Place/Date: - May 25th, 2022 at 1:40 pm UTC · 4 min read
Source: Mushe Token
The first few months of 2022 were slower for the crypto industry compared to the big boom this industry witnessed in 2021. It was a tough week for some of the most popular cryptocurrencies like Dogecoin (DOGE), and Cardano (ADA), with their market value dipping by 8.25% and 4.45% respectively. Amid many struggling stable cryptocurrencies, a new cryptocurrency has already disrupted the market through its presale.
Over the past few days, the price of Mushe Token (XMU) has risen 44% as the popularity of tokens has skyrocketed in presale. When it comes to making money with cryptocurrencies, presale investment is one of the best options. It is too early to compare Mushe Token (XMU) with crypto giants like Dogecoin (DOGE) or Cardano (ADA), but it does possess the potential to put crypto giants like them in trouble real soon.
Dogecoin (DOGE) is ranked the 12th biggest cryptocurrency globally, and it has a market capitalization of more than $16 billion. It is considered one of the most famous cryptocurrencies in social communities. This is its biggest advantage over any other major cryptocurrency, as well as being supported by entrepreneur Elon Musk.
The unparalleled support for Dogecoin (DOGE) from the meme coin community has contributed to its success and potential future milestones. Compared to many other cryptocurrencies, it has low transaction fees, making it an attractive option for those who want to trade at the lowest cost.
Since launching smart contracts, Cardano (ADA) has been responsible for the development of blockchain networks. With its rapidly evolving blockchain technology, Cardano aims to develop a wide variety of well-designed applications for secure and reliable blockchains.
Redistributing power from irresponsible structures is a defined purpose of Cardano (ADA). According to the company, smart contracts and supply chain governance will be the future of Cardano’s third-generation blockchain. With a market capitalization of more than $26 billion, it is currently ranked the 9th largest cryptocurrency globally.
Mushe (XMU) is a new token that runs on the Ethereum blockchain and aims to create an ecosystem that puts the community and owners at the centre of the strategy. It is a project that develops cryptocurrency and fiat compatible financial products, which is creating an innovative ecosystem. This ecosystem strengthens, educates, and promotes trading in the cryptocurrency community. The Mushe (XMU) project solves one of the major problems in the financial world today: the limited division of fiat and crypto space, as well as the complexity of the tools provided by existing crypto and banking companies.
Trading, exchanging, depositing, or withdrawing cryptocurrencies and fiat currencies is not an easy task to do for beginners – almost every entry-level crypto user faces this issue. This is because the user interface for interacting with KYC and other security features is becoming increasingly difficult. In addition, the increasingly complex user interface of tools such as Binance and KuCoin means that the user experience for both beginners and experienced crypto users can be stressful and unnecessarily complex.
Mushe Token (XMU) seeks to address these issues by developing a robust integrated ecosystem that integrates fiat and crypto financial services. With MusheVerse, the Mushe community can seamlessly browse Mushe products and, among other features, buy NFTs from a dedicated marketplace.
Mushe developers are also working on a Metaverse banking service to build partnerships between Mushe Token (XMU) and existing online banks.
As part of its efforts to become a one-stop-shop for cryptocurrencies, people will be able to send and receive cryptocurrencies between friends, pay merchants, and exchange currencies. The DeFi platform facilitates transactions using cross-platform features and offers lower exchange rates than other digital banking services. Users can earn XMUs by shopping, buying NFTs, and chatting with other users in the community. It’s also aiming to partner with video game providers to help Metaverse gamers monetize their skills.