Despite the volatility of the cryptocurrency market, crypto users can still make passive income by buying and holding potentially profitable cryptos like the Moshnake (MSH), Solana (SOL), and Kava (KAVA).
Moshnake (MSH) is the latest play-to-earn crypto platform with valuable prospects thanks to its rebranding and NFTs.
Conversely, pre-established platforms like Solana (SOL) and Kava (KAVA) are also potentially valuable. These two platforms support dApps and Web3 applications — thereby attracting various developers to their platforms.
Let’s explore the valuable prospects of these three cryptocurrencies.
Moshnake: The Latest Play-to-Earn Platform
Moshnake (MSH) is a blockchain gaming platform built on the Binance Smart Chain (BSC) network. The platform comes to the public as a reincarnation of the legendary Xenzia snake game on old Nokia phones.
Moshnake (MSH) developers are bringing back this exciting game with an improvement — allowing players to earn while having fun. Using blockchain technology, users can now enjoy improved graphics and competitiveness amongst players.
Moshnake (MSH) presents players with play-to-earn NFT gaming. Players can maneuver their NFT snakes to feed them eggs and in-game items in the arena. They can also buy and sell different NFTs and in-game items in the NFT marketplace.
Moshnake (MSH) token is the governance token used for voting on the Moshnake platform. It also facilitates transactions on the platform. Conversely, the Venom (VEN) token is the in-game currency used for paying game entrance fees, as well as buying special merchandise released.
Moshnake (MSH) will proportionally distribute rewards from the portion of the tax collected from VEN token transactions to its Moshnake (MSH) token holders.
Solana: The Energy-Efficient Blockchain
Solana (SOL) is one of the fast-rising crypto platforms that has made its mark among the top 10 largest cryptocurrencies on CoinMarketCap. The platform has experienced immense growth from its day of launch when it traded for less than $1. At the time of writing, Solana (SOL) trades at $33 with a market capitalization of about $11.75 billion on the coin market.
Solana is an open-source platform that utilizes the permissionless nature of blockchain technology to provide a decentralized financial (DeFi) solution. Therefore, it was designed for launching various decentralized applications (dApps).
Solana’s high scalability and energy efficiency are due to its combination of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms.
SOL is the native token of the Solana Network. It is used to pay transaction fees on the network. SOL token holders can also stake their tokens to secure the network and earn staking rewards.
Due to its innovative potential, the Solana (SOL) project has become a good buy for crypto enthusiasts and traders. Also, the platform’s fast transaction speed and low network fees have drawn more interest to its blockchain.
Kava: The Dual-Chain Network
The Kava (KAVA) network is a layer-1 blockchain that utilizes a dual ecosystem to remain scalable. The platform is powered by the super fast tendermint consensus mechanism that combines the interoperability of Cosmos (ATOM) with the flexibility and speed of the Ethereum (ETH) smart contract.
The native token KAVA is a governance and utility token on the platform. It can be staked by validators or delegated to validators nodes. These nodes earn about 37.5% of all KAVA fees in rewards. Stakers also enjoy voting rights on governance proposals.
KAVA has prospects for its buyers based on its on-chain incentives, which encourage the best developers and projects on Web3 with rewards. The platform’s seamless interoperability to other platforms also helps its connectivity to multiple users, digital assets, and projects.
With the valuable dApps and Web3 offerings on the Solana (SOL) and Kava (KAVA) blockchains, these two cryptocurrencies are expected to yield long-term profits.
The new cryptocurrency, Moshnake (MSH), also demonstrates its profitability given its revamped classical game and NFTs.
Therefore, you should consider buying and holding these three cryptocurrencies for long-term benefits.
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