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A bearish trend has plagued the cryptocurrency market since the first quarter of 2022. The trend has come to be known as the crypto collapse, and most coin projects have suffered huge price drops since March. Here, we will be reviewing some tokens that are expected to spike in the coming weeks–Cardano (ADA), Stellar (XLM), and Moshnake (MSH) – as they are about to add protocols that will attract users from all over the crypto space.
Cardano (ADA)
Cardano (ADA) is a platform designed to present a new generation of blockchain solutions, as most existing blockchains are plagued with issues with scalability and flexibility. The Cardano project was launched by Charles Hoskinson, a co-founder of the Ethereum network, in 2017 to address the high gas fees and slow transaction processing speed of many blockchains.
The platform runs a Consensus protocol, called Ouroboros, that gives the network high scalability. The Ouroboros protocol is integrated into a double blockchain structure, comprising the Cardano Settlement Layer and the Cardano Computing Layer. The settlement layer contains the ledgers and accounts of all users and is where the Ouroboros program is located. The computing layer handles the execution of transactions. The double-layer blockchain idea enables Cardano (ADA) to process many transactions simultaneously.
The development team has scheduled a smart contract integration for later in 2022, enabling them to add more protocols like NFTs, DApps, and games. Cardano (ADA) is in decline, but the prices are expected to spike considering the anticipated upgrade.
Stellar (XLM)
Stellar (XLM) was launched in 2014 as a fork of the original protocol to ensure fast network processing, low gas fees, and worldwide interoperability in the finance industry. The project’s main aim is to unite the crypto space with banks, payment systems, and individuals while ensuring secure connections.
Stellar (XLM) acts as an intermediary between financial institutions to achieve its aim. Banks can transfer money from one country to another by converting fiat currency to Stellar (XLM), which is then converted to the desired currency in another country. Payment systems also perform their transactions in a similar manner. Consequently, Stellar (XLM) has landed several partnerships with banks and payment systems worldwide in recent years, serving as the leading exchange medium for such institutions.
The platform’s success doesn’t exactly reflect on the coin’s cryptocurrency price, as it is still considerably low, about $0.11 at the time of writing. However, the token might experience a price spike in the coming weeks because of Stellar’s (XLM) collaborations.
Moshnake (MSH)
Moshnake (MSH) is another novel crypto project to look out for in the coming weeks. You should join in the presales now, so you can be a part of the community, as the developers have added user-friendly protocols that will ensure that token’s sustainability.
Moshnake (MSH) is a typical GameFi token, where users play the available games to earn tokens they can swap for fiat currencies. The game features here are inspired by Snake, the classic game software available on early mobiles. The game is easy to play and suitable for users of all age categories.
The token is based on the Binance Smart Chain, where fast and secure transactions with low network fees are guaranteed. To ensure general acceptability, the developers made it compatible with MetaMask, which runs on the Ethereum blockchain. This way, the project is available for more users across the crypto space.
Like other GameFi platforms, Moshnake (MSH) features an extensive NFT supply in anticipation of the users from the presales. The NFTs available are snake avatars for use in the game. Players can also mint and trade their NFTs on the platform’s marketplace.
Moshnake developers have scheduled many plans for the token’s future in the cryptocurrency market. Some of them include listing on significant exchange platforms like CoinMarketCap and CoinGecko, ensuring robust security, as they would soon complete their smart contract audits, and completing the platform’s transformation to a Decentralized Autonomous Organization, where the community members will hold power to approve protocol changes.
So, if you missed out on Tamadoge, here’s the big news: Moshnake’s (MSH) presale is still on, and it’s a chance to join the next big GameFi project.
Follow this link to buy your tokens and monitor the presale progress.
Moshnake (MSH)
Presale: https://www.moshnake.io/how-to-buy
Website: https://www.moshnake.io/
Telegram: https://t.me/MoshnakeOfficial
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
The post Cardano, Stellar, and Moshnake: Top 3 Coins to Watch Out for in the Cryptocurrency Market appeared first on The Cryptonomist.
