Sometimes all you need to make that breakthrough purchase in crypto is to find a new cryptocurrency. A new cryptocurrency may not be a project that’s just launching; it could be one you’re just learning about.
Hence, in this article, we have prepared the three cryptocurrencies Hedera (HBAR), Cronos (CRO) and Mehracki Token (MKI) for you to peruse. All three provide solutions to the general landscape and could be nice to look at what they are about.
Hedera (HBAR) is a cryptocurrency that operates on a hashgraph blockchain. Cryptocurrencies, smart contracts and D’apps are all possible with the Hedera Hashgraph. Hedera is owned and backed by some of the world’s largest corporations, and it employs a modified version of the proof-of-stake consensus algorithm to provide faster transaction times, lower fees, and lower energy consumption when compared to other cryptocurrencies. The Hedera Hashgraph is a one-of-a-kind blockchain that powers cryptocurrencies, smart contracts and DApps.
Hedera is based on a distinct communication protocol that differs from proof-of-work blockchains such as Bitcoin, and uses a governing protocol similar to the Ethereum blockchain. The Hedera distributed ledger operates on a network of nodes run by large corporations such as Google and IBM, and it employs a “gossip protocol” algorithm to ensure fast low-cost transactions.
According to Hedera, the network can handle more than 10,000 transactions per second with a settlement and confirmation time of three to five seconds. The average transaction cost on Hadera is $0.0001, requiring only a fraction of the energy consumed by the most well-known blockchains like the Ethereum blockchain and others.
HBAR was created in 2018 but has been a top cryptocurrency asset since 2020. It currently has a market cap of $1.5 billion which is decent strength in a bear market rally and it could mean that the network is a solid store of value.
Cronos (CRO) is the blockchain’s native token created by CRO Protocol Labs, also known as Crypto.com. It is a company that offers a centralised finance application and exchange. You can buy and sell cryptocurrency, stake your cryptocurrency and earn money with it, store all of your cryptocurrency in one wallet and much more.
Crypto.com, formerly Monaco, was rebranded in 2018. It is a complete financial platform that provides cryptocurrency trading services via an exchange, payment services via an app and a Visa card, decentralised finance options and non-fungible tokens. CRO, the company’s own cryptocurrency, is also used in its blockchain to power its applications.
Cronos was created to help accelerate the adoption of cryptocurrencies around the world. The founders decided to let the platform encompass all the decentralized needs of cryptocurrency users. So they built a closed-source blockchain to carry out all services required on the network. The network is said to share some similarities with the Ethereum blockchain but it’s not open to the public so its limit cannot be tested.
CRO had an impressive run in 2021 with the cryptocurrency running from 5 cents to 96 cents in November 2021. A lot of people were waiting for the $1 mark but it didn’t happen because that seemed like the start of the bear market rally we have now. CRO is currently at $0.11 and has a market cap of $2.8 billion as of 22 June 2022.
Mehracki Token (MKI)
Mehracki Token (MKI) is a meme-driven community or a community-driven meme token, whichever way you prefer to look at it. The point of this project is they are building a unique meme narrative and a community to uphold it. Mehracki will be propagating the narrative of “feeling meh” which is perfect for the market condition we presently have.
Meme coins have shown the capability to take us out of a bear market rally, and Mehracki Token (MKI) is testing that theory to the limits. It’s trying to build a community around its narrative in an ecosystem filled with dog memes and several other derivatives. The market wants something different and Mehracki Token is taking that opportunity.
MKI seems like the next big thing and this is the earliest time to discover it, join the presale here.