The cryptocurrency market is expanding rapidly, and as a result, more brand-new cryptocurrencies such as Moshnake (MSH) are released regularly.
However, it is important to analyze these new releases considering their great potential and what they might deliver to the market.
Top crypto projects Cardano (ADA) and Polygon (MATIC) have been dominating the cryptocurrency market with their many utilities, but it is time to explore them alongside the new cryptocurrency Moshnake (MSH).
Here is what you need to know about these cryptocurrency projects.
Cardano — Top Smart Contract Platform
The Ethereum blockchain is the pioneer blockchain for smart contracts. However, it has been in consistent rivalry with other blockchain projects like Cardano (ADA) that support smart contracts, decentralized apps (dApps), and financial products.
Launched in 2017, Cardano (ADA) leverages scientific and methodological approaches to develop new technologies and continuously increase the platform’s functionalities.
Cardano (ADA) has been branded the “Ethereum Killer” since it was developed to address some of Ethereum’s most severe problems.
The Proof-of-Stake (PoS) algorithm used by the Cardano (ADA) blockchain enables a quicker consensus to be established while consuming less energy, in contrast to Ethereum’s then Proof-of-Work (PoW) consensus mechanism.
However, Ethereum (ETH) has moved to a proof-of-stake (PoS), thanks to its recent ETH 2.0 upgrade.
As a result, Cardano (ADA) is among the fastest-growing ecosystem. Recently, the World Economic Forum listed it as one of the most scalable blockchains.
In 2021, Cardano’s (ADA) price rose more than elevenfold, reaching an all-time high of $3.10. At the time of writing, it has a market cap of over $15 billion and ranks the 8th-largest cryptocurrency by market cap.
These factors make cryptocurrency attractive for short-term and long-term buys.
Polygon — The Internet of Chains
Since its launch, Polygon (MATIC) has supported 7,000+ decentralized applications (dApps). The network calls itself “Ethereum’s internet of blockchains” because one of its main goals is to promote a multichain Ethereum ecosystem.
Operated via a proof-of-stake consensus, users are rewarded with MATIC, the native cryptocurrency of the ecosystem, for maintaining the network and validating transactions. Polygon (MATIC) also has a unique deflationary structure which ensures a limited supply of MATIC and a price surge as its demand increases.
Furthermore, Polygon (MATIC) has a bright future ahead as it pushes for more utility. The project is participating in the 2022 Disney Accelerator, which focuses on technology advancements, like non-fungible tokens (NFTs), augmented reality (AR), and artificial intelligence (AI) as future methods of storytelling.
Moshnake — New GameFi Platform
Moshnake (MSH) is a new NFT game that allows users to play and earn crypto. The new cryptocurrency may surpass market heavyweights like Cardano (ADA) and Polygon (MATIC) following its launch and already possess some exciting features.
Moshnake (MSH) aims to gain instant acceptance and widespread adoption by leveraging the legendary appeal of the old mobile snake game.
Its developers optimized the game using the BNB Smart Chain, one of the most popular blockchain platforms in the crypto gaming industry. As a result, the Moshnake (MSH) gameplay will be significantly fast and efficient. Users will also enjoy a cheaper transaction cost on the ecosystem.
Furthermore, Moshnake (MSH) will be integrated with some of the world’s best centralized exchanges, ensuring that depositing funds into the game and withdrawing rewards are seamless. While the DAO will give users administrative rights and control over their funds within the ecosystem
Although Moshnake’s future is still uncertain, it has the markings of a promising project and could make a great addition to any trader’s portfolio. Join the presale or learn more about this next big cryptocurrency with the links below.
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.