Place/Date: - May 23rd, 2022 at 3:39 pm UTC · 4 min read
Source: Mushe Token
With the rise of the cryptocurrency market, it is exciting to have so many investment options. It is estimated that there are over 18,000 cryptocurrencies, offering people numerous blockchain options. The number of crypto investors around the world is growing tremendously, with more than 106 million people in the world investing in cryptocurrencies.
These statistics clearly show how cryptocurrencies will become popular-gradually approaching the beginning of the Metaverse and Web 3.0. Blockchain giants like Ethereum (ETH) and Solana (SOL) see currencies plunging in the last few days and explore ways for new entrants to markets like Mushe Token (XMU) to attract the crypto community towards their blockchain.
Bitcoin (BTC) and Ethereum (ETH), the two biggest cryptocurrencies, dropped 30% in market value over the past two weeks, surprising everyone. It comes from what experts call a “crash” in the crypto market. This crash specifically targets popular cryptocurrencies as all the top 50 cryptocurrencies face severe market loss. But that wasn’t the only bad news for Ethereum (ETH). Since the beginning of 2022, its value halved and declined significantly.
In July 2015, Ethereum appeared on the market and soon gained popularity by pioneering the concept of smart contracts in blockchain technology. A smart contract is a virtual contract that automatically executes a reasonable agreement among multiple people online. Its purpose is, in a sense, for a third party to be involved in the digital trading of financial funds. The future of Ethereum seems somewhat doubtful since its value dropped in the last crypto market crash. But despite this, it is still the second-largest cryptocurrency in terms of market capitalization.
Solana (SOL) is a utility token for Solana Network. It is an open-source blockchain platform that allows users to access, build, and deploy decentralized applications (dApps) with programmable smart contracts. Solana also offers more competitive trading and utility costs compared to Ethereum (ETH). For this reason, it was formerly known as the “Ethereum Killer”. It currently ranks as the 9th most valuable cryptocurrency in the world, with a market capitalization of more than $18 billion.
Mushe Token (XMU) is a utility cryptocurrency, unlike many other cryptocurrencies on the market today. Holding a Mushe Token (XMU) gives the owner of the token voting rights and allows them to vote on important decisions that affect the network and its development. Stakeholders can participate in the token draw and get a chance to win among other rewards. Currently, the Mushe Token (XMU) is an ERC20 token on the Ethereum (ETH) network, and the team has announced that it will move to the Stellar (XLM) and Solana (SOL) blockchains in the future.
Solana’s (SOL) fast transactions and Stellar’s (XLM) low transaction fees prompted this move. Unlike the other two tokens we discussed, the Mushe Token (XMU) is currently in the presale stage and has not been launched yet. The first phase of the presale will be released on April 18, 2022, and will run until May 24, 2022, after which the second phase will begin. The presale will end on July 4, 2022, and the tokens will go on sale the next day.
The presale of tokens is a great opportunity to become an early adopter and take advantage of all the benefits the project has to offer, including lower token prices and bonuses than after they’ve been bought on the secondary market. Joining projects in their presale stage provides an excellent opportunity to enjoy the benefits of a mooning project. This can be seen in various projects such as Shiba Inu and Dogecoin. Apart from that, it does possess significant attributes, but it’s too early to predict its future. It could be worth buying and HODLing the token in case it sees success.