This article will look at some underrated crypto projects with good opportunities for crypto enthusiasts. These projects include XRP, The Graph, and Moshnake.
XRP was created in 2013. 2013 was when the idea of cryptocurrencies was relatively new, and many did not believe in the ecosystem. However, XRP's launch stirred conversations in the crypto ecosystem. So what is XRP exactly?
XRP is complex. It involves the Ripple company, the XRP ledger, and the XRP token. The company was created to enable traditional payments to migrate to a more open infrastructure. The XRP ledger works similarly to Bitcoin. It shares similar designs and architecture with the world's first cryptocurrency. Albeit, the XRP ledger differs. XRP ledger allows the sending and receiving of payments through cryptography. It also supports private and public key transactions. However, it shifts in style when it utilizes a different consensus mechanism. XRP deviates from the regular proof-of-work mechanism of using computer nodes to verify transactions. Its validators do not also use mining. However, the XRP ledger validates transactions with unique nodes through the permissions server.
XRP has been in a long battle with the SEC on whether it is a security. Many believe that this pending court case has stunted the growth of XRP. However, there has been a glimpse of positive news. So, if the course case goes well in XRP favors, the token may likely see a positive price move.
The Graph has been dubbed a decentralized Google. Why? It enables smart contract developers to access databases. Smart contract developers can query any blockchain network to gather data insights.
The Graph is an open-source blockchain protocol that can be deployed for the collection, processing, and storage of data from different blockchain networks. This data can serve as insights for developers and researchers to improve their platforms.
To use these services, developers need to deploy subgraphs that will aid the querying and indexing of protocols. At the center of the project is the Graph Token (GRT). This token will enable developers to interact with the protocol.
Play-to-earn games are changing the narratives for gamers. Some gamers prefer to play for the thrills, but then have they seen the light? Play-to-earn games incentivize players while allowing them to enjoy their favorite games. It gets more exciting as these rewards are present in various categories of games. It is not left to just adventure or combat games. Players can get rewarded for playing the simplest of games. One such simple play-to-earn game is Moshnake.
Moshnake is an NFT play-to-earn snake game that rewards users for battling in the arena. Players use their snakes to compete with other snakes while searching for rewards. It is expected that players should avoid getting hit by other players as they hustle for their rewards. Rewards can come in various forms, like eggs, venom potion, tokens, etc. However, an investment is required before players can compete in the arena. They will need to purchase their snake's NFT. An entrance fee is also required. The cost can be paid with the venom token. It is safe to say the Venom token is the in-game token. It is also essential for all purchases within the game.
Another token used in the game is the Moshnake token (MSH). This token can be utilized for major purchases such as NFTs, Venom, etc. Players can swap their NFTs for MSH, and they can also receive rewards in MSH. Additionally, the token will aid autonomous governance in the platform. Players with the token can stake their opinion on necessary decisions about the game. The token can also be staked for steady returns.
Moshnake would appeal to gamers, traders, and investors as a blockchain-based game. Some people will enjoy the game, some will flip the snake NFTs, while the rest will invest with the token. Whatever approach a user chooses, there is an opportunity to earn on Moshnake.
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.