The decentralized finance segment of the cryptocurrency market has been one of the most well-performing ones. While Ethereum may be considered the queen of the market, it is high time investors start to look beyond the queen. As Ethereum has plenty of fundamental flaws, there has been a high influx of DeFi projects in the market targeting the shortcomings of Ethereum. Alpha Finance Lab is one such project with a unique proposition. Let’s delve more into what Alpha Finance Lab is all about!
What is Alpha Finance Lab?
Alpha Finance Lab is an ecosystem of interoperable DeFi products. The network focuses on heavy in-depth research in the market in order to identify gaps and subsequently launching products to fulfill the consumer demand. The aim of the network is to offer DeFi products with the least risk and maximum return – encouraging new entrant in the market.
Alpha Lab Finance focuses on two major problems that are plaguing the DeFi space. The first problem is the wide use of Ethereum despite Ethereum suffering from network congestion and high gas fees due to its lack of scalability. Secondly, decentralized exchanges often have low liquidity which discourages new users. Alpha Finance Lab aims to solve these problems by making sure that the DeFi solutions are aligned with the problems. It targets the unmet needs of consumers in the market with their extensive product development procedures.
The products are built on the platform after an extensive research and ideation process to ensure that they fulfill unmet demands. Alpha Finance Lab aims on creating an ecosystem of DeFi products which will synergize to boost the sector. The first product launched by the protocol was Alpha Lending – a lending protocol based on Binance Smart Chain. What set Alpha Lending apart was that the protocol adjusted its interest rates automatically through algorithms.
Future Outlook
The future outlook of Alpha Finance Lab cannot be bleak as the network is constantly researching and ideating about new innovations in the market which would fill out its gaps. This unique proposition of the network is what sets it apart. Now with three unique ecosystems, the network can definitely be a good long-term investment.
At the time of writing, ALPHA token stands at a price level of $0.86. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $1.96 in a year’s time. The upward trend of ALPHA is expected to continue helping the cryptocurrency reach towards $5.66 in five years’ time. Digital Coin Price predicts the price to be skirting near $3 by 2026.
