The coin market is similar to other financial markets worldwide. Every experienced trader knows the importance of hype and how it can spur an asset to new heights. As a result, most traders are found purchasing coins with plenty of hype around them. While this may seem like a sound strategy, an interesting thing to note is that occasionally certain coins spring out of nowhere and take over the market space. Many times, these explosive price movements occur when no one is paying attention.
If you’re interested in trying another trading strategy, purchasing coins that are not the center of the news and waiting for them to bloom, this piece is for you. You’ll find a list of crypto tokens that are currently underhyped but with the potential for much more.
Stellar
An interesting thing to note about the coin market is that several innovative digital assets exist. Each of them offers something different. While you’ll find coins that are satisfied with solely being used as a means of payment and transfer of assets, others provide a unique type of utility. Stellar is one of those projects introducing an entirely different set of features to the coin market. This cryptocurrency is designed to support payment systems worldwide. It aims to be the first blockchain-based solution to unite the traditional financial system.
Think of the near-limitless potential that traditional financial institutions would enjoy if their transactions could be processed seamlessly without lengthy confirmations. This means that Stellar can be used to process cryptocurrency transactions. Stellar was a decentralized protocol created by the Stellar Development Foundation. XLM is the token that powers this decentralized protocol. Through token burns, the Stellar Development Foundation plans to maintain a high price of its digital asset. These burns will reduce the overall total supply of Stellar.
Shiba Inu
Shiba Inu was among the most popular meme coins on the coin market. But the hype around it has died down significantly. After Shiba Inu proved it could compete with Dogecoin, many users started flocking to it. They believed that Shiba Inu would be the next top coin in the crypto space. There were some interesting things to note about Shiba Inu.
To start with, Shiba Inu adopts a community-driven approach. This means that a community of users will determine its growth and development. Today, there are more than five hundred thousand users on Shiba Inu, and there are still more on the way. This active community of users is referred to as the Shiba Army. Also, Shiba Inu’s developers recognized some of the deficiencies of Dogecoin. That’s why they have ensured that Shiba Inu will have a limited market supply.
Furthermore, Shiba Inu is more than a meme coin. It will be an ecosystem of cryptocurrency activities. Through the ShibaSwap, users can trade different cryptocurrencies for each other. Shiba Inu has introduced token burns to reduce the number of SHIB in circulation and force its value to increase.
Moshnake
Moshnake is a play-to-earn NFT game that has won the hearts of crypto users worldwide. Why have users fallen in love with this crypto token? Well, Moshnake adopts the same system as an early retro game. So, this game brings back unique memories for users. Anyone can be a part of Moshnake’s gaming world, but you’ll need to get your own NFT snake to get started. You can buy either viper, cobra, krait or mamba. However, you need to note that the prices and attributes of each of them are different.
Players will earn money from taking care of their NFT snake. The longer it gets, the more money you’ll earn from it. Your snake will grow by feeding it eggs and other in-game items. To purchase these items, you’ll spend MSH tokens.
Moshnake:
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken
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