Cryptocurrency trader and YouTuber Ben Armstrong says he expects a very unknown decentralized finance (DeFi) project to explode this year.
In a new video, Armstrong says he follows Frontier (FRONT), a little-known DeFi ore that has already built great partnerships and connections in the emerging industry to 548,000 YouTube subscribers.
“Frontier is a chain-independent DeFi aggregation layer that is already connected to everyone, and I mean all the major platforms and ecosystems in the DeFi space. Frontier brings the essential parts of DeFi to users on all these platforms. It has rewards for gas-free transactions, yield farming, obtaining and generating NFT, staking, governance, and application efficiency. "
Popular name FRONT, Avalanche (AVAX), THORChain (RUNE), Solana (SOL), yearn.finance (YFI), Aave (AAVE), Algorand (ALGO), Elrond (EGLD), Binance Smart Chain, Cosmos (ATOM ), Band Protocol (BAND), Matic, Polygon, AllianceBlock (ALBT), Kava, Harmony (ONE), Celo, Stafi (FIS) and more.
Armstrong said, "Spoiler: Frontier will enter the Polkadot ecosystem through Stafi, so all parachains will be used by the entire DOT ecosystem."
Armstrong also emphasizes that Frontier is working with US-based crypto exchange Coinbase to make DeFi accessible to 43 million users in 100 countries.
“Coinbase wallet users can also track all DeFi portfolios and receive smart DeFi notifications, access yearn.finance, token swap and more in one place. Frontier is Coinbase's magic wand that activates everything with a few clicks. All projects supported by Coinbase will be connected to Frontier as it is a DeFi gateway platform. "
The crypto trader and analyst states that besides Coinbase, other major cryptocurrency companies, including Binance, FTX Exchange and Coingecko, support the DeFi project:
“Now, if we see that the three major exchanges supporting a project, Coinbase, Binance, and FTX, all of the largest hedge funds supporting it, and every DeFi and scaling ecosystem are in common, it's almost the same as picking the lottery ticket knowing you will win. The list of partnerships and integrations is absolutely endless. ”
Frontier, with a market capitalization of around $ 78 million, could potentially earn 18 times the value of yearn.finance and reach $ 1.4 billion, according to Armstrong.
Last day, on February 17, FRONT performed tremendously over 483% from $ 1.15 to an all-time high of $ 6.71 in a 24-hour period. According to CoinMarketCap, FRONT was trading at $ 3.91 at the time of writing.
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