you can stand assured that Celsius is going to increase in value.
Celsius offers a lot of value to their investors through staking products.
Celsius is one of the most legit projects in all of crypto and has been around for years now.
Its vision is to bring more people into crypto for a long time.
They said specifically the next 100 million people.
But PayPal may have already cornered that market because they brought in 350 million people,
so, now, Celsius maybe helping us bring in the first half a billion folks.
Celsius is also aiming to be basically a competitor to big banks,
and we all hate them!
When Celsius wins, banks fail.
Coming in at No. 2, Teeka has Balancer or the BAL token.
This is a project I left off my top coins of 2021 list for DeFi,
but warranted a lot of consideration from me.
I firmly believe that decentralized exchange tokens are going to be a big niche in 2021.
They already were in 2020.
But I believe that DEX tokens have still yet to have their true heyday, so to speak.
Most of the influx of new people into crypto don't even know or care about decentralized exchanges.
Trust me, I talk to a lot every day.
When they figure out their upside,
then it's going to be an explosive time for anything in the DEX niche.
The Uniswap token gets a lot of hype,
but, to me, Balancer is at least just as good,
but it has a lot more room to grow.
We love potential on this channel, and the BAL token has it.
Teeka believes a 100X or more is in store for Balancer.
And while some people may think he's a little off his rocker,
I think he's actually quite balanced.
Two bad dad jokes in a row.
Now, before we get into the top spot,
the No. 1 overall DeFi project from Teeka Tiwari,
I'm going to give you my second bonus pick,
which is SmartKey.
As we'll discuss tomorrow in a video,
the number of projects that I cover on this channel, in the future, will be dropping tremendously.
SmartKey is one that we feel very confident about.
We covered it a few weeks ago and, when I did the research,
I said to myself and my team that this is the exact type of project we want to have on this channel.
If you want to check out my recent review of SmartKey,
you can actually do that by clicking the link above.
But SmartKey has successfully now closed out two rounds of IEO on ProBit.
And it was the most popular project on ProBit in 2020.
That's saying so much.
Full allocation of SKEY sold out within a week.
The listing on ProBit already launched on the 20th of December.
After 3 hours, the exchange rate was going up dynamically and, at one point, it reached 14¢.
SmartKey is one of the very few projects that did not dump after its first listing.
If you've been in the space for a while, you know how rare that is.
After having discussions with most of the exchanges available on the market,
SmartKey is going to select one exchange between Bitfinex, KuCoin and Bithumb Global.
One of those exchange candidates will be selected as a next step for Quarter 1, 2021.
SmartKey's success is based mostly on the fact that they already have a working solution and product.
One of the implementations of SmartKey technology that's really cool that I really love
is that it shows that blockchain can speed up the time to reach people by emergency services,
such as the ability to open up a gate in an apartment complex
or open up a building or a home using the SmartKey app.
Blockchain literally saving lives.
It provides access to keys for areas linked to the Ethereum network.
The app is used by emergency services.
It's a universal technology, which is easy to adopt.
It cuts emergency response times,
provides easy access,
removes barriers for emergency services.
SmartKey has got a lot going on.
Coming in at the top spot,
Teeka has Aave.
Aave right now is already the big dog in DeFi.
If you're looking for the closest thing to Bitcoin or Ethereum in decentralized finance,
Aave is thus far the best we have right now.
While there's no guarantee that it will continue to be the top spot,
I think it pretty well is assured it will remain near the top.
I don't see this advanced flash loan ecosystem falling to the wayside anytime in 2021.
Aave is emerging as a sort of first mover in a lot of areas and offers security to investors.
But here's the thing about Aave.
It offers security to institutions and whales, getting 10% on their money in the form of interest,
while investing in an asset that at the moment seems very stable and very secure
is a big win for Aave.
And this is why it remains atop the DeFi heat.
But let me know what you think.
What projects are you looking at in DeFi?
What do you think about Teeka's picks?
Let me know down below in the comments.
That's all I got.
Be blessed.
BitBoy out.