HypaSwap (HYPA) Dash (DASH) And Pancakeswap (CAKE)
The Pancakeswap (CAKE) token is currently ranked 79th on the crypto market cap charts. A few ranks before CAKE is DASH which is the 75th cryptocurrency on the chart. Admittedly, getting to the top hundred on the crypto market chart is no easy feat.
It is even more difficult to reach the ranks, gain a billion-dollar valuation and sustain momentum. Many coins that have performed well in the past few years have ended up falling off the cliff. For example, LUNC, formerly LUNA was once a top ten cryptocurrency. Today though, LUNC is not even in the top hundred ranks.
Interestingly, while CAKE and DASH have successfully maintained their position at the top over the years, they may face extra competition soon. The (HYPA) token is a new generation DeFi token that will impact the blockchain ecosystem for good. It has several features that make it an attractive token to hold. What are these features?
HypaSwap (HYPA) Is A More Secure Protocol Than Pancakeswap (CAKE) And Dash (DASH)
The security of decentralized protocols is a highly debated topic. DeFi has been tipped to be a more secure model than traditional finance models. However, several DeFi protocols have been hacked in many instances. Cumulatively, billions of dollars have been lost in protocol hacks.
In the past, Pancakeswap (CAKE) has suffered a series of attacks. While the decentralized platform has always come out of its attacks, a few users have lost trust in the protocol’s security.
HypaSwap (HYPA), being a relatively new decentralized protocol has learned from existing protocols. To keep the network secure, the platform performs regular security checks and audits. The HypaSwap protocol has passed all checks so far. When a loophole is identified in HypaSwap’s smart contract, the hole is quickly fixed, preventing any form of damage to the financial service platform.
Dash (DASH) is quite secure, being a Bitcoin (BTC) fork. Although the protocol is not as secure as Bitcoin (BTC) itself. The token is used as payment and is a faster tool for financial transactions than BTC. Dash’s security framework is quite different from HypaSwap (HYPA). However, both protocols are secure and their decentralized organizations are active.
The HypaSwap (HYPA) Protocol Predicts Extreme Market Conditions
The HypaSwap uses historical data to predict price movements. While historical data prediction cannot be 100% accurate, it can be useful in the price analysis. The protocol Geometric Brownian motion (GBM) to create a simulation of price trajectories.
This mechanism uses volatility and asset correlation to ensure a near-accurate price prediction. This model has been successful in many instances, and will still be successfully used in the future.
Undoubtedly, the HypaSwap protocol has many advantages over Pancakeswap (CAKE) and Dash (DASH). The protocol is secure and implements a more comprehensive price prediction technique. CAKE and DASH have gained ground as one of the top hundred cryptocurrencies for some time. HypaSwap may be the next crypto asset to reach the top hundred, and even top fifty ranks in little time.