Cryptocurrencies like Moshnake (MSH), Cardano (ADA), and Synthetix (SNX) allow users to own digital assets or trade them to earn profits. These digital assets eliminate the need for a central monetary authority through a secured decentralized financial network.
These cryptocurrencies are also backed up by blockchain technology, which ensures a tamper-proof record of transactions and keeps track of ownership.
This article explores why these tokens on our cryptocurrency list are viable to own.
Cardano (ADA) is a Proof-of-Stake (PoS) blockchain platform focused on innovations and technologies to effect positive changes in the world.
One underlying potential of Cardano’s (ADA) viability is its number of use cases. Cardano (ADA) aims at solving multiple problems across various industries through numerous use cases such as Education, Retail, Agriculture, Government, Finance, and Health Care.
Furthermore, its Ouroboros network is the world’s first peer-reviewed and verifiable blockchain-secured protocol. With the implementation of Ouroboros, the Cardano (ADA) network allows for decentralization and sustainable scaling to global requirements without breaching its security.
Its native token is the ADA token, derived from the world’s first computer programmer—Augusta Ada King, Countess of Lovelace. The token serves as a utility and a governance token, giving holders the right to vote on any changes proposed to its software.
The Cardano (ADA) network has a maximum supply of 45 billion tokens, with about 31 billion in circulation. The token, at its presale, was worth about $0.0024, but its current market price is enough evidence of its viability, as it has appreciated by more than 1000%.
Synthetix (SNX) is one of the most decentralized trading systems with viable and unique options in the coin market. The platform, built on the Ethereum blockchain, is a distributed asset insurance protocol that enables its users to use and trade synthetic decentralized assets.
The Synthetix (SNX) platform functions on three decentralized autonomous organizations (DAOs). The protocol’s DAO controls funds for upgrades and changes to Synthetix smart contracts, the Grants DAO controls funding for public goods on Synthetix through community proposals, and the Synthetix DAO controls funding for entities growing the network’s development.
The Synth (SNX) token—an ERC-20 token—powers the Synthetix network. It serves as a means of exchange and supports the building of decentralized applications (dApps) on its network using smart contracts. Token holders can also generate Synth (SNX) tokens, get rewarded, and watch their tokens gain value through staking.
Moshnake (MSH) is a crypto platform specializing in community-based play-to-earn games for its users. As the crypto space continues to evolve, various blockchain developers have looked to explore different use cases in solving inherent challenges.
Moshnake (MSH), built on the BNB Smart Chain (BSC), is an NFT gaming platform inspired by the classic “Snake” game. The platform provides added earning benefits when anonymously playing with its snake NFTs (Viper, Mamba, Krait, and Cobra).
Furthermore, Moshnake (MSH) provides a fast and cheap gaming platform compatible with MetaMask and is connected with various centralized exchanges (CEXs).
The Moshnake Token (MSH) serves as its governance token, while the Venom Token (VEN) is its in-game currency. The platform also boasts a marketplace where users can trade various NFTs and other in-game assets.
With its growing popularity in the GameFi economy, Moshnake (MSH) provides an environment-friendly network with a viable cryptocurrency that could hugely benefit users.
Cryptocurrencies like Moshnake (MSH), Cardano (ADA), and Synthetix (SNX) could significantly boost the portfolios of crypto traders. Based on the widespread popularity of the GameFi network and its future expansion and development plans, Moshnake (MSH) users can also explore various gaming experiences, including NFTs and the Metaverse.
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.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
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