The crypto market continuously brings profit to investors with rapidly developing structures and dynamics changing day by day. It is a hot buzzword in-office meetings to dinner tables. Cryptocurrency has successfully made many, millionaires overnight in recent years.
It has the potential to enable social and economic growth throughout the world. Investors are now looking for good projects that are still in their pre-sale stages and have the potential to grow in the long run.
Mushe (XMU) is a decentralized token still in its pre-sale stages that aims to be a blockchain for low transaction costs and financial inclusion for the underbanked population. Investing in Mushe (XMU) could make you long term profit. Other cryptocurrencies like Elrond (EGLD) and NEAR Protocol (NEAR) will be discussed.
Why it’s worth looking in Mushe (XMU) as a future investment.
Mushe (XMU) is a decentralized utility cryptocurrency developed on Ethereum (ETH) blockchain, facilitating peer-to-peer interaction, governance, and rewards. This Token aims to tackle modern-day deficiencies of the crypto market with it migrating to Stellars open network soon after it launches.
The project offers features that are applicable in real-life inlcuding metaverse banking, which allows users to trade metaverse products and services. In addition, Mushe (XMU) aims to provide holders with voting rights and allows them to vote on important decisions that affect the network and its development. MusheChat will be a social platform where users can communicate with family and friends without third-party interference. Developers are on a mission to support worldwide blockchain adoption and ensure everyone has access to digital assets.
Is NEAR Protocol (NEAR) Ethereum's Killer?
NEAR Protocol (NEAR) ,a community-based smart contract blockchain platform also known as “Ethereum Killer” results from the advanced technologies it employs, allowing the development of smart contracts and dApps from its blockchain. It aims to incentivize a network of computers to operate for developers to launch decentralized applications. Its main concept is to split the network’s infrastructure into different segments for computers. It offers a low transaction fee compared to other popular coins. The blockchain is based on Proof-Of-Stake (PoS) consensus algorithm which intends to compete with other platforms. NEAR Protocol (NEAR) significant segment focuses on sharding and nodes. Organizations and individuals operate the nodes. They offer a portion of their hard drives on deployed servers and hard drives on laptops.
Does Elrond (EGLD) use one of the best Sharding technologies?
Elrond (EGLD) allows users to build decentralized applications (dApps) to create a new internet economy. It aims to tackle the blockchain network congestion issues by providing its user's scalability solutions. It is faster, secure, and highly decentralized, with more than 2,000 nodes. In addition, the Elrond blockchain comes with a six-second block time, meaning that transactions are executed in real-time with barely any delays.
It can process up to 16,000 transactions per second with an incentivization mechanism. Elrond (EGLD) will use Adaptive State Sharding technology to increase its number of transactions per second. It focuses on providing a platform that allows anyone to quickly send digital currencies with a minimal fee. The entire network is divided into shards that will be utilized to scale the network. The SPoS consensus mechanism will lower the network and improve the network's processing power.
Investing in NEAR Protocol (NEAR) and Elrond (EGLD) will potentially give you good profits but won’t make you a millionaire. Investing in Mushe (XMU) while it is still in its pre-sale stages might be be a great investment opportunity. NEAR Protocol (NEAR) is facing competition against other cryptocurrencies with new technologies. Moreover, Elrond (EGLD) is still not compatible with cross-chain interoperability. Mushe (XMU) is looking like it will be the next big cryptocurrency that could take up the crypto market by storm.
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