The cryptocurrency market has experienced a lot of ups and downs in 2022, so you may expect that the beginning of a new month would bring more profitable possibilities for cryptocurrency investors.
Many cryptocurrencies had just started recovering from the previous month’s events when, regrettably, it looks like another massive crypto meltdown is upon us.
Consequently, investors are presumably on the lookout for low-risk alternative coins. Among the newer cryptocurrencies, Moshnake (MSH) has the potential to be a good investment, while Binance Coin (BNB) and Stellar (XLM) are well-established digital currencies with high resurgence potential.
In this article, we’ll look at how these three cryptocurrencies can help you grow your portfolio’s profitability over time.
Binance Coin Builds Momentum
The Binance Exchange’s native cryptocurrency token is known by its ticker symbol, “BNB,” or called Binance Coin (BNB). The Binance Coin (BNB) was previously an ERC-20 token traded on the Ethereum blockchain until it was forked off and developed into its cryptocurrency.
Since its inception in 2017 as a utility token for reduced trading fees, Binance Coin (BNB) has developed into a market leader in various sectors. These sectors include, but are not limited to, the payment of transaction fees on the Binance Chain, travel bookings, entertainment and media services, online services, financial services, etc.
Following its ICO launch in July 2017, the total supply of Binance Coin (BNB) tokens has never exceeded 200,000,000. By market cap, BNB ranks fifth among cryptocurrencies as of May 2022, behind USD Coin, USD Tether, Ethereum, and Bitcoin. Fees for trading on Binance.com, Binance Chain, and Binance DEXs can all be paid with BNB tokens, a cryptocurrency designed specifically for trading.
Moshnake – The Emergence Of Retro GameFi
Moshnake Token (MSH) is a GameFi-based cryptocurrency that supports several functions, including but not limited to rewards, transaction fees, network governance, and a marketplace for its users. The cryptocurrency was designed to run exclusively on the BNB Smart Chain (BNB) network, a blockchain known for its speed and cheap transaction fees.
Users of this gaming platform are guaranteed an endless supply of entertainment and winnings, as well as unrestricted access, simple gameplay, and quick and easy deposits and withdrawals. For the younger generation, Moshnake is a novel form of entertainment that starkly contrasts to the traditional forms they are accustomed to. Given these considerations, Moshnake has the potential to outperform other P2E crypto assets within a few years.
Stellar
Stellar is a payment platform that is open-source and decentralized simultaneously. Its currency is denoted by the symbol XLM. The blockchain technology it utilizes makes it possible to move money immediately and at meager transaction fees. Its cryptocurrency, called Lumen or XLM Token, was developed specifically for use on this network.
Additionally, the first appearance of Stellar (XLM) was in 2014, following Bitcoin (BTC). Stellar Token (XLM) is a decentralized, worldwide, and interoperable platform-wide fiat currency converter. Since the fees for each transaction are so incredibly low—just $0.000001—the platform is easily affordable and open to anyone.
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
