Whilst some crypto holders are lamenting the current bear market, many diligent investors are capitalising on this economic opportunity by purchasing tokens at rock bottom prices before the markets inevitably bounce back.
We take a look at three opportunities for investment for this month starting with an emerging project in the DeFi and metaverse space, Mushe Token (XMU), along with two long-established projects: Stellar (XLM) and Ethereum (ETH).
Mushe Token (XMU) is a utility token for Metaverse and Gaming
Mushe Token (XMU) is a utility token designed for use within the project’s ecosystem. The token is also used for network governance, as staking Mushe Token (XMU) confers voting privileges to the token owner, and they can vote on key decisions affecting the network and its development. Staking also allows the token owner to participate in token lotteries for the chance to win prizes, as well as other reward programs.
At present, Mushe Token (XMU) is an ERC20 token on the Ethereum network and the team has said that it will be migrating to the Stellar and Solana blockchains in the future. The reasons for this include Stellar’s low transaction fees and its dedication towards “financial inclusion for the underbanked population”, and will be migrating to Solana to help realise its gaming ambitions.
Unlike the two other tokens which we discuss, Mushe Token (XMU) is currently in its pre-sale and has not yet launched. The first presale stage went live on April 18, 2022, and will run through to May 24, 2022, after which the second stage will commence. The pre-sale finishes on July 4, 2022, and the token will launch the following day.
Token pre-sales are often great opportunities for getting involved with a project as an early adopter and enjoying all the benefits which go with it, such as low token prices compared to later adopters who purchase through secondary markets and bonuses.
Those who purchase Mushe Token (XMU) during the first presale stage will also be eligible to receive a bonus of 50% extra XMU based on their total purchase volume during the qualifying period.
Solana (SOL) is for creators and users of dApps
Solana (SOL) is the utility token of the Solana network. Solana is an open-source blockchain platform upon which users can access, build and deploy decentralised applications (dApps), similarly to Ethereum, with programmable smart contracts.
Solana also offers much more competitive transaction and utility fees compared to Ethereum which is why it has previously been dubbed an “Ethereum killer”.
The Solana (SOL) token right now has become a poster child for the bear market. This means that if you are thinking of investing then you should be very careful to weigh up the risk and potential gains, versus the strength of the project fundamentals and its likelihood to endure against price pressure.
Ethereum (ETH) and the first smart contract blockchain platform
Ethereum (ETH) is the second-largest cryptocurrency by market cap after Bitcoin has been around for a long time. Ethereum has one of the largest and most active communities in the crypto space and the platform is creator-focused, allowing users to develop and deploy their tokens, child chains, and dApps.
Currently, the Ethereum network uses a cost and resource-intensive proof-of-work consensus (PoW), but an upgrade to proof-of-stake (PoS) is planned in a highly anticipated update called Ethereum 2.0.
One of the main strengths of Ethereum is the dedication of its community, and developers at the Ethereum foundation. Ethereum is always under development, and its enthusiasts help to ensure that the project, token, and community continue to thrive.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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