Place/Date: - September 25th, 2022 at 12:24 pm UTC · 3 min read
The last couple of years has been extremely fruitful for the cryptocurrency industry. Mainstream interest has never been higher and has infiltrated global communities on a tremendous scale. It is at the point where global adoption is a major talking point worldwide, and we could see crypto introduced as a major form of exchange in the not-too-distant future. Several countries have already implemented this and are reaping the benefits. The future has never looked brighter for the industry.
However, the ongoing bear market threatens to stall the recent advancement that the industry has made. Popular for being an extended period of extreme market volatility and negative prices, the bear market is putting a significant strain on day-to-day activities within the industry and scaring away potential investors and traders. Such is the severity of the situation that crypto players are turning to unorthodox strategies to stay afloat. One strategy that has proved successful in the past and is becoming preferred by crypto players is long-term cryptocurrency investments.
With the situation within the industry worsening by the second, we take an in-depth look at three altcoins that would make fantastic long-term cryptocurrency investments in the current climate. Here’s all you need to know about Uniswap (UNI), Compound (COMP) and Moshnake Token (MSH).
Uniswap (UNI) is a decentralized exchange (DEX) that enables the swapping of tokens without reliance on buyers and sellers to create liquidity. Uniswap (UNI) is able to achieve this through a Liquidity Pool feature which balances the value of tokens and enables swapping depending on how much users want to buy and sell. Additionally, it supports every ERC-20 token.
Its native cryptocurrency, UNI, powers its ecosystem, provides utility and acts as a governance token. UNI enables guaranteed participation in the Uniswap government and access to other exclusive features, such as the UNI community treasury, the protocol fee switch and SOCKS liquidity tokens, amongst others. It is a top 25 cryptocurrency by market cap and is available on centralized and decentralized crypto exchanges worldwide.
Compound (COMP) is a notable De-Fi product which is also a system of openly accessible smart contracts. It runs on the Ethereum (ETH) network and provides a service that enables borrowers to take out loans and lenders to offer loans by locking their crypto assets into the protocol. Borrowers and lenders gain interest rates determined by the supply and demand of each crypto asset.
Its native cryptocurrency, COMP, allows users to earn interest on their money while also transferring and trading. COMP also facilitates several operations on Compound, such as network governance, payment fees and more.
Moshnake Token (MSH) is the native cryptocurrency of Moshnake, a crypto gaming platform that seeks to deliver a nostalgic experience to the gaming community with the added incentive of winning rewards. Moshnake is a Play-to-earn (P2E) game inspired by the classic Nokia snake game in the early Internet era. Moshnake Token (MSH) plays an integral role in the Moshnake ecosystem, facilitating several operations such as rewards, network governance and payment fees.
Moshnake Token (MSH) is a BEP-20 token and features low transaction fees and fast transaction speeds, making it ideal for interaction among traders in the industry. The token is fast approaching its presale and could quickly become a valuable asset in the current climate. For more information on Moshnake, watch this space: website, Telegram, Twitter.
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