Mushe leading the way
Many cryptocurrencies have seen strong gains over the start of the week, but one new protocol that is leading the way is Mushe Token (XMU). Mushe, a token geared to integrate new users into Web3, has seen gains of over 1000% in its latest stages of the presale, and it’s not too late to take part.
The presale which will end at the start of Monday the 27th has been outperforming the market for some time now and many users expect to see continued gains through its growing community. Mushe has unicorn potential as it looks to onboard new users through a simple interface and user-friendly language to integrate people into the world of Web3.
The protocol is releasing a Metaverse Banking services, where users can sell and trade their metaverse products through XMU, their native coin. Moreover, Mushe Wallet will be released in conjunction to this where users can link to the wider Web3 ecosystem to buy, sell, and hold cryptocurrencies or NFTs.
Lastly, Mushe already has an established community, and users can interact with each other through Mushe Chat, its decentralised social media platform. This safe and secure environment is an excellent way for new users to get to grips with the Web3 and the Metaverse through community experience.
With the adoption of Web3 rising exponentially, there is going to be a need for platforms that can onboard users easily, and Mushe plans to do just that.
Solana spikes as Magic Eden raises $130 million
One of the leading layer-1 protocols Solana (SOL) bounced back after their top NFT marketplace Magic Eden raised $130 million in funding and was valued at $1.6 billion. This is great news for Solana lovers as the community sentiment had been relatively low following its second network outage earlier in 2022.
While the technology that Solana possesses is unquestioned, with many believing from a capability standpoint the project is superior to that of even Ethereum, the reliability has been questioned. If community sentiment can remain strong and network outages will not persist there is no reason why Solana cannot be one of the best-performing tokens in 2022.
There is a reason that Solana’s ATH reached over $250, rising from $4.26 at the start of 2021. With further developments to come, the future looks bright for Solana and would seem a good long-term investment given its utility and current price point.
The coin looking to bring Solana down the mountain
One protocol that benefitted from Solana’s outages is Avalanche (AVAX). Avalanche is also a layer-1 protocol that has lightning speeds and has been touted by developers as a coin that could bring Ethereum and Solana down the mountain in years to come.
Moreover, Avalanche is one of the more eco-friendly protocols in the market to date and can proudly boast of being a carbon-neutral network. This is an excellent appeal when looking to grow a community as users and developers alike are now looking to prioritise eco-friendly projects. Sustainability is such an important issue, but also for the long-term success of any project that will be integrated into society, being environmentally friendly will be a big plus to institutions who are keen to promote an image of ethical awareness and involvement.
Many in the space expect Avalanche to be one of the more developer-friendly platforms and in a world where the developers dictate useability this is a key metric when deciding where to invest. Furthermore, Avalanche’s price has narrowed in recent times which is often a key indicator of a breakout and mini bull cycle. If this is to happen expect Avalanche to rise quickly to $38 where the next level of resistance can be seen.
Even so, Avalanche looks to be another safe long-term investment, and while short-term gains can be made, those who HODL will likely be rewarded.
Mushe Token (XMU)
Website: https://www.mushe.world/
Presale: https://portal.mushe.world/sign-in
Telegram: https://t.me/musheworldXMU
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